-

HSI Drops 30 pts; Brokers Under Pressure
Hong Kong stocks softened within narrow range today (8 June). Hang Seng Index opened down 33 pts and saw loss widened to 148 pts afterwards to hit the trough of 21,179. The benchmark index eventually closed down 30 pts or 0.14% at 21,297. Hang Seng China Enterprises Index rose 23 pts or 0.3% at 9,027. The market turnover amounted to $56.369 billion at close.

Heavyweights had a weaker tone. HSBC HOLDINGS (00005.HK)  -0.350 (-0.688%)    Short selling $239.35M; Ratio 33.163%   and CHINA MOBILE (00941.HK)  -0.750 (-0.823%)    Short selling $249.00M; Ratio 17.309%   slid 0.7% and 0.8%. TENCENT (00700.HK)  -0.700 (-0.396%)    Short selling $738.28M; Ratio 22.309%   and CCB (00939.HK)  -0.020 (-0.382%)    Short selling $174.98M; Ratio 14.000%   lost nearly 0.4%. 

New York oil futures recouped US$50. SINOPEC CORP (00386.HK)  +0.140 (+2.541%)    Short selling $143.63M; Ratio 23.331%   soared 2.5%, representing the best performer of blue chips. CNOOC (00883.HK)  +0.180 (+1.881%)    Short selling $131.43M; Ratio 18.871%   and PETROCHINA (00857.HK)  +0.130 (+2.326%)    Short selling $109.97M; Ratio 17.750%   ticked up 1.9% and 2.3%. LINK REIT (00823.HK)  +0.400 (+0.812%)    Short selling $24.80M; Ratio 8.105%   added 0.8% at $49.65 since its annual results were slightly better than market projection.

Brokers declined. HTSC (06886.HK)  -0.560 (-3.306%)    Short selling $22.00M; Ratio 16.594%   slipped 3.3%. CITIC SEC (06030.HK)  -0.220 (-1.249%)    Short selling $37.03M; Ratio 17.450%   faded 1.2%. HAITONG SEC (06837.HK)  -0.240 (-1.824%)    Short selling $34.52M; Ratio 16.119%   trended down 1.8%. After surging for days, CHONGQING IRON (01053.HK)  -0.100 (-5.556%)   plunged 5.6%. 

Paper industry fared well. ND PAPER (02689.HK)  +0.340 (+6.126%)    Short selling $14.37M; Ratio 11.832%   and LEE & MAN PAPER (02314.HK)  +0.350 (+6.836%)    Short selling $1.52M; Ratio 1.810%   rallied 6.1% and 6.8%. 

Comments

Post a Comment

Popular posts from this blog

-
Image
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK)    -0.160 (-1.447%)    Short selling $8.89M; Ratio 25.055%   announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
Read more
-
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
HAECO (00044.HK) 2017 Loss $540M, 2nd Interim Div. $0.5   AECO (00044.HK)    -0.250 (-0.530%)      Short selling $18.92K; Ratio 2.633%     announced annual results for the period ended 31 December 2017. The loss amounted to $541 million, against the profit of $975 million in the year-ago period. Loss per share equaled $3.25. A second interim dividend of $0.5 was declared.
Read more