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<H Shrs>HSI Soars 196 Pts at Close; CN Banks & Insurers Rally; WuXi Series Brisk
The market is anticipating the Central Economic Work Conference to be held next week. Opening 35 points higher, the HSI once bottomed at 19,386 with a slump of 163 points in early ...
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<H Shrs>HSI Soars 196 Pts at Close; CN Banks & Insurers Rally; WuXi Series Brisk
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The market is anticipating the Central Economic Work Conference to be held next week. Opening 35 points higher, the HSI once bottomed at 19,386 with a slump of 163 points in early trading. After midday, it surged 218 points at one point to peak at 19,768, eventually ending the day up 196 points or 1% at 19,746. The HSCEI gained 63 points or 0.9% to close at 7,072. The HSTECH hiked 12 points or 0.3%, closing at 4,417. The total market turnover for the day amounted to $126.683 billion.

HKBN (01310.HK)  +0.020 (+0.390%)    Short selling $7.55M; Ratio 14.134%   received a voluntary general offer from China Mobile Hong Kong at $5.23 per share. HKBN leaped 5.6% to $5.13, while CHINA MOBILE (00941.HK)  +0.250 (+0.346%)    Short selling $60.43M; Ratio 9.296%   inched down 0.1% to $72.25.

Chinese banks and insurers performed robustly. ICBC (01398.HK)  +0.010 (+0.212%)    Short selling $35.86M; Ratio 11.629%   , CM BANK (03968.HK)  +0.100 (+0.275%)    Short selling $55.01M; Ratio 14.264%   , CCB (00939.HK)  +0.060 (+0.995%)    Short selling $111.72M; Ratio 9.105%   , ABC (01288.HK)  +0.030 (+0.741%)    Short selling $22.54M; Ratio 10.858%   , BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $16.84M; Ratio 8.935%   , and PSBC (01658.HK)  -0.010 (-0.222%)    Short selling $7.88M; Ratio 8.132%   advanced 1.8-2.4%. CPIC (02601.HK)  -0.500 (-1.934%)    Short selling $8.63M; Ratio 13.640%   spiked 4%. CHINA LIFE (02628.HK)  -0.060 (-0.394%)    Short selling $14.18M; Ratio 9.592%   and PICC P&C (02328.HK)  +0.120 (+0.985%)    Short selling $4.16M; Ratio 3.187%   grew over 2%.

It is reported that the mainland brokers' pilot for the Cross-boundary Wealth Management Connect will officially commence tomorrow. CICC (03908.HK)  -0.120 (-0.856%)    Short selling $8.63M; Ratio 12.545%   and CGS (06881.HK)  +0.001 (+0.014%)    Short selling $4.00M; Ratio 6.677%   added 1.6% and 1.3%, respectively. After the State Administration for Market Regulation approved the merger of Guotai Junan and Haitong Securities, HAITONG SEC (06837.HK)  0.000 (0.000%)    Short selling $10.13M; Ratio 23.642%   edged up 0.6%, while GTJA (02611.HK)  +0.020 (+0.171%)   dipped 0.2%.

TENCENT (00700.HK)  -1.200 (-0.297%)    Short selling $386.91M; Ratio 14.395%   's WeDoctor is said to plan to list in Hong Kong next year. TENCENT escalated 1.2%. Among other tech stocks, BABA-W (09988.HK)  -0.450 (-0.533%)    Short selling $239.01M; Ratio 9.176%   and NTES-S (09999.HK)  +2.600 (+1.869%)    Short selling $81.70M; Ratio 32.703%   climbed 0.5% and 0.7%. JD-SW (09618.HK)  -2.900 (-1.996%)    Short selling $120.49M; Ratio 20.942%   and MEITUAN-W (03690.HK)  -0.300 (-0.181%)    Short selling $723.48M; Ratio 20.486%   fell 1.1% and 1.4%. XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $444.10M; Ratio 22.290%   , BIDU-SW (09888.HK)  -0.500 (-0.594%)    Short selling $42.18M; Ratio 26.724%   , and BILIBILI-W (09626.HK)  -7.000 (-4.459%)    Short selling $185.76M; Ratio 34.519%   swelled 1.5-1.9%. NEW ORIENTAL-S (09901.HK)  +2.400 (+5.053%)    Short selling $43.11M; Ratio 33.434%   shot up 2.9%.

In addition, LENOVO GROUP (00992.HK)  -0.140 (-1.477%)    Short selling $25.41M; Ratio 10.475%   and TME-SW (01698.HK)  +0.900 (+1.921%)    Short selling $56.85K; Ratio 14.126%   surged 4.1% and 6.1%, while KINGSOFT CLOUD (03896.HK)  +0.410 (+10.594%)    Short selling $43.12M; Ratio 8.415%   , MEITU (01357.HK)  +0.080 (+2.878%)    Short selling $6.88M; Ratio 6.503%   , and HORIZONROBOT-W (09660.HK)  +0.140 (+3.423%)   sank 3.5-4.5%.

In terms of EV stocks, XPENG-W (09868.HK)  +1.250 (+2.564%)    Short selling $128.41M; Ratio 19.347%   saw a 29% MoM increase in EV deliveries last month, but its stock price sagged 0.1%. China's official media released an article commenting that BYD COMPANY (01211.HK)  -2.000 (-0.762%)    Short selling $56.26M; Ratio 14.044%   "negotiating prices" with suppliers was reasonable. BYD COMPANY ascended 1%. GAC GROUP (02238.HK)  -0.240 (-6.761%)    Short selling $30.76M; Ratio 9.395%   , which surged over 25% yesterday, retreated 4.8%. GWMOTOR (02333.HK)  -0.480 (-3.535%)    Short selling $54.42M; Ratio 34.243%   jumped up by 5.3%.

In the pharma sector, TRAD CHI MED (00570.HK)  -0.060 (-2.510%)    Short selling $7.66M; Ratio 12.538%   and WUXI BIO (02269.HK)  +0.100 (+0.598%)    Short selling $64.36M; Ratio 17.362%   rocketed 7.7% and 7.9%, while WUXI APPTEC (02359.HK)  -0.800 (-1.534%)    Short selling $47.17M; Ratio 30.656%   leaped 6.3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-04 12:25.)

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