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<H Shrs>HSI Closes Down 307 Pts as LI NING Erodes 7%; CCB/ BANK OF CHINA Boom
The HSI faded 307 points or 1.3% to close at 23,119. The HSCEI dropped 89 points or 1% to close at 8,516. The HSTECH shed 111 points or 2% to close at 5,394. Total market turnover ...
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<H Shrs>HSI Closes Down 307 Pts as LI NING Erodes 7%; CCB/ BANK OF CHINA Boom
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The HSI faded 307 points or 1.3% to close at 23,119. The HSCEI dropped 89 points or 1% to close at 8,516. The HSTECH shed 111 points or 2% to close at 5,394. Total market turnover for the day amounted to $257.325 billion.

Consumers generally weakened amid reports suggesting that several Chinese banks will gradually raise interest rates on credit consumer loans. Sportswear stock LI NING (02331.HK)  -0.180 (-1.141%)    Short selling $59.80M; Ratio 19.411%   eroded 7.2% after brokers lowered their results guidance. ANTA SPORTS (02020.HK)  -0.150 (-0.174%)    Short selling $35.38M; Ratio 12.893%   and XTEP INT'L (01368.HK)  +0.090 (+1.772%)    Short selling $1.66M; Ratio 7.724%   cascaded 3.3% and 4.5%, while CHINA FEIHE (06186.HK)  -0.170 (-2.881%)    Short selling $4.71M; Ratio 6.291%   plummeted 10.9%, although its annual net profit increased by 5.3% and increased final DPS. Brokers said the company's 2H24 net profit only hiked by 0.1%, missing forecast. HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $8.79M; Ratio 37.015%   's full-year net profit rose 18% and increased final DPS, but its share price slipped 3.5%. MNSO (09896.HK)  +0.850 (+2.307%)    Short selling $15.41M; Ratio 13.538%   planned to repurchase up to $1.8 billion worth of shares, but its stock lost 2.6%.

ICBC (01398.HK)  0.000 (0.000%)    Short selling $71.28M; Ratio 17.881%   added 0.9% as its 2024 net profit was in line with expectation. BANK OF CHINA (03988.HK)  +0.040 (+0.862%)    Short selling $71.43M; Ratio 16.133%   , CCB (00939.HK)  0.000 (0.000%)    Short selling $62.67M; Ratio 8.403%   , BANKCOMM (03328.HK)  +0.040 (+0.570%)    Short selling $37.03M; Ratio 18.708%   and PSBC (01658.HK)  +0.060 (+1.242%)    Short selling $34.50M; Ratio 26.305%   issued additional A-shares to replenish capital. The more diluted BANKCOMM/ PSBC ticked up +0.3%/ -3.2%, while CCB and BANK OF CHINA jumped 2.7% and 2.2%.

For other financials, HSBC HOLDINGS (00005.HK)  -0.450 (-0.507%)    Short selling $10.67M; Ratio 3.454%   and STANCHART (02888.HK)  -0.200 (-0.174%)    Short selling $143.36K; Ratio 3.282%   sagged 1.5% and 2.5%, while HKEX (00388.HK)  +4.600 (+1.322%)    Short selling $139.43M; Ratio 12.805%   and AIA (01299.HK)  +0.400 (+0.669%)    Short selling $153.89M; Ratio 21.849%   waned 2.5% and 1.7%. Chinese insurer ZA ONLINE (06060.HK)  +0.160 (+1.325%)    Short selling $986.39K; Ratio 4.016%   slumped 2.9%, while brokers CGS (06881.HK)  +0.180 (+2.338%)    Short selling $25.70M; Ratio 15.465%   , CICC (03908.HK)  +0.400 (+2.736%)    Short selling $11.33M; Ratio 11.977%   and CSC (06066.HK)  +0.160 (+1.653%)    Short selling $1.39M; Ratio 4.194%   cratered 3-4.1%. HTSC (06886.HK)  +0.120 (+0.971%)    Short selling $4.38M; Ratio 9.069%   sank 9.6%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-02 12:25.)

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