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<H Shrs>HSI Opens 522 pts Higher as CHINA RES BEER, MENGNIU DAIRY Surge 10%+; NEW WORLD DEV Spikes 16%
Hong Kong stocks continued its recent uptrend and opened higher. The HSI opened 522 points or 2.6% higher at 20,446. The HSCEI opened 169 points or 2.4% higher at 7,255. The HSTECH...
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<H Shrs>HSI Opens 522 pts Higher as CHINA RES BEER, MENGNIU DAIRY Surge 10%+; NEW WORLD DEV Spikes 16%
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Hong Kong stocks continued its recent uptrend and opened higher. The HSI opened 522 points or 2.6% higher at 20,446. The HSCEI opened 169 points or 2.4% higher at 7,255. The HSTECH opened 130 points or 3.1% higher at 4,340.

HSBC HOLDINGS (00005.HK)  +0.600 (+0.857%)    Short selling $394.03M; Ratio 12.255%   added 0.3% to $70.2, while HKEX (00388.HK)  +30.600 (+11.007%)    Short selling $1.08B; Ratio 7.472%   and AIA (01299.HK)  +4.750 (+7.469%)    Short selling $1.65B; Ratio 21.611%   advanced 5% and 6.1%. CM BANK (03968.HK)  +0.600 (+1.596%)    Short selling $381.78M; Ratio 13.431%   climbed 2.9%.

Related NewsM Stanley: CN Insurers Benefit from PBOC Policies, Stock Mkt Performance Drives ST Industry Momentum
Chinese developers CHINA OVERSEAS (00688.HK)  +1.080 (+7.542%)    Short selling $323.57M; Ratio 15.885%   and LONGFOR GROUP (00960.HK)  +1.940 (+16.469%)    Short selling $438.21M; Ratio 20.673%   leaped 3.2% and 6.6%, while Hong Kong property developer SHK PPT (00016.HK)  +3.150 (+3.777%)    Short selling $353.25M; Ratio 35.151%   elevated 5.3%. NEW WORLD DEV (00017.HK)  +1.770 (+21.612%)    Short selling $202.23M; Ratio 21.681%   spiked 16% on resumption of trading after the resignation of its CEO and discussions on the sale of its stake in the Sports Park.

For consumers, MENGNIU DAIRY (02319.HK)  +2.400 (+14.944%)    Short selling $414.72M; Ratio 11.603%   and XIABUXIABU (00520.HK)  +0.040 (+3.571%)    Short selling $3.72M; Ratio 5.413%   soared over 14%, while CHINA RES BEER (00291.HK)  +2.150 (+7.131%)    Short selling $489.18M; Ratio 22.137%   rallied 10%. JIUMAOJIU (09922.HK)  +0.460 (+13.650%)    Short selling $74.04M; Ratio 11.578%   , CHINA FEIHE (06186.HK)  +0.320 (+6.465%)    Short selling $39.62M; Ratio 7.704%   and TOPSPORTS (06110.HK)  +0.650 (+22.491%)    Short selling $97.42M; Ratio 26.445%   swelled 7.3-8.6%, while casino SANDS CHINA LTD (01928.HK)  +2.360 (+14.048%)    Short selling $343.49M; Ratio 16.064%   escalated 7.1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-27 16:25.)

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