HK Hot Stocks: Yurun Food jumps, Sinopec falls
HONG KONG, April 10 (Reuters) - Here are some stocks on the move in Hong Kong on Thursday.
As of 0238 GMT, the blue-chip Hang Seng Index .HSI had risen 0.2 percent after see-sawing in and out of positive territory. It opened up 0.5 percent.
The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, had dropped 0.75 percent.
STOCKS ON THE MOVE:
* China Yurun Food Group (1068.HK) jumped as much as 9 percent after the country's second-largest meat processor posted a nearly 80 percent rise in 2007 earnings due to rising pork prices.
* Asia's top oil refiner Sinopec Corp (0386.HK) fell 4.7 percent as oil prices surged above $112 a barrel, further squeezing its refining margins as domestic fuel prices are capped by the government.
Similarly, the country's second-biggest refiner PetroChina (0857.HK) dropped 2.5 percent.
* Industrial and Commercial Bank of China (1398.HK) (601398.SS), China's biggest bank, rose 2.3 percent after it estimated its net profit in the first quarter of this year rose at least 50 percent.
* China Construction Bank (0939.HK) rose as much as 2.4 percent as investors expect it to post rosy 2007 earnings on Friday.
* Zijin Mining (2899.HK), China's second-largest gold producer, jumped as much as 3.8 percent after gold prices rallied. (Reporting by Judy Hua; Editing by Anne Marie Roantree)
