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<Midday Wrap-up>HSI Sheds Less than 1 pt; HLD Crashes Near 6%, while SUNART RETAIL Hikes 6%+
Hong Kong stocks were trading up and down in the morning, as the 3 major Chinese economic data beat expectations and the market is looking forward to this week's interest rate ...
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<Midday Wrap-up>HSI Sheds Less than 1 pt; HLD Crashes Near 6%, while SUNART RETAIL Hikes 6%+
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Hong Kong stocks were trading up and down in the morning, as the 3 major Chinese economic data beat expectations and the market is looking forward to this week's interest rate meetings by several central banks. HSI decremented less than 1 point to 16,720. HSCEI inclined 15 points or 0.3% to 5,836, while HSTECH ascended 17 points or 0.5% to 3,566.

Local property stocks are under pressure, with HENDERSON LAND (00012.HK)  0.000 (0.000%)    Short selling $15.85M; Ratio 25.384%   plummeting 5.8% in half a day. HLD's Square Mile Phase 5 in Tai Kok Tsui announced its first price list on Friday, with the discounted entry fee for the 1st batch of 60 units starting from $4.3736 million, 21.1% lower than that for the 1st batch of Phase 4 sold 2 years ago. SHK PPT (00016.HK)  0.000 (0.000%)    Short selling $91.32M; Ratio 39.582%   , CK ASSET (01113.HK)  0.000 (0.000%)    Short selling $16.71M; Ratio 14.165%   and SWIREPROPERTIES (01972.HK)  0.000 (0.000%)    Short selling $4.21M; Ratio 5.212%   declined 2.5%-2.7%.

Chinese property stocks were generally soft, with CHINA VANKE (02202.HK)  0.000 (0.000%)    Short selling $31.64M; Ratio 4.531%   and LONGFOR GROUP (00960.HK)  0.000 (0.000%)    Short selling $53.33M; Ratio 15.379%   down 3.2% and 4%, while CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $73.32M; Ratio 20.551%   , GREENTOWN CHINA (03900.HK)  0.000 (0.000%)    Short selling $20.45M; Ratio 9.058%   and YUEXIU PROPERTY (00123.HK)  0.000 (0.000%)    Short selling $21.54M; Ratio 13.382%   retreated 2.4% to 2.8%.

BABA-SW (09988.HK)  0.000 (0.000%)    Short selling $898.98M; Ratio 18.099%   dropped 0.1% to $71.85 as officials dismissed rumours that it is selling Hema and RT-Mart to COFCO. SUNART RETAIL (06808.HK)  0.000 (0.000%)    Short selling $167.36K; Ratio 2.376%   , which operates RT-Mart, surged 6.2%. EAST BUY (01797.HK)  0.000 (0.000%)    Short selling $21.12M; Ratio 7.725%   lost 2.7% after it promised advanced refunds for products made with lymphatic meat. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $98.95M; Ratio 8.707%   shares lifted 2.7% after dropping its bid for Currys.

In other tech stocks, TENCENT (00700.HK)  0.000 (0.000%)    Short selling $636.44M; Ratio 9.840%   mounted 2% to $289.6, MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $697.09M; Ratio 12.941%   and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $30.49M; Ratio 5.661%   gained 0.6% and 0.4%, XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $563.34M; Ratio 14.066%   and KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $509.54M; Ratio 14.124%   lifted 1.2% and 2.2%, and NTES-S (09999.HK)  0.000 (0.000%)    Short selling $52.23M; Ratio 6.504%   waned 2.2%. CHINASOFT INT'L (00354.HK)  0.000 (0.000%)    Short selling $32.68M; Ratio 7.818%   , XD INC (02400.HK)  0.000 (0.000%)    Short selling $13.83M; Ratio 22.796%   and TME-SW (01698.HK)  0.000 (0.000%)    Short selling $103.26K; Ratio 3.868%   climbed 4% to 4.8%, PA GOODDOCTOR (01833.HK)  0.000 (0.000%)    Short selling $13.90M; Ratio 15.475%   and CHINA LIT (00772.HK)  0.000 (0.000%)    Short selling $8.82M; Ratio 9.722%   inclined more than 3%, and MEITU (01357.HK)  0.000 (0.000%)    Short selling $8.10M; Ratio 4.609%   rocketed 15.9%.

New assessment methods for DONGFENG GROUP (00489.HK)  0.000 (0.000%)    Short selling $2.44M; Ratio 4.987%   and other central SOE carmakers are reportedly in the works. DONGFENG soared 16%.

The "T+1" arrangement for securities refinancing was officially implemented in the mainland. Brokerage stocks CICC (03908.HK)  0.000 (0.000%)    Short selling $166.80M; Ratio 15.931%   ascended 5%, while CITIC SEC (06030.HK)  0.000 (0.000%)    Short selling $446.53M; Ratio 28.263%   , CGS (06881.HK)  0.000 (0.000%)    Short selling $147.08M; Ratio 14.444%   and GF SEC (01776.HK)  0.000 (0.000%)    Short selling $38.26M; Ratio 16.817%   lifted 2.6%-3.7%.

GCL TECH (03800.HK)  0.000 (0.000%)    Short selling $160.02M; Ratio 15.556%   's profit crashed 84.3% last year, but the company launched a three-year share buyback or dividend plan totalling not less than RMB2.5 billion. Its share price hiked 5.4% in the first half of the day.


(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-05 16:25.)

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