HK Hot Stocks: Sinopec, Zijin Mining down

HONG KONG, March 10 (Reuters) - Here are some stocks on the move in Hong Kong on Monday:

As of 0234 GMT, the blue-chip Hang Seng Index .HSI was down 1.3 percent, widening opening losses.

The index opened down 0.5 percent at 22,387.25.

STOCKS ON THE MOVE:

* Asia's top refiner, Sinopec Corp (0386.HK: Quote, Profile, Research, Stock Buzz), sank 3 percent to HK$7.33.

Sinopec Vice-Chairman Zhou Yuan said on Friday the company had notched up a steady increase in profits in 2007 compared with the previous year, but also said that when crude oil hit $100 a barrel, the oil refiner was losing 2,000 yuan ($281.50) for every tonne of gasoline it produced and even more on diesel [ID:nPEK216381] [ID:nPEK210527].

* Gold miner Zijin Mining Group Co Ltd (2899.HK: Quote, Profile, Research, Stock Buzz) tumbled 6.9 percent to HK$9.39, despite posting a yearly net profit of 2.6 billion yuan [IDnHKG367860], up 50 percent from a year ago.

Investors booked profits in Zijin as the stock has tracked gold prices, which have hit successive peaks recently.

* Shanghai Petrochemical (0338.HK: Quote, Profile, Research, Stock Buzz), China's largest integrated chemicals firm, jumped 3.3 percent to HK$3.49 after the company's head said on Friday it plans to expand its refinery and add 450,000 tonnes of ethylene capacity if Beijing gives it the go-ahead [ID:nPEK193501].

* eSun Holdings Ltd (0571.HK: Quote, Profile, Research, Stock Buzz) surged 7.7 percent to HK$3.80 after saying it planned to raise as much as HK$1.04 billion by issuing up to 414.51 million rights shares in the proportion of one rights share for every two existing shares held. (Reporting by Rita Chang; Editing by Anne Marie Roantree)