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HK Hot Stocks: Sinoma, China Railway leap

Thu Dec 20, 2007 9:26pm EST

Stocks

   

HONG KONG, Dec 21 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:

As of 0217 GMT, the blue-chip Hang Seng Index .HSI was up 1.1 percent, pacing strong Asian markets.

The index opened up 0.7 percent at 27,192.80.

STOCKS ON THE MOVE:

* China Railway (0390.HK) jumped a further 2.5 percent to HK$9.18 as the world's third-largest construction contractor was set to be added to the MSCI Global Standard indices on Friday.

* China National Materials Co Ltd (Sinoma) (1893.HK), the world's largest cement engineering service provider, rose 5.4 percent to HK$6.4, a day after its strong debut.

* CITIC International 0183.HK declined 2.1 percent to HK$4.63 after saying further write-downs may be required by CITIC Ka Wah Bank as it was difficult to determine fair value for its structured investment vehicles assets. here (Reporting by Rita Chang; Editing by Anne Marie Roantree)



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