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HSI Jumps 292 pts; TENCENT Strengthens

Hang Seng Index continued to fare well, rising for fourteenth consecutive trading day. The three major U.S. stock indices marked new highs last night (11 January). Hang Seng Index opened up 177 pts and further advanced afterwards after the Mainland announced that imports in RMB terms rose 18.7% yearly in 2017 with exports growing 10.8%. The benchmark index concluded at nearly intra-day high at 31,412, soaring 292 pts or 0.9%. Hang Seng China Enterprises Index lifted 173 pts or 1.4% to end at 12,468. Market turnover reached $138.974 billion.

TENCENT (00700.HK)  +12.800 (+2.981%)    Short selling $670.64M; Ratio 8.002%   escalated 3% in the latter session to close at $442.2, contributing 91 pts to HSI alone. SUNNY OPTICAL (02382.HK)  -1.000 (-0.890%)    Short selling $223.56M; Ratio 20.691%   and AAC TECH (02018.HK)  -1.000 (-0.672%)    Short selling $73.22M; Ratio 11.809%   fell 0.9% and 0.7% after early gains. HKEX (00388.HK)  +6.400 (+2.385%)    Short selling $483.39M; Ratio 16.515%   rallied 2.4%. Chinese insurers PING AN (02318.HK)  +2.850 (+3.411%)    Short selling $542.19M; Ratio 11.038%   and CHINA LIFE (02628.HK)  +0.400 (+1.633%)    Short selling $107.93M; Ratio 8.223%  soared 3.4% and 1.6%, of which the former became the best performing blue chip. Lufax said to list in Hong Kong in April.

Chinese banks ICBC (01398.HK)  +0.110 (+1.685%)    Short selling $251.37M; Ratio 13.469%   , CCB (00939.HK)  +0.110 (+1.434%)    Short selling $91.23M; Ratio 3.548%   and BANK OF CHINA (03988.HK)  +0.050 (+1.232%)    Short selling $429.22M; Ratio 19.029%   perked up 1.2%-1.7%. CM BANK (03968.HK)  +0.950 (+2.819%)    Short selling $209.77M; Ratio 22.082%   drifted higher 2.8%. BOC HONG KONG (02388.HK)  -0.100 (-0.245%)    Short selling $58.39M; Ratio 7.652%   receded after peaking at $41.6 and ended lower 0.2%. AIA (01299.HK)  +0.550 (+0.825%)    Short selling $176.70M; Ratio 13.086%   rose 0.8%. HSBC HOLDINGS (00005.HK)  -0.350 (-0.416%)    Short selling $141.85M; Ratio 5.836%   and CHINA MOBILE (00941.HK)  -0.300 (-0.384%)    Short selling $43.69M; Ratio 3.698%   lost 0.4%.

Part of local developers hit the soft spot. WHARF REIC (01997.HK)  -1.700 (-3.137%)    Short selling $25.25M; Ratio 17.794%   plunged 3.1% and became the worst performing blue chip. LINK REIT (00823.HK)  -0.800 (-1.123%)    Short selling $15.98M; Ratio 3.877%   , WHARF HOLDINGS (00004.HK)  -0.350 (-1.070%)    Short selling $91.60M; Ratio 30.129%   and SINO LAND (00083.HK)  -0.100 (-0.690%)    Short selling $3.98M; Ratio 6.679%   slipped 0.7%-1.1%. Oil prices remained in good shape. Three major oil stocks and CHINA SHENHUA (01088.HK)  +0.600 (+2.715%)    Short selling $50.01M; Ratio 7.878%   mounted 0.9%-2.7%.

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