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GREATWALL MOTOR, POWER XINCHEN Up Nearly 4%-9%

 Auto stocks fared well today. Exceeding sales target, GREATWALL MOTOR(02333.HK)  +0.270 (+3.689%)    Short selling $54.38M; Ratio 9.000%   challenged 100-day MA ($7.59) and once rose to $7.62 before closing at $7.59 at midday, up 3.7%, on a volume of 41.23 million shares.

GAC GROUP (02238.HK)  +0.530 (+5.470%)    Short selling $118.97M; Ratio 34.140%   , with Credit Suisse lifting its target price to $14.5, rose for the third day and once soared to $9.98 before closing at $9.93 at midday, up 2.5%.

Expecting a doubling full-year net profit, GEELY AUTO(00175.HK)  +0.300 (+3.764%)    Short selling $42.93M; Ratio 6.605%   continued the trend yesterday and once rose to $8.24 at most today, before closing at $8.16 at midday, up 2.4%.

After consolidating two days, BRILLIANCE CHI (01114.HK)  +0.280 (+2.597%)    Short selling $18.82M; Ratio 11.423%   also climbed 2% to $11 at midday. POWER XINCHEN (01148.HK)  +0.090 (+7.826%)   challenged 50-day MA and closed at $1.25 at midday, soaring 8.7%.

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