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Updated2024/11/25 09:58
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<H Shrs>HSI Ends Plunging 325 Pts; Tech & Domestic Demand Stocks Lackluster; SMIC Falls at Close
After surging over 700 points last Friday (18th), the Hong Kong stock market retreated today (21st). Opening 73 points lower, the HSI managed to peak at 20,845 with a rise of 41 po...
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<H Shrs>HSI Ends Plunging 325 Pts; Tech & Domestic Demand Stocks Lackluster; SMIC Falls at Close
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After surging over 700 points last Friday (18th), the Hong Kong stock market retreated today (21st). Opening 73 points lower, the HSI managed to peak at 20,845 with a rise of 41 points in the early session. But with a slump of 381 points, it bottomed at 20,423 near the market close. It eventually ended the day down 325 points, or 1.6%, at 20,478. The HSCEI shed 131 points, or 1.8%, to close at 7,340. The HSTECH slid 108 points, or 2.4%, closing at 4,491. The total market turnover for the day was $195.563 billion.

Techs waned across the board. TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.22B; Ratio 17.727%   , BABA-W (09988.HK)  -0.500 (-0.620%)    Short selling $1.08B; Ratio 12.034%   , MEITUAN-W (03690.HK)  +0.500 (+0.299%)    Short selling $1.15B; Ratio 26.621%   , JD-SW (09618.HK)  -2.500 (-1.818%)    Short selling $691.79M; Ratio 28.163%   , and BIDU-SW (09888.HK)  +0.850 (+1.109%)    Short selling $592.08M; Ratio 28.397%   descended 2.3-2.7%. KUAISHOU-W (01024.HK)  +1.450 (+3.269%)    Short selling $691.75M; Ratio 26.154%   and NTES-S (09999.HK)  -1.600 (-1.173%)    Short selling $226.35M; Ratio 25.785%   sagged 3.2% and 3.9%, while XIAOMI-W (01810.HK)  +0.300 (+1.051%)    Short selling $1.49B; Ratio 20.180%   faded 1.2%.

In addition, WEIMOB INC (02013.HK)  +0.020 (+1.274%)    Short selling $13.93M; Ratio 12.528%   and KINGSOFT CLOUD (03896.HK)  +0.460 (+13.490%)    Short selling $97.59M; Ratio 10.318%   drooped 3.5% and 3.9%, while AAC TECH (02018.HK)  +1.600 (+4.672%)    Short selling $76.65M; Ratio 13.315%   , SENSETIME-W (00020.HK)  0.000 (0.000%)    Short selling $132.81M; Ratio 14.106%   , NEW ORIENTAL-S (09901.HK)  +1.350 (+3.058%)    Short selling $73.02M; Ratio 35.642%   , CHINASOFT INT'L (00354.HK)  0.000 (0.000%)    Short selling $6.33M; Ratio 3.450%   , and GDS-SW (09698.HK)  +0.520 (+2.938%)    Short selling $13.94M; Ratio 21.847%   dived 4.2-4.7%. SMIC (00981.HK)  -0.200 (-0.798%)    Short selling $653.79M; Ratio 18.387%   eventually fell 2.1% at the market close.

Consumer and domestic demand stocks faltered generally. JIUMAOJIU (09922.HK)  -0.020 (-0.654%)    Short selling $10.33M; Ratio 15.486%   reported a 10.3-32.5% decline in same-store daily sales for its main brand in 3Q. Its stock price sank 7.2%. SA SA INT'L (00178.HK)  +0.010 (+1.538%)   expected interim net profit to fall about 65-69% YoY. Its stock price tumbled 6.8%. AIR CHINA (00753.HK)  +0.200 (+4.090%)    Short selling $22.79M; Ratio 10.000%   , CHINA RES BEER (00291.HK)  +0.200 (+0.769%)    Short selling $29.08M; Ratio 16.107%   , YUM CHINA (09987.HK)  +9.645 (+2.736%)    Short selling $37.15M; Ratio 10.561%   , HISENSE HA (00921.HK)  +0.500 (+2.217%)    Short selling $5.79M; Ratio 15.974%   , and TRIP.COM-S (09961.HK)  +2.000 (+0.400%)    Short selling $146.03M; Ratio 16.761%   slipped 2.8-3.6%. MNSO (09896.HK)  +0.150 (+0.467%)    Short selling $25.16M; Ratio 7.806%   gained 4.5%. Car stocks GWMOTOR (02333.HK)  +0.080 (+0.638%)    Short selling $48.41M; Ratio 20.204%   and NIO-SW (09866.HK)  +2.200 (+6.120%)    Short selling $57.30M; Ratio 45.857%   lost 3.4% and 6.1%.

Pharma stocks TRAD CHI MED (00570.HK)  +0.020 (+0.922%)    Short selling $18.24M; Ratio 10.347%   plummeted 35.1% as Sinopharm Common Wealth's privatization proposal lapsed. CMS (00867.HK)  +0.030 (+0.408%)    Short selling $2.78M; Ratio 6.604%   , AKESO (09926.HK)  +2.500 (+3.463%)    Short selling $24.55M; Ratio 4.345%   , LUYE PHARMA (02186.HK)  0.000 (0.000%)    Short selling $6.89M; Ratio 18.118%   , and HANSOH PHARMA (03692.HK)  +0.080 (+0.432%)    Short selling $57.15M; Ratio 26.904%   also waned over 3%.

In the financial sector, HSBC HOLDINGS (00005.HK)  -0.050 (-0.070%)    Short selling $286.57M; Ratio 32.160%   edged down 0.3%, while HKEX (00388.HK)  +0.800 (+0.280%)    Short selling $616.03M; Ratio 18.210%   and AIA (01299.HK)  +1.000 (+1.771%)    Short selling $487.85M; Ratio 21.150%   shed 1.6% and 2.2%. As its subsidiary Ping An Bank logged a 2.8% decline in 3Q profit, PING AN (02318.HK)  +0.200 (+0.447%)    Short selling $489.30M; Ratio 18.163%   slipped 1.8%.

Chinese banks CM BANK (03968.HK)  -0.200 (-0.571%)    Short selling $122.04M; Ratio 18.458%   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $446.49M; Ratio 42.611%   , BANKCOMM (03328.HK)  +0.010 (+0.173%)    Short selling $51.36M; Ratio 44.808%   , ICBC (01398.HK)  +0.020 (+0.437%)    Short selling $488.57M; Ratio 32.063%   , and PSBC (01658.HK)  0.000 (0.000%)    Short selling $58.09M; Ratio 18.363%   sagged 1.7-2.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-22 16:25.)

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