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HSI Up 70 Pts; MOST KWAI CHUNG Tumbles 45.5%
This morning, Hang Seng Index opened up 131 pts but eased back over 200 pts at most to sink below 30,000 in morning trade. It ticked up after midday to peak at 30,252. At close, the benchmark index elevated 70 pts or 0.2% to 30,093. Hang Seng China Enterprises Index sank 2 pts to 11,998. Market turnover reached $137.287 billion.

AIA (01299.HK)  +1.100 (+1.685%)    Short selling $569.79M; Ratio 38.295%   rebounded 1.7%. TENCENT (00700.HK)  -2.600 (-0.631%)    Short selling $1.63B; Ratio 9.644%   eased back 0.6% to $409.6. The President Lau Chi Ping had unloaded on-market 1 million shares on Tuesday (27 March) at an average price of $434.3624, cashing in $434 million.

Debuted yesterday, MOST KWAI CHUNG (01716.HK)  -2.900 (-45.455%)   slumped 45.5% at close today.

Chinese auto makers remained under pressure. BRILLIANCE CHI (01114.HK)  -0.520 (-3.077%)    Short selling $242.84M; Ratio 19.305%   tumbled 3.1% after Bank of America Merrill Lynch had said BRILLIANCE CHI 2H17 net profit only rose 10% yearly, falling short of street consensus. BYD COMPANY (01211.HK)  -2.050 (-3.241%)    Short selling $192.14M; Ratio 20.758%   , under selling pressure, slipped 3.2%. BAIC MOTOR (01958.HK)  -0.200 (-2.037%)    Short selling $63.18M; Ratio 29.771%   , DONGFENG GROUP (00489.HK)  -0.290 (-3.085%)    Short selling $39.63M; Ratio 16.329%   and GAC GROUP (02238.HK)  -0.380 (-2.561%)    Short selling $11.92M; Ratio 2.277%   dived 2%-3%.

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