06681 Overview

Market Performance: The HSI fell by 25 points (0.1%) to 26,596, while the HSTI rose by 34 points (0.5%) to 6,358, and the HSCEI decreased by 11 points (0.1%) to 9,442.

Active Heavyweights: Notable stock movements included BABA up 1% to $175.1, HKEX down 0.7% to $439.2, and Tencent slightly up 0.1% to $660.5, with significant short selling activity across these stocks.

Top Gainers: WUXI APPTEC surged by 5.2% to $115.5, SMIC increased by 3.3% to $79, and several other stocks like HUA HONG SEMI and YOURAN DAIRY also hit new highs with substantial percentage gains.

Short Selling Insights: The short selling ratios varied significantly, with BABA at 23.811% and HUA HONG SEMI at 9.926%, indicating varying levels of investor sentiment and market speculation.

Market Reaction to Federal Reserve: The HSI opened 90 points higher at 26,536, briefly reaching a four-year high of 26,601, as investors anticipated potential interest rate cuts by the Federal Reserve.

Surge in Pharmaceutical Stocks: Several pharmaceutical stocks, including BRAINAURORA-B, BAYZED HEALTH, and TRANSTHERA-B, experienced significant gains, with BAYZED HEALTH soaring by 89.5% and TRANSTHERA-B increasing by 42.9% since their listings.