Hong Kong stocks were oscillating up and down in the morning. HSI elevated 34 points or 0.2% to 19,254 at half-day. HSCEI escalated 21 points or 0.3% to 6,842. HSTECH mounted 23 points or 0.6% to 4,004. Half-day turnover totalled $69.597 billion.
For technology stocks, JD-SW (09618.HK) -3.000 (-2.273%) Short selling $289.46M; Ratio 13.194% fell 1.9% after it proposed to offer US$1.75 billion of convertible senior notes. TENCENT (00700.HK) +0.800 (+0.209%) Short selling $943.46M; Ratio 11.016% 's new handheld game "Dungeon & Fighter" suspended service due to having too many players. Its shares inclined 0.3%. NTES-S (09999.HK) -4.900 (-3.091%) Short selling $146.43M; Ratio 15.312% announced its game launch plan, and the market is concerned about the launch schedule of "Where Winds Meet" and "Naraka Bladepoint Mobile". Its shares decreased 2.9%. LENOVO GROUP (00992.HK) +1.240 (+12.181%) Short selling $304.26M; Ratio 14.904% was upgraded to Overweight by Morgan Stanley, and its share price surged 13.2%.
Besides, BABA-SW (09988.HK) -1.400 (-1.659%) Short selling $529.46M; Ratio 18.386% and MEITUAN-W (03690.HK) -0.800 (-0.659%) Short selling $363.93M; Ratio 15.368% descended 0.5% and 0.6%, BIDU-SW (09888.HK) -2.000 (-1.946%) Short selling $97.22M; Ratio 7.831% fell 1.8%, XIAOMI-W (01810.HK) +0.140 (+0.725%) Short selling $168.87M; Ratio 10.747% mounted 0.4%. KUAISHOU-W (01024.HK) +1.250 (+2.197%) Short selling $466.91M; Ratio 23.617% and BILIBILI-W (09626.HK) +2.400 (+2.000%) Short selling $79.33M; Ratio 18.536% escalated 1.9% and 2.2%.
Electric car stock XPENG-W (09868.HK) +4.000 (+13.051%) Short selling $138.28M; Ratio 8.873% narrowed its loss to RMB1.37 billion in 1Q24, significantly beating market expectations, and its stock price soared 13.2%. LI AUTO-W (02015.HK) +1.550 (+1.922%) Short selling $281.89M; Ratio 13.888% and NIO-SW (09866.HK) +2.100 (+5.296%) Short selling $34.15M; Ratio 29.667% rebounded 2.5% and 4%.
Chinese homebuilders saw speculation again, CHINA VANKE (02202.HK) +0.270 (+4.000%) Short selling $147.12M; Ratio 9.626% spiked 8.3%, while AGILE GROUP (03383.HK) 0.000 (0.000%) Short selling $1.32M; Ratio 2.597% , CIFI HOLD GP (00884.HK) -0.005 (-1.031%) Short selling $2.29M; Ratio 1.212% and SUNAC (01918.HK) +0.010 (+0.578%) Short selling $24.49M; Ratio 2.256% rose 4.9% to 5.8%. YUEXIU PROPERTY (00123.HK) +0.070 (+1.120%) Short selling $31.70M; Ratio 15.155% , CHINA OVERSEAS (00688.HK) +0.060 (+0.373%) Short selling $103.27M; Ratio 21.638% , GREENTOWN CHINA (03900.HK) -0.090 (-1.017%) Short selling $17.95M; Ratio 12.029% , SEAZEN (01030.HK) -0.020 (-1.235%) Short selling $5.25M; Ratio 3.895% , KWG GROUP (01813.HK) -0.020 (-3.704%) , R&F PROPERTIES (02777.HK) 0.000 (0.000%) Short selling $1.11M; Ratio 4.565% and SINO-OCEAN GP (03377.HK) -0.020 (-3.636%) escalated more than 3%. Property management stocks CG SERVICES (06098.HK) +0.500 (+7.576%) Short selling $100.92M; Ratio 16.882% and A-LIVING (03319.HK) +0.150 (+3.937%) Short selling $5.52M; Ratio 4.576% rallied 11.2% and 7.9%.
TONGCHENGTRAVEL (00780.HK) -2.720 (-12.830%) Short selling $76.57M; Ratio 10.983% 's quarterly results were in line with expectations, but its shares crashed 10.3% amid market concerns about investments' impact on profitability. HK TECH VENTURE (01137.HK) +0.130 (+7.303%) proposed to buy back and cancel up to 100 million shares at a premium of nearly 21%, and its share price hiked 7.9%.
In financials, HSBC HOLDINGS (00005.HK) +0.900 (+1.312%) Short selling $239.76M; Ratio 17.840% and STANCHART (02888.HK) +0.700 (+0.919%) Short selling $940.22K; Ratio 3.179% inclined 1.2% and 1.1%, HANG SENG BANK (00011.HK) +1.700 (+1.498%) Short selling $160.81M; Ratio 42.867% lifted 2.1%, while HKEX (00388.HK) -1.400 (-0.491%) Short selling $69.55M; Ratio 5.235% and AIA (01299.HK) -0.350 (-0.559%) Short selling $111.47M; Ratio 4.449% receded 0.1% and 0.5%. Property stocks NEW WORLD DEV (00017.HK) +0.230 (+2.369%) Short selling $19.89M; Ratio 22.902% elevated 3% to regain the $10 level, while LINK REIT (00823.HK) -1.600 (-4.402%) Short selling $142.90M; Ratio 19.162% declined 2.2% after it was downgraded to Sell by UBS.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-22 16:25.)
