HSI Gains 129 pts; Casinos Surge

The remarks made by the US Federal Reserve Chair Janet Yellen heightened the market expectation on rate hike. The US stocks receded after early gain yesterday (26 September). Hang Seng Index ticked up after opening lower 9 pts. It then rose 160 pts at most to peak at 27,673. At market close, the benchmark index rose 129 pts or 0.5% to 27,642; Hang Seng China Enterprises Index rose 67 pts or 0.6% to 11,035. Market turnover further declined to $85.829 billion.

The share price of Apple Inc. bounced back, shoring up Apple-concept stocks. The best blue-chip player was AAC TECH (02018.HK)  +6.900 (+5.472%)    Short selling $96.05M; Ratio 15.109%   , advancing by 5.5%. Q TECH (01478.HK)  +0.940 (+7.264%)    Short selling $2.19M; Ratio 1.098%   shot up 7.3%. FIT HON TENG (06088.HK)  +0.330 (+7.205%)   and SUNNY OPTICAL (02382.HK)  +7.000 (+5.858%)    Short selling $50.52M; Ratio 5.743%   climbed 7.2% and 5.9%. COWELL (01415.HK)  +0.170 (+5.152%)   gained 5.2%. TONGDA GROUP (00698.HK)  +0.040 (+1.961%)    Short selling $13.63M; Ratio 18.831%   also grew 2%.

PRC developer stocks were sought after. SHIMAO PROPERTY (00813.HK)  +1.920 (+12.419%)    Short selling $17.31M; Ratio 4.701%   rocketed 12.4% after it was included in Goldman Sachs' Conviction Buy List. Blue chip CHINA OVERSEAS (00688.HK)  +0.250 (+0.992%)    Short selling $113.79M; Ratio 8.839%   and CHINA RES LAND (01109.HK)  +0.450 (+1.883%)    Short selling $102.88M; Ratio 35.388%   added 1% and 1.9%. SUNAC (01918.HK)  +3.350 (+10.585%)    Short selling $213.08M; Ratio 17.782%   catapulted 10.6%. AGILE GROUP (03383.HK)  +0.740 (+6.916%)    Short selling $16.15M; Ratio 6.769%   and KAISA GROUP (01638.HK)  +0.330 (+5.739%)   rallied 6.9% and 5.7%. CHINA VANKE (02202.HK)  +1.550 (+6.237%)    Short selling $16.61M; Ratio 3.172%   , EVERGRANDE (03333.HK)  +1.000 (+3.839%)    Short selling $75.04M; Ratio 8.271%   , LONGFOR PPT (00960.HK)  +1.080 (+5.763%)    Short selling $26.31M; Ratio 11.806%   , COUNTRY GARDEN (02007.HK)  +0.660 (+5.437%)    Short selling $93.46M; Ratio 14.220%   and KWG PROPERTY (01813.HK)  +0.410 (+5.131%)    Short selling $14.95M; Ratio 9.492%   grew 3.8% to 6.2%. Also, WANDA HOTEL DEV (00169.HK)  +0.160 (+10.390%)   acquired its parent's hotel management business at a consideration of $878 million, sending up the stock by 10.4%. CHINASOUTHCITY (01668.HK)  +0.300 (+16.949%)    Short selling $5.32M; Ratio 0.934%   hit over 2-year high, jumping 17% at close.

As the Golden Week is coming, Macau gaming stocks advanced. MELCO INT'L DEV (00200.HK)  +1.400 (+6.731%)    Short selling $18.31M; Ratio 9.618%  leapt 6.7%, WYNN MACAU (01128.HK)  +0.500 (+2.475%)    Short selling $30.06M; Ratio 25.381%   and GALAXY ENT (00027.HK)  +1.400 (+2.659%)    Short selling $53.51M; Ratio 10.815%   rose 2.5% and 2.7%. SANDS CHINA LTD (01928.HK)  +0.900 (+2.311%)    Short selling $126.67M; Ratio 27.577%  added 2.3%. SINOPHARM (01099.HK)  +0.150 (+0.436%)    Short selling $111.48M; Ratio 22.914%   edged up 0.4% even GMT Research doubted the company's cash flow.