HK Hot Stocks: Airline stocks rise, Solargiga up

HONG KONG, March 31 (Reuters) - Here are some stocks on the move in Hong Kong on Monday.

As of 0245 GMT, the blue-chip Hang Seng Index .HSI had fallen 1.41 percent, tracking softer overseas markets and snapping four straight days of gains in the local market.

The benchmark Hang Seng Index .HSI opened down 1.24 percent.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was down 1.71 percent.

STOCKS ON THE MOVE:

* Airline stocks, bucking softer markets, rebounded from their lows with a boost from weaker oil prices. Air China (0753.HK: Quote, Profile, Research, Stock Buzz) surged 3.43 percent to HK$6.63, China Southern (1055.HK: Quote, Profile, Research, Stock Buzz) climbed 3.19 percent to HK$6.15, China Eastern (0670.HK: Quote, Profile, Research, Stock Buzz) rose 1.53 percent to HK$3.98, and Cathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) gained 1.06 percent to HK$15.2.

* Shares in Solargiga Energy Holdings Ltd (0757.HK: Quote, Profile, Research, Stock Buzz) rose to HK$3.03 after the Chinese solar wafer maker opened flat at HK$2.92 in their Hong Kong trading debut on Monday. The company raised about $127 million in an IPO that was delayed and downsized amid weak markets.

Another new listing, aluminium profiles maker Xingfa Aluminium Holdings (0098.HK: Quote, Profile, Research, Stock Buzz), edged up slightly to HK$2.29 compared with the issue price of HK$2.28.

* Shares of small Hong Kong lender Wing Lung Bank (0096.HK: Quote, Profile, Research, Stock Buzz), whose two largest shareholders were considering a possible sale of their holdings, jumped more than 12 percent to a high of HK$132.5 on Monday on expectations that talks on the sale of a controlling stake would conclude soon. The stock steadied at HK$131.9 at 0237 GMT. [ID:nHKF079046]