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HSI Adds 152 pts, Led by Casinos
The US stocks traded mixed last night (27 March) since the US President Trump finally withdrew the new health insurance bill. Dow Jones Industrial Average fell for eight straight days and ended lower 45 pts. Hang Seng Index closed the day up 152 pts or 0.6% at 24,345, reclaiming 10-day MA (24,303). Hang Seng China Enterprises Index hiked 63 pts or 0.6% at 10,425. Market turnover amounted to $69.454 billion. 

Blue chips broadly fared well. HSBC HOLDINGS (00005.HK)  +0.550 (+0.876%)    Short selling $48.13M; Ratio 5.490%   and CHINA MOBILE (00941.HK)  +0.600 (+0.696%)    Short selling $64.44M; Ratio 6.663%   shot up 0.9% and 0.7%, TENCENT (00700.HK)  +1.200 (+0.534%)    Short selling $403.79M; Ratio 12.405%   climbed 0.5%.HKEX (00388.HK)  +0.400 (+0.205%)    Short selling $66.84M; Ratio 15.935%   hiked 0.2%. PRC insurers CHINA LIFE (02628.HK)  +0.250 (+1.050%)    Short selling $106.69M; Ratio 17.196%   and PING AN (02318.HK)  +0.300 (+0.690%)    Short selling $713.16M; Ratio 51.499%   gained 1.1% and 0.7%. PRC bank stocks BANK OF CHINA (03988.HK)  +0.040 (+1.034%)    Short selling $253.73M; Ratio 29.596%   rose 1%. CCB (00939.HK)  +0.050 (+0.790%)    Short selling $254.69M; Ratio 19.014%   , BANKCOMM (03328.HK)  +0.040 (+0.661%)    Short selling $6.33M; Ratio 6.000%   and ICBC (01398.HK)  +0.030 (+0.586%)    Short selling $162.68M; Ratio 18.229%   added 0.6% to 0.8%.

Citigroup kept Macau's March GGR forecast at MOP19 billion, up 6% yearly, sending up Macau gaming stocks. GALAXY ENT (00027.HK)  +1.450 (+3.519%)    Short selling $103.83M; Ratio 12.225%   and SANDS CHINA LTD (01928.HK)  +1.400 (+4.017%)    Short selling $165.52M; Ratio 18.752%   soared 3.5% and 4%. MELCO INT'L DEV (00200.HK)  +0.940 (+7.264%)    Short selling $4.53M; Ratio 9.222%   surged 7.3%. MGM CHINA (02282.HK)  +0.680 (+4.398%)    Short selling $12.62M; Ratio 15.919%   and WYNN MACAU (01128.HK)  +0.640 (+4.134%)    Short selling $52.15M; Ratio 24.693%   gained over 4%. SJM HOLDINGS (00880.HK)  +0.150 (+2.412%)    Short selling $5.06M; Ratio 8.056%   rose 2.4%. Japan's gaming-concept stocks were speculated to climb higher. NIRAKU (01245.HK)  +0.200 (+24.390%)   and DYNAM JAPAN (06889.HK)  +0.920 (+7.034%)    Short selling $264.17K; Ratio 0.540%   spiked 24.4% and 7%.

Domestic consumption stocks fared well. LENOVO GROUP (00992.HK)  +0.200 (+4.098%)    Short selling $50.74M; Ratio 5.637%   gained 4.1%, posting the largest growth among blue-chips. TINGYI (00322.HK)  +0.500 (+5.423%)    Short selling $69.21M; Ratio 24.977%   's 2016 net profit fell 31% yearly. With brokers lifted the target prices, TINGYI surged 5.4%. MENGNIU DAIRY (02319.HK)  +0.260 (+1.720%)    Short selling $3.45M; Ratio 2.531%   and WANT WANT CHINA (00151.HK)  +0.080 (+1.541%)    Short selling $14.73M; Ratio 24.554%   inched up 1.7% and 1.5%. BELLE INT'L (01880.HK)  +0.070 (+1.394%)    Short selling $2.15M; Ratio 4.412%   added 1.4%.

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