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HSI Falls 1% as CATL (03750.HK) Plunges Nearly 7% on Share Placement; XIZHI TECH-P (01879.HK) Debut Sought After
CATL (03750.HK) raised net proceeds of over HKD39.11 billion through a share placement at a 7% discount, while Hong Kong stocks extended losses today (28th). Iran peace talks have ...
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HSI Falls 1% as CATL (03750.HK) Plunges Nearly 7% on Share Placement; XIZHI TECH-P (01879.HK) Debut Sought After
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CATL (03750.HK)  -46.500 (-6.884%)    Short selling $4.34B; Ratio 49.427%   raised net proceeds of over HKD39.11 billion through a share placement at a 7% discount, while Hong Kong stocks extended losses today (28th). Iran peace talks have stalled. Overnight (27th), the DJIA and Nasdaq slipped 0.1% and 0.2%, respectively. At the time of writing, the US 2-year Treasury yield rose to 3.822%, and the US 10-year Treasury yield climbed to 4.358%. The US dollar index advanced to 98.65. DJIA futures last rose 83 points or 0.17%, while Nasdaq futures fell 102 points or 0.37%. The Bank of Japan kept its policy rate unchanged at 0.75% as expected and sharply raised its inflation forecast for the current fiscal year to 2.8%. Japanese stocks fell 1% for the day. The Shanghai Composite Index closed down 7 points or 0.19% at 4,078, while the Shenzhen Component Index dropped 165 points or 1.1% to 14,830. The ChiNext Index fell 1.4%. Total turnover on the Shanghai and Shenzhen markets reached nearly RMB2.54 trillion.

The HSI opened 111 points lower and trended downward. Morning losses once narrowed to 28 points at 25,896, but widened to as much as 316 points in the afternoon, hitting a low of 25,609. The index closed at 25,679, down 245 points or 0.95%. The HSCEI closed at 8,644, down 111 points or 1.3%. The HSTECH closed at 4,827, down 112 points or 2.3%. Total market turnover amounted to HKD262.333 billion. Southbound trading turnover totaled HKD110.022 billion, with net inflow of HKD14.523 billion today (vs net outflow of HKD4.092 billion in the previous trading day).

Related NewsBOCI Lists Changes in Southbound Funds' Holdings of Active Stocks YTD (Table)
BABA-W (09988.HK)  -3.700 (-2.842%)    Short selling $1.09B; Ratio 13.197%   fell 2.8% to HKD126.5 after receiving approval from the Stock Exchange to spin off its Jiaxing park for listing on the Shenzhen Stock Exchange. TENCENT (00700.HK)  -4.800 (-1.003%)    Short selling $1.11B; Ratio 9.827%   slipped 1%. MEITUAN-W (03690.HK)  -1.550 (-1.894%)    Short selling $628.07M; Ratio 27.066%   , JD-SW (09618.HK)  -1.700 (-1.453%)    Short selling $421.50M; Ratio 46.695%   and BIDU-SW (09888.HK)  -2.400 (-1.909%)    Short selling $263.15M; Ratio 33.891%   declined 1.5% to 1.9%. In addition, CHINAHONGQIAO (01378.HK)  -1.700 (-4.852%)    Short selling $818.40M; Ratio 32.208%   proposed issuing convertible bonds at a 25.3% premium to raise USD1.47 billion, with its shares falling 4.9% for the day. SUNNY OPTICAL (02382.HK)  -4.150 (-6.231%)    Short selling $322.79M; Ratio 39.335%   slid 6.2%.

CATL Slides on Placement; WUXI APPTEC Strong

"Ning Wang" CATL (03750.HK)  -46.500 (-6.884%)    Short selling $4.34B; Ratio 49.427%   tumbled 6.9% to HKD629, with turnover of HKD9.321 billion. CATL announced the placement of 62.385 million new H shares, representing about 28.58% of the enlarged H-share capital and about 1.36% of total issued shares. The placement price was HKD628.2 per share, about a 7% discount to yesterdays (27th) closing price of HKD675.5. Net proceeds amounted to approximately HKD39.11 billion, intended for global new energy project construction and zero-carbon business expansion, R&D investment, replenishment of working capital and other general corporate purposes, to accelerate its global zero-carbon strategy and support long-term sustainable development. CLSA said in a research report that the placement helps remove market uncertainty over timing. It expects final dilution to be less than 2% and anticipates a positive market reaction. The broker reiterated its Conviction List Buy rating with a TP of HKD820.

Related News JPM: CATL (03750.HK) Super Tech Day Sets New Industry Standards; Top Pick in Sector
WUXI APPTEC (02359.HK)  +17.100 (+13.571%)    Short selling $430.80M; Ratio 14.925%   surged 13.6% to HKD143.1 after announcing its 1Q results, making it the top-performing blue chip, with turnover of HKD3.017 billion. G Sachs noted that WUXI APPTEC delivered strong 1Q results, with revenue and profit far exceeding its and market expectations. Revenue rose 28.8% YoY to RMB12.44 billion, while revenue from continuing operations increased 39.4% YoY, mainly driven by 43.7% YoY growth in its chemistry business and 27.4% YoY growth in testing services. The broker set a TP of HKD149.7 for its H shares, rated Buy, and placed it on the Conviction List.

1,300 Stocks Decline; XIZHI TECH-P Sought After

Market breadth weakened, with the ratio of advancers to decliners on the Main Board at 18 to 33 (vs 22 to 28 the previous day). A total of 1,383 stocks fell (2.7%). Among HSI constituents, 28 stocks rose and 61 fell, with an advancer-to-decliner ratio of 31 to 68 (vs 40 to 59 the previous day). Short selling amounted to HKD48.788 billion, accounting for 23.669% of turnover of HKD206.125 billion in shortable stocks.

Related News G Sachs' Investment Ratings and TPs on Mainland Healthcare Sector
Optoelectronic hybrid computing power supplier XIZHI TECH-P (01879.HK)  +702.800 (+383.624%)   debuted today, opening at HKD880, 380.3% higher than its listing price of HKD183.2. It hit a high/low of HKD996/HKD807 and closed at HKD886, up 383.6% from the listing price, with full-day turnover of HKD7.872 billion. Excluding fees, a board lot of 15 shares generated a book gain of HKD10,542.

XIZHI TECH-P recorded 5,784.70x subscription in the Hong Kong public offering. The one-lot (15 shares) success rate was 6%, with subscription of 30,000 shares securing one lot. Under the clawback mechanism, public offer shares increased to 2.0692 million, representing 20% of the total offer. The international placing was 53.83x oversubscribed. The final offer price was set at the top end at HKD183.2, with net proceeds of HKD2.377 billion. Twenty cornerstone investors, including Alibaba Investment, GIC, Baillie Gifford, BlackRock, Temasek, Lenovo, ZTE (Hong Kong) and Jinglin, subscribed collectively.



Related NewsG Sachs: Mainland CDMO Sector Remains Resilient, Favors Wuxi AppTec (02359.HK), Asymchem (06821.HK) and Others
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.


HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 16:25

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