HONG KONG, Jan 24 (Reuters) - The following stock was on the move on the Hong Kong exchange on Friday.
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HANG SENG INDEX DOWN 0.98 PCT AT 9,491 AT 0248 GMT
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**BYD STILL FALLING ON CAR MAKER ACQUISITION PLAN**
Chinese battery maker BYD Co Ltd down 13.15 percent to HK$12.55, adding to a near 20 percent plunge on Thursday as investors gave the thumbs down to the company's plans to enter China's highly competitive car sector.
BYD said on Thursday it would buy a state-owned Chinese car maker, Xian Zhen Chuan Automobile Ltd, to fit in with its strategy to produce rechargeable batteries for electric motor vehicles. But analysts were skeptical about the move, saying it was a risk for BYD to move away from its core business and that the battery maker did not necessarily have the management expertise to run a car company.
0258 GMT