HONG KONG, April 26 (Reuters) - By 0220 GMT, the benchmark
Hang Seng Index was up 1.6 percent at 21,574.
The China Enterprise Index of top locally listed mainland stocks had risen 1.7 percent.
Here are some stocks on the move:
* Oil counters PetroChina rose 1.5 percent and CNOOC gained 2.4 percent on higher oil prices.
* PC maker Lenovo group rose 3.6 percent after news it was the leading candidate to buy struggling smartphone maker Palm.
* Swire Pacific was up 1.7 percent. Its property arm, Swire Properties plans to raise up to US$2.7 billion from a Hong Kong initial public offering, two sources close to the deal said on Sunday.
* Esprit Holdings fell 0.8 percent, after the Europe-focused clothing retailer said its total sales in the nine months ended in March eased 1.8 percent from the year-ago period, despite an improving global economy.
* China Pharmaceutical Group Ltd jumped 3.5 percent. The world's largest vitamin C producer asid it expects sales volume to rise about 7 percent this year as it eyed acquisitions to expand its finished drug business.
* Sinopec Kantons surged 8.2 percent after it said it would team with PT Mas Capital Trust to form a joint venture to build and operate a 2.6 million cubic metre oil storage complex and a supporting quay and to carry out navigation channel dredging construction on Batam Island in Indonesia.
* China CITIC Bank was up 1.7 percent. The company said it planned to set up an auto finance venture with Corporacion General Financiera S.A., a unit of Banco Bilbao Vizcaya Argentaria S.A., and will contribute 650 million yuan ($95.21 million) for a 65 percent interest in the venture.
((Reporting by Jun Ebias; Editing by Jacqueline Wong))
((jun.ebias@thomsonreuters.com; +852 2843 6537; Reuters Messaging: jun.ebias.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS
Keywords: MARKETS HONGKONG STOCKS
HONG KONG, April 26 (Reuters) - By 0325 GMT, the benchmark Hang Seng Index was up 1.7 percent at 21,600.
The China Enterprise Index of top locally listed mainland stocks had risen 1.9 percent.
Here are some stocks on the move:
* Developers rebounded after being hammered in previous sessions as China took further steps to cool its property sector. The Hong Kong property sub-index was up almost 2 percent, snapping three days of losses.
Hang Lung Properties was up 3.1 percent and Henderson Land gained 2.8 percent.
* Oil counters extended their earlier gains, with PetroChina up 2.7 percent and CNOOC was 3.4 percent higher on higher oil prices.
* Chinese furniture marker Royale Furniture rose nearly 16 percent and was one of the session's top gainers so far. The company said it returned to profit in 2009.
* PC maker Lenovo group rose 2.5 percent after news it was the leading candidate to buy struggling smartphone maker Palm.
* Swire Pacific was up 2.3 percent. Its property arm, Swire Properties plans to raise up to US$2.7 billion from a Hong Kong initial public offering, two sources close to the deal said on Sunday.
* Esprit Holdings erased earlier lossed and was flat. The stock fell after the Europe-focused clothing retailer said its total sales in the nine months ended in March eased 1.8 percent from the year-ago period, despite an improving global economy.
* China Pharmaceutical Group Ltd jumped 2.8 percent. The world's largest vitamin C producer said it expects sales volume to rise about 7 percent this year as it eyed acquisitions to expand its finished drug business.
* Sinopec Kantons surged 7.2 percent after it said it would team with PT Mas Capital Trust to form a joint venture to build and operate a 2.6 million cubic metre oil storage complex and a supporting quay and to carry out navigation channel dredging construction on Batam Island in Indonesia.
* China CITIC Bank was up 1.7 percent. The company said it planned to set up an auto finance venture with Corporacion General Financiera S.A., a unit of Banco Bilbao Vizcaya Argentaria S.A., and will contribute 650 million yuan ($95.21 million) for a 65 percent interest in the venture.
((Reporting by Jun Ebias; Editing by Jacqueline Wong))
((jun.ebias@thomsonreuters.com; +852 2843 6537; Reuters Messaging: jun.ebias.reuters.com@reuters.net)) ($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The China Enterprise Index of top locally listed mainland stocks had risen 1.7 percent.
Here are some stocks on the move:
* Oil counters PetroChina rose 1.5 percent and CNOOC gained 2.4 percent on higher oil prices.
* PC maker Lenovo group rose 3.6 percent after news it was the leading candidate to buy struggling smartphone maker Palm.
* Swire Pacific was up 1.7 percent. Its property arm, Swire Properties plans to raise up to US$2.7 billion from a Hong Kong initial public offering, two sources close to the deal said on Sunday.
* Esprit Holdings fell 0.8 percent, after the Europe-focused clothing retailer said its total sales in the nine months ended in March eased 1.8 percent from the year-ago period, despite an improving global economy.
* China Pharmaceutical Group Ltd jumped 3.5 percent. The world's largest vitamin C producer asid it expects sales volume to rise about 7 percent this year as it eyed acquisitions to expand its finished drug business.
* Sinopec Kantons surged 8.2 percent after it said it would team with PT Mas Capital Trust to form a joint venture to build and operate a 2.6 million cubic metre oil storage complex and a supporting quay and to carry out navigation channel dredging construction on Batam Island in Indonesia.
* China CITIC Bank was up 1.7 percent. The company said it planned to set up an auto finance venture with Corporacion General Financiera S.A., a unit of Banco Bilbao Vizcaya Argentaria S.A., and will contribute 650 million yuan ($95.21 million) for a 65 percent interest in the venture.
((Reporting by Jun Ebias; Editing by Jacqueline Wong))
((jun.ebias@thomsonreuters.com; +852 2843 6537; Reuters Messaging: jun.ebias.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS
Keywords: MARKETS HONGKONG STOCKS
HONG KONG, April 26 (Reuters) - By 0325 GMT, the benchmark Hang Seng Index was up 1.7 percent at 21,600.
The China Enterprise Index of top locally listed mainland stocks had risen 1.9 percent.
Here are some stocks on the move:
* Developers rebounded after being hammered in previous sessions as China took further steps to cool its property sector. The Hong Kong property sub-index was up almost 2 percent, snapping three days of losses.
Hang Lung Properties was up 3.1 percent and Henderson Land gained 2.8 percent.
* Oil counters extended their earlier gains, with PetroChina up 2.7 percent and CNOOC was 3.4 percent higher on higher oil prices.
* Chinese furniture marker Royale Furniture rose nearly 16 percent and was one of the session's top gainers so far. The company said it returned to profit in 2009.
* PC maker Lenovo group rose 2.5 percent after news it was the leading candidate to buy struggling smartphone maker Palm.
* Swire Pacific was up 2.3 percent. Its property arm, Swire Properties plans to raise up to US$2.7 billion from a Hong Kong initial public offering, two sources close to the deal said on Sunday.
* Esprit Holdings erased earlier lossed and was flat. The stock fell after the Europe-focused clothing retailer said its total sales in the nine months ended in March eased 1.8 percent from the year-ago period, despite an improving global economy.
* China Pharmaceutical Group Ltd jumped 2.8 percent. The world's largest vitamin C producer said it expects sales volume to rise about 7 percent this year as it eyed acquisitions to expand its finished drug business.
* Sinopec Kantons surged 7.2 percent after it said it would team with PT Mas Capital Trust to form a joint venture to build and operate a 2.6 million cubic metre oil storage complex and a supporting quay and to carry out navigation channel dredging construction on Batam Island in Indonesia.
* China CITIC Bank was up 1.7 percent. The company said it planned to set up an auto finance venture with Corporacion General Financiera S.A., a unit of Banco Bilbao Vizcaya Argentaria S.A., and will contribute 650 million yuan ($95.21 million) for a 65 percent interest in the venture.
((Reporting by Jun Ebias; Editing by Jacqueline Wong))
((jun.ebias@thomsonreuters.com; +852 2843 6537; Reuters Messaging: jun.ebias.reuters.com@reuters.net)) ($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
