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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)  -2.000 (-2.500%)    Short selling $106.40M; Ratio 11.381%   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)  -0.400 (-2.247%)    Short selling $5.12M; Ratio 5.930%   's interim profit grew 1.1 times, raising its share price by 8.7%. CHINA RES MIXC (01209.HK)  +0.050 (+0.176%)    Short selling $13.18M; Ratio 31.329%   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)  -0.900 (-5.488%)    Short selling $117.16M; Ratio 21.212%   slid 2.1% as its interim profit decreased by 10%. HAIER SMARTHOME (06690.HK)  -0.350 (-1.289%)    Short selling $17.69M; Ratio 4.302%   slipped 2.4% as no dividend was declared even though the company's interim profit climbed 16%. NONGFU SPRING (09633.HK)  0.000 (0.000%)    Short selling $54.44M; Ratio 18.481%   '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 (-1.528%)    Short selling $50.32M; Ratio 13.926%   increased its interim dividend despite a 25% decrease in its 1H profit, its share price still shed 3.2%.

Related NewsCICC Lists Top 15 HK Stocks Overweighted by Southbound Funds Most YTD (Table)
As for tech stocks, BABA-W (09988.HK)  -0.350 (-0.425%)    Short selling $99.67M; Ratio 3.114%   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)  -1.900 (-1.228%)    Short selling $287.99M; Ratio 7.397%   fell 2.4% in the morning after it announced its results after market close. TENCENT (00700.HK)  +1.600 (+0.383%)    Short selling $940.97M; Ratio 16.628%   slipped 1.9%. XIAOMI-W (01810.HK)  +0.300 (+0.878%)    Short selling $804.70M; Ratio 14.949%   and KUAISHOU-W (01024.HK)  -0.350 (-0.828%)    Short selling $94.69M; Ratio 9.677%   edged down 0.7% and 1.4%, while NTES-S (09999.HK)  -1.700 (-1.198%)    Short selling $50.31M; Ratio 12.196%   and BILIBILI-W (09626.HK)  -2.600 (-1.762%)    Short selling $38.53M; Ratio 12.486%   declined more than 2%. BIDU-SW (09888.HK)  -1.200 (-1.412%)    Short selling $97.14M; Ratio 13.790%   plummeted 3.2%. JD-SW (09618.HK)  -1.200 (-0.883%)    Short selling $47.47M; Ratio 6.045%   inched up 1% after announcing a US$5 billion new share buyback plan. EAST BUY (01797.HK)  +0.700 (+4.065%)    Short selling $10.27M; Ratio 2.352%   denied charging a "publicity fee" from the government, elevating its share price by 2.2%. SENSETIME-W (00020.HK)  -0.020 (-1.307%)    Short selling $88.35M; Ratio 18.335%   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 2024-12-30 16:25.)

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