HK Hot Stocks: Finance falls, Anton dives on debut
HONG KONG, Dec 14 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.
As of 0243 GMT, the blue-chip Hang Seng Index .HSI was down 0.56 percent, extending losses with selling on financial stocks leading the slide as credit worries haunt the market.
The benchmark Hang Seng Index .HSI opened 0.13 percent lower at 27,708.31.
The Hang Seng financial sub-index .HSNF had lost 0.80 percent by 0247 GMT. The Hang Seng properties sub-index .HSNP, recovering from earlier losses, was up 0.34 percent at 0243 GMT. The index fell as much as 0.33 percent in early trade.
The China Enterprises Index of H shares was down 1.38 percent at 0250 GMT.
STOCKS ON THE MOVE:
* Shares in small Hong Kong banks skidded on Friday morning, a day after the territory's central bank warned that lenders could face losses this year due to their exposure to subprime-related products.
Citic International Financial Holding 0183.HK slid 7.35 percent, Dah Sing Bank (2356.HK) plunged nearly 7 percent, Fubon Bank (0636.HK) was down 5.6 percent and Wing Hang Bank (0302.HK) dived 4.2 percent. [ID:nHKG148987]
* CITIC Pacific Ltd (0267.HK) fell 1.31 percent after the conglomerate said it would buy 17 vessels for a total HK$6.93 billion (US$888.5 million) for moving iron ore and coal for its steel and power generators in China. The ships, which are to be built by China Shipbuilding Corp and Shanghai Jiangnan Changxing Heavy Industry, will be delivered between 2010 and 2012. here
*China Shipping Development Co Ltd (1138.HK) lost 2.5 percent. The shipping group said it planned to expand its large dry bulk cargo fleet in its "11th Five-year Plan" development plan and would order four 300,000-dead weight tonnes very large iron ore carriers from local shipyards for about US$470 million, and constructed 10 57,300-tonne bulk cargo ships for a total 2.85 billion yuan (US$386.9 million). The deals will be funded by internal resources and bank loans. here
* Chinese oilfield services provider Anton Oilfield Services Group (3337.HK) fell 11.2 percent to HK$1.67 from its issue price of HK$1.88 on its trading debut after it raised US$125 million in a Hong Kong initial public offering. The debut comes after a series of recent disappointing first-day performances amid volatile markets.
* Sinopec Corp (0386.HK) slid 0.52 percent. Sinopec will nearly triple its term crude supply from Iran to 160,000 barrels a day for 2008, bringing Beijing's long-term imports from Tehran to a record high, a trading source close to the deal said on Thursday. [ID:nPEK101940]
* Mobile phone battery maker BYD Co (1211.HK) fell 2.6 percent after its handset component making spinoff, BYD Electronic (International) Co Ltd, raised US$758 million by pricing its IPO at the bottom of its range, a source familiar with the deal said on Thursday. [ID:nHKG156214]
* Neo-China Land Group (Holdings) Ltd (0563.HK) outperformed a weak market, gaining 1.11 percent, after the property firm said it would buy a 90 percent stake in Zhongou Chengkai Co Ltd for 466 million yuan. here (Reporting by Donny Kwok, editing by Nick Macfie)
