News

Chinese Metal Stocks Performance: Several Chinese metal stocks, including Zijin Mining and Jiangxi Copper, received "Buy" ratings with target price increases, while others like Chalco and Ganfeng Lithium saw declines in stock prices.
Short Selling Data: The short selling ratios for various stocks indicate significant market activity, with some stocks like Angang Steel experiencing high short selling ratios, suggesting bearish sentiment.
Chinese Cement and Glass Stocks: Cement stocks like Conch Cement maintained their "Buy" ratings despite minor price drops, while Xinyi Glass faced a notable decline in stock price and a "Buy" rating.
Chinese Solar and Battery Materials Stocks: Xinyi Solar was rated as "Underperform" with unchanged target prices, while Yunnan Energy received a "Buy" rating with a significant target price increase.

Morgan Stanley Report on CGN MINING: The report indicates a 70-80% probability of CGN MINING's stock price rising within 15 days, with an Overweight rating and a target price of HK$3.92.
CNUC IPO Launch: CNUC, the first uranium mining company listed in Mainland China, debuted on the Shenzhen Stock Exchange with an IPO market cap of RMB37 billion and projected net profits of RMB1.6-1.65 billion for the year.
Market Impact: CNUC's listing is expected to draw more investor interest in the uranium mining sector, enhancing market confidence.
CGN MINING's Position: As the only uranium mining company listed in Hong Kong and involved in the Stock Connect, CGN MINING is anticipated to benefit from the increased attention on the sector.

Market Performance: The Hang Seng Index (HSI) fell by 63 points (0.2%) to close at 26,282, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable movements included Meituan rising by 2.4%, while Xiaomi and Sunny Optical saw declines of 1.7% and 4.8%, respectively, with significant short selling activity across these stocks.
Top Gainers and Losers: China Hongqiao surged by 8.2% to a new high, while ZTE dropped by 11.4%. Other notable gainers included Ganfeng Lithium and COSCO Ship Energy, both hitting new highs.
Short Selling Trends: The short selling ratios varied significantly among stocks, with Ping An and Tencent showing notable increases, while several stocks like Sunny Optical and Bud APAC faced high short selling ratios amidst their declines.

CGN Mining Performance: CGN Mining (01164.HK) opened 7.7% higher, reaching an intraday high of HKD4.02, and last traded at HKD3.95, up 12.54% with a trading volume of 134 million shares.
CGN New Energy Update: CGN New Energy (01811.HK) saw a modest increase of 2.46%, trading at HKD2.92 with a turnover of HKD25.5961 million.
CGN Power Financial Results: CGN Power (01816.HK) reported a decline in operating revenue by 4.1% YoY to RMB59.723 billion and a 14.1% drop in net profit to RMB8.576 billion, attributed to market conditions and decreased electricity prices.
Short Selling Data: Short selling for CGN Mining was $31.12M with a ratio of 7.728%, while CGN Power had $12.37M in short selling with a ratio of 8.278%.

Market Performance: The HSI rose by 142 points (0.5%) to 26,488, while the HSTI and HSCEI also saw gains, closing at 6,112 and 9,425 respectively.
Top Gainers: Notable heavyweights like Meituan, Ping An, and Tencent experienced significant increases, with Meituan up 4% and Tencent up 2.4%.
Stocks on the Rise: Companies such as Chinahongqiao and Zijin Mining saw substantial gains, with Chinahongqiao increasing by 8.2% to reach a new high.
Declining Stocks: Several stocks, including Sunny Optical and ZTO Express, faced declines, with Sunny Optical down 4.5% and ZTO Express down 4.3%.
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