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Updated2024/11/28 15:00
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<H Shrs>HSI Surges 260 Pts Midday; CN Insurers, Brokers, Chips Speculated Higher; Casinos Thrive
China’s State Council Information Office will hold a press conference tomorrow morning to introduce the “systematic implementation of a package of incremental policies&...
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<H Shrs>HSI Surges 260 Pts Midday; CN Insurers, Brokers, Chips Speculated Higher; Casinos Thrive
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China’s State Council Information Office will hold a press conference tomorrow morning to introduce the “systematic implementation of a package of incremental policies”. Hong Kong bourse drifted higher on policy expectations. The HSI opened 211 pts higher this morning, soaring 504 pts to 23,241 at one point. It rallied 260 pts or 1.2% at midday to 22,997. The HSCEI gained 127 pts or 1.6% to 8,284. The HSTECH rose 122 pts or 2.4% to 5,349. The midday total market turnover was $168.761 billion.

Chinese insurers and brokers continued to outperform the market. Chinese insurer NCI (01336.HK)  0.000 (0.000%)    Short selling $62.52M; Ratio 31.026%   spiked 13%. CHINA LIFE (02628.HK)  0.000 (0.000%)    Short selling $59.94M; Ratio 17.099%   mounted 9%. CHINA TAIPING (00966.HK)  0.000 (0.000%)    Short selling $6.85M; Ratio 7.753%   and PICC GROUP (01339.HK)  0.000 (0.000%)    Short selling $2.45M; Ratio 4.741%   surged 7.1% and 6.9%. PING AN (02318.HK)  0.000 (0.000%)    Short selling $350.70M; Ratio 26.669%   , ZA ONLINE (06060.HK)  0.000 (0.000%)    Short selling $6.60M; Ratio 20.466%   and PICC P&C (02328.HK)  0.000 (0.000%)    Short selling $22.26M; Ratio 15.438%   added more than 3%. Brokers CSC (06066.HK)  0.000 (0.000%)    Short selling $9.40M; Ratio 14.133%   and CICC (03908.HK)  0.000 (0.000%)    Short selling $8.43M; Ratio 5.292%   leaped 15% and 10%. CITIC SEC (06030.HK)  0.000 (0.000%)    Short selling $59.30M; Ratio 28.761%   and GF SEC (01776.HK)  0.000 (0.000%)    Short selling $2.32M; Ratio 8.063%   jumped up by more than 7%.

Chip makers were traded like hot cakes, with SMIC (00981.HK)  0.000 (0.000%)    Short selling $239.14M; Ratio 23.300%   and HUA HONG SEMI (01347.HK)  0.000 (0.000%)    Short selling $50.17M; Ratio 18.996%   soaring 18% and 13%. Other techs, including BABA-W (09988.HK)  0.000 (0.000%)    Short selling $747.83M; Ratio 19.929%   , TENCENT (00700.HK)  0.000 (0.000%)    Short selling $732.86M; Ratio 14.008%   , MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $1.14B; Ratio 27.177%   and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $89.43M; Ratio 20.012%   , lifted less than 1%. XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $922.51M; Ratio 32.708%   and KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $325.98M; Ratio 26.697%   escalated 5.5% and 2.5%. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $360.57M; Ratio 22.735%   climbed 1.3%. NTES-S (09999.HK)  0.000 (0.000%)    Short selling $150.09M; Ratio 32.095%   and BILIBILI-W (09626.HK)  0.000 (0.000%)    Short selling $73.55M; Ratio 19.397%   slid 2.5% and 1.7%.

Citi survey pointed out that Macau's premium mass betting reached a record high. Gaming stocks SANDS CHINA LTD (01928.HK)  0.000 (0.000%)    Short selling $47.12M; Ratio 31.962%   and GALAXY ENT (00027.HK)  0.000 (0.000%)    Short selling $30.32M; Ratio 23.308%   advanced about 9%. WYNN MACAU (01128.HK)  0.000 (0.000%)    Short selling $5.53M; Ratio 39.706%   , MELCO INT'L DEV (00200.HK)  0.000 (0.000%)    Short selling $1.32M; Ratio 20.747%   and SJM HOLDINGS (00880.HK)  0.000 (0.000%)    Short selling $1.68M; Ratio 12.350%   shot up 5%-5.9%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-28 16:25.)

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