Hong Kong stocks market july 20 2011, Shanghai Composite Down

Indonesia stock info - Hong Kong stocks market july 20 2011, Shanghai Composite Down : HONG KONG, July 20 - Hong Kong stocks rose for a third-straight session on Wednesday, boosted by China Mobile , though the market underperformed the rest of the region on weakness in financials and energy-related counters.

The Hang Seng Index closed up 0.5 percent at 22,003.7 points, while the China Enterprises Index closed up 0.7 percent at 12,382.7 points.

The Shanghai Composite Index closed down for the third-straight session on Wednesday, edging down 0.1 percent to end below the psychological 2,800 level at 2,794.2 points.

HIGHLIGHTS:

* Hong Kong and China markets underperformed their northeast Asian peers on a day where Apple Inc's blockbuster earnings helped lift markets in Japan, South Korea and Taiwan, markets with sizeable techology sectors, underscoring the weight of financials and energy-related counters in these markets.

* CNOOC Ltd opened higher but headed down after Nomura downgraded the stock to "neutral" from "buy" on lower production volumes. It was the top drag on the Hang Seng, losing more than 3 percent in volumes almost 3 times its 30-day average volume early Wednesday. Nomura said in a note on Tuesday that CNOOC's previous full-year oil and gas production estimates for 2011 may be overly optimistic after a recent meeting with the Chinese oil giant.

* Zijin Mining Group Co Ltd , a mainland gold miner with a market cap of $17.7 billion, recorded its biggest one-day plunge in a year after it emerged that one of its shareholders was planning a share placement and after gold prices retreated from a peak. It closed down almost 6 percent in volumes exceeding 13 times its 30-day volume. IFR reported on Wednesday that a Zijin shareholder was selling 338 million shares at a discount, raising about HK$1.47 billion ($189 million). Before Wednesday's drop, Zijin had gains of more than 24 percent, mainly due to rising gold prices, since hitting 2011 lows in mid-June. (source ; Reuters)

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