Telecom giants out perform the market today

China Mobile (Hong Kong) Ltd. (0941) and China Unicom Ltd. (0762), the nation's two largest mobile phone operators, rose for a third day as bargain hunters took note of their subscriber growth outlook and seek asylum in the aftermath of terrorist attacks in the U.S. At 3:18 p.m. local time, China Mobile shares were up 3.8 percent at HKD24.70. The turnover of HK$435.2 million rank 2nd in the market. The stock has gained 15 percent since the U.S. terrorist attacks on Sept. 11, while Hang Seng Index has fallen 5.3 percent since the incident. Unicom shares rose 1.2 percent to HKD8.30. Turnover was HKD87 million. The stock has fallen 8.8 percent since Sept. 11.

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