Hong Kong shares give up gains

Hong Kong stocks changed course Friday afternoon and lost 1 percent on Friday, as a rebound on Thursday and in morning trade prompted profit-taking. The Hang Seng index fell 1.04 percent, to 21,612.39, while the China Enterprises Index lost 1.1 percent, to 9,750.73 points. The index lost 3.6 percent for the week, its sixth consecutive weekly fall. "Investor confidence remains shaky," said Dominic Chan, analyst at GF Securities in Hong Kong.
Among the most actively traded stocks on Hong Kong's main board were Ngaishun Hold, up 36.7 percent to HK$0.04 North Mining, up 11.2 percent to HK$0.10 and CCT Land, unchanged at HK$0.02. Total trading volume of companies included in the HSI index was 3.1 billion shares.