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<H Shrs>HSI Closes Plunging 289 Pts; Building Materials/ Infra/ Brokers/ Pharmas Tumble; MEITUAN-W, XPENG-W Rally Against Mkt
After a volatile session following a slump of over 2,100 points yesterday (8th), the Hong Kong market saw significant fluctuations today. The HSI opened 363 points higher, once ris...
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<H Shrs>HSI Closes Plunging 289 Pts; Building Materials/ Infra/ Brokers/ Pharmas Tumble; MEITUAN-W, XPENG-W Rally Against Mkt
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After a volatile session following a slump of over 2,100 points yesterday (8th), the Hong Kong market saw significant fluctuations today. The HSI opened 363 points higher, once rising 490 points to peak at 21,417. It then plummeted 736 points to as low as 20,190 at one point. Although news of a press conference by the State Council Information Office on stronger fiscal policy boosted the market temporarily after midday, the HSI still closed the day down 289 points, or 1.4%, at 20,637, with a high/ low fluctuation of 1,227 points recorded. The HSCEI dropped 118 points, or 1.6%, to close at 7,365. The HSTECH sagged 55 points or 1.2%, closing at 4,640. The total market turnover for the day amounted to $427.014 billion.

Building materials and heavy machinery stocks tumbled. ANGANG STEEL (00347.HK)  -0.020 (-1.389%)    Short selling $949.60K; Ratio 14.658%   , CNBM (03323.HK)  -0.050 (-1.563%)    Short selling $5.64M; Ratio 30.437%   , MAANSHAN IRON (00323.HK)  -0.020 (-1.709%)    Short selling $928.84K; Ratio 34.847%   , ZOOMLION (01157.HK)  -0.070 (-1.359%)    Short selling $6.27M; Ratio 17.872%   , and BBMG (02009.HK)  -0.010 (-1.250%)    Short selling $367.69K; Ratio 7.801%   descended 8-11%. Railway stocks CHINA COMM CONS (01800.HK)  -0.050 (-0.963%)    Short selling $601.99K; Ratio 3.501%   , CHINA RAIL CONS (01186.HK)  +0.010 (+0.189%)    Short selling $900.49K; Ratio 6.246%   , TIMES ELECTRIC (03898.HK)  +0.450 (+1.607%)    Short selling $2.87M; Ratio 14.134%   , CHINA CRSC (03969.HK)  -0.010 (-0.316%)    Short selling $534.09K; Ratio 10.576%   , CRRC (01766.HK)  +0.070 (+1.468%)    Short selling $508.74K; Ratio 3.352%   , and CHINA RAILWAY (00390.HK)  +0.030 (+0.787%)    Short selling $6.05M; Ratio 21.291%   slid 5.5-6.7%.

In the new energy sector, XINYI SOLAR (00968.HK)  -0.060 (-1.840%)    Short selling $26.03M; Ratio 23.775%   and XINYI GLASS (00868.HK)  -0.020 (-0.239%)    Short selling $5.28M; Ratio 25.987%   dived over 5%. GOLDWIND (02208.HK)  +0.010 (+0.167%)    Short selling $514.34K; Ratio 5.170%   tumbled 6.4%. GCL TECH (03800.HK)  -0.040 (-2.778%)    Short selling $24.61M; Ratio 14.161%   , XINTE ENERGY (01799.HK)  -0.230 (-2.690%)    Short selling $847.11K; Ratio 16.979%   , and FLAT GLASS (06865.HK)  -0.020 (-0.158%)    Short selling $7.75M; Ratio 11.000%   plunged 8-11%. Utility stock GUANGDONG INV (00270.HK)  +0.040 (+0.840%)    Short selling $2.07M; Ratio 29.620%   plummeted 7.7%. Lithium stocks GANFENGLITHIUM (01772.HK)  -0.500 (-2.128%)    Short selling $27.32M; Ratio 19.386%   and TIANQI LITHIUM (09696.HK)  -1.200 (-4.286%)    Short selling $2.88M; Ratio 11.332%   sank over 7%.

As mainland China's stock markets retreated, brokers CICC (03908.HK)  -0.860 (-5.858%)    Short selling $35.43M; Ratio 18.337%   , CSC (06066.HK)  -0.580 (-5.441%)    Short selling $2.96M; Ratio 5.096%   , GF SEC (01776.HK)  -0.440 (-3.806%)    Short selling $1.05M; Ratio 3.468%   , HTSC (06886.HK)  -0.660 (-4.714%)    Short selling $7.40M; Ratio 7.350%   , and CGS (06881.HK)  -0.420 (-5.505%)    Short selling $27.45M; Ratio 13.863%   cascaded 9-13%. Chinese insurers PING AN (02318.HK)  -0.200 (-0.436%)    Short selling $202.12M; Ratio 24.134%   and PICC GROUP (01339.HK)  -0.040 (-1.031%)    Short selling $10.42M; Ratio 14.533%   shed 4% and 4.2%. PICC P&C (02328.HK)  +0.100 (+0.829%)    Short selling $10.39M; Ratio 11.215%   and ZA ONLINE (06060.HK)  -0.080 (-0.601%)    Short selling $4.08M; Ratio 15.443%   descended over 5%.

Chinese developers ebbed. YUEXIU PROPERTY (00123.HK)  -0.080 (-1.349%)    Short selling $5.27M; Ratio 22.297%   , SEAZEN (01030.HK)  -0.050 (-2.439%)    Short selling $2.08M; Ratio 5.181%   , and SINO-OCEAN GP (03377.HK)  0.000 (0.000%)   slumped over 5%. CHINA JINMAO (00817.HK)  0.000 (0.000%)    Short selling $2.86M; Ratio 14.444%   and CHINA VANKE (02202.HK)  -0.190 (-2.888%)    Short selling $24.74M; Ratio 17.315%   waned 7.6% and 8.5%.

Pharma stocks also saw notable declines. WUXI BIO (02269.HK)  -0.100 (-0.659%)    Short selling $107.46M; Ratio 26.526%   , BAIYUNSHAN PH (00874.HK)  -0.060 (-0.330%)    Short selling $291.12K; Ratio 2.922%   , FOSUN PHARMA (02196.HK)  -0.120 (-0.821%)    Short selling $2.64M; Ratio 8.440%   , GENSCRIPT BIO (01548.HK)  +0.760 (+7.024%)    Short selling $16.62M; Ratio 5.909%   , and WEIGAO GROUP (01066.HK)  -0.150 (-3.240%)    Short selling $2.85M; Ratio 35.378%   dropped 5-6.8%. CANSINOBIO (06185.HK)  -0.950 (-3.161%)    Short selling $777.47K; Ratio 5.260%   and PHARMARON (03759.HK)  -0.340 (-2.371%)    Short selling $812.99K; Ratio 2.190%   lost 8.1% and 11.5%.

Regarding techs, MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $666.24M; Ratio 26.280%   rallied 2.3% against the trend. TENCENT (00700.HK)  -2.600 (-0.645%)    Short selling $848.82M; Ratio 11.326%   , JD-SW (09618.HK)  -3.000 (-2.221%)    Short selling $204.23M; Ratio 16.947%   , BIDU-SW (09888.HK)  +1.550 (+1.914%)    Short selling $80.57M; Ratio 28.361%   , and BILIBILI-W (09626.HK)  -15.800 (-9.729%)    Short selling $293.66M; Ratio 24.810%   edged down 0.8-1%. BABA-W (09988.HK)  -0.650 (-0.739%)    Short selling $454.12M; Ratio 20.761%   , XIAOMI-W (01810.HK)  +0.150 (+0.539%)    Short selling $541.48M; Ratio 28.886%   , and NTES-S (09999.HK)  +14.500 (+12.134%)    Short selling $479.83M; Ratio 24.390%   slipped 1.5-1.8%. KUAISHOU-W (01024.HK)  +1.300 (+2.600%)    Short selling $205.94M; Ratio 21.803%   faded 3.4%. In addition, EAST BUY (01797.HK)  -0.120 (-0.817%)    Short selling $1.76M; Ratio 2.485%   , ALI HEALTH (00241.HK)  -0.230 (-5.693%)    Short selling $72.53M; Ratio 39.141%   , and WEIMOB INC (02013.HK)  -0.170 (-9.091%)    Short selling $8.97M; Ratio 5.065%   dived 7.1-9.6%, while MEITU (01357.HK)  -0.040 (-1.294%)    Short selling $22.87M; Ratio 14.659%   plunged 10.9%.

Car stocks GWMOTOR (02333.HK)  +0.260 (+1.958%)    Short selling $41.85M; Ratio 17.413%   and LEAPMOTOR (09863.HK)  -1.050 (-3.261%)    Short selling $15.49M; Ratio 14.323%   waned 4.1% and 5.1%, while XPENG-W (09868.HK)  -0.850 (-1.682%)    Short selling $264.30M; Ratio 39.255%   hiked 4%. As for the three major Chinese oils, CNOOC (00883.HK)  +0.080 (+0.478%)    Short selling $107.77M; Ratio 17.052%   plummeted over 5%, while SINOPEC CORP (00386.HK)  +0.020 (+0.477%)    Short selling $49.60M; Ratio 25.895%   and PETROCHINA (00857.HK)  +0.030 (+0.549%)    Short selling $46.58M; Ratio 25.829%   dropped over 3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 12:25.)

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