HK Hot Stocks: Coal and shipping plays rise

HONG KONG, May 29 (Reuters) - Here are some stocks on the
move in Hong Kong on Thursday.

As of 0248 GMT, the benchmark Hang Seng Index .HSI had
risen 0.82 percent to 24,448.75.

The index of mainland companies listed in Hong Kong .HSCE,
or H shares, rose 1.25 percent to 13,541.89.

STOCKS ON THE MOVE:

* Property firm Great Eagle Holdings (0041.HK) jumped 3.7
percent to HK$26.65 after Champion REIT (2778.HK) said it
planned to raise $1.66 billion through unit and bond sales as
well as bank loans to help fund its purchase of Langham Place
from Great Eagle. For details, see
here

* Shares in China's biggest coal producer, China Shenhua
Energy (1088.HK), climed nearly 2.2 percent to HK$35.35 and
Yanzhou Coal (1171.HK) gained 2.7 percent to HK$16.50, after
China's Premier Wen Jiabao on Wednesday called for an increase in
coal production and transportation to ward off power shortages in
the peak summer season, and for oil firms to ensure fuel
supplies.[ID:nSHA148640]

* Bulk shipping firms China COSCO (1919.HK) and China
Shipping Development (1138.HK) climbed on renewed interest in the
sector in anticipation of Wah Kwong Shipping's planned Hong Kong
IPO in June.

China COSCO gained 3.7 percent to HK$22.40. China Shipping
rose 3.9 percent to HK$25.25.
(US$1=HK$7.8)
(Reporting by Joseph Chaney; Editing by Anne Marie Roantree)