03993 Overview

Stock Performance Overview: Several stocks, including CMOC, LAOPU GOLD, and CATL, experienced declines in their share prices, with notable short selling activity and varying inflows of capital.

Short Selling Ratios: High short selling ratios were observed in stocks like LAOPU GOLD (40.445%) and JD-SW (39.739%), indicating significant bearish sentiment among investors.

Changes in HSI Constituents' Weightings: Adjustments in the weightings of certain stocks in the Hang Seng Index (HSI) were noted, with some stocks like Tencent and Alibaba seeing increases, while HSBC and CLP Holdings experienced decreases.

Outflows and Inflows: The report highlighted both inflows and outflows of capital for various stocks, with HSBC facing a significant outflow of USD 503 million, contrasting with inflows for Tencent and CATL.

Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.

HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.

Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.

US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.

Hang Seng Index Review: The Hang Seng Indexes Company announced the inclusion of CATL, CMOC, and LAOPU GOLD in the HSI following the 4Q25 review, with respective price increases of 2.899%, 6.814%, and 5.078%.

Short Selling Data: CATL, CMOC, and LAOPU GOLD experienced significant short selling, with ratios of 23.375%, 22.040%, and 28.099%, respectively, indicating investor caution.

Market Reactions: CMOC and LAOPU GOLD saw notable price surges of 5.25% and 5.55%, while ZHONGSHENG HLDG faced a decline of 2.707% amid short selling pressures.

Implementation Timeline: The changes to the index will be effective after the market close on March 6, 2026, and will take effect on March 9, 2026.

US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.

Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.

HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.

Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.

Index Review Announcement: Hang Seng Indexes Company announced the results of its quarterly review for the Hang Seng Family of Indexes, effective from 9 March 2026.

New Additions to HSI: CATL, CMOC, and LAOPU GOLD will be added to the Hang Seng Index, increasing the total number of constituents from 88 to 90.

Deletion from HSI: ZHONGSHENG HLDG will be removed from the Hang Seng Index as part of the quarterly review.

Short Selling Data: The article includes short selling data for the mentioned companies, highlighting significant short selling ratios and amounts prior to the index changes.

Copper Production Growth: The Democratic Republic of the Congo's copper exports increased by nearly 10% last year, making it the world's second-largest industrial metal producer after Chile, with shipments rising from 3.1 million tons in 2024 to 3.4 million tons in 2025.

Chinese Investment: A significant portion of Congo's copper production is attributed to Chinese companies, particularly CMOC, which operates the country's largest mines.

Kamoa-Kakula Mine: The second-largest copper mine in the country, Kamoa-Kakula, is a joint venture between Canada's Ivanhoe Mines and China's ZIJIN MINING, projected to produce 400,000 tons in 2025.

Market Dynamics: Analysts recommend focusing on companies like ZIJIN MINING and CMOC, as tighter copper supply-demand dynamics are anticipated.