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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)  -0.700 (-0.999%)    Short selling $41.00M; Ratio 23.504%   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)  +0.020 (+0.102%)    Short selling $12.19M; Ratio 28.165%   's interim profit grew 1.1 times, raising its share price by 8.7%. CHINA RES MIXC (01209.HK)  -0.300 (-1.247%)    Short selling $15.18M; Ratio 18.422%   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)  -0.020 (-0.161%)    Short selling $16.20M; Ratio 25.222%   slid 2.1% as its interim profit decreased by 10%. HAIER SMARTHOME (06690.HK)  -0.100 (-0.416%)    Short selling $14.79M; Ratio 14.511%   slipped 2.4% as no dividend was declared even though the company's interim profit climbed 16%. NONGFU SPRING (09633.HK)  -0.650 (-2.600%)    Short selling $96.73M; Ratio 28.341%   's packaged water business sales lost 18%, sinking its share price by 11.6% in the morning market. Although CHINA RES LAND (01109.HK)  -0.420 (-2.143%)    Short selling $62.57M; Ratio 23.290%   increased its interim dividend despite a 25% decrease in its 1H profit, its share price still shed 3.2%.

Related NewsCICC: Southbound Fund Inflow to BABA-W Tops $16.4B Last Wk, Ranking 1st
As for tech stocks, BABA-W (09988.HK)  -0.750 (-0.906%)    Short selling $214.48M; Ratio 9.869%   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)  +3.500 (+2.846%)    Short selling $761.16M; Ratio 28.361%   fell 2.4% in the morning after it announced its results after market close. TENCENT (00700.HK)  +3.000 (+0.800%)    Short selling $644.99M; Ratio 22.328%   slipped 1.9%. XIAOMI-W (01810.HK)  +0.020 (+0.104%)    Short selling $109.76M; Ratio 21.021%   and KUAISHOU-W (01024.HK)  +1.750 (+4.587%)    Short selling $77.27M; Ratio 12.522%   edged down 0.7% and 1.4%, while NTES-S (09999.HK)  -1.500 (-1.233%)    Short selling $69.46M; Ratio 16.627%   and BILIBILI-W (09626.HK)  -5.800 (-4.805%)    Short selling $42.67M; Ratio 16.976%   declined more than 2%. BIDU-SW (09888.HK)  +0.550 (+0.670%)    Short selling $107.94M; Ratio 21.331%   plummeted 3.2%. JD-SW (09618.HK)  -0.900 (-0.863%)    Short selling $171.38M; Ratio 25.903%   inched up 1% after announcing a US$5 billion new share buyback plan. EAST BUY (01797.HK)  -0.200 (-1.656%)    Short selling $1.31M; Ratio 13.961%   denied charging a "publicity fee" from the government, elevating its share price by 2.2%. SENSETIME-W (00020.HK)  +0.030 (+2.885%)    Short selling $8.96M; Ratio 13.529%   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 2024-09-16 16:25.)

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