By Hanny Wan
Nov. 9 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses and share prices are as of the last close.
The Hang Seng Index advanced 1.6 percent to 21,829.72. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, climbed 1.7 percent to 13,017.20.
Automakers: Sales of passenger vehicles in China rose 79.6 percent to 923,154 units in October from a year earlier boosted by government stimulus measures, China Daily reported Nov. 7, citing Rao Da, secretary-general of China Passenger Car Association.
Geely Automobile Holdings Ltd. (175 HK), the listed unit of China’s biggest automaker outside of state control, declined 1 percent to HK$2.90. Dongfeng Motor Group Co. (489 HK), a partner of Nissan Motor Co., gained 4 percent to HK$10.88.
Refiners: China has delayed raising fuel prices, Beijing News reported Nov. 7, citing a person at refiner China Petroleum & Chemical Corp. (386 HK) that it didn’t name. Two major oil companies received notices from the National Development and Reform Commission that the price change had been canceled, without giving a reason, the newspaper said.
China Petroleum, Asia’s biggest oil refiner, known as Sinopec, added 1.3 percent to HK$6.82. PetroChina Co. (857 HK), a Beijing-based refiner that’s the world’s most valuable company, climbed 1.7 percent to HK$9.84.
Foxconn International Holdings Ltd. (2038 HK): Goldman Sachs Group Inc. cut its rating on the stock to “sell” from “neutral.” Foxconn, the world’s biggest contract maker of mobile phones, dropped 2 percent to HK$7.36.
To contact the reporter on this story: Hanny Wan in Hong Kong at hwan3@bloomberg.net
Last Updated: November 8, 2009 20:31 EST
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