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Hong Kong shares open higher on Dow milestone; China Molybdenum soars on debut


Published : Thu, 26 Apr 2007 03:32
By : Agencies
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HONG KONG (XFN-ASIA) - Share prices opened higher after the Dow Jones Industrial Average hit a milestone overnight as it swept past the 13,000 points level for the first time, dealers said.

China Molybdenum was in focus as it posted strong gains on its trading debut.

The Hang Seng Index opened up 135.71 points or 0.66 pct at 20,672.49.

China Molybdenum opened at 11.28 hkd, up 66 pct from its initial public offering price of 6.80 hkd.

(1 usd = 7.8 hkd)

leonora.walet@xfn.com

lw/rc

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