HK Hot Stocks: Property stocks up, HK Chinese falls
HONG KONG, May 19 (Reuters) - Here are some stocks on the move in Hong Kong on Monday.
As of 0253 GMT, the blue-chip Hang Seng Index .HSI had gained 0.29 percent to 25,694.32. It opened down 0.1 percent.
The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, rose 0.47 percent.
STOCKS ON THE MOVE:
* Local property stocks rose after positive home sales at the weekend, with shares of Hang Lung Group (0010.HK) climbing 3.37 percent, Hang Lung Properties (0101.HK) rising 2.08 percent, Cheung Kong (0001.HK) gaining 1.64 percent and Sino Land (0083.HK) up 1.44 percent.
* Shares of HSBC (0005.HK) gained 0.22 percent to HK$135 after the lender (HSBA.L) said on Saturday it would acquire 73.21 percent of Indian brokerage IL&FS Investsmart ILFI.BO in an all-cash deal for $261 million to boost its presence in the growing domestic market.
* Shares of Hongkong Chinese (0655.HK) plunged 11.5 percent to HK$1.31 after the property investment firm said it planned to raise HK$471 million through a rights issue, raising capital to fund real estate projects. For details please see here (US$1=HK$7.8) (Reporting by Donny Kwok; Editing by Anne Marie Roantree)
