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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 $18.50M; Ratio 35.215%   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)  -0.250 (-0.328%)    Short selling $56.22M; Ratio 22.889%   , CK ASSET (01113.HK)  +0.100 (+0.317%)    Short selling $25.68M; Ratio 22.497%   and SWIREPROPERTIES (01972.HK)  -0.220 (-1.380%)    Short selling $9.04M; Ratio 17.753%   declined 2.5%-2.7%.

Chinese property stocks were generally soft, with CHINA VANKE (02202.HK)  -0.130 (-2.107%)    Short selling $29.13M; Ratio 10.489%   and LONGFOR GROUP (00960.HK)  -0.040 (-0.372%)    Short selling $58.24M; Ratio 26.555%   down 3.2% and 4%, while CHINA RES LAND (01109.HK)  -0.150 (-0.664%)    Short selling $90.60M; Ratio 17.334%   , GREENTOWN CHINA (03900.HK)  -0.060 (-0.658%)    Short selling $8.10M; Ratio 16.253%   and YUEXIU PROPERTY (00123.HK)  -0.060 (-1.091%)    Short selling $13.33M; Ratio 11.829%   retreated 2.4% to 2.8%.

BABA-SW (09988.HK)  +0.600 (+0.743%)    Short selling $1.08B; Ratio 12.034%   dropped 0.1% to $71.85 as officials dismissed rumours that it is selling Hema and RT-Mart to COFCO. SUNART RETAIL (06808.HK)  +0.020 (+0.943%)    Short selling $1.76M; Ratio 12.101%   , which operates RT-Mart, surged 6.2%. EAST BUY (01797.HK)  +0.400 (+2.903%)    Short selling $12.08M; Ratio 10.990%   lost 2.7% after it promised advanced refunds for products made with lymphatic meat. JD-SW (09618.HK)  -1.500 (-1.091%)    Short selling $691.79M; Ratio 28.163%   shares lifted 2.7% after dropping its bid for Currys.

In other tech stocks, TENCENT (00700.HK)  -2.400 (-0.599%)    Short selling $1.22B; Ratio 17.727%   mounted 2% to $289.6, MEITUAN-W (03690.HK)  -1.800 (-1.077%)    Short selling $1.15B; Ratio 26.621%   and BIDU-SW (09888.HK)  +1.550 (+2.022%)    Short selling $592.08M; Ratio 28.397%   gained 0.6% and 0.4%, XIAOMI-W (01810.HK)  -0.250 (-0.876%)    Short selling $1.49B; Ratio 20.180%   and KUAISHOU-W (01024.HK)  +0.800 (+1.804%)    Short selling $691.75M; Ratio 26.154%   lifted 1.2% and 2.2%, and NTES-S (09999.HK)  -0.900 (-0.660%)    Short selling $226.35M; Ratio 25.785%   waned 2.2%. CHINASOFT INT'L (00354.HK)  -0.070 (-1.294%)    Short selling $6.33M; Ratio 3.450%   , XD INC (02400.HK)  -0.800 (-3.299%)    Short selling $22.92M; Ratio 8.642%   and TME-SW (01698.HK)  +1.850 (+4.258%)    Short selling $88.94K; Ratio 2.727%   climbed 4% to 4.8%, PA GOODDOCTOR (01833.HK)  -0.060 (-0.425%)    Short selling $33.94M; Ratio 24.591%   and CHINA LIT (00772.HK)  +0.100 (+0.400%)    Short selling $13.19M; Ratio 15.018%   inclined more than 3%, and MEITU (01357.HK)  -0.060 (-1.858%)    Short selling $42.71M; Ratio 8.664%   rocketed 15.9%.

New assessment methods for DONGFENG GROUP (00489.HK)  -0.070 (-1.892%)    Short selling $49.77M; Ratio 15.464%   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)  -0.060 (-0.450%)    Short selling $52.55M; Ratio 12.928%   ascended 5%, while CITIC SEC (06030.HK)  -0.200 (-0.928%)    Short selling $147.77M; Ratio 22.640%   , CGS (06881.HK)  -0.090 (-1.288%)    Short selling $51.98M; Ratio 9.862%   and GF SEC (01776.HK)  -0.060 (-0.554%)    Short selling $20.51M; Ratio 19.137%   lifted 2.6%-3.7%.

GCL TECH (03800.HK)  +0.010 (+0.769%)    Short selling $126.05M; Ratio 18.891%   '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 2024-11-22 16:25.)

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