* HK shares advance 1.1 percent
* HKEx outperforms, gaining 4.2 pct in strong volume
* Casino operators jump after strong Macau revenue report
* China markets closed for public holiday (Updates to midday)
By Clement Tan
HONG KONG, April 4 (Reuters) - Hong Kong shares were higher on Monday in brisk trade, largely supported by financial majors as news of impending high-profile listings boosted investors bullishness on Hong Kong Exchanges and Clearing Ltd (HKEx) .
HKEx was up 4.2 percent by the midday trading break, extending a two-session winning streak.
The benchmark Hang Seng Index had gained 1.09 percent to 24,061.27. Hong Kong's main stock index gained 2.8 percent last week and finished the first quarter up 2.1 percent.
"HKEx looks fairly valued at the current price. There's still some room on the upside," said Alan Lam, Greater China equities analyst at Julius Baer. "We think it could reach 210 in the next 6-12 months."
Analysts said investor confidence could also be boosted by news of Glencore International AG's impending listing, tentatively scheduled for mid-April [ID:nLDE7300Z9][ID:nL3E7F11G0], as several others, including Prada [ID:nLDE72U1RX] look to do the same.
By midday, trading volume on the benchmark stood at three-fifths of its 30-day average, lagging HKEx, which recorded 2.4 times its 30-day moving average.
Macau casino operators also jumped on Monday after gaming revenue surged to a record high, blowing away concerns of a potential slowdown in the world's largest gaming market. [ID:nL3E7EV0CK]
Robust demand from gamblers from mainland China helped the former Portuguese colony post a total of 20.1 billion patacas ($2.5 billion) in March gaming revenue. [ID:nH9E7EL02A]
Wynn Macau Ltd , controlled by casino magnate Steve Wynn, jumped 9.1 percent, while U.S. billionaire Sheldon Adelson's Sands China Ltd had surged 7.8 percent.
"We see the recent correction as a good opportunity to accumulate," said Kenneth Fong, analyst at J.P. Morgan in Hong Kong, referring to Sands China's 6 percent correction after it said it was under investigation by the Hong Kong Securities and Futures Commission.
Markets in China are closed on Monday and Tuesday for a public holiday.
(Additional reporting by Farah Master; Editing by Chris Lewis)
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