Hang Seng Index eventually leaped 137 pts or 0.6% to 24,306 at close, with the day high at 24,419, Hang Seng China Enterprises Index fell 16 pts or 0.1% to 10,783. Market turnover increased $94.721 billion.
Heavyweight blue chips drove the market higher. As Alibaba is going to make its debut on the NYSE, TENCENT (00700.HK) +2.300 (+1.871%) Short selling $425.34M; Ratio 8.507% gained 1.9%; CHINA DONGXIANG (03818.HK) +0.030 (+1.765%) Short selling $6.67M; Ratio 6.489% , holding interest in Alibaba, closed higher by 1.8%.
Other software and mobile game stocks also advanced, with SINOSOFT TECH (01297.HK) +0.150 (+5.338%) and KINGDEE INT'L (00268.HK) +0.120 (+4.898%) Short selling $505.94K; Ratio 1.134% up 5.3% and 4.9% respectively. NETDRAGON (00777.HK) +0.600 (+4.431%) Short selling $859.18K; Ratio 6.779% , FORGAME (00484.HK) +1.220 (+7.673%) and BOYAA (00434.HK) +0.540 (+6.545%) also soared 4.4%, 7.7% and 6.5%.
Gaming stocks rebounded. SANDS CHINA LTD (01928.HK) +1.550 (+3.596%) Short selling $156.67M; Ratio 10.250% and GALAXY ENT (00027.HK) +1.500 (+3.009%) Short selling $84.94M; Ratio 9.362% ticked up 3.6% and 3%, respectively, both becoming top gainers among blue chips. HSBC HOLDINGS (00005.HK) +1.400 (+1.691%) Short selling $322.49M; Ratio 9.808% gained 1.7%. STANCHART (02888.HK) +1.400 (+0.903%) Short selling $23.05M; Ratio 31.119% and AIA (01299.HK) +1.000 (+2.395%) Short selling $200.03M; Ratio 14.620% also elevated 0.9% and 2.4%.
As iPhone 6 series were approved by the MIIT for launch in Mainland, CHINA MOBILE (00941.HK) +1.700 (+1.795%) Short selling $734.37M; Ratio 33.093% soared $1.8 and CHINA TELECOM (00728.HK) +0.020 (+0.418%) Short selling $65.57M; Ratio 8.097% moved up 0.4%, while CHINA UNICOM (00762.HK) -0.240 (-1.863%) Short selling $80.05M; Ratio 8.084% tumbled 1.9%.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-19 16:25.)
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