-

HSI Falls 283 pts

 Hang Seng Index opened lower 233 pts or 1.2% this morning amid weak external markets and slumped up to 325 pts at the bottom of 19,195 in morning session. After midday, the benchmark index saw loss narrow to 19,439, yet the decline widen in the later session and finished the day trading down by 283 pts or 1.5% at 19,237. Hang Seng China Enterprises Index fell 101 pts or 1.2% to 8,134. The market turnover amounted to $75.026 billion.

Heavyweight HSBC HOLDINGS (00005.HK)  -1.750 (-3.119%)    Short selling $992.30M; Ratio 39.043%   tumbled 3.1% to nearly 7-year low at $54.35. AIA (01299.HK)  -1.100 (-2.591%)    Short selling $193.00M; Ratio 18.228%   drifted lower 2.6%. CHINA MOBILE (00941.HK)  -0.350 (-0.435%)    Short selling $96.51M; Ratio 8.259%   and TENCENT (00700.HK)  -1.000 (-0.730%)    Short selling $627.15M; Ratio 21.076%   lost 0.4% and 0.7% separately.

Macau gaming stocks jumped amid weak market, with GALAXY ENT (00027.HK)  +0.750 (+3.546%)    Short selling $87.97M; Ratio 27.414%   and SANDS CHINA LTD (01928.HK)  +0.850 (+3.926%)    Short selling $59.98M; Ratio 9.327%   escalated 3.5% and 3.9%, both of which were best performing blue chippers. WYNN MACAU (01128.HK)  +0.360 (+4.972%)    Short selling $23.50M; Ratio 9.588%   expected last quarter to record net revenue of US$550 to US$560 million, sending its share price up by 5% today. Domestic demand stocks WANT WANT CHINA (00151.HK)  +0.100 (+2.088%)    Short selling $32.49M; Ratio 16.241%   and HENGAN INT'L (01044.HK)  +0.950 (+1.448%)    Short selling $115.06M; Ratio 44.795%   shot up 2% and 1.4% respectively. 

Individual stocks rocketed. JUJIANG CONS (01459.HK)  +1.060 (+37.589%)   rallied 37.6% to close at $3.88. NNK (03773.HK)  +0.180 (+12.414%)   soared 12.4%.

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