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<Midday Wrap-up>HSI Spikes 390 Pts; XIAOMI/ BOCHK Leap 12%/ 7%+
The HSI, after opening 270 pts higher this morning, sharpened its gains. At midday close, it leapfrogged 390 pts or 2.4% to 16,931. The HSCEI rose 152 pts or 2.6% to 5,962. The HST...
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<Midday Wrap-up>HSI Spikes 390 Pts; XIAOMI/ BOCHK Leap 12%/ 7%+
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The HSI, after opening 270 pts higher this morning, sharpened its gains. At midday close, it leapfrogged 390 pts or 2.4% to 16,931. The HSCEI rose 152 pts or 2.6% to 5,962. The HSTECH gained 82 pts or 2.4% to 3,559. Half-day turnover totaled $89.012 billion.

XIAOMI-W (01810.HK)  +0.850 (+2.760%)    Short selling $1.23B; Ratio 19.064%   surged $12 at midday after the second round of additional sales of Xiaomi SU7 Founders Edition was sold out. LEAPMOTOR (09863.HK)  +1.050 (+3.387%)    Short selling $18.04M; Ratio 9.714%   and XPENG-W (09868.HK)  +0.100 (+0.206%)    Short selling $113.73M; Ratio 19.636%   dived 6.3% and 5.9% respectively. BRILLIANCE CHI (01114.HK)  -0.150 (-4.076%)    Short selling $34.83M; Ratio 15.943%   skyrocketed 30.6% as it will hold a board meeting next month to consider a special dividend. GEELY AUTO (00175.HK)  -0.160 (-1.034%)    Short selling $147.25M; Ratio 20.174%   rallied 2.3% after total sales in March hiked 39% YoY. BYD COMPANY (01211.HK)  -1.600 (-0.596%)    Short selling $169.47M; Ratio 13.234%   and LI AUTO-W (02015.HK)  +2.200 (+2.416%)    Short selling $398.30M; Ratio 22.781%   added 1.5% and 1.7% after the former’s car sales in March climbed 46% YoY, and the latter tracked a 39% YoY increase in new car deliveries in March.

Related NewsCCBI Trims WH GROUP (00288.HK) TP to $7.2; US Upstream Capacity Reduction On Track
SMIC (00981.HK)  +2.150 (+8.222%)    Short selling $1.05B; Ratio 11.096%   and HUA HONG SEMI (01347.HK)  +0.950 (+4.634%)    Short selling $49.50M; Ratio 4.873%   added 0.9% and 2% as their last year's net profits dropped 50% and 38% each. As to other techs, BABA-SW (09988.HK)  -2.850 (-3.436%)    Short selling $1.70B; Ratio 15.943%   rose 1.1%. TENCENT (00700.HK)  +11.200 (+2.697%)    Short selling $3.61B; Ratio 18.889%   , BIDU-SW (09888.HK)  -2.150 (-2.556%)    Short selling $348.01M; Ratio 26.170%   and KUAISHOU-W (01024.HK)  -2.450 (-5.420%)    Short selling $1.08B; Ratio 29.537%   lifted 2%-3%. MEITUAN-W (03690.HK)  +0.200 (+0.126%)    Short selling $697.94M; Ratio 12.882%   jumped up 4%. NTES-S (09999.HK)  -0.900 (-0.626%)    Short selling $99.44M; Ratio 16.221%   tumbled 7.1% after a report from Morgan Stanley said that the company's game She Diao (Condor Heroes) failed expectations. SENSETIME-W (00020.HK)  -0.010 (-0.662%)    Short selling $140.70M; Ratio 24.904%   , GDS-SW (09698.HK)  -0.360 (-1.877%)    Short selling $3.99M; Ratio 10.714%   and PA GOODDOCTOR (01833.HK)  -0.120 (-1.840%)    Short selling $4.08M; Ratio 5.850%   each swelled more than 4%.

For financials, BOC HONG KONG (02388.HK)  -0.450 (-1.793%)    Short selling $76.35M; Ratio 16.215%   jumped up 7.2% after profit attributable to shareholders increased 26% last year and dividend payout ratio was raised. HANG SENG BANK (00011.HK)  -0.650 (-0.707%)    Short selling $84.25M; Ratio 23.453%   shot up 4.7%. CCB (00939.HK)  -0.040 (-0.639%)    Short selling $265.67M; Ratio 12.220%   , earning 2.4% more for 2023, mounted 2.8%. BANK OF CHINA (03988.HK)  -0.010 (-0.263%)    Short selling $128.65M; Ratio 12.058%   and ABC (01288.HK)  -0.010 (-0.239%)    Short selling $130.66M; Ratio 23.074%   , with net profits hiking 2.4% and 3.9% last year, grew 1.5% each. HKEX (00388.HK)  -2.800 (-0.937%)    Short selling $245.42M; Ratio 11.004%   , AIA (01299.HK)  +0.200 (+0.366%)    Short selling $200.51M; Ratio 10.071%   , PING AN (02318.HK)  -0.250 (-0.547%)    Short selling $204.37M; Ratio 15.360%   and CHINA LIFE (02628.HK)  -0.020 (-0.138%)    Short selling $65.61M; Ratio 13.636%   advanced more than 2%. HSBC HOLDINGS (00005.HK)  -0.250 (-0.336%)    Short selling $201.49M; Ratio 22.910%   climbed 1.1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-20 16:25.)

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