HK Hot Stocks: Sinoma, China Railway leap

Thu Dec 20, 2007 9:26pm EST
 
[-] Text [+]

HONG KONG, Dec 21 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:

As of 0217 GMT, the blue-chip Hang Seng Index .HSI was up 1.1 percent, pacing strong Asian markets.

The index opened up 0.7 percent at 27,192.80.

STOCKS ON THE MOVE:

* China Railway (0390.HK) jumped a further 2.5 percent to HK$9.18 as the world's third-largest construction contractor was set to be added to the MSCI Global Standard indices on Friday.

* China National Materials Co Ltd (Sinoma) (1893.HK), the world's largest cement engineering service provider, rose 5.4 percent to HK$6.4, a day after its strong debut.

* CITIC International 0183.HK declined 2.1 percent to HK$4.63 after saying further write-downs may be required by CITIC Ka Wah Bank as it was difficult to determine fair value for its structured investment vehicles assets. here (Reporting by Rita Chang; Editing by Anne Marie Roantree)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better