HK Hot Stocks:China Unicom, Zijin Mining down
HONG KONG, April 25 (Reuters) - Here are some stocks on the move in Hong Kong on Friday.
As of 0236 GMT, the blue-chip Hang Seng Index .HSI had lost 0.37 percent to 25,587.04. It opened up 0.67 percent.
The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, eased 0.8 percent as Chinese stocks in Shanghai lost steam .SSEC after a 9.3 percent rally on Thursday.
STOCKS ON THE MOVE:
* Shares in China Unicom (0762.HK) fell nearly 5 percent after the mobile operator reported a lower-than-expected 1.5 percent rise in quarterly earnings as margins came under pressure.
For story please read [ID:nHKG346105]
* Zijin Mining (2899.HK) (601899.SS) lost 5.8 percent after gold prices dropped to a three-week low in New York overnight. [ID:nL24874953]
* Aviavtion stocks rose on Friday after oil prices retreated to under $116 a barrel as a stronger dollar ignited a sell-off and investors shifted cash to equities. [ID:nSP320943]
Shares in Hong Kong's Cathay Pacific (0293.HK) gained 1.77 percent.
Air China (0753.HK) topped the H-share gainers' list to rise 4.3 percent on Friday after the airline reported a more than two-fold jump in first-quarter earnings on a stronger yuan and good traffic growth.
For details please see here
* Shares in China High Speed Transmission Equipment Group (0658.HK) jumped more than 8 percent as trading resumed on Friday after it announced sales of $250 million in convertible bonds. [ID:nHKG275993]
The company told Reuters in an interview that it plans to nearly quadruple wind-turbine gears capacity in 2 years. [ID:nHKG264442] (Reporting by Alison Leung; Editing by Anne Marie Roantree)
