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HK stocks set to open higher; CPMC jumps on debut

Sun Nov 15, 2009 8:59pm EST

Stocks

   
 HONG KONG, Nov 16 (Reuters) - Hong Kong shares are set to
open 1.05 percent higher on Monday, tracking stronger overseas
markets and with a continuous inflow of funds providing
confidence for further upside potential.
 Food packaging firm CPMC Holdings Ltd (0906.HK), which raised
US$139 million in an IPO, was set to open at HK$6.90 on its
trading debut, up 28 percent from its issue price of HK$5.39.
 The benchmark Hang Seng Index .HSI was set to open up
236.36 points at 22,789.99.
 The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to rise 1.24 percent to
13,628.49.
 (Reporting by Donny Kwok; Editing by Chris Lewis)































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