HSI ends down 9 pts at 22,488; turnover at HK$61.4bn

    HK stocks closed virtually unchanged on Thursday in volatile trade. The US equity markets closed flat overnight ahead of Thanksgiving holiday, but the benchmark index opened up 251 points at 22,749, driven by 500-point gains in futures market. It briefly rose as much as 289 points to 22,787. But it staged intra-day reversal in afternoon trade.
  The Hang Seng Index ended down 9 points or 0.04% to 22,488. The H-share index fell 19 points or 0.2% to 10,108. Turnover reduced slightly to HK$61.4 billion from HK$64.8 billion on Wednesday.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB12.33 billion, accounting for 94.8% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB10.208 billion, accounting for 97.1% of the daily allowed quota of RMB10.5 billion.
  Kunlun Energy (00135) and PetroChina (00857) soared 3% and 0.4% to HK$6.94 and HK$5.75 after PetroChina agreed to sell Kunlun Gas to Kunlun Energy, which was the top blue-chip winner today.
  Both HKEx (00388) and Tencent (00700) softened 0.5% to HK$209 and HK$157.6 respectively.
  Cathay Pacific (00293) fell 2% to HK$14.22. It was the worst blue-chip performer in the day. The local carrier has fallen for four consecutive trading days.  
  BYD (01211) slid 6% to HK$41.55 after Morgan Stanley's target price downgrade from HK$60 to HK$45. Other Chinese auto makers were also pressured. Dongfeng Motor (00489) and BAIC (01958) slipped 1.8% and 1.5% to HK$10.72 and HK$7.86. 
  Goldman Sachs initiated coverage on Sinotrans (00598) with a "buy" rating, and target price of HK$6.3. The stock ended up 6% to HK$4.79.