HONG KONG, June 2 (Reuters) - Here are some stocks on the
move on Monday.
As of 0209 GMT, the benchmark Hang Seng Index .HSI had
edged down 0.22 percent to 24,478.42.
The China Enterprises Index of Hong Kong-listed mainland
companies .HSCE, or H shares, had fallen 0.34 percent to
13,724.15.
STOCKS ON THE MOVE:
* Beijing Capital International Airport (0694.HK), the most
actively traded stock, fell 1.25 percent to HK$7.89 after the
Beijing airport operator said it planned to sell 313.21 million
H-shares at HK$7.45 each, raising HK$2.1 billion. The funds would
be used for working capital and spending, including expenditures
to be incurred in preparation for the increased traffic at
Beijing Capital Airport during the 2008 Summer Olympics.
* Shares of China Railway Construction Corp (1186.HK) fell
7.6 percent after a 14 percent rally last Friday. The drop came
even as Goldman Sachs initiated coverage with a buy rating,
saying it benefits from a still booming construction cycle in
China.
* Power investor and electricity supplier CLP Holdings
(0002.HK) fell 7.6 percent to HK$65.1 after an almost 9 percent
rise last Friday. Mongolia Energy (0276.HK) slid 6.1 percent
following its more than 14 percent rally. Brokers said demand for
power and energy-related stocks gave the shares a boost but
upside was seen limited without concrete news to back it up.
* Shares of CITIC Resources Holdings (1205.HK) plunged 9.93
percent to HK$3.99 after it said it planned to raise HK$2.5
billion through an issue of 788.68 million rights shares at
HK$3.2 each, to enhance financial conditions, for funding future
investments and for working capital.
(US$1=HK$7.8)
(Reporting by Donny Kwok; Editing by Anne Marie Roantree)
