HONG KONG, April 3 (Reuters) - Here are some stocks on the
move in Hong Kong on Thursday.
As of 0250 GMT, the blue chip Hang Seng Index .HSI had
edged up 0.46 percent, buoyed by Chinese financial plays.
The China Enterprises Index of Hong Kong-listed companies, or
H shares, was up 0.34 percent.
STOCKS ON THE MOVE
* China's second largest life-insurer Ping An Insurance Co
Ltd (2318.HK) climbed 2.3 percent to HK$60.05 after it finalised
a deal with Belgian-Dutch financial group Fortis (FOR.BR)
(FOR.AS) to set up a global asset management partnership.
[ID:NL02547837]
* Other Chinese financial plays were in focus a day after
strong demand for a Lehman Brother's $4 billion share offering
raised hopes that the worst of the credit crisis was over for
the financial sector.
Hang Seng Bank (0011.HK) climbed 1.3 percent to HK$142.80,
Bank of Communications (3328.HK) gained 1.2 percent to HK$9.98.
ICBC (1398.HK) rose 1.2 percent to HK$5.88.
* Asia's top developer by market value, Sun Hung Kai
Properties (0016.HK) climbed more than 2 percent to HK$132.10 as
investors looked for bargains after recent lows.
* Datang International Power Generation Co Ltd (0991.HK)
climbed nearly 3.9 percent to HK$4.57 after it said
it would sell 35 percent of Lusigang Power Co in Jiangsu province
to parent China Datang Corp for 108.45 million yuan ($15.45
million), reducing its stake in the unit to 55 percent. For
details please see
here
* Container vessel owner China Shipping (2866.HK) climbed 5.6
percent to HK$3.41 after it reported a nearly four-fold jump in
annual net earnings to 3.2 billion yuan ($456 million).
(Reporting by Joseph Chaney; Editing by Anne Marie Roantree)
