-

HSI down 33 pts; MENGNIU DAIRY Jumps 4%

 Hong Kong bourses retreated today after seven-day rise. China's first quarter GDP was in-line, with a year on year growth of 6.7%. Hang Seng Index lost 103 pts at most after opening higher 36 pts. It receded 33 pts or 0.2% to 21,304 at midday. Hang Seng China Enterprises Index faded 27 pts or 0.3% to 9,210. Half-day market turnover amounted to $34.1 billion. 

Blue chip domestic demand stocks shot up. MENGNIU DAIRY (02319.HK)  +0.480 (+3.687%)    Short selling $28.34M; Ratio 16.371%   jumped 4%. WANT WANT CHINA (00151.HK)  +0.100 (+1.565%)    Short selling $18.99M; Ratio 52.216%   and TINGYI (00322.HK)  -0.050 (-0.530%)    Short selling $5.88M; Ratio 14.180%   gained 1.6% and 1.4%. HENGAN INT'L (01044.HK)  +0.450 (+0.621%)    Short selling $15.66M; Ratio 31.281%   rose 1.2%. 

HSBC HOLDINGS (00005.HK)  +0.250 (+0.510%)    Short selling $20.70M; Ratio 4.278%   added 0.4% to $49.2. CHINA MOBILE (00941.HK)  +0.300 (+0.334%)    Short selling $63.88M; Ratio 11.206%   lifted 0.2%. TENCENT (00700.HK)  -0.400 (-0.242%)    Short selling $46.00M; Ratio 7.230%  inched down 0.1% to $164.9. AIA (01299.HK)  -0.600 (-1.313%)    Short selling $148.81M; Ratio 23.371%   slid 1.4%. Chinese financials held steady. ICBC (01398.HK)  +0.010 (+0.231%)    Short selling $32.01M; Ratio 7.901%   climbed 0.2%. Chinese insurer CHINA LIFE (02628.HK)  +0.080 (+0.405%)    Short selling $105.30M; Ratio 22.144%   edged up 0.1%. 

Based on foreign media report, Norway Sovereign Wealth Fund withdrew its coal investment and disposed of a number of Hong Kong shares. CHINA RES POWER (00836.HK)  -0.380 (-2.487%)    Short selling $3.81M; Ratio 11.034%   and CHINA SHENHUA (01088.HK)  -0.320 (-2.374%)    Short selling $74.49M; Ratio 60.718%   dived 2.1% and 2.2%. YANZHOU COAL (01171.HK)  -0.160 (-3.397%)    Short selling $3.06M; Ratio 8.299%   fell sharply by 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