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<H Shrs>HSI Ends Plunging 325 Pts; Tech & Domestic Demand Stocks Lackluster; SMIC Falls at Close
After surging over 700 points last Friday (18th), the Hong Kong stock market retreated today (21st). Opening 73 points lower, the HSI managed to peak at 20,845 with a rise of 41 po...
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<H Shrs>HSI Ends Plunging 325 Pts; Tech & Domestic Demand Stocks Lackluster; SMIC Falls at Close
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After surging over 700 points last Friday (18th), the Hong Kong stock market retreated today (21st). Opening 73 points lower, the HSI managed to peak at 20,845 with a rise of 41 points in the early session. But with a slump of 381 points, it bottomed at 20,423 near the market close. It eventually ended the day down 325 points, or 1.6%, at 20,478. The HSCEI shed 131 points, or 1.8%, to close at 7,340. The HSTECH slid 108 points, or 2.4%, closing at 4,491. The total market turnover for the day was $195.563 billion.

Techs waned across the board. TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.03B; Ratio 13.966%   , BABA-W (09988.HK)  0.000 (0.000%)    Short selling $510.45M; Ratio 13.512%   , MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $1.07B; Ratio 15.676%   , JD-SW (09618.HK)  0.000 (0.000%)    Short selling $228.73M; Ratio 15.469%   , and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $85.35M; Ratio 16.472%   descended 2.3-2.7%. KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $155.61M; Ratio 10.320%   and NTES-S (09999.HK)  0.000 (0.000%)    Short selling $183.84M; Ratio 22.846%   sagged 3.2% and 3.9%, while XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $769.64M; Ratio 15.651%   faded 1.2%.

In addition, WEIMOB INC (02013.HK)  0.000 (0.000%)    Short selling $6.25M; Ratio 15.673%   and KINGSOFT CLOUD (03896.HK)  0.000 (0.000%)    Short selling $37.38M; Ratio 11.126%   drooped 3.5% and 3.9%, while AAC TECH (02018.HK)  0.000 (0.000%)    Short selling $53.63M; Ratio 17.954%   , SENSETIME-W (00020.HK)  0.000 (0.000%)    Short selling $23.32M; Ratio 6.370%   , NEW ORIENTAL-S (09901.HK)  0.000 (0.000%)    Short selling $90.66M; Ratio 31.916%   , CHINASOFT INT'L (00354.HK)  0.000 (0.000%)    Short selling $12.02M; Ratio 14.265%   , and GDS-SW (09698.HK)  0.000 (0.000%)    Short selling $4.15M; Ratio 23.235%   dived 4.2-4.7%. SMIC (00981.HK)  0.000 (0.000%)    Short selling $112.01M; Ratio 9.027%   eventually fell 2.1% at the market close.

Consumer and domestic demand stocks faltered generally. JIUMAOJIU (09922.HK)  0.000 (0.000%)    Short selling $8.18M; Ratio 13.663%   reported a 10.3-32.5% decline in same-store daily sales for its main brand in 3Q. Its stock price sank 7.2%. SA SA INT'L (00178.HK)  0.000 (0.000%)   expected interim net profit to fall about 65-69% YoY. Its stock price tumbled 6.8%. AIR CHINA (00753.HK)  0.000 (0.000%)    Short selling $7.09M; Ratio 5.553%   , CHINA RES BEER (00291.HK)  0.000 (0.000%)    Short selling $24.38M; Ratio 13.200%   , YUM CHINA (09987.HK)  0.000 (0.000%)    Short selling $26.95M; Ratio 24.784%   , HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $13.37M; Ratio 34.326%   , and TRIP.COM-S (09961.HK)  0.000 (0.000%)    Short selling $302.96M; Ratio 31.713%   slipped 2.8-3.6%. MNSO (09896.HK)  0.000 (0.000%)    Short selling $192.92M; Ratio 17.156%   gained 4.5%. Car stocks GWMOTOR (02333.HK)  0.000 (0.000%)    Short selling $129.93M; Ratio 21.830%   and NIO-SW (09866.HK)  0.000 (0.000%)    Short selling $140.52M; Ratio 53.122%   lost 3.4% and 6.1%.

Pharma stocks TRAD CHI MED (00570.HK)  0.000 (0.000%)    Short selling $57.05M; Ratio 14.207%   plummeted 35.1% as Sinopharm Common Wealth's privatization proposal lapsed. CMS (00867.HK)  0.000 (0.000%)    Short selling $1.75M; Ratio 6.503%   , AKESO (09926.HK)  0.000 (0.000%)    Short selling $62.24M; Ratio 9.983%   , LUYE PHARMA (02186.HK)  0.000 (0.000%)    Short selling $3.41M; Ratio 4.999%   , and HANSOH PHARMA (03692.HK)  0.000 (0.000%)    Short selling $10.83M; Ratio 8.345%   also waned over 3%.

In the financial sector, HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $100.08M; Ratio 7.227%   edged down 0.3%, while HKEX (00388.HK)  0.000 (0.000%)    Short selling $144.74M; Ratio 13.522%   and AIA (01299.HK)  0.000 (0.000%)    Short selling $327.39M; Ratio 18.029%   shed 1.6% and 2.2%. As its subsidiary Ping An Bank logged a 2.8% decline in 3Q profit, PING AN (02318.HK)  0.000 (0.000%)    Short selling $226.45M; Ratio 19.230%   slipped 1.8%.

Chinese banks CM BANK (03968.HK)  0.000 (0.000%)    Short selling $71.90M; Ratio 8.367%   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $106.33M; Ratio 12.729%   , BANKCOMM (03328.HK)  0.000 (0.000%)    Short selling $37.75M; Ratio 28.203%   , ICBC (01398.HK)  0.000 (0.000%)    Short selling $229.68M; Ratio 15.267%   , and PSBC (01658.HK)  0.000 (0.000%)    Short selling $14.74M; Ratio 7.621%   sagged 1.7-2.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-03 16:25.)

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