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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 $557.92M; Ratio 8.338%   , BABA-W (09988.HK)  0.000 (0.000%)    Short selling $810.25M; Ratio 12.457%   , MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $937.45M; Ratio 22.028%   , JD-SW (09618.HK)  0.000 (0.000%)    Short selling $289.86M; Ratio 18.216%   , and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $185.83M; Ratio 14.133%   descended 2.3-2.7%. KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $268.28M; Ratio 18.299%   and NTES-S (09999.HK)  0.000 (0.000%)    Short selling $155.79M; Ratio 22.545%   sagged 3.2% and 3.9%, while XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $1.01B; Ratio 20.848%   faded 1.2%.

In addition, WEIMOB INC (02013.HK)  0.000 (0.000%)    Short selling $9.53M; Ratio 16.807%   and KINGSOFT CLOUD (03896.HK)  0.000 (0.000%)    Short selling $28.97M; Ratio 5.587%   drooped 3.5% and 3.9%, while AAC TECH (02018.HK)  0.000 (0.000%)    Short selling $37.07M; Ratio 10.657%   , SENSETIME-W (00020.HK)  0.000 (0.000%)    Short selling $94.82M; Ratio 20.550%   , NEW ORIENTAL-S (09901.HK)  0.000 (0.000%)    Short selling $43.28M; Ratio 32.594%   , CHINASOFT INT'L (00354.HK)  0.000 (0.000%)    Short selling $5.19M; Ratio 5.065%   , and GDS-SW (09698.HK)  0.000 (0.000%)    Short selling $8.56M; Ratio 29.930%   dived 4.2-4.7%. SMIC (00981.HK)  0.000 (0.000%)    Short selling $204.89M; Ratio 17.905%   eventually fell 2.1% at the market close.

Consumer and domestic demand stocks faltered generally. JIUMAOJIU (09922.HK)  0.000 (0.000%)    Short selling $3.97M; Ratio 6.127%   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 $35.40M; Ratio 13.776%   , CHINA RES BEER (00291.HK)  0.000 (0.000%)    Short selling $30.79M; Ratio 23.563%   , YUM CHINA (09987.HK)  0.000 (0.000%)    Short selling $29.23M; Ratio 14.639%   , HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $2.35M; Ratio 12.937%   , and TRIP.COM-S (09961.HK)  0.000 (0.000%)    Short selling $181.92M; Ratio 23.807%   slipped 2.8-3.6%. MNSO (09896.HK)  0.000 (0.000%)    Short selling $40.61M; Ratio 15.479%   gained 4.5%. Car stocks GWMOTOR (02333.HK)  0.000 (0.000%)    Short selling $19.76M; Ratio 21.060%   and NIO-SW (09866.HK)  0.000 (0.000%)    Short selling $76.80M; Ratio 41.443%   lost 3.4% and 6.1%.

Pharma stocks TRAD CHI MED (00570.HK)  0.000 (0.000%)    Short selling $2.31M; Ratio 2.581%   plummeted 35.1% as Sinopharm Common Wealth's privatization proposal lapsed. CMS (00867.HK)  0.000 (0.000%)    Short selling $255.83K; Ratio 1.132%   , AKESO (09926.HK)  0.000 (0.000%)    Short selling $71.14M; Ratio 11.222%   , LUYE PHARMA (02186.HK)  0.000 (0.000%)    Short selling $2.44M; Ratio 13.263%   , and HANSOH PHARMA (03692.HK)  0.000 (0.000%)    Short selling $35.23M; Ratio 27.596%   also waned over 3%.

In the financial sector, HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $176.21M; Ratio 27.235%   edged down 0.3%, while HKEX (00388.HK)  0.000 (0.000%)    Short selling $219.37M; Ratio 19.666%   and AIA (01299.HK)  0.000 (0.000%)    Short selling $287.07M; Ratio 23.057%   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 $164.22M; Ratio 13.420%   slipped 1.8%.

Chinese banks CM BANK (03968.HK)  0.000 (0.000%)    Short selling $80.93M; Ratio 16.685%   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $144.61M; Ratio 11.353%   , BANKCOMM (03328.HK)  0.000 (0.000%)    Short selling $60.47M; Ratio 29.643%   , ICBC (01398.HK)  0.000 (0.000%)    Short selling $229.24M; Ratio 25.508%   , and PSBC (01658.HK)  0.000 (0.000%)    Short selling $46.09M; Ratio 22.593%   sagged 1.7-2.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-26 16:25.)

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