HONG KONG, March 25 (Reuters) - Hong Kong shares recovered
some of last week's losses on Monday, as investors cheered a
Cyprus bailout deal and relatively positive 2012 earnings from
Chinese oil majors.
The Hang Seng Index closed up 0.6 percent at 22,251.2
after declining 1.9 percent over the previous week. The China
Enterprises Index of the top Chinese listings in Hong
Kong rose 0.8 percent.
The CSI300 of the leading Shanghai and Shenzhen
A-share listings closed down 0.2 percent after jumping 3.1
percent last week. The Shanghai Composite Index slipped
* CNOOC jumped 4.2 percent, while China Petroleum
and Chemical Corp (Sinopec) rose 2.7 percent after
both posted 2012 net profits that were broadly in line with
market expectations. Helping the shares were Monday's higher oil
prices. Sinopec also announced a venture with its parent company
to buy $3 billion worth of oil and gas assets held by the latter
in a bid to improve its profitability.
* China Construction Bank, which reported results
on Sunday, rose 2.3 percent. In 2012, the country's
second-largest lender had its slowest annual profit growth as a
public listed company, a result broadly in line with market