HK Hot Stocks-Refiners rally,Chinese financials jump

HONG KONG, June 20 (Reuters) - At 0311 GMT, the Hang Seng Index .HSI had extended gains to rise 2.5 percent to 23,368.40, after opening just slightly higher, boosted by sharp gains in mainland stocks.

The China Enterprises Index .HSCE of top locally listed mainland firms had risen 2.7 percent to 12,761.46.

Here are some of the stocks on the move.

* Chinese oil refiners surged after Beijing unexpectedly raised fuel prices by up to 18 percent in a bid to control demand and ease supply constraints. Sinopec Corp (0386.HK), Asia's largest refiner and the biggest benefactor of the energy price hike, rallied 4.3 percent, Sinopec Shanghai Petrochemical (0338.HK) jumped 8.2 percent and PetroChina (0857.HK) gained 5.1 percent.

* Huaneng Power (0902.HK) advanced 4.7 percent after China said it was increasing retail electricity prices by an average of 4.7 percent. Datang Power (0991.HK) was up 4.1 percent and Huadian Power (1071.HK) moved up 2.8 percent.

* Coal stocks fell as Beijing imposed price ceilings on the commodity, asking producers not to hike prices beyond yesterday's closing rate. Yanzhou Coal (1171.HK) fell 3.8 percent, China Shenhua Energy (1088.HK) lost 1.1 percent and China Coal Energy (1898.HK) slumped 2 percent.

* Air China (0753.HK) gave up 3 percent on a 25.2 percent hike in jet fuel that will erode its already weakened margins.

Hong Kong's Cathay Pacific Airways (0293.HK) rallied 3.7 percent after U.S. crude oil prices tumbled nearly $5 per barrel overnight on worries of reduced demand from China.

* Chinese financial stocks jumped, tracking a 6 percent surge on the Shanghai Composite Index .SSEC. China Life (2628.HK) gained 3.9 percent and top lender ICBC (1398.HK) shot up 3.3 percent.

* Index heavyweight China Mobile (0941.HK) joined the rally with a 2.7 percent gain. Global lender HSBC (0005.HK) rose 1.3 percent.

* Esprit Holdings (0300.HK) climbed 4 percent, adding to Thursday's 4 percent rally, after Merrill Lynch upgraded the stock to buy from neutral and lifted its target price on the stock by 5 percent on expectations of a stronger euro.

Esprit is the world's fifth-ranked fashion chain and derives about 86 percent of its turnover in Europe.

. (Reporting by Parvathy Ullatil; Editing by )