HSI Falls 148 pts; CKH Series of Companies Face Selling
The Britain's vote to leave the European Union sent shock waves to global bourses. Sterling was under continuous pressure, while Hong Kong bourses saw a narrowed loss this morning. Hang Seng Index recorded narrowed decline after opening down 276 pts and once reclaimed the level of 20,000 pts in the early trade to once peak at 20,117 pts. The benchmark index finished the morning trade at 20,110, down 148 pts or 0.7%. Hang Seng China Enterprises Index faded 47 pts or 0.6% to 8,482. Half-day market turnover amounted to $32.271 billion.
CKH series of companies were under pressure. CKI HOLDINGS (01038.HK) -3.400 (-4.864%)
Short selling $73.31M; Ratio 13.092% plunged 5.2% and became the worst performer of blue chips. CKH HOLDINGS (00001.HK) -3.500 (-4.023%) Short selling $192.51M; Ratio 8.260% fell sharply 4.7% after Morgan Stanley and Citigroup downgraded its rating. POWER ASSETS (00006.HK) -1.850 (-2.643%) Short selling $23.26M; Ratio 4.539% dived 2.6% and CK PROPERTY (01113.HK) -0.750 (-1.604%) Short selling $3.96M; Ratio 1.028% slid 1.6%.
The banking stocks that have higher U.K business exposure recorded a narrowed loss in the morning trade. HSBC HOLDINGS (00005.HK) -0.800 (-1.686%) Short selling $1.01B; Ratio 36.738% faded 1.2% to $46.9. STANCHART (02888.HK) -0.600 (-1.039%) Short selling $113.17M; Ratio 25.162% inched down 0.3%. However, PRU (02378.HK) -7.000 (-5.147%) tumbled 4%.
Stocks with high dividend yield saw support. LINK REIT (00823.HK) +1.950 (+3.924%) Short selling $64.96M; Ratio 12.836% escalated 3% to $51.2, becoming the best performing blue chip. HKT-SS (06823.HK) +0.240 (+2.174%) Short selling $16.43M; Ratio 26.678% gained 0.7%. WHARF HOLDINGS (00004.HK) +0.550 (+1.214%) Short selling $120.09M; Ratio 51.512% added 1.2%. HANG LUNG PPT (00101.HK) -0.120 (-0.796%) Short selling $5.53M; Ratio 9.585% and SHK PPT (00016.HK) +0.200 (+0.226%) Short selling $88.33M; Ratio 21.056% , however, lost 2.3% and 1%. Chinese insurers were weakened. PICC P&C (02328.HK) -0.260 (-2.022%) Short selling $47.47M; Ratio 9.110% retreated 3%. CPIC (02601.HK) -0.200 (-0.795%) Short selling $17.87M; Ratio 7.254% , CHINA LIFE (02628.HK) -0.140 (-0.851%) Short selling $114.05M; Ratio 16.604% and PING AN (02318.HK) -0.250 (-0.744%) Short selling $80.40M; Ratio 8.041% receded 2.2%, 1.6% and 1.2% respectively.
The Britain's vote to leave the European Union sent shock waves to global bourses. Sterling was under continuous pressure, while Hong Kong bourses saw a narrowed loss this morning. Hang Seng Index recorded narrowed decline after opening down 276 pts and once reclaimed the level of 20,000 pts in the early trade to once peak at 20,117 pts. The benchmark index finished the morning trade at 20,110, down 148 pts or 0.7%. Hang Seng China Enterprises Index faded 47 pts or 0.6% to 8,482. Half-day market turnover amounted to $32.271 billion.
CKH series of companies were under pressure. CKI HOLDINGS (01038.HK) -3.400 (-4.864%)
Short selling $73.31M; Ratio 13.092% plunged 5.2% and became the worst performer of blue chips. CKH HOLDINGS (00001.HK) -3.500 (-4.023%) Short selling $192.51M; Ratio 8.260% fell sharply 4.7% after Morgan Stanley and Citigroup downgraded its rating. POWER ASSETS (00006.HK) -1.850 (-2.643%) Short selling $23.26M; Ratio 4.539% dived 2.6% and CK PROPERTY (01113.HK) -0.750 (-1.604%) Short selling $3.96M; Ratio 1.028% slid 1.6%. The banking stocks that have higher U.K business exposure recorded a narrowed loss in the morning trade. HSBC HOLDINGS (00005.HK) -0.800 (-1.686%)
Short selling $1.01B; Ratio 36.738% faded 1.2% to $46.9. STANCHART (02888.HK) -0.600 (-1.039%) Short selling $113.17M; Ratio 25.162% inched down 0.3%. However, PRU (02378.HK) -7.000 (-5.147%) tumbled 4%. Stocks with high dividend yield saw support. LINK REIT (00823.HK) +1.950 (+3.924%)
Short selling $64.96M; Ratio 12.836% escalated 3% to $51.2, becoming the best performing blue chip. HKT-SS (06823.HK) +0.240 (+2.174%) Short selling $16.43M; Ratio 26.678% gained 0.7%. WHARF HOLDINGS (00004.HK) +0.550 (+1.214%) Short selling $120.09M; Ratio 51.512% added 1.2%. HANG LUNG PPT (00101.HK) -0.120 (-0.796%) Short selling $5.53M; Ratio 9.585% and SHK PPT (00016.HK) +0.200 (+0.226%) Short selling $88.33M; Ratio 21.056% , however, lost 2.3% and 1%. Chinese insurers were weakened. PICC P&C (02328.HK) -0.260 (-2.022%) Short selling $47.47M; Ratio 9.110% retreated 3%. CPIC (02601.HK) -0.200 (-0.795%) Short selling $17.87M; Ratio 7.254% , CHINA LIFE (02628.HK) -0.140 (-0.851%) Short selling $114.05M; Ratio 16.604% and PING AN (02318.HK) -0.250 (-0.744%) Short selling $80.40M; Ratio 8.041% receded 2.2%, 1.6% and 1.2% respectively.
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