HK Hot Stocks: China COSCO, commodities shine

HONG KONG, March 6 (Reuters) - Here are some stocks on the move in Hong Kong on Thursday:

As of 0233 GMT, the blue-chip Hang Seng Index .HSI was up 0.8 percent, supported by advancing Asian equity markets.

The index opened up 1.1 percent at 23,360.68.

STOCKS ON THE MOVE:

* Record gold and crude prices ignite rally in resource stocks

Oil producer PetroChina Co Ltd (0857.HK: Quote, Profile, Research, Stock Buzz) jumped 2.2 percent to HK$11.02 and offshore oil specialist CNOOC Ltd (0083.HK: Quote, Profile, Research, Stock Buzz) climbed 2.4 percent to HK$12.14.

Lingbao Gold (3330.HK: Quote, Profile, Research, Stock Buzz) surged 6 percent to HK$5.12.

Aluminum Corp of China (Chalco) (2600.HK: Quote, Profile, Research, Stock Buzz), the country's top alumina producer, jumped 2.9 percent to HK$14.9, amid a commodities rally. Credit Suisse said it was raising the stock to neutral from underperform after the bank upgraded aluminum price forecasts by 16 percent for 2008.

* China COSCO Holdings Co Ltd (1919.HK: Quote, Profile, Research, Stock Buzz) jumped 4.4 percent to HK$22.50 after its parent and China's largest shipping conglomerate China Ocean Shipping (Group) Co (COSCO Group) said it may inject its tanker fleet assets into the listed flagship [ID:nHKG231999].