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HSI Falls 105 pts; Building Materials, Gold Stocks in Demand

 Hang Seng Index retreated this morning following the correction of oil prices. The benchmark index saw a loss of up to 152 pts after opening lower 124 pts and finished the morning session lower by 105 pts or 0.55% to 19,257. Hang Seng China Enterprises Index retreated 49 pts or 0.6% to 8,116. Half-day market turnover totaled $31.313 billion. 

HSBC HOLDINGS (00005.HK)  -0.700 (-1.374%)    Short selling $102.29M; Ratio 30.778%   wilt 1.8% to $50.05. STANCHART (02888.HK)  -2.000 (-4.036%)    Short selling $39.13M; Ratio 34.500%   dived 4% to $47.55. In contrast, BOC HONG KONG (02388.HK)  +0.060 (+0.307%)    Short selling $8.41M; Ratio 13.650%   gained 0.5%. 

CHINA MOBILE (00941.HK)  -0.100 (-0.118%)    Short selling $65.34M; Ratio 15.092%   faded 0.6%. TENCENT (00700.HK)  -1.100 (-0.773%)    Short selling $155.61M; Ratio 19.064%   drifted lower 1.2%. AIA (01299.HK)  +0.100 (+0.255%)    Short selling $51.05M; Ratio 15.145%   inched up 0.5% to end the morning session at $39.45.

Building material stocks were in demand. ANHUI CONCH (00914.HK)  +0.660 (+4.059%)    Short selling $32.76M; Ratio 22.937%   jumped 3.7%. CNBM (03323.HK)  +0.060 (+1.719%)    Short selling $2.63M; Ratio 11.973%   gained 1.1%. Gold shares ZHAOJIN MINING (01818.HK)  +0.480 (+9.213%)    Short selling $17.18M; Ratio 21.271%   and ZIJIN MINING (02899.HK)  +0.090 (+4.110%)    Short selling $6.79M; Ratio 6.158%   escalated 8.8% and 5% respectively.

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