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HSI Falls 136 pts; Oil Stocks Fade
The U.S stocks traded mixed last night (18 January) with Dow Jones Industrial Average falling 22 pts or 0.1% at close. Hang Seng Index slightly opened higher 6 pts and retreated afterwards, with a decline of up to 149 pts to bottom at 22,948. The benchmark index finished the morning trade lower 136 pts or 0.6% to 22,961. Hang Seng China Enterprises Index slid 49 pts or 0.5% to 9,753.

Shares in TENCENT (00700.HK)  -0.200 (-0.100%)    Short selling $176.45M; Ratio 9.166%   and CHINA MOBILE (00941.HK)  -0.100 (-0.116%)    Short selling $66.18M; Ratio 8.001%   
faded 0.4% and 0.3%. HSBC HOLDINGS (00005.HK)  +0.250 (+0.386%)    Short selling $90.70M; Ratio 7.798%   stayed flat at $64.7. CATHAY PAC AIR (00293.HK)  -0.420 (-3.882%)    Short selling $100.89M; Ratio 36.167%   formulated new strategies for its policies, saying that the company will have significant changes in its plan in mid 2017 which will be the year with biggest change over the past two decades. The airline was under significant selling this year, showing a plunge of 4.8% at midday, being the worst performer of blue chips.

Hong Kong government, in its Policy Address, said that the first-hand home supply will reach 94,000 in the next three to four years, hitting 12-year high. Hong Kong real estate developers hit the soft spot, with HENDERSON LAND (00012.HK)  -0.700 (-1.606%)    Short selling $24.96M; Ratio 30.571%   , SHK PPT (00016.HK)  -1.500 (-1.408%)    Short selling $74.74M; Ratio 19.459%   and SINO LAND (00083.HK)  -0.280 (-2.157%)    Short selling $71.91M; Ratio 62.661%   falling 1.4%-2%. CKH HOLDINGS (00001.HK)  -0.500 (-0.545%)    Short selling $54.27M; Ratio 17.090%   , CKI HOLDINGS (01038.HK)  +0.050 (+0.081%)    Short selling $15.02M; Ratio 12.767%   and CK PROPERTY (01113.HK)  -0.300 (-0.573%)    Short selling $76.62M; Ratio 16.670%   dipped 0.8%-0.9%. OOIL (00316.HK)  +2.950 (+7.007%)    Short selling $20.79M; Ratio 10.384%   , however, escalated 1.7%.

National Development and Reform Commission announced the 13th Five-year Plan for oil and natural gas development. The three oil stocks sagged 1% to 1.6%. Gas stock CHINA RES GAS (01193.HK)  -0.700 (-2.729%)    Short selling $15.84M; Ratio 16.140%   tumbled 2.9%. CHINA SHENHUA (01088.HK)  -0.440 (-2.699%)    Short selling $23.25M; Ratio 6.484%   fell sharply 3.3%, being the worst performing HSCEI constituent stock.

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