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Updated2024/12/27 15:10
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<H Shrs>HSI Closes Down 247 pts as CN Developers, Commodities Stocks Take Lead to Drop; NIO Spikes 13%
The HSI dropped 247 points or 1.4% to close at 17,196. The HSCEI slipped 102 points or 1.7% to close at 6,002. The HSTECH faded 51 points or 1.5% to close at 3,436. The HSI series ...
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<H Shrs>HSI Closes Down 247 pts as CN Developers, Commodities Stocks Take Lead to Drop; NIO Spikes 13%
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The HSI dropped 247 points or 1.4% to close at 17,196. The HSCEI slipped 102 points or 1.7% to close at 6,002. The HSTECH faded 51 points or 1.5% to close at 3,436. The HSI series quarterly review and weighting changes take effect today, with total market turnover for the day rising to $133.665 billion.

The China Index Academy (CIA) said that the wait-and-see sentiment for buying homes among residents declined in August. Chinese developers SEAZEN (01030.HK)  -0.020 (-1.105%)    Short selling $3.18M; Ratio 9.552%   and R&F PROPERTIES (02777.HK)  -0.010 (-0.709%)    Short selling $569.80K; Ratio 2.993%   cascaded 6.9% and 9.2%, while GREENTOWN CHINA (03900.HK)  -0.020 (-0.216%)    Short selling $12.34M; Ratio 20.956%   , AGILE GROUP (03383.HK)  -0.020 (-2.532%)   and CIFI HOLD GP (00884.HK)  -0.005 (-1.667%)   shed 4.8-6.3%.

Chinese and Hong Kong consumers declined as China's inflation missed expectations in August, with PRADA (01913.HK)  +0.100 (+0.159%)    Short selling $1.12M; Ratio 2.122%   dipping 5.9%. HAIER SMARTHOME (06690.HK)  -0.650 (-2.338%)    Short selling $32.97M; Ratio 14.220%   , SAMSONITE (01910.HK)  -0.050 (-0.231%)    Short selling $11.40M; Ratio 18.200%   , CTG DUTY-FREE (01880.HK)  -1.900 (-3.357%)    Short selling $7.21M; Ratio 8.804%   , HAIDILAO (06862.HK)  -0.600 (-3.529%)    Short selling $47.07M; Ratio 15.382%   , HISENSE HA (00921.HK)  -0.550 (-2.204%)    Short selling $17.29M; Ratio 24.051%   and JIUMAOJIU (09922.HK)  -0.140 (-3.889%)    Short selling $1.23M; Ratio 1.475%   sagged 4-5%.

Oil prices fell over 2% again last Friday (6th). SINOPEC CORP (00386.HK)  +0.020 (+0.458%)    Short selling $82.31M; Ratio 19.096%   and PETROCHINA (00857.HK)  0.000 (0.000%)    Short selling $121.66M; Ratio 19.049%   receded 5.6% and 6.2%, while CNOOC (00883.HK)  +0.080 (+0.430%)    Short selling $298.26M; Ratio 19.539%   cratered 3.8%. Oil service stock CHINA OILFIELD (02883.HK)  +0.020 (+0.294%)    Short selling $3.91M; Ratio 11.319%   shrank 5.9%, while coal stocks CHINA SHENHUA (01088.HK)  +0.500 (+1.538%)    Short selling $117.51M; Ratio 16.935%   , YANKUANG ENERGY (01171.HK)  +0.060 (+0.693%)    Short selling $23.30M; Ratio 11.881%   and CHINA COAL (01898.HK)  -0.080 (-0.889%)    Short selling $37.36M; Ratio 15.297%   slumped 3.7-4.6%.

Gold stocks SD GOLD (01787.HK)  +0.080 (+0.634%)    Short selling $4.48M; Ratio 3.762%   and ZIJIN MINING (02899.HK)  -0.020 (-0.139%)    Short selling $45.27M; Ratio 17.181%   descended 4.4% and 3.6%, while metal stocks JIANGXI COPPER (00358.HK)  +0.060 (+0.485%)    Short selling $9.51M; Ratio 15.137%   , MMG (01208.HK)  +0.020 (+0.794%)    Short selling $17.66M; Ratio 31.717%   and CMOC (03993.HK)  -0.040 (-0.749%)    Short selling $20.69M; Ratio 9.533%   stumbled 3.6-5.3%.

For other stocks, automaker NIO-SW (09866.HK)  +1.200 (+3.409%)    Short selling $42.33M; Ratio 28.879%   spiked 13.1% after its 2Q24 revenue hit all-time new high, with many brokers liking it. AKESO (09926.HK)  -0.800 (-1.329%)    Short selling $19.45M; Ratio 4.430%   soared 15.8% on positive results from test on ivonescimab.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-27 16:25.)

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