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Updated2024/11/14 11:29
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<Midday Wrap-up>HSI Retreats 312 pts; BIDU Rebounds, but CN Homebuilders & Consumers Weak
Hong Kong stocks followed the downward trend of the external market in the morning. HSI opened 186 points down, and closed falling 312 points or 1.9% to 15,904 at the half day. HSC...
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<Midday Wrap-up>HSI Retreats 312 pts; BIDU Rebounds, but CN Homebuilders & Consumers Weak
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Hong Kong stocks followed the downward trend of the external market in the morning. HSI opened 186 points down, and closed falling 312 points or 1.9% to 15,904 at the half day. HSCEI declined 100 points or 1.9% to 5,345, while HSTECH dropped 79 points or 2.3% to 3,324. Half-day turnover totalled $40.47 billion.

Chinese real estate stocks were under pressure. SUNAC (01918.HK)  -0.090 (-3.169%)    Short selling $14.43M; Ratio 1.146%   and SINO-OCEAN GP (03377.HK)  -0.005 (-1.471%)   crashed 8.9% and 8.1%, LONGFOR GROUP (00960.HK)  -0.640 (-5.229%)    Short selling $38.43M; Ratio 27.756%   , YUEXIU PROPERTY (00123.HK)  -0.030 (-0.493%)    Short selling $14.91M; Ratio 16.322%   and KWG GROUP (01813.HK)  -0.010 (-1.961%)   plummeted 6.1% to 7.1%, and CHINA JINMAO (00817.HK)  -0.030 (-2.609%)    Short selling $6.65M; Ratio 10.107%   descended 5.6%.

Country Garden Group expects to deliver over 480,000 homes in 2024. COUNTRY GARDEN (02007.HK)  0.000 (0.000%)   shed 5.6%, while the property manager from the same series CG SERVICES (06098.HK)  -0.050 (-0.919%)    Short selling $16.68M; Ratio 18.763%   tumbled 5%.

Consumer stocks also fell, with TINGYI (00322.HK)  +0.140 (+1.306%)    Short selling $37.05M; Ratio 33.827%   falling 5.8% and BUD APAC (01876.HK)  -0.100 (-1.256%)    Short selling $24.17M; Ratio 25.906%   decreasing 4.8%. HENGAN INT'L (01044.HK)  -0.250 (-1.099%)    Short selling $19.53M; Ratio 44.048%   , MENGNIU DAIRY (02319.HK)  -0.520 (-3.006%)    Short selling $78.93M; Ratio 20.745%   , LI NING (02331.HK)  -0.220 (-1.317%)    Short selling $114.56M; Ratio 27.667%   , SUNART RETAIL (06808.HK)  0.000 (0.000%)    Short selling $1.93M; Ratio 6.934%   , MNSO (09896.HK)  +0.250 (+0.726%)    Short selling $51.19M; Ratio 17.898%   and CTG DUTY-FREE (01880.HK)  -0.850 (-1.563%)    Short selling $14.90M; Ratio 14.435%   were each down more than 3%.

Electric car stocks BYD COMPANY (01211.HK)  -6.000 (-2.182%)    Short selling $327.32M; Ratio 25.665%   declined 1.3%, while LI AUTO-W (02015.HK)  -1.300 (-1.469%)    Short selling $175.43M; Ratio 12.330%   and NIO-SW (09866.HK)  -0.750 (-2.060%)    Short selling $106.05M; Ratio 50.329%   dropped more than 2%. Pharmaceuticals stocks CSPC PHARMA (01093.HK)  +0.010 (+0.190%)    Short selling $60.87M; Ratio 28.315%   and TRAD CHI MED (00570.HK)  +0.020 (+0.858%)    Short selling $6.48M; Ratio 7.267%   also lowered 3%. HEPALINK (09989.HK)  -0.060 (-1.415%)   received a letter of concern, demanding the establishment of a special working group to recover the funds lost in fraud. Its shares retreated 2.9% to $2.99.

BIDU-SW (09888.HK)  -1.400 (-1.682%)    Short selling $130.26M; Ratio 17.544%   clarified that it has not cooperated with academic paper authors or provided any customized services for the Chinese military, and its shares rebounded 1.5% in early session. BABA-SW (09988.HK)  -1.400 (-1.546%)    Short selling $1.15B; Ratio 20.109%   receded 2.4% after Douyin denied that it was acquiring Alibaba Digital Media & Entertainment Group. TENCENT (00700.HK)  +6.400 (+1.585%)    Short selling $1.03B; Ratio 9.061%   , MEITUAN-W (03690.HK)  -4.400 (-2.509%)    Short selling $1.16B; Ratio 18.667%   , XIAOMI-W (01810.HK)  -0.500 (-1.730%)    Short selling $1.06B; Ratio 25.736%   and JD-SW (09618.HK)  -6.200 (-4.372%)    Short selling $222.72M; Ratio 11.279%   descended 2.7% to 3.2%. NTES-S (09999.HK)  0.000 (0.000%)    Short selling $116.67M; Ratio 13.884%   and KUAISHOU-W (01024.HK)  -0.350 (-0.673%)    Short selling $350.31M; Ratio 15.650%   faltered 1.4% and 2.1%.

In addition, JD HEALTH (06618.HK)  -0.500 (-1.821%)    Short selling $31.52M; Ratio 14.639%   crumpled 6.7%. LENOVO GROUP (00992.HK)  -0.230 (-2.371%)    Short selling $54.92M; Ratio 11.840%   , SUNNY OPTICAL (02382.HK)  -1.250 (-2.238%)    Short selling $97.77M; Ratio 17.548%   , ALI HEALTH (00241.HK)  0.000 (0.000%)    Short selling $65.64M; Ratio 26.143%   and logistics stock JD LOGISTICS (02618.HK)  -1.080 (-6.827%)    Short selling $13.01M; Ratio 9.576%   also dropped over 4%.

The Baltic Dry Index dropped to a 4-month low. Shipping stocks SITC (01308.HK)  -0.900 (-4.063%)    Short selling $21.81M; Ratio 27.106%   and PACIFIC BASIN (02343.HK)  -0.040 (-1.942%)    Short selling $3.59M; Ratio 19.557%   waned 3% and 2.9%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-13 16:25.)

AAStocks Financial News

 
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