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HSI Opens Up 124 pts; Led by HSBC Holdings

The U.S three major indexes hit a new high yesterday (25 January), with Dow Jones Industrial Average first exceeding 20,000 pts. Asia Pacific stocks fared well. Hang Seng Index opened higher 124 pts or 0.5% to 23,173. Hang Seng China Enterprises Index opened up 57 pts or 0.6% to 9,800.

Banking stocks fared well. HSBC HOLDINGS (00005.HK)  +1.100 (+1.679%)    Short selling $34.41M; Ratio 2.945%   jumped 1.2% at open, being the bigger gainer of blue chips. BANK OF E ASIA (00023.HK)  +0.350 (+1.092%)    Short selling $9.53M; Ratio 19.876%   leaped 1.1%. Shares in TENCENT (00700.HK)  +2.200 (+1.096%)    Short selling $135.85M; Ratio 3.991%   advanced 0.8% to $202.4. HKEX (00388.HK)  +0.700 (+0.377%)    Short selling $33.89M; Ratio 6.865%   and AIA (01299.HK)  +0.500 (+1.046%)    Short selling $170.69M; Ratio 27.748%   lifted 0.4%. CHINA MOBILE (00941.HK)  +0.650 (+0.749%)    Short selling $60.63M; Ratio 6.476%   added 0.6%, while CKH HOLDINGS (00001.HK)  +0.350 (+0.382%)    Short selling $40.18M; Ratio 12.132%   dipped 0.1%. HANG LUNG PPT (00101.HK)  +0.300 (+1.594%)    Short selling $16.88M; Ratio 15.236%   , which will unveil its results today, opened 0.9% higher. LINK REIT (00823.HK)  +0.350 (+0.672%)    Short selling $6.76M; Ratio 5.179%   also climbed 0.9%.

SANDS CHINA LTD (01928.HK)  -0.550 (-1.556%)    Short selling $109.03M; Ratio 19.219%   results missed expectation, sending the stock lower 1.8%. The casino became the biggest faller of blue chips. GALAXY ENT (00027.HK)  +0.250 (+0.686%)    Short selling $69.29M; Ratio 11.112%   and MGM CHINA (02282.HK)  -0.160 (-1.064%)    Short selling $15.35M; Ratio 12.518%   opened down 0.8% and 1.2%.

Chinese financials PING AN (02318.HK)  +0.200 (+0.499%)    Short selling $28.74M; Ratio 4.335%   and CHINA LIFE (02628.HK)  +0.150 (+0.703%)    Short selling $56.20M; Ratio 10.923%   ticked up 0.2% and 0.7%. NCI (01336.HK)  +0.300 (+0.794%)    Short selling $34.83M; Ratio 39.092%   jumped 1.6% and became the bigger gainer of HSCEI constituent. Brokers CITIC SEC (06030.HK)  +0.100 (+0.636%)    Short selling $6.03M; Ratio 5.663%   and CRRC (01766.HK)  +0.020 (+0.267%)    Short selling $7.42M; Ratio 7.261%   escalated 1.3%.

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