HK Hot Stocks: CNOOC down, Sinopec up

HONG KONG, May 28 (Reuters) - Here are some stocks on the
move in Hong Kong on Wednesday.

As of 0216 GMT, the blue-chip Hang Seng Index .HSI had
edged up 0.02 percent to 24,282.69.

The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, was up 0.31 percent at 13,371.47.

STOCKS ON THE MOVE:

* GOME Electrical Appliances Holding Ltd 2932.HK, China's
top electronics retailer, rose 4.44 percent to HK$4.47 after it
more than tripled its first-quarter profit thanks to stronger
margins, finance income and its growing store network.

* Chinese oil and gas producer CNOOC (0883.HK) fell 3.48
percent to HK$14.46 on lower oil prices. Oil fell $4 to $128 a
barrel on Tuesday, pulled down by the stronger U.S. dollar and
concerns that moves to cut Asian fuel subsidies could hurt demand
growth.

* Top Asian oil refiner Sinopec Corp (0386.HK), which
benefits from lower oil prices, gained 2.82 percent to HK$7.30.
China's flag carrier Air China (0753.HK) gained 2.57 percent to
HK$5.59, also on the back of lower oil prices.

* Wing Hang Bank (0302.HK) climbed 6.16 percent to HK$112.00
on speculation that China's No. 1 life insurer, China Life
(2628.HK), was eyeing a stake in the bank.

(US$1=HK$7.8)
(Reporting by Joseph Chaney; Editing by Anne Marie Roantree)