HSI Falls 253 pts; Financials WeakenHang Seng Index once tumbled up to 358 pts to 25,177 after opening down 134 pts this morning. The index last printed at 25,282, down 253 pts or 1%. Hang Seng China Enterprises Index fell 137 pts or 1.2% to 11,734. The market turnover amounted to $81.731 billion, less than $100 billion for five consecutive days.Hong Kong bourse traded with a narrowing turnover for consecutive days. HKEX (00388.HK) -6.200 (-2.715%)
Short selling $234.57M; Ratio 11.552%
once touched the session-low of $220 and closed down 2.7%. The local Tech shares generally headed south, dragged down by lower-than-expected results reported by Apple, IBM, and Yahoo. TENCENT (00700.HK) -2.100 (-1.341%)
Short selling $258.65M; Ratio 16.305%
dropped 1.3%. LENOVO GROUP (00992.HK) -0.240 (-2.589%)
Short selling $137.89M; Ratio 30.720%
also slid 2.6%. KINGSOFT (03888.HK) -0.850 (-3.712%)
Short selling $18.98M; Ratio 14.095%
and KINGDEE INT'L (00268.HK) -0.170 (-4.057%)
Short selling $15.03M; Ratio 10.702%
collapsed 3.7% and 4.1% respectively."Apple Concept" stocks were under pressure after iPhone sales missed estimates, with FIH (02038.HK) -0.180 (-3.982%)
Short selling $2.95M; Ratio 6.961%
, AAC TECH (02018.HK) -3.050 (-6.854%)
Short selling $118.09M; Ratio 48.585%
, COWELL (01415.HK) -0.530 (-7.840%)
and SUNNY OPTICAL (02382.HK) -0.620 (-3.429%)
Short selling $18.68M; Ratio 20.694%
down 4%, 6.9%, 7.8% and 3.4%, separately.Financials weakened as HSBC HOLDINGS (00005.HK) -0.700 (-0.988%)
Short selling $12.50M; Ratio 2.017%
receded 1% to $70.15 and AIA (01299.HK) -0.650 (-1.275%)
Short selling $56.02M; Ratio 6.166%
went down 1.3%. Chinese financials hit the soft spot across the broad. Four biggest banks declined by 0.8%-1.4%. PING AN (02318.HK) -0.700 (-0.719%)
Short selling $152.00M; Ratio 9.250%
and CHINA LIFE (02628.HK) -0.050 (-0.157%)
Short selling $159.48M; Ratio 15.066%
decreased 0.7% and 0.2% respectively. NCI (01336.HK) -1.400 (-3.608%)
Short selling $20.21M; Ratio 11.112%
and PICC GROUP (01339.HK) -0.160 (-3.678%)
Short selling $92.18M; Ratio 33.079%
plunged 3.6% and 3.7%.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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