HK Hot Stocks: Finance stocks down, Jiangxi Copper falls
HONG KONG, Feb 5 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:
As of 0242 GMT, the blue-chip Hang Seng Index .HSI was down 1.49 percent as investors locked in profits a day after sharp gains. The index opened down 1.3 percent at 24,710.10.
The China Enterprises index of H-shares .HSCE, or Hong Kong-listed shares in mainland companies, fell 1.64 percent.
STOCKS ON THE MOVE:
* Profit-taking ahead of the Lunar New Year holiday on Thursday put pressure on recent financial gainers, with China Life (2628.HK: Quote, Profile, Research, Stock Buzz), which rose 9.3 percent on Monday, sliding more than 2 percent to HK$31.60. China Construction Bank (0939.HK: Quote, Profile, Research, Stock Buzz), which soared nearly 6 percent on Monday, fell 1.6 percent to HK$6.10.
* Shares of Jiangxi Copper Co Ltd (0358.HK: Quote, Profile, Research, Stock Buzz) fell 3.8 percent to HK$15.32 after China's top integrated copper producer said rainstorms in southern China had a material impact on production, and the whole or at least half of the production activities of its copper mines in Jiangxi Province had ceased. Its copper smelting factory could only maintain a 60 to 70 percent level of production. [ID:nHKG308761]
* Hunan Nonferrous Metals Corp (2626.HK: Quote, Profile, Research, Stock Buzz) fell 1.24 percent to HK$3.99 after the non-ferrous metal producer said production of three of its subsidiaries had been suspended due to damage of electricity supply equipment and part of the fixed assets, while production of another two units had been partly suspended due to power failure. For details please see here
* China COSCO Holdings Co Ltd (1919.HK: Quote, Profile, Research, Stock Buzz) fell 2.2 percent to HK$20.15 after it said it had diverted ships from its international fleet for domestic coal transportation as the country struggles with serious power shortages amid its coldest winter in a century. [ID:nSHA214139]
* China Shenhua Energy Co Ltd (1088.HK: Quote, Profile, Research, Stock Buzz) was down 1.2 percent at HK$41.55 after it parent, Shenhua Group, said it planned to produce 20.2 million tonnes of thermal coal in February, or 20 percent more than the January level on a daily basis, to help relieve the power shortage. China's Shenhua Group, the country's largest coal miner and exporter, expects its coal output to rise 11 percent in 2008 to 260 million tonnes, a company official said on Monday. [ID:nSHA153792] (Reporting by Donny Kwok; Editing by Anne Marie Roantree)
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