HKEX (00388.HK) -1.500 (-0.846%) Short selling $83.38M; Ratio 9.671%
mentioned in its annual results report that the Shanghai-Hong Kong
Stock Connect was launched on 17 November 2014. In the period from 17
November to 31 December, Northbound and Southbound Trading achieved
daily average turnover of RMB5.584 billion and HK$929 million
respectively. As at 31 December 2014, there were 97 China Connect
Exchange participants and 63 Trade-through Exchange participants
registered to participate in Northbound Trading, while there were 89
members of the SSE registered to participate in Southbound Trading. The
total revenue and other income contributed from the Stock Connect during
2014 was approximately $68 million.
Shanghai Pechem (00338.HK) Trading Sell Last price: HK$2.43 Resistance: HK$2.60 Support: HK$2.27/2.13 Shanghai Pechem closed lower at HK$2.43 in a long dark candle yesterday, short of the 0.38x retracement level at HK$2.41. Given that the Slow Stochastics has breached the previous low and the MACD is under the centreline, the stock is likely to test the 0.5x retracement level at HK$2.27. If the stock breaches this support, it will then test the 0.62x retracement level of HK$2.13. Expected Timeframe: 2 weeks to 2 months Wisdom Group (01661.HK) Trading Sell Last price: HK$5.47 Resistance: HK$5.65 Support: HK$5.22/4.96 Wisdom Group gapped down to re-enter the moving average envelope yesterday on strong volume. With reference to the downside bias of both the Williams’ %R Indicator and the ROC, we expect the stock to test the moving average of the envelope at HK$5.22. If the stock crosses below the moving average of the ...
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