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<H Shrs>HSI Ends Midday Down 173 pts; ANTA SPORTS, HANSOH PHARMA Rally Post Results; NONGFU SPRING Collapses 11%+
Hong Kong stocks waned in the morning market. Opening 26 points lower, the HSI rebounded 4 points in the early session, peaking at 17,879, from which it trended downward again, eve...
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<H Shrs>HSI Ends Midday Down 173 pts; ANTA SPORTS, HANSOH PHARMA Rally Post Results; NONGFU SPRING Collapses 11%+
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Hong Kong stocks waned in the morning market. Opening 26 points lower, the HSI rebounded 4 points in the early session, peaking at 17,879, from which it trended downward again, eventually concluding the midday 173 points, or 1%, lower at 17,700. The HSCEI shed 84 points, or 1.3%, to 6,222. The HSTECH fell 63 points, or 1.8%, to 3,437. The total half-day turnover for the market amounted to $48.416 billion.

Many blue chips have announced their results. ANTA SPORTS (02020.HK)  -1.200 (-1.385%)    Short selling $164.72M; Ratio 30.747%   surged 4.1% after it logged a 63% growth in its interim profit, increased its interim dividend by 44%, and announced its plan to spend up to $10 billion for share buybacks. HANSOH PHARMA (03692.HK)  -0.590 (-2.885%)    Short selling $12.62M; Ratio 6.619%   's interim profit grew 1.1 times, raising its share price by 8.7%. CHINA RES MIXC (01209.HK)  +0.350 (+1.095%)    Short selling $9.38M; Ratio 9.578%   reporting a rise of 36% in its 1H profit, coupled with its interim and special dividend totaling RMB85.4 cents, boosted its share price by 3.3%. HAIDILAO (06862.HK)  +0.040 (+0.252%)    Short selling $57.19M; Ratio 19.237%   slid 2.1% as its interim profit decreased by 10%. HAIER SMARTHOME (06690.HK)  -0.400 (-1.342%)    Short selling $46.93M; Ratio 8.923%   slipped 2.4% as no dividend was declared even though the company's interim profit climbed 16%. NONGFU SPRING (09633.HK)  -0.300 (-1.024%)    Short selling $67.40M; Ratio 28.354%   's packaged water business sales lost 18%, sinking its share price by 11.6% in the morning market. Although CHINA RES LAND (01109.HK)  +0.350 (+1.383%)    Short selling $37.04M; Ratio 10.693%   increased its interim dividend despite a 25% decrease in its 1H profit, its share price still shed 3.2%.

Related NewsHAIER SMARTHOME 1-3Q NP RMB15.15B, Up 15.3% YoY
As for tech stocks, BABA-W (09988.HK)  -0.650 (-0.666%)    Short selling $735.14M; Ratio 13.153%   slid 1.1% along with the broader market after its dual primary listing on the Hong Kong Stock Exchange took effect. MEITUAN-W (03690.HK)  -0.700 (-0.370%)    Short selling $781.98M; Ratio 12.603%   fell 2.4% in the morning after it announced its results after market close. TENCENT (00700.HK)  -3.600 (-0.860%)    Short selling $190.45M; Ratio 3.295%   slipped 1.9%. XIAOMI-W (01810.HK)  -0.050 (-0.193%)    Short selling $306.72M; Ratio 9.152%   and KUAISHOU-W (01024.HK)  -0.300 (-0.634%)    Short selling $227.66M; Ratio 14.630%   edged down 0.7% and 1.4%, while NTES-S (09999.HK)  +0.700 (+0.552%)    Short selling $186.47M; Ratio 21.494%   and BILIBILI-W (09626.HK)  +0.500 (+0.291%)    Short selling $68.54M; Ratio 7.514%   declined more than 2%. BIDU-SW (09888.HK)  -0.500 (-0.550%)    Short selling $151.42M; Ratio 15.701%   plummeted 3.2%. JD-SW (09618.HK)  -4.000 (-2.462%)    Short selling $257.08M; Ratio 13.441%   inched up 1% after announcing a US$5 billion new share buyback plan. EAST BUY (01797.HK)  +0.080 (+0.540%)    Short selling $16.02M; Ratio 7.253%   denied charging a "publicity fee" from the government, elevating its share price by 2.2%. SENSETIME-W (00020.HK)  +0.020 (+1.274%)    Short selling $36.49M; Ratio 4.381%   narrowed interim loss to RMB2.457 billion, but its share price still cascaded down 5.9% in half day.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-29 16:25.)

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