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<H Shrs>HSI Mounts 218 pts at Close; Techs Advance, with XIAOMI Hiking 4%+
HSI escalated 218 points or 1.3% to close at 17,635. HSCEI lifted 88 points or 1.4% to close at 6,253. HSTECH inclined 74 points or 2.1% to close at 3,610. The total market turnove...
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<H Shrs>HSI Mounts 218 pts at Close; Techs Advance, with XIAOMI Hiking 4%+
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HSI escalated 218 points or 1.3% to close at 17,635. HSCEI lifted 88 points or 1.4% to close at 6,253. HSTECH inclined 74 points or 2.1% to close at 3,610. The total market turnover for the whole day was $93.422 billion.

Technology stocks advanced. BABA-SW (09988.HK)  0.000 (0.000%)    Short selling $304.68M; Ratio 13.072%   elevated 1.3% to $74.75, TENCENT (00700.HK)  0.000 (0.000%)    Short selling $448.25M; Ratio 12.543%   ascended 2.5% to $373.2, and MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $893.81M; Ratio 30.042%   rose 3.2% to $121.3. XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $527.41M; Ratio 30.305%   rallied 4.2% after Goldman Sachs and Citi issued positive opinions on the company. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $189.12M; Ratio 21.142%   , BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $104.93M; Ratio 16.961%   and NTES-S (09999.HK)  0.000 (0.000%)    Short selling $67.51M; Ratio 14.440%   elevated 1.4% to 2%. CHINASOFT INT'L (00354.HK)  0.000 (0.000%)    Short selling $13.22M; Ratio 33.597%   and PA GOODDOCTOR (01833.HK)  0.000 (0.000%)    Short selling $36.00M; Ratio 41.394%   lifted 3.4% and 3.2%.

Related NewsCiti Lowers NIO-SW (09866.HK) TP to $53.7; Valuation Convergence w/ XPENG Brings Arbitrage Opportunity
XD INC (02400.HK)  0.000 (0.000%)    Short selling $14.05M; Ratio 22.408%   started public beta for its new game ‘HearTopia’, and its shares spiked 10.6%. New Oriental series speculated higher, with EAST BUY (01797.HK)  0.000 (0.000%)    Short selling $5.60M; Ratio 12.037%   and NEW ORIENTAL-S (09901.HK)  0.000 (0.000%)    Short selling $34.06M; Ratio 30.151%   surging 7.7% and 8.7%.

Mobile phone components company SUNNY OPTICAL (02382.HK)  0.000 (0.000%)    Short selling $43.33M; Ratio 14.616%   forecasted itself to earn more than RMB1 billion in 1H24, with a growth of 1.4x to 1.6x, and its shares added 1%. SMIC (00981.HK)  0.000 (0.000%)    Short selling $8.35M; Ratio 4.085%   advanced 2.3%, while PC maker LENOVO GROUP (00992.HK)  0.000 (0.000%)    Short selling $19.57M; Ratio 8.480%   mounted 3.9%. For electric car stocks, BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $301.60M; Ratio 25.057%   lifted 1.3% to $246, while LEAPMOTOR (09863.HK)  0.000 (0.000%)    Short selling $10.21M; Ratio 21.366%   and XPENG-W (09868.HK)  0.000 (0.000%)    Short selling $99.93M; Ratio 27.286%   gained 2.5% and 3.9%.

On the consumer stocks front, JIUMAOJIU (09922.HK)  0.000 (0.000%)    Short selling $18.69M; Ratio 40.818%   expected its half-year profit to crash up to 70%, and its share price cratered 10.3%. TRIP.COM-S (09961.HK)  0.000 (0.000%)    Short selling $234.30M; Ratio 40.842%   , HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $24.98M; Ratio 35.475%   and MNSO (09896.HK)  0.000 (0.000%)    Short selling $74.75M; Ratio 36.994%   hiked 3.9% to 5.1%, while TINGYI (00322.HK)  0.000 (0.000%)    Short selling $10.77M; Ratio 24.284%   also rose 3.6%.

Related NewsJPM Expects Shr Prices of CN Banks to Stay Weak in Short Term, but Buying Opportunities May Come Given Stable Div.
Pharmaceutical stocks were sought after, with WUXI BIO (02269.HK)  0.000 (0.000%)    Short selling $24.15M; Ratio 12.575%   , INNOVENT BIO (01801.HK)  0.000 (0.000%)    Short selling $22.09M; Ratio 18.356%   and CANSINOBIO (06185.HK)  0.000 (0.000%)    Short selling $864.00K; Ratio 7.371%   rising 3.3% to 4.1%. PHARMARON (03759.HK)  0.000 (0.000%)    Short selling $1.99M; Ratio 8.798%   said it expects interim net profit to grow 34% to 45% YoY under China accounting standards, and its shares spiked 6.4%.

Bank stocks performed well. HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $339.84M; Ratio 41.749%   elevated 1.1% to $67.1, while HANG SENG BANK (00011.HK)  0.000 (0.000%)    Short selling $148.92M; Ratio 48.365%   , BOC HONG KONG (02388.HK)  0.000 (0.000%)    Short selling $58.29M; Ratio 12.790%   , STANCHART (02888.HK)  0.000 (0.000%)    Short selling $1.08M; Ratio 5.748%   , CCB (00939.HK)  0.000 (0.000%)    Short selling $252.68M; Ratio 14.921%   and ABC (01288.HK)  0.000 (0.000%)    Short selling $118.90M; Ratio 25.754%   inclined 1.5% to 2%.

As for other stocks, HKEX (00388.HK)  0.000 (0.000%)    Short selling $67.37M; Ratio 8.775%   incremented 0.1%, while AIA (01299.HK)  0.000 (0.000%)    Short selling $160.00M; Ratio 12.928%   decremented 0.6%. CITIC TELECOM (01883.HK)  0.000 (0.000%)    Short selling $8.32M; Ratio 30.815%   expected its interim net profit to drop about 37% YoY, and its share price cratered 21.3% at close. HUADIAN POWER (01071.HK)  0.000 (0.000%)    Short selling $7.63M; Ratio 21.956%   and CHINA RES GAS (01193.HK)  0.000 (0.000%)    Short selling $14.77M; Ratio 8.088%   lifted 5.5% and 3.7%.

Related NewsJPM: Newest Investment Strategy at PDD Expected to Have Few Impacts on BABA's Short-term GMV & Monetisation
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-05 16:25.)

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