HSI Leaps 358 pts, Led by Mainland Developers
Market gradually factored in the news of Brexit. European and U.S. markets continued to rebound. Hong Kong stocks fared well on the last trading day of the first half of the year. Hang Seng Index followed external markets to open up 300 pts this morning, reclaiming 20- and 50-day MA and climbing up to 391 pts to 20,828. It finally closed up 358 pts or 1.8% at 20,794. Hang Seng China Enterprises Index gained 141 pts or 1.7% at 8,712. Market turnover amounted to $72.523 billion at close.
Mainland developers were well-oriented. CHINA OVERSEAS (00688.HK) +1.450 (+6.291%)
Short selling $332.38M; Ratio 28.372% surged 6.3%, representing the best performer of blue chips, after it had issued a circular for the acquisition of CITIC's property portfolio with the purchase scale and property distribution better than expected. CITIC (00267.HK) +0.280 (+2.545%) Short selling $28.93M; Ratio 21.834% leaped 2.5%. CHINA RES LAND (01109.HK) +0.840 (+4.867%) Short selling $55.71M; Ratio 12.859% and CHINA VANKE (02202.HK) +0.620 (+4.252%) Short selling $26.05M; Ratio 4.218% soared 4.8% and 4.3%.
Local developers broadly continued higher. NEW WORLD DEV (00017.HK) +0.190 (+2.480%) Short selling $15.59M; Ratio 10.981% , SHK PPT (00016.HK) +2.350 (+2.591%) Short selling $105.67M; Ratio 13.374% and HANG LUNG PPT (00101.HK) +0.380 (+2.493%) Short selling $7.50M; Ratio 6.364% surged 2.5%-2.6%. Yet LINK REIT (00823.HK) -1.150 (-2.132%) Short selling $52.24M; Ratio 9.618% slipped 2.1% after hitting new high since listing, representing the worst-performing blue chip.
CKH's series of companies continued to rebound. POWER ASSETS (00006.HK) +2.450 (+3.571%) Short selling $38.76M; Ratio 6.919% jumped 3.6%. CKH HOLDINGS (00001.HK) +1.700 (+2.052%) Short selling $195.15M; Ratio 12.826% rose sharply by 2.1%. CKI HOLDINGS (01038.HK) +1.000 (+1.522%) Short selling $17.31M; Ratio 4.176% and CK PROPERTY (01113.HK) +0.750 (+1.574%) Short selling $6.69M; Ratio 1.686% grew 1.5% and 1.6%
Market gradually factored in the news of Brexit. European and U.S. markets continued to rebound. Hong Kong stocks fared well on the last trading day of the first half of the year. Hang Seng Index followed external markets to open up 300 pts this morning, reclaiming 20- and 50-day MA and climbing up to 391 pts to 20,828. It finally closed up 358 pts or 1.8% at 20,794. Hang Seng China Enterprises Index gained 141 pts or 1.7% at 8,712. Market turnover amounted to $72.523 billion at close.
Mainland developers were well-oriented. CHINA OVERSEAS (00688.HK) +1.450 (+6.291%)
Short selling $332.38M; Ratio 28.372% surged 6.3%, representing the best performer of blue chips, after it had issued a circular for the acquisition of CITIC's property portfolio with the purchase scale and property distribution better than expected. CITIC (00267.HK) +0.280 (+2.545%) Short selling $28.93M; Ratio 21.834% leaped 2.5%. CHINA RES LAND (01109.HK) +0.840 (+4.867%) Short selling $55.71M; Ratio 12.859% and CHINA VANKE (02202.HK) +0.620 (+4.252%) Short selling $26.05M; Ratio 4.218% soared 4.8% and 4.3%.Local developers broadly continued higher. NEW WORLD DEV (00017.HK) +0.190 (+2.480%)
Short selling $15.59M; Ratio 10.981% , SHK PPT (00016.HK) +2.350 (+2.591%) Short selling $105.67M; Ratio 13.374% and HANG LUNG PPT (00101.HK) +0.380 (+2.493%) Short selling $7.50M; Ratio 6.364% surged 2.5%-2.6%. Yet LINK REIT (00823.HK) -1.150 (-2.132%) Short selling $52.24M; Ratio 9.618% slipped 2.1% after hitting new high since listing, representing the worst-performing blue chip.CKH's series of companies continued to rebound. POWER ASSETS (00006.HK) +2.450 (+3.571%)
Short selling $38.76M; Ratio 6.919% jumped 3.6%. CKH HOLDINGS (00001.HK) +1.700 (+2.052%) Short selling $195.15M; Ratio 12.826% rose sharply by 2.1%. CKI HOLDINGS (01038.HK) +1.000 (+1.522%) Short selling $17.31M; Ratio 4.176% and CK PROPERTY (01113.HK) +0.750 (+1.574%) Short selling $6.69M; Ratio 1.686% grew 1.5% and 1.6%
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