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On the last trading day of the Year of the Horse, Hang Seng Index opened up 51 pts at 24,836 and mounted 86 pts at most amid a range-bound trade. It closed at 24,832, up 47 pts or 0.19%. Hang Seng China Enterprises Index advanced 67 pts or 0.56% to 12,066 at close. Market turnover amounted to $28.935 billion. The cumulative gain of 2014 for HSI and HSCEI was 2,797 pts (12.7%) and 2,248 pts (22.9%) respectively.

Following the merger rumors regarding mainland oil companies, SINOPEC CORP (00386.HK)  +0.290 (+4.655%)    Short selling $70.42M; Ratio 3.304%   climbed 4.7% to $6.52 and became the best-performing stocks among blue chips and HSCEI constituents. PETROCHINA (00857.HK)  +0.270 (+3.100%)    Short selling $96.25M; Ratio 6.737%   escalated 3.1% and CNOOC (00883.HK)  +0.300 (+2.708%)    Short selling $25.64M; Ratio 2.891%   perked up 2.7%. KUNLUN ENERGY (00135.HK)  +0.130 (+1.686%)    Short selling $14.49M; Ratio 16.652%   headed north 1.7%. CHINA OILFIELD (02883.HK)  +0.140 (+1.146%)    Short selling $31.66M; Ratio 16.372%   lifted 1.1%. Shares associated with Sinopec were also higher, with YIZHENG CHEM (01033.HK)  +0.170 (+7.083%)    Short selling $117.14K; Ratio 0.266%   , SHANGHAI PECHEM (00338.HK)  +0.070 (+2.979%)    Short selling $554.94K; Ratio 1.873%   , SINOPEC SEG (02386.HK)  +0.150 (+2.381%)    Short selling $6.91M; Ratio 16.425%   , and SINOPEC KANTONS (00934.HK)  +0.120 (+2.058%)    Short selling $933.22K; Ratio 6.124%   leaping 7.1%, 3%, 2.4% and over 2% respectively.

Heavy-weight stock TENCENT (00700.HK)  -0.900 (-0.688%)    Short selling $347.80M; Ratio 36.679%   declined 0.7% to $129.9 at midday. CHINA MOBILE (00941.HK)  -0.300 (-0.280%)    Short selling $141.51M; Ratio 20.947%   and HSBC HOLDINGS (00005.HK)  -0.100 (-0.139%)    Short selling $27.98M; Ratio 10.067%   underperformed, with a slide of 0.3% and 0.1% to $109.9 and $71.95 respectively.

Some Macau gaming stocks thrived ahead of the holiday. SANDS CHINA LTD (01928.HK)  +0.650 (+1.662%)    Short selling $67.15M; Ratio 24.442%   got a lift of 1.7%. MGM CHINA (02282.HK)  +0.280 (+1.458%)    Short selling $50.72M; Ratio 39.645%   ticked 1.5% higher. WYNN MACAU (01128.HK)  +0.300 (+1.268%)    Short selling $4.89M; Ratio 1.586%   added 1.3%

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