HSI Falls 237 pts; China Mobile Dives 2% before Results
Hong Kong bourses saw a sharp correction this morning. Hang Seng Index headed south after opening higher 16 pts and posted a widened loss before morning close to the trough of 21,182 pts. The benchmark index receded 237 pts or 1.1% to end at 21,199. Hang Seng China Enterprises Index sank 142 pts or 1.5% to 9,102. Half-day market turnover amounted to $37.75 billion.
CHINA MOBILE (00941.HK) -1.300 (-1.452%)
Short selling $83.93M; Ratio 10.707% , ahead of quarterly results announcement today, faded 2%. CHINA UNICOM (00762.HK) -0.400 (-4.107%) Short selling $54.93M; Ratio 13.482% dived 4.4% to $9.31, after the company issued a profit warning and expected to record 85% yearly decline in first quarter earnings. The stock was the worst performer of blue chip. CHINA TELECOM (00728.HK) -0.120 (-2.878%) Short selling $12.85M; Ratio 8.273% also plunged 4.8%, being the biggest faller of HSCEI constituent. In addition, HKBN (01310.HK) -0.010 (-0.105%) Short selling $47.95K; Ratio 0.354% is scheduled to unveil its interim results today. Its shares gave up 0.8% ahead of results.
HSBC HOLDINGS (00005.HK) -0.500 (-0.985%) Short selling $9.29M; Ratio 1.851% retreated 0.9% this morning to $50.3. The bank is investigating for stock repurchase and may gradually increase dividend payout. AIA (01299.HK) -0.300 (-0.665%) Short selling $57.41M; Ratio 18.996% , which is set to release its quarterly results this week, lost 0.6%. STANCHART (02888.HK) +0.200 (+0.337%) Short selling $10.01M; Ratio 6.416% slid 0.2%. TENCENT (00700.HK) -3.300 (-1.992%) Short selling $145.39M; Ratio 13.868% sagged 1.8%.
Gas stocks were under significant pressure this morning. CHINA GAS HOLD (00384.HK) -1.300 (-10.317%) Short selling $25.53M; Ratio 11.492% , ENN ENERGY (02688.HK) -5.200 (-11.029%) Short selling $43.47M; Ratio 15.834% and CHINA RES GAS (01193.HK) -1.900 (-8.034%) Short selling $39.06M; Ratio 15.562% fell sharply by 9.7%, 10.5% and 7.2%.
Hong Kong bourses saw a sharp correction this morning. Hang Seng Index headed south after opening higher 16 pts and posted a widened loss before morning close to the trough of 21,182 pts. The benchmark index receded 237 pts or 1.1% to end at 21,199. Hang Seng China Enterprises Index sank 142 pts or 1.5% to 9,102. Half-day market turnover amounted to $37.75 billion.
CHINA MOBILE (00941.HK) -1.300 (-1.452%)
Short selling $83.93M; Ratio 10.707% , ahead of quarterly results announcement today, faded 2%. CHINA UNICOM (00762.HK) -0.400 (-4.107%) Short selling $54.93M; Ratio 13.482% dived 4.4% to $9.31, after the company issued a profit warning and expected to record 85% yearly decline in first quarter earnings. The stock was the worst performer of blue chip. CHINA TELECOM (00728.HK) -0.120 (-2.878%) Short selling $12.85M; Ratio 8.273% also plunged 4.8%, being the biggest faller of HSCEI constituent. In addition, HKBN (01310.HK) -0.010 (-0.105%) Short selling $47.95K; Ratio 0.354% is scheduled to unveil its interim results today. Its shares gave up 0.8% ahead of results.HSBC HOLDINGS (00005.HK) -0.500 (-0.985%)
Short selling $9.29M; Ratio 1.851% retreated 0.9% this morning to $50.3. The bank is investigating for stock repurchase and may gradually increase dividend payout. AIA (01299.HK) -0.300 (-0.665%) Short selling $57.41M; Ratio 18.996% , which is set to release its quarterly results this week, lost 0.6%. STANCHART (02888.HK) +0.200 (+0.337%) Short selling $10.01M; Ratio 6.416% slid 0.2%. TENCENT (00700.HK) -3.300 (-1.992%) Short selling $145.39M; Ratio 13.868% sagged 1.8%. Gas stocks were under significant pressure this morning. CHINA GAS HOLD (00384.HK) -1.300 (-10.317%)
Short selling $25.53M; Ratio 11.492% , ENN ENERGY (02688.HK) -5.200 (-11.029%) Short selling $43.47M; Ratio 15.834% and CHINA RES GAS (01193.HK) -1.900 (-8.034%) Short selling $39.06M; Ratio 15.562% fell sharply by 9.7%, 10.5% and 7.2%. 
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