HK Hot Stocks - Cosco Pacific, CNOOC fall

HONG KONG, June 5 (Reuters) - The benchmark Hang Seng Index .HSI reversed course and fell 0.5 percent to 24,005.50 in late morning trade on Thursday.

The China Enterprises Index .HSCE of locally listed mainland firms fell 1.11 percent.

Here are some of the stocks on the move on Thursday.

* Shares in COSCO Pacfic (1199.HK) were down 6 percent, after diving more than 8 percent earlier, after the world's No. 5 container operator said it had put in a 500 million euro ($780 million) bid for concession rights at Greece's Piraeus port, far below the 4.3 billion euros that Piraeus had announced.

Investors were thrown off by the disparity in the deal value quoted by the two companies and the lack of details on the deal.

* Offshore oil producer CNOOC (0883.HK), which fell to its lowest level since end-April on Wednesday, slid a further 3.3 percent as oil prices continued their decline in overnight trade after U.S. government data showed a sharp rise in U.S. gasoline inventories.

Oil refiner Sinopec Corp (0386.HK) climbed 0.6 percent as lower oil prices will ease pressure on its refining margins.

* Yanzhou Coal (1171.HK) gained 0.5 percent, following Wednesday's 8.9 percent fall after the company was forced to supply extra coal to power generators at a discount in its home province of Shandong. Yanzhou increased some of its spot coal prices to make up for the difference.

Rival companies China Shenhua (1088.HK) and China Coal Energy (1898.HK) slid further on fears that the price regulation would spread to other parts of China. Shenhua was down 2.1 percent and China Coal gave up 3.3 percent.

* Mainland telecom stocks were lower for the third day running after the launch of an industry shake-up amid broker downgrades and uncertainity over the earnings prospects at telcos post-restructuring. China Unicom (0762.HK) dropped 1.8 percent and China Netcom 0906.HK fell 1.3 percent. China Telecom (0728.HK) bucked the trend and moved 1.2 percent higher after the company said it had attracted interest from a number of potential suitors. Index heavyweight China Mobile (0941.HK) was down 0.3 percent, in-line with the broad market trend.

(Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

(Reuters Messaging parvathy.ullatyil@thomsonereuters.com, +852 28436415).

ASIA-PACIFIC STOCK MARKETS: Pan-Asia........[STXNEWS/AS] Japan.......[.T] S.Korea...[.KS] S.E. Asia.......[.SO] Hong Kong...[.HK] Taiwan....[.TW] Australia/NZ....[.AX] India.......[.BO] China.....[.SS]

OTHER MARKETS: Wall Street ....[.N] Gold .......[GOL/] Currency..[FRX/] Eurostocks......[.EU] Oil ........[O/R] JP bonds...[JP/] ADR Report .....[ADR/] LME metals.[MET/L] US bonds.. [US/] Stocks News US..[STXNEWS/US] Stocks News Europe [STXNEWS/EU]

DIARIES & DATA: IPO diary & data <HK/IPOMENU> Asia earnings diary [ASIA/EQTY] U.S. earnings diary [RESF/US] European diary [WEU/EQTY] Hong Kong diary [HK/DIARY] Wall Street Week Ahead [.N/O] Eurostocks Week Ahead [.EU/O]

TOP NEWS: