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Updated2024/12/12 15:10
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<H Shrs>HSI Closes Plunging 207 Pts; CN Developers Wane w/ SUNAC Sinking 27%
The HSI opened 185 points higher, peaking at 20,783 with a surge of 496 points in the early session. It then turned negative, once bottoming at 19,977 with a slump of 309 points ne...
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<H Shrs>HSI Closes Plunging 207 Pts; CN Developers Wane w/ SUNAC Sinking 27%
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The HSI opened 185 points higher, peaking at 20,783 with a surge of 496 points in the early session. It then turned negative, once bottoming at 19,977 with a slump of 309 points near the market close. It eventually ended the day down 207 points, or 1%, at 20,079. The HSCEI fell 88 points, or 1.2%, to close at 7,179. The HSTECH lost 52 points or 1.2%, closing at 4,349. The total market turnover for the day amounted to $191.26 billion.

Chinese developers were subdued. SUNAC (01918.HK)  -0.020 (-0.727%)    Short selling $90.62M; Ratio 7.631%   plans a top-up placing at a discount of nearly 20% to raise $1.19 billion in net proceeds. Its stock price plunged 27%. R&F PROPERTIES (02777.HK)  -0.040 (-2.381%)    Short selling $6.84M; Ratio 8.717%   and SHIMAO GROUP (00813.HK)  -0.010 (-0.769%)    Short selling $653.17K; Ratio 3.362%   plummeted 22% and 20%. CHINA JINMAO (00817.HK)  +0.010 (+0.870%)    Short selling $4.05M; Ratio 14.906%   , LONGFOR GROUP (00960.HK)  +0.200 (+1.767%)    Short selling $36.60M; Ratio 15.077%   , KWG GROUP (01813.HK)  -0.005 (-1.075%)   , SEAZEN (01030.HK)  +0.060 (+3.000%)    Short selling $3.94M; Ratio 8.242%   , CIFI HOLD GP (00884.HK)  0.000 (0.000%)    Short selling $164.54K; Ratio 1.516%   , AGILE GROUP (03383.HK)  +0.010 (+1.149%)   , CHINA VANKE (02202.HK)  +0.030 (+0.453%)    Short selling $14.68M; Ratio 6.378%   , and SINO-OCEAN GP (03377.HK)  0.000 (0.000%)   descended 13-17%. CHINA RES LAND (01109.HK)  +0.250 (+1.053%)    Short selling $66.46M; Ratio 19.194%   and CHINA OVERSEAS (00688.HK)  +0.080 (+0.584%)    Short selling $38.91M; Ratio 16.555%   sank 5.8% and 6.6%. Building material stocks ANGANG STEEL (00347.HK)  +0.020 (+1.242%)    Short selling $1.70M; Ratio 14.558%   , CNBM (03323.HK)  0.000 (0.000%)    Short selling $11.76M; Ratio 9.978%   , and MAANSHAN IRON (00323.HK)  +0.010 (+0.752%)    Short selling $639.96K; Ratio 4.116%   shed 5.6-6.6%.

Consumer stocks weakened. JIUMAOJIU (09922.HK)  +0.210 (+5.398%)    Short selling $9.72M; Ratio 3.308%   and XIABUXIABU (00520.HK)  +0.020 (+1.681%)   tumbled over 7%, while HAIDILAO (06862.HK)  +0.660 (+3.892%)    Short selling $118.91M; Ratio 18.839%   , CTG DUTY-FREE (01880.HK)  +4.050 (+7.598%)    Short selling $8.06M; Ratio 2.870%   , MIDEA GROUP (00300.HK)  -0.100 (-0.130%)    Short selling $180.75M; Ratio 50.503%   , and MNSO (09896.HK)  +2.050 (+4.486%)    Short selling $28.46M; Ratio 5.758%   slid 3.5-4.6%. Car stocks LI AUTO-W (02015.HK)  +1.800 (+2.032%)    Short selling $98.32M; Ratio 13.422%   , NIO-SW (09866.HK)  -0.900 (-2.413%)    Short selling $76.80M; Ratio 49.241%   , and GWMOTOR (02333.HK)  +0.460 (+3.412%)    Short selling $48.27M; Ratio 12.868%   slipped 3.9-5.2%. Pharmas PHARMARON (03759.HK)  +0.080 (+0.535%)    Short selling $4.68M; Ratio 6.991%   and TRAD CHI MED (00570.HK)  +0.020 (+0.851%)    Short selling $2.73M; Ratio 3.454%   lost 4.4% and 8.6%, while HANSOH PHARMA (03692.HK)  -0.120 (-0.645%)    Short selling $2.94M; Ratio 5.812%   and AKESO (09926.HK)  +2.650 (+4.190%)    Short selling $105.15M; Ratio 14.355%   gained over 3%.

As for techs, XIAOMI-W (01810.HK)  +1.150 (+3.777%)    Short selling $733.16M; Ratio 16.177%   climbed 1.8%, while BABA-W (09988.HK)  +1.800 (+2.088%)    Short selling $755.98M; Ratio 13.298%   , TENCENT (00700.HK)  +5.800 (+1.415%)    Short selling $1.42B; Ratio 14.496%   , JD-SW (09618.HK)  -1.200 (-0.805%)    Short selling $559.95M; Ratio 23.740%   , and BIDU-SW (09888.HK)  +2.100 (+2.456%)    Short selling $75.29M; Ratio 10.559%   edged down less than 1%. MEITUAN-W (03690.HK)  +1.900 (+1.138%)    Short selling $1.08B; Ratio 16.165%   , KUAISHOU-W (01024.HK)  +1.150 (+2.468%)    Short selling $197.79M; Ratio 9.679%   , and NTES-S (09999.HK)  +1.700 (+1.135%)    Short selling $100.02M; Ratio 9.472%   slipped 1.7-2.5%. BILIBILI-W (09626.HK)  +6.300 (+4.054%)    Short selling $103.11M; Ratio 11.895%   cascaded 3.8%. In addition, CHINASOFT INT'L (00354.HK)  +0.110 (+2.072%)    Short selling $7.45M; Ratio 5.488%   and KINGDEE INT'L (00268.HK)  -0.200 (-2.088%)    Short selling $70.69M; Ratio 17.417%   hiked over 3%, while PA GOODDOCTOR (01833.HK)  +0.590 (+9.516%)    Short selling $66.80M; Ratio 11.927%   , WEIMOB INC (02013.HK)  -0.010 (-0.617%)    Short selling $6.84M; Ratio 5.874%   , and ALI HEALTH (00241.HK)  +0.060 (+1.617%)    Short selling $55.09M; Ratio 25.740%   cratered over 4%. TME-SW (01698.HK)  -1.850 (-3.787%)    Short selling $205.69K; Ratio 4.339%   slumped 8.1%.

Chinese insurer CHINA LIFE (02628.HK)  +0.200 (+1.299%)    Short selling $88.38M; Ratio 8.468%   forecasted its 1-3Q net profit to grow 1.65-1.85 times YoY. Its stock price opened rallying over 6% and closed up 0.4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-12 16:25.)

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