Hang Seng Strong; Coal, Retail Upfront

The Hang Seng Index rose 1.61% to close at 21,587.06 on April 26, in main board trading volume of HK$56.69 billion. The Hang Seng China Enterprises Index, which tracks mainland-based companies listed in Hong Kong, gained 1.75%.

Shares of Yanzhou Coal Mining (NYSE:YZC, 1171.HK, 600188.SH) soared 7.17% Monday. The company announced 2009 earnings April 25 in which it predicted that average coal selling prices would rise in 2010. The company said it has signed domestic coal sales contracts and letters of intent amounting to 32.17 million tons so far this year. China Coal Energy (1898.HK, 601898.SH) and China Shenhua Energy (1088.HK, 601088.SH) rose 2.87% and 2.76%, respectively.

Retailers also soared Monday with sporting brands Li Ning (2331.HK) and Anta Sports (2020.HK) increasing 6.68% and 5.52% respectively, while electronics and home appliances retailer Gome (0493.HK) gained 3.04%.

Real estate shares gained today, with Henderson Land (0012.HK) up 4.27%, China Resources Land (1109.HK) growing 1.98% and Sun Hung Kai Properties (0016.HK) increasing 1.70%.

L'Occitane plans to issue 364.12 million shares priced at up to HK$15.08 per share in an initial public offering in Hong Kong under the ticker "0973.HK," the company announced April 26. Sany Heavy Industries (600031.SH) announced its board has voted to issue an IPO in Hong Kong equal to 15% of its existing share capital, China Securities News reported. Inner Mongolia Yitai Coal plans to list 15% of its share capital in Hong Kong after having completed series-A public financing worth RMB 23.12 billion at the end of March, finet.com reports. Swire Group (0019.HK) subsidiary Swire Properties started a road show for its Hong Kong IPO under which it hopes to raise up to RMB 20.71 billion, Sina reports.