* China Mobile shares down 3.6 pct at 0242 GMT (Adds broker comments and details)

HONG KONG, Sept 8 (Reuters) - Shares in China Mobile Ltd fell3.6 percent on Wednesday after Vodafone Group Plc disposed of its3.2 percent stake in the country's largest mobile carrier for$6.5 billion.

Analysts said Vodafone's share sale came a bit earlier thanexpected, but it removed an overhang on the stock.

China Mobile shares opened down 4.15 percent and pared lossedto 3.6 percent at 0242 GMT at HK$79.05, slightly below Vodafone'sselling price of HK$79.20.

"There is some selling pressure on the stock, but it shouldsee good support at around HK$79," said Alfred Chan, chief dealerof Cheer Pearl Investment Ltd.

Vodafone, the world's largest telecommunications operator byrevenue, was selling 642.9 million China Mobile shares at a 3.4percent discount to the stock's last close of HK$82 on Tuesday, aselling document showed.

"The book just closed at 9 am (Hong Kong time) and stockallocation is still going," a banking source told Reuters.

There will be more than one buyer, he said but declined toidentify them.

The sale, soon after a lock-up period on the stake expired,was part of Vodafone's new strategy to exit non-strategicminority investments. (Reporting by Kennix Chim and Alison Leung; Editing by KenWills)