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HK Hot Stocks: Finance falls, Anton dives on debut

Fri Dec 14, 2007 2:59am EST
 
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HONG KONG, Dec 14 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.

As of 0243 GMT, the blue-chip Hang Seng Index .HSI was down 0.56 percent, extending losses with selling on financial stocks leading the slide as credit worries haunt the market.

The benchmark Hang Seng Index .HSI opened 0.13 percent lower at 27,708.31.

The Hang Seng financial sub-index .HSNF had lost 0.80 percent by 0247 GMT. The Hang Seng properties sub-index .HSNP, recovering from earlier losses, was up 0.34 percent at 0243 GMT. The index fell as much as 0.33 percent in early trade.

The China Enterprises Index of H shares was down 1.38 percent at 0250 GMT.

STOCKS ON THE MOVE:

* Shares in small Hong Kong banks skidded on Friday morning, a day after the territory's central bank warned that lenders could face losses this year due to their exposure to subprime-related products.

Citic International Financial Holding (0183.HK: Quote, Profile, Research, Stock Buzz) slid 7.35 percent, Dah Sing Bank (2356.HK: Quote, Profile, Research, Stock Buzz) plunged nearly 7 percent, Fubon Bank (0636.HK: Quote, Profile, Research, Stock Buzz) was down 5.6 percent and Wing Hang Bank (0302.HK: Quote, Profile, Research, Stock Buzz) dived 4.2 percent. [ID:nHKG148987]

* CITIC Pacific Ltd (0267.HK: Quote, Profile, Research, Stock Buzz) fell 1.31 percent after the conglomerate said it would buy 17 vessels for a total HK$6.93 billion (US$888.5 million) for moving iron ore and coal for its steel and power generators in China. The ships, which are to be built by China Shipbuilding Corp and Shanghai Jiangnan Changxing Heavy Industry, will be delivered between 2010 and 2012. here  Continued...

 

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