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HK Hot Stocks:China Unicom, Zijin Mining down

Thu Apr 24, 2008 10:43pm EDT
 
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HONG KONG, April 25 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.

As of 0236 GMT, the blue-chip Hang Seng Index .HSI had lost 0.37 percent to 25,587.04. It opened up 0.67 percent.

The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, eased 0.8 percent as Chinese stocks in Shanghai lost steam .SSEC after a 9.3 percent rally on Thursday.

STOCKS ON THE MOVE:

* Shares in China Unicom (0762.HK: Quote, Profile, Research, Stock Buzz) fell nearly 5 percent after the mobile operator reported a lower-than-expected 1.5 percent rise in quarterly earnings as margins came under pressure.

For story please read [ID:nHKG346105]

* Zijin Mining (2899.HK: Quote, Profile, Research, Stock Buzz) (601899.SS: Quote, Profile, Research, Stock Buzz) lost 5.8 percent after gold prices dropped to a three-week low in New York overnight. [ID:nL24874953]

* Aviavtion stocks rose on Friday after oil prices retreated to under $116 a barrel as a stronger dollar ignited a sell-off and investors shifted cash to equities. [ID:nSP320943]

Shares in Hong Kong's Cathay Pacific (0293.HK: Quote, Profile, Research, Stock Buzz) gained 1.77 percent.  Continued...

 

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