HSI Ends at 25,967, Gaining 186 Points; HSTI Finishes at 5,951, Up 28 Points; MEITUAN Surges Over 4%; ABC and PETROCHINA Reach New Peaks; Market Turnover Increases
Market Performance: The HSI rose by 186 points (0.7%) to 25,967, while the HSTI and HSCEI also saw gains, closing at 5,951 and 9,300 respectively, with a total market turnover of $245.26 billion.
Active Heavyweights: Notable stocks included MEITUAN (+4.1% to $100), BABA (+1.7% to $164.6), and TENCENT (+1.5% to $633), with significant short selling ratios reported for each.
Movers Among Constituents: LI NING experienced a notable increase of 6.6% to $18.54, while POP MART saw a significant decline of 9.4% to $232.4, amidst varying short selling activities.
Short Selling Insights: The short selling data indicated high ratios for several stocks, with PING AN at 38.746% and CCB at 33.803%, reflecting investor sentiment and market dynamics.
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<Full-day Summary> HSI Gains 273 Points; HSTI Rises 111 Points; BABA Surges Over 3%; CHINAHONGQIAO, SHENZHOU INTL, CHINA SHENHUA, ABC, and DATANG POWER Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 273 points (1.0%) to close at 26,433, while the Hang Seng Tech Index (HSTI) increased by 111 points (1.8%) to 6,171, with a total market turnover of $267.08 billion.
Active Heavyweights: Notable stocks included Alibaba (BABA) up 3.1% to $173.6, Tencent (TENCENT) up 2.9% to $656, and HKEX up 2.2% to $434.2, with significant short selling activity reported.
HSI & HSCEI Constituents: Baidu (BIDU-SW) saw a significant increase of 6.2% to $125.1, while Wuxi Apptec and SMIC also posted gains, reflecting positive movements among key constituents.
HSMI & HSSI Constituents: In contrast, SDHG experienced a sharp decline of 18.6% to $1.92, while InnoScience and Minth Group showed strong gains of 12.7% and 11.4%, respectively, indicating mixed performance across different sectors.
<Midday Update> HSI Rises by 267 Points; HSTI Gains 89 Points; BABA Surges Over 3%; SHENZHOU INTL, CHINA SHENHUA, HENGAN INT'L, ABC, and DATANG POWER Reach New Peaks
Market Performance: The Hang Seng Index (HSI) rose by 267 points (1.0%) to 26,427, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 1.5% and 0.9%, respectively.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 3.2%, Tencent (TENCENT) up 2.4%, and Xiaomi (XIAOMI) down 2.7%, with significant short selling activity across these stocks.
Constituents on the Move: Wuxi Apptec and Baidu-SW experienced substantial gains of 5.9% and 5.6%, respectively, while Li Ning saw a decline of 3.4%, reflecting varied performance among HSI and HSCEI constituents.
Short Selling Trends: The short selling ratios for several stocks were high, with notable figures including Xiaomi at 27.2% and Li Ning at 33.0%, indicating significant market speculation.
