01428 Overview

Trading Halt: Trading in BRIGHT SMART (01428.HK) shares has been halted as of 9:00 a.m. on the 16th.

Short Selling Data: The short selling amount was reported at $121.10 million with a ratio of 3.194%.

Impact on Structured Products: All structured products related to BRIGHT SMART will also be halted from trading simultaneously.

Market Delay: HK stocks quotes are delayed for at least 15 minutes, with short selling data last updated on March 13, 2026, at 16:25.

Market Performance: The Hang Seng Index (HSI) fell by 251 points (1.0%) to close at 25,465, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.

Active Heavyweights: Notable stocks included Alibaba (BABA) and Tencent (TENCENT), which saw slight increases, while others like OOIL and MTR Corporation faced significant drops.

Short Selling Trends: Several companies experienced high short selling ratios, with MTR Corporation and BYD Electronic among those with the highest ratios, indicating bearish market sentiment.

Noteworthy Movers: Bright Smart saw a substantial increase of 33.96%, while companies like Deepexi Tech and Xunce faced significant declines, highlighting volatility in the market.

Stock Performance: BRIGHT SMART (01428.HK) saw a significant increase in its stock price, rising 31.4% to HKD9.09, with a peak intraday price of HKD9.95 and a turnover of nearly HKD3.3 billion.

Acquisition Agreement: The company has signed a revised agreement with Ant Group, extending the acquisition offer deadline to March 25, with Ant Group having paid a deposit of approximately HKD164 million.

Regulatory Approval: The acquisition has received approval from the Hong Kong Securities and Futures Commission, and the market is now awaiting further progress on China's regulatory approval.

Short Selling Activity: There is notable short selling activity in BRIGHT SMART, with a total of $81.59 million and a short selling ratio of 4.025%.

Market Performance: The Hang Seng Index (HSI) fell by 123 points (0.5%) to 25,593, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.

Active Heavyweights: Notable stocks like Alibaba and Tencent saw slight increases, with Alibaba closing at $133.6 (up 1.5%) and Tencent at $552.5 (up 1.1%), while other heavyweights like HSBC and MTR Corporation faced significant declines.

Top Gainers and Losers: Bright Smart surged by 37.6% to $9.52, while DeepExi Tech dropped by 24.4% to $52.8, highlighting the volatility in smaller stocks.

Short Selling Trends: High short selling ratios were observed across various stocks, with MTR Corporation and Xinyi Glass showing particularly high ratios, indicating bearish sentiment among investors.

Changes to Southbound Stock Connect: The Shenzhen Stock Exchange has updated the list of securities eligible for Southbound Stock Connect, effective today, adding several new stocks including BANK OF E ASIA and GOFINTECH QUANT.

New Additions: Other notable additions to the list include WUXI LEAD, CTF SERVICES, and DEEPEXI TECH, among others, with varying short selling ratios and price changes.

Removals from the List: Several stocks have been removed from the Southbound Stock Connect list, including SHUI ON LAND and PAX GLOBAL, which also show significant short selling activity.

Market Impact: The adjustments reflect ongoing market dynamics, with some stocks experiencing notable price fluctuations and short selling ratios, indicating investor sentiment and trading strategies.

Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.

Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.