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HK Hot Stocks: CNOOC, China Mobile down

Mon May 19, 2008 11:17pm EDT
 
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(Adds CNOOC, China Mobile and City Telecom)

HONG KONG, May 20 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday.

As of 0308 GMT, the blue-chip Hang Seng Index .HSI had lost 1.71 percent to 25,303.17 after opening down 0.19 percent.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, fell 1.68 percent.

STOCKS ON THE MOVE:

* Shares in China Mobile (0941.HK: Quote, Profile, Research, Stock Buzz), the world's largest mobile cellular carrier by users, lost 2.15 percent after the company announced on Tuesday that its net additional subscriber growth had slowed to 7.4 million in April from 7.78 million in March. ">here

* Shares in CNOOC, China's top offshore oil and gas producer, snapped a 7-day winning steak, falling 1.25 percent even as Credit Suisse upgraded the stock to outperform from neutral on higher crude prices. [ID:nHKG14913]

* City Telecom (1137.HK: Quote, Profile, Research, Stock Buzz) rose 4.41 percent after the company reported late on Monday that its first-half earnings to end February surged 162 percent.

For result statement please read here  Continued...

 

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