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MENGNIU DAIRY Rallies 15%; CN Encourages Local Govts to Boost Milk Consumption
China is encouraging local governments to boost milk consumption by issuing consumption vouchers. MENGNIU DAIRY (02319.HK) opened 14.94% higher this morning, peaking at $20.1, shat...
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MENGNIU DAIRY Rallies 15%; CN Encourages Local Govts to Boost Milk Consumption
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China is encouraging local governments to boost milk consumption by issuing consumption vouchers. MENGNIU DAIRY (02319.HK)  +0.200 (+1.205%)    Short selling $84.61M; Ratio 19.407%   opened 14.94% higher this morning, peaking at $20.1, shattering the resistance of the 250-day MA and closing the downside gap from late March. It last traded at $18.8, up 17.06%, with 33.3618 million shares traded, amounting to $626 million.

H&H INTL HLDG (01112.HK)  -0.110 (-1.127%)    Short selling $908.76K; Ratio 19.213%   opened 3.31% higher today, peaking at $10.76. It last stood at $10.3, up 3.31%, with 186,000 shares traded, amounting to $1.9849 million.

Seven units of the Chinese government, including the Ministry of Agriculture and Rural Affairs, issued a notice proposing to promote the consumption of beef and milk. Scientific publication displayed the quality and nutritional value of fresh beef and fresh milk, promoting “student milk,” and encouraging places with the conditions to stimulate milk consumption through means such as issuing consumption vouchers.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-15 16:25.)

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