HSI Rises 167 pts; GALAXY ENT Dives
Hong Kong bourses hit more than one-month high this morning again. Hang Seng Index once escalated over 200 pts to the peak at 21,260 after opening higher 188 pts. The benchmark index gained 167 pts or 0.8% at morning's close to 21,198. Hang Seng China Enterprises Index lifted 87 pts or 1% to 8,952. Half-day turnover amounted to $34.186 billion.
HSBC HOLDINGS (00005.HK) +0.850 (+1.697%)
Short selling $13.83M; Ratio 5.215% said to restructure its investment banking business. The bank ticked up 1% to $50.6 this morning. CHINA MOBILE (00941.HK) +2.850 (+3.233%) Short selling $38.40M; Ratio 7.509% advanced 1.7% to $89.65. TENCENT (00700.HK) +2.500 (+1.438%) Short selling $157.48M; Ratio 13.418% once breached above the peak level and hit the high at $175.6. It inched up 0.5% to $174.7 at midday.
Macau gaming stock bucked the market and retreated. GALAXY ENT (00027.HK) -0.750 (-2.941%) Short selling $97.36M; Ratio 34.212% dived 3.3%, becoming the worst performer of blue chips. Goldman Sachs downgraded the stock to Neutral. SANDS CHINA LTD (01928.HK) 0.000 (0.000%) Short selling $39.73M; Ratio 28.164% slid 1.8%. WYNN MACAU (01128.HK) -0.180 (-1.523%) Short selling $13.55M; Ratio 20.413% faded 1.5%.
New York oil futures leaped 2.2%, hitting over 10-month high. KUNLUN ENERGY (00135.HK) +0.180 (+2.791%) Short selling $12.47M; Ratio 26.077% and PETROCHINA (00857.HK) +0.150 (+2.752%) Short selling $58.10M; Ratio 25.307% surged 2.3% and 1.8%. CHINA OILFIELD (02883.HK) +0.490 (+7.967%) Short selling $1.90M; Ratio 1.830% rocketed 5.2%, becoming the best performing HSCEI constituent this morning.
Chinese automotive shares were in demand. GREATWALL MOTOR (02333.HK) +0.310 (+4.952%) Short selling $16.19M; Ratio 4.588% delivered a yearly rise of 9.54% in sales in May, sending the shares mounting 4.5%. GAC GROUP (02238.HK) +0.200 (+2.099%) Short selling $9.83M; Ratio 18.539% May production volume increased 18.6% and sales rose 20.3%. Shares in the auto company shot up 2%. GEELY AUTO (00175.HK) +0.150 (+3.589%) Short selling $13.31M; Ratio 5.344% leaped 3.3% after reporting 19% rise in May sales volume. Bank of America Merrill Lynch also raised the target price of the company.
HSBC HOLDINGS (00005.HK) +0.850 (+1.697%)
Short selling $13.83M; Ratio 5.215% said to restructure its investment banking business. The bank ticked up 1% to $50.6 this morning. CHINA MOBILE (00941.HK) +2.850 (+3.233%) Short selling $38.40M; Ratio 7.509% advanced 1.7% to $89.65. TENCENT (00700.HK) +2.500 (+1.438%) Short selling $157.48M; Ratio 13.418% once breached above the peak level and hit the high at $175.6. It inched up 0.5% to $174.7 at midday.Macau gaming stock bucked the market and retreated. GALAXY ENT (00027.HK) -0.750 (-2.941%)
Short selling $97.36M; Ratio 34.212% dived 3.3%, becoming the worst performer of blue chips. Goldman Sachs downgraded the stock to Neutral. SANDS CHINA LTD (01928.HK) 0.000 (0.000%) Short selling $39.73M; Ratio 28.164% slid 1.8%. WYNN MACAU (01128.HK) -0.180 (-1.523%) Short selling $13.55M; Ratio 20.413% faded 1.5%.New York oil futures leaped 2.2%, hitting over 10-month high. KUNLUN ENERGY (00135.HK) +0.180 (+2.791%)
Short selling $12.47M; Ratio 26.077% and PETROCHINA (00857.HK) +0.150 (+2.752%) Short selling $58.10M; Ratio 25.307% surged 2.3% and 1.8%. CHINA OILFIELD (02883.HK) +0.490 (+7.967%) Short selling $1.90M; Ratio 1.830% rocketed 5.2%, becoming the best performing HSCEI constituent this morning.Chinese automotive shares were in demand. GREATWALL MOTOR (02333.HK) +0.310 (+4.952%)
Short selling $16.19M; Ratio 4.588% delivered a yearly rise of 9.54% in sales in May, sending the shares mounting 4.5%. GAC GROUP (02238.HK) +0.200 (+2.099%) Short selling $9.83M; Ratio 18.539% May production volume increased 18.6% and sales rose 20.3%. Shares in the auto company shot up 2%. GEELY AUTO (00175.HK) +0.150 (+3.589%) Short selling $13.31M; Ratio 5.344% leaped 3.3% after reporting 19% rise in May sales volume. Bank of America Merrill Lynch also raised the target price of the company. 
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