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Updated2024/11/14 15:10
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<H Shrs>HSI Wanes 159 Pts at Close; CN Banks Shore up Mkt; Consumers, Pharmas Retreat
Hong Kong stocks fluctuated and softened even though China's Ministry of Finance (MOF) announced plans to introduce a series of targeted incremental policy measures in the shor...
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<H Shrs>HSI Wanes 159 Pts at Close; CN Banks Shore up Mkt; Consumers, Pharmas Retreat
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Hong Kong stocks fluctuated and softened even though China's Ministry of Finance (MOF) announced plans to introduce a series of targeted incremental policy measures in the short term. The HSI opened 23 points lower. With early losses widening to 558 points, it once bottomed at 20,693. After midday, it peaked at 21,348 with a rise of 96 points at one point. It eventually closed the day down 159 points, or 0.75%, at 21,092. The HSCEI fell 40 points, or 0.5%, to close at 7,579. The HSTECH slipped 67 points, or 1.4%, closing at 4,668. The total market turnover for the day amounted to $277.073 billion.

The MOF stated that it would effectively use special bonds to acquire existing commercial housing. Chinese developers CHINA RES LAND (01109.HK)  -1.000 (-3.992%)    Short selling $179.20M; Ratio 25.885%   , CHINA OVERSEAS (00688.HK)  -0.520 (-3.626%)    Short selling $121.39M; Ratio 20.471%   , GREENTOWN CHINA (03900.HK)  -0.140 (-1.463%)    Short selling $26.67M; Ratio 17.823%   , and YUEXIU PROPERTY (00123.HK)  -0.150 (-2.467%)    Short selling $19.14M; Ratio 19.296%   escalated over 5%, while R&F PROPERTIES (02777.HK)  -0.110 (-6.111%)    Short selling $13.47M; Ratio 7.639%   , SUNAC (01918.HK)  -0.200 (-7.042%)    Short selling $37.33M; Ratio 1.884%   , and AGILE GROUP (03383.HK)  -0.060 (-6.667%)   sagged 4.5%, 5.3%, and 7.2%, respectively.

The People's Bank of China and three other departments announced plans for a batch of significant landmark projects. Heavy machinery stock ZOOMLION (01157.HK)  -0.160 (-3.013%)    Short selling $8.40M; Ratio 13.332%   hiked 2.9%. In addition, the MOF initiated capital replenishment for major state-owned banks. Chinese banks ABC (01288.HK)  -0.030 (-0.783%)    Short selling $190.06M; Ratio 34.696%   and ICBC (01398.HK)  -0.030 (-0.647%)    Short selling $609.81M; Ratio 36.843%   swelled 3.4%, while BANK OF CHINA (03988.HK)  -0.050 (-1.374%)    Short selling $478.73M; Ratio 43.361%   and CCB (00939.HK)  -0.090 (-1.518%)    Short selling $735.78M; Ratio 34.743%   climbed over 2%.

Consumer stocks retreated. ANTA SPORTS (02020.HK)  -2.000 (-2.404%)    Short selling $163.06M; Ratio 30.000%   and JIUMAOJIU (09922.HK)  -0.280 (-7.735%)    Short selling $12.97M; Ratio 14.194%   slumped 8.7% and 10%. TOPSPORTS (06110.HK)  -0.150 (-5.792%)    Short selling $7.42M; Ratio 17.919%   dived 7.7%. BUD APAC (01876.HK)  -0.280 (-3.518%)    Short selling $38.40M; Ratio 27.746%   , CTG DUTY-FREE (01880.HK)  -2.500 (-4.596%)    Short selling $18.87M; Ratio 16.778%   , SAMSONITE (01910.HK)  +0.440 (+2.450%)    Short selling $84.17M; Ratio 13.739%   , and HISENSE HA (00921.HK)  -1.650 (-6.471%)    Short selling $17.49M; Ratio 19.154%   descended 5.3-6.9%.

Pharmas INNOVENT BIO (01801.HK)  +0.550 (+1.480%)    Short selling $65.53M; Ratio 17.596%   and BEIGENE (06160.HK)  -3.800 (-3.193%)    Short selling $50.67M; Ratio 20.798%   slid over 5%, while WUXI APPTEC (02359.HK)  -4.450 (-8.098%)    Short selling $26.01M; Ratio 4.342%   , PHARMARON (03759.HK)  -0.720 (-4.781%)    Short selling $861.23K; Ratio 0.771%   , and CSPC PHARMA (01093.HK)  -0.060 (-1.143%)    Short selling $91.32M; Ratio 26.976%   sank over 4%. WUXI BIO (02269.HK)  -0.900 (-5.597%)    Short selling $315.45M; Ratio 22.692%   slipped 3.9%.

As for techs, BABA-W (09988.HK)  -2.600 (-2.871%)    Short selling $859.66M; Ratio 14.402%   , TENCENT (00700.HK)  -0.400 (-0.099%)    Short selling $2.13B; Ratio 15.023%   , and XIAOMI-W (01810.HK)  -1.050 (-3.633%)    Short selling $1.13B; Ratio 25.977%   edged down 0.6%, while JD-SW (09618.HK)  -6.700 (-4.725%)    Short selling $534.02M; Ratio 20.837%   added 1%. BILIBILI-W (09626.HK)  -6.400 (-3.791%)    Short selling $107.39M; Ratio 15.680%   , NTES-S (09999.HK)  -1.100 (-0.912%)    Short selling $143.07M; Ratio 11.150%   , BIDU-SW (09888.HK)  -2.250 (-2.703%)    Short selling $136.95M; Ratio 15.820%   , and KUAISHOU-W (01024.HK)  -2.000 (-3.846%)    Short selling $202.43M; Ratio 8.864%   faded 2.3-3.3%. MEITUAN-W (03690.HK)  -6.100 (-3.478%)    Short selling $1.40B; Ratio 24.438%   waned 5.2%. Additionally, XD INC (02400.HK)  -0.350 (-1.632%)    Short selling $7.93M; Ratio 14.910%   and SENSETIME-W (00020.HK)  0.000 (0.000%)    Short selling $78.35M; Ratio 8.702%   drooped 5.3% and 6.4%, while EAST BUY (01797.HK)  -0.960 (-6.138%)    Short selling $12.94M; Ratio 6.986%   and KINGSOFT CLOUD (03896.HK)  +0.170 (+7.522%)    Short selling $42.12M; Ratio 6.288%   cascaded 8.2% and 9.6%. LENOVO GROUP (00992.HK)  -0.360 (-3.711%)    Short selling $64.73M; Ratio 10.102%   and SMIC (00981.HK)  -0.600 (-2.210%)    Short selling $447.48M; Ratio 14.359%   bucked the trend, spiking 3% and 4.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-14 16:25.)

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