-

                                      HSI Falls 116 pts; Domestic Stocks Soften

 The U.S. stocks retreated. Hang Seng Index opened down 215 pts or 1% this morning but it saw support at the level of 21,600. The index once rebounded but turned down again after the midday. It last stood at 21,755, down 116 pts or 0.5%. Hang Seng China Enterprises Index dropped 32 pts or 0.3% to 9,634. The turnover increased by $20 billion in the last ten minutes of trading hours today and the full-day amount was $74.855 billion.

Heavyweight HSBC HOLDINGS (00005.HK)  -0.300 (-0.485%)    Short selling $112.44M; Ratio 13.613%   and CHINA MOBILE (00941.HK)  -1.000 (-1.122%)    Short selling $108.63M; Ratio 7.532%   slid 0.5% and 1.1%. AIA (01299.HK)  -0.450 (-0.955%)    Short selling $180.33M; Ratio 18.483%   declined 1% to $46.55. It was reported that Temasek was willing to give STANCHART (02888.HK)  +1.900 (+3.072%)    Short selling $21.78M; Ratio 4.553%   more time for results improvement. The bank leaped 3% to $63.75 after soaring more than 8% on the previous day. TENCENT (00700.HK)  -0.300 (-0.198%)    Short selling $264.91M; Ratio 9.570%   gave up 0.2% to $151.3.

Chinese banks traded mixed. CCB (00939.HK)  -0.020 (-0.377%)    Short selling $163.39M; Ratio 11.186%   fell 0.4% while ICBC (01398.HK)  +0.010 (+0.214%)    Short selling $200.74M; Ratio 12.408%   added 0.2%. ABC (01288.HK)  +0.120 (+3.922%)    Short selling $241.00M; Ratio 14.541%   advanced 3.9%, being the best performing red chip. CHINA VANKE (02202.HK)  +0.450 (+2.004%)    Short selling $117.08M; Ratio 25.792%   's A/H-shares suspended their trading in the afternoon. The stock perked up 2% before trading suspension.

New York oil prices fell below US$35 a barrel. Three major oil stocks slumped 1.7%-2.1%. CHINA SHENHUA (01088.HK)  -0.280 (-2.393%)    Short selling $27.70M; Ratio 13.929%   's coal production in November decreased 6.7%. The stock plumped 2.4%. The decrease in blue chip domestic stocks widened. TINGYI (00322.HK)  -0.460 (-4.315%)    Short selling $24.52M; Ratio 22.580%   , HENGAN INT'L (01044.HK)  -2.550 (-3.391%)    Short selling $116.81M; Ratio 44.873%   and MENGNIU DAIRY (02319.HK)  -0.360 (-2.740%)    Short selling $31.26M; Ratio 29.956%   drifted lower 4.3%, 3.4% and 2.7% respectively. They were the best performing blue chips today.

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by...
Read more
-
Image
Business receipts in value terms of most of the major service industries showed increases of different magnitudes in the second quarter of 2014 when compared with the second quarter of 2013, according to the provisional figures of business receipts indices released today (September 11) by the Census and Statistics Department (C&SD). Comparing the second quarter of 2014 with the second quarter of 2013, double-digit increases were recorded in business receipts of the real estate (+20.7%); insurance (+18.9%); courier (+11.8%); administrative and support services (+10.2%); and warehousing and storage (+10.0%) industries. On the other hand, the retail industry recorded a more noticeable decrease (-7.0%) in business receipts during the same period. Analysed by service domain, business receipts of the tourism, convention and exhibition services domain decreased by 7.5%, whereas those of the computer and information technology services domain increased by 1.1% during the...
Read more
-
Image
HSBC HOLDINGS Further Expands Mainland Biz; Sets up 24 China Desks Stuart Gulliver, chief executive officer of HSBC HOLDINGS (00005.HK)    -1.550 (-1.855%)       Short selling $345.90M; Ratio 13.050%      , said in 2017 results announcement that the Group’s business mix is more oriented towards Asia, improving its ability to channel the economic and social changes taking place within the world’s fastest growing region. The bank continued to expand its presence in mainland China with the launch of new retail banking products and increased lending in the Pearl River Delta. HSBC now have a total of 24 China desks aimed at supporting Chinese businesses with global outbound ambitions, 20 of which are along the ‘Belt and Road’ routes. 
Read more