HSI soars 314 pts, led by home builders
2014/08/11 16:14
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Along with the rally in Wall Street, Hang Seng Index posted a daily gain of 314 pts, or 1.3%, to 24646, reclaiming the 10MA. Meanwhile, China Enterprises Index closed at 11037, up 205 pts, or 1.9%. The turnover amounted to $65.708 billion.

HK property sector advanced as the property price hit record high. HENDERSON LAND (00012.HK)  +2.250 (+4.752%)     Short selling $29.78M; Ratio 14.200%     soared 4.8%; SINO LAND (00083.HK)  +0.360 (+2.703%)     Short selling $16.36M; Ratio 21.666%     and CHEUNG KONG (00001.HK)  +3.800 (+2.716%)     Short selling $11.46M; Ratio 2.254%     jumped approximately 2.7%; NEW WORLD DEV (00017.HK)  +0.130 (+1.370%)     Short selling $5.74M; Ratio 6.255%     perked up 1.4%; WHARF HOLDINGS (00004.HK)  +0.800 (+1.348%)     Short selling $46.53M; Ratio 11.458%     rose 1.3% as results met estimates.

Mainland property developers also posted gain as Fitch sees relaxed purchase limitation. CHINA RES LAND (01109.HK)  +0.960 (+5.701%)     Short selling $30.19M; Ratio 7.164%     led the gainer by rising 5.7%; CHINA OVERSEAS (00688.HK)  +0.700 (+3.111%)     Short selling $104.57M; Ratio 20.784%     and CHINA VANKE (02202.HK)  +0.600 (+3.901%)     Short selling $42.79M; Ratio 14.654%     added 3.1% and 3.9%; SHIMAO PROPERTY (00813.HK)  +0.760 (+4.600%)     Short selling $7.31M; Ratio 2.928%     and SUNAC (01918.HK)  +0.570 (+9.268%)     Short selling $34.16M; Ratio 10.130%     increased 4.6% and 9.3%.

TENCENT (00700.HK)  +2.500 (+1.926%)     Short selling $457.98M; Ratio 19.754%     climbed 1.9% to $132.3 ahead of interim result announcement on 13 August. LENOVO GROUP (00992.HK)  +0.040 (+0.362%)     Short selling $58.46M; Ratio 15.771%     edged up 0.4% before the result release on 14 August.

IGG (08002.HK)  +1.250 (+29.621%)     Short selling $73.60K; Ratio 0.017%    , swinging its results into a profit, rocketed 29.6%. Its peers BOYAA (00434.HK)  +0.960 (+10.549%)     Short selling $724.09K; Ratio 0.702%     FORGAME (00484.HK)  +0.940 (+5.154%)     Short selling $1.10M; Ratio 4.163%     and V1 GROUP (00082.HK)  +0.010 (+1.389%)     Short selling $173.18K; Ratio 0.625%     were boosted up by 10.6%, 5.2% and 1.4%. 

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