HONG KONG, April 29 Hong Kong's Hang Seng Index
ended slightly higher on Monday as strength in retailer Esprit
Holdings offset weakness in Chinese commodities counters after
disappointing corporate earnings doused recovery hopes.
The Hang Seng Index closed up 0.2 percent at 22,580.8
points. The China Enterprises Index of the leading
Chinese listings in Hong Kong shed 0.5 percent.
Mainland China markets are shut for a three-day Labour Day
* Esprit Holdings jumped 4.6 percent to its
highest in almost three months, thanks to an upgrade from
"neutral" to "buy" by UBS analysts, who believe its turnaround
prospects have improved following more focused execution.
* Coal mining plays dived after a series of underwhelming
quarterly earnings from the smaller sector players. China Coal
Energy tumbled 6.2 percent in its worst daily showing
in 11 months after underwhelming expectations with a 38 percent
decline in quarterly net profit. JP Morgan analysts cut their
price target for China Coal by about 11 percent.