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), China's
fourth-largest oil producer, jumped as much as 8 percent and the
country's top offshore oil specialist CNOOC Ltd (0883.HK) rose 2
percent.

Top Asia oil refiner Sinopec Corp (0386.HK) fell 3 percent.

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

* Hong Kong lender Wing Lung 0096.HK rose more than 2
percent after local media reported that China Merchants Bank
(600036.SS), 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)