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Hang Seng Index opened higher 105 pts and receded after hitting the intra-day high at 20,347, with decline of up to 220 pts to the bottom of 20,022. The benchmark index retreated 127 pts or 0.6% to 20,115. Hang Seng China Enterprises Index retreated 33 pts or 0.4% to 8,452. Half-day turnover amounted to $32.741 billion.



HSI Loses 127 pts; Casinos Rebound
HSBC HOLDINGS (00005.HK)  -0.500 (-1.026%)    Short selling $39.34M; Ratio 8.043%   lost 0.6% to $48.45. AIA (01299.HK)  -0.950 (-2.140%)    Short selling $81.76M; Ratio 21.368%   and CHINA MOBILE (00941.HK)  -0.850 (-0.977%)    Short selling $71.69M; Ratio 14.338%   faded 1.9% and 0.3%. HKEX (00388.HK)  -0.100 (-0.054%)    Short selling $88.69M; Ratio 23.418%   inched down 0.2% ahead of first quarter results announcement to $185.4. CATHAY PAC AIR (00293.HK)  -0.140 (-1.140%)    Short selling $1.15M; Ratio 16.991%   sagged 1.1% after clarifying that the acquisition of Virgin Australia is a groundless rumour.

Technology stocks stabilized. TENCENT (00700.HK)  +0.300 (+0.192%)    Short selling $129.87M; Ratio 12.981%   gained 0.4%. LENOVO GROUP (00992.HK)  +0.010 (+0.191%)    Short selling $57.13M; Ratio 28.657%   bounced back 1.5% this morning after Morgan Stanley made a downward adjustment on its target price and rating. Macau gaming stocks saw a recovery, with GALAXY ENT (00027.HK)  +0.250 (+1.016%)    Short selling $26.99M; Ratio 23.605%  and SANDS CHINA LTD (01928.HK)  0.000 (0.000%)    Short selling $19.56M; Ratio 11.376%   jumped 2% and 1.5%. The former was the best performer of blue chips.

Real estate developers were under pressure. HANG LUNG PPT (00101.HK)  -0.320 (-2.222%)    Short selling $5.45M; Ratio 20.129%   , CK PROPERTY (01113.HK)  -1.050 (-2.183%)    Short selling $15.46M; Ratio 13.135%   , SINO LAND (00083.HK)  -0.220 (-1.897%)    Short selling $1.80M; Ratio 10.066%   , SHK PPT (00016.HK)  -2.000 (-2.151%)    Short selling $26.56M; Ratio 35.673%   and HENDERSON LAND (00012.HK)  -0.550 (-1.178%)    Short selling $16.17M; Ratio 32.151%   lost 1-2.5%. WHARF HOLDINGS (00004.HK)  -0.600 (-1.434%)    Short selling $12.89M; Ratio 23.101%   chairman Ng Tin Hoi believed that the company could maintain moderate growth. Shares in the company, however, slid 1.8% this morning. 

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