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<H Shrs>HSI Elevates 56 pts at Midday; LENOVO Surges 7%+ as Speculation on AI Theme Continues
Hong Kong's stock market oscillated between up and down in the morning session. HSI closed up 56 points or 0.3% to 18,665 at the half day. HSCEI mounted 20 points or 0.3% to 6,...
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<H Shrs>HSI Elevates 56 pts at Midday; LENOVO Surges 7%+ as Speculation on AI Theme Continues
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Hong Kong's stock market oscillated between up and down in the morning session. HSI closed up 56 points or 0.3% to 18,665 at the half day. HSCEI mounted 20 points or 0.3% to 6,625. HSTECH gained 3 points or 0.08% to 3,802 points. Half-day turnover totalled $68.141 billion.

EVERG VEHICLE (00708.HK)  -0.007 (-2.745%)   announced the potential transfer of its 29% stake with credit aid. The stock resumed trading and closed rocketing 81.6% at $0.69 at the midday. EVERG SERVICES (06666.HK)  0.000 (0.000%)   from the same series also hiked 7.6%.

Hainan, Chongqing and other places lowered the down payment ratio of first suite and cancelled the loan interest rate floors for the first and second suites. Individual Chinese real estate stocks retreated. YUEXIU PROPERTY (00123.HK)  +0.140 (+2.536%)    Short selling $3.59M; Ratio 9.941%   , LONGFOR GROUP (00960.HK)  +0.260 (+2.439%)    Short selling $55.41M; Ratio 23.458%   , CHINA RES LAND (01109.HK)  +0.100 (+0.437%)    Short selling $51.38M; Ratio 16.422%   , CHINA VANKE (02202.HK)  +0.230 (+3.716%)    Short selling $13.65M; Ratio 3.762%   and SINO-OCEAN GP (03377.HK)  +0.005 (+1.724%)   decreased 1.5% to 2.6%. KWG GROUP (01813.HK)  +0.010 (+2.273%)   , however, lifted 3.3%. Property manager CG SERVICES (06098.HK)  +0.100 (+1.805%)    Short selling $10.84M; Ratio 14.101%   descended 3.2%.

On the technology front, PC maker LENOVO GROUP (00992.HK)  +0.030 (+0.330%)    Short selling $42.20M; Ratio 11.851%   spiked 7.6% to $11.9 on speculation about AI chips. The National Integrated Circuit Industry Investment Fund Phase III was established. SMIC (00981.HK)  +0.850 (+3.380%)    Short selling $236.26M; Ratio 11.204%   and HUA HONG SEMI (01347.HK)  +0.500 (+2.494%)    Short selling $45.52M; Ratio 10.083%   elevated 3.6% and 5.2%.

In other tech stocks, BABA-SW (09988.HK)  +0.250 (+0.300%)    Short selling $376.97M; Ratio 12.473%   climbed 0.6% to $78.6, TENCENT (00700.HK)  -2.000 (-0.500%)    Short selling $573.17M; Ratio 9.211%   fell 1.9% to $370, and MEITUAN-W (03690.HK)  -3.500 (-2.033%)    Short selling $1.62B; Ratio 23.549%   elevated 0.4%. XIAOMI-W (01810.HK)  -0.100 (-0.359%)    Short selling $505.00M; Ratio 15.677%   , BIDU-SW (09888.HK)  +0.850 (+1.057%)    Short selling $81.24M; Ratio 16.842%   and KUAISHOU-W (01024.HK)  +0.800 (+1.688%)    Short selling $146.54M; Ratio 11.636%   waned less than 1%, while JD-SW (09618.HK)  +1.600 (+1.125%)    Short selling $224.44M; Ratio 18.964%   and NTES-S (09999.HK)  +2.000 (+1.511%)    Short selling $94.08M; Ratio 20.251%   dived 2% and 3%. BILIBILI-W (09626.HK)  +3.700 (+2.546%)    Short selling $118.63M; Ratio 22.297%   rebounded 2.9%.

Car stocks LI AUTO-W (02015.HK)  +3.350 (+3.818%)    Short selling $100.87M; Ratio 10.122%   and NIO-SW (09866.HK)  +0.200 (+0.588%)    Short selling $27.78M; Ratio 28.751%   each rose more than 2%, while BYD COMPANY (01211.HK)  +1.400 (+0.555%)    Short selling $106.95M; Ratio 10.855%   dropped 1.3% to $205.2. LEAPMOTOR (09863.HK)  0.000 (0.000%)    Short selling $4.58M; Ratio 5.081%   plummeted 5.6%.

Commodity stocks are popular, oil stocks PETROCHINA (00857.HK)  -0.030 (-0.542%)    Short selling $57.29M; Ratio 17.154%   and CNOOC (00883.HK)  +0.060 (+0.352%)    Short selling $63.47M; Ratio 6.614%   mounted 2.7% and 4%. For gold stocks, SD GOLD (01787.HK)  +0.380 (+2.840%)    Short selling $22.29M; Ratio 27.984%   , ZHAOJIN MINING (01818.HK)  +0.200 (+1.792%)    Short selling $10.81M; Ratio 14.913%   , CHINAGOLDINTL (02099.HK)  +0.700 (+1.821%)    Short selling $8.95M; Ratio 17.840%   , ZIJIN MINING (02899.HK)  +0.120 (+0.810%)    Short selling $47.90M; Ratio 11.304%   and LINGBAO GOLD (03330.HK)  +0.070 (+2.414%)    Short selling $1.01M; Ratio 19.715%   lifted 3.2% to 4.2%.

In other blue chips, HSBC HOLDINGS (00005.HK)  +0.400 (+0.555%)    Short selling $94.84M; Ratio 9.823%   , HKEX (00388.HK)  +2.200 (+0.765%)    Short selling $264.64M; Ratio 16.644%   and AIA (01299.HK)  +0.200 (+0.345%)    Short selling $426.67M; Ratio 35.720%   rose 0.4% to 0.9%, while HANG SENG BANK (00011.HK)  +0.600 (+0.653%)    Short selling $15.93M; Ratio 17.452%   advanced 2.4%. Local property stocks NEW WORLD DEV (00017.HK)  -0.410 (-5.994%)    Short selling $58.53M; Ratio 51.841%   and HANG LUNG PPT (00101.HK)  +0.100 (+1.610%)    Short selling $9.40M; Ratio 29.798%   declined 2% and 3%. Telecom stocks CHINA UNICOM (00762.HK)  +0.060 (+0.935%)    Short selling $11.64M; Ratio 5.960%   and CHINA MOBILE (00941.HK)  +0.650 (+0.907%)    Short selling $164.02M; Ratio 13.348%   lifted 2.4% and 1.9%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-29 16:25.)

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