HK Hot Stocks: Oil producers up, airlines fall

HONG KONG, May 8 (Reuters) - Here are some stocks on the move
in Hong Kong on Thursday.

As of 0239 GMT, the benchmark Hang Seng Index .HSI had
dropped 0.22 percent to 25,553.93 points. The index opened down
0.65 percent.

The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, was down 1.02 percent at
13,974.02 points.

STOCKS ON THE MOVE:

* Oil prices struck another record above $123 a barrel,
lifting shares of oil producers but weighing on sectors sensitive
to high fuel costs, such as oil refiners and airlines.

CITIC Resources Holdings Ltd (1205.HK: Quote, Profile, Research, Stock Buzz), China's
fourth-largest oil producer, jumped as much as 8 percent and the
country's top offshore oil specialist CNOOC Ltd (0883.HK: Quote, Profile, Research, Stock Buzz) rose 2
percent.

Top Asia oil refiner Sinopec Corp (0386.HK: Quote, Profile, Research, Stock Buzz) fell 3 percent.

Flag carrier Air China (0753.HK: Quote, Profile, Research, Stock Buzz) fell as much as 5 percent,
China Southern (1055.HK: Quote, Profile, Research, Stock Buzz) dropped more than 3 percent and China
Eastern (0670.HK: Quote, Profile, Research, Stock Buzz) fell nearly 5 percent.

* Hong Kong lender Wing Lung (0096.HK: Quote, Profile, Research, Stock Buzz) rose more than 2
percent after local media reported that China Merchants Bank
(600036.SS: Quote, Profile, Research, Stock Buzz), the country's fifth-largest bank, had rejoined the
bidding for it. [ID:nHKG179950]
(US$1=HK$7.8)
(Reporting by Judy Hua; Editing by Anne Marie Roantree)