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<H Shrs>HSI Ends Midday Up 150 Pts; Brokers, Chips Boom; SMIC Soars 5%
Hong Kong stocks thrived after the opening bell. Opening 27 points higher, the HSI peaked at 20,438 with an uptick of 359 points at one point. It ended the midday at 20,229, up 150...
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<H Shrs>HSI Ends Midday Up 150 Pts; Brokers, Chips Boom; SMIC Soars 5%
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Hong Kong stocks thrived after the opening bell. Opening 27 points higher, the HSI peaked at 20,438 with an uptick of 359 points at one point. It ended the midday at 20,229, up 150 points or 0.8%. The HSCEI climbed 64 points, or 0.9%, to 7,243. The HSTECH added 44 points, or 1%, to 4,394. The total half-day turnover for the market was $97.685 billion.

Brokers were brisk. CICC (03908.HK)  +1.180 (+8.016%)    Short selling $166.80M; Ratio 15.931%   shot up 7%. CSC (06066.HK)  +0.900 (+8.946%)    Short selling $65.76M; Ratio 8.106%   , CGS (06881.HK)  +0.640 (+8.568%)    Short selling $147.08M; Ratio 14.444%   , HTSC (06886.HK)  +1.420 (+10.042%)    Short selling $104.58M; Ratio 16.821%   , GF SEC (01776.HK)  +0.780 (+6.713%)    Short selling $38.26M; Ratio 16.817%   , and CITIC SEC (06030.HK)  +1.450 (+6.473%)    Short selling $446.53M; Ratio 28.263%   surged 4.2-5.6%.

The six major state-owned banks lowered deposit rates, with the seven-day notice deposit rate dropping by a quarter percentage point. CCB (00939.HK)  +0.080 (+1.311%)    Short selling $557.64M; Ratio 25.062%   , BANK OF CHINA (03988.HK)  +0.050 (+1.337%)    Short selling $212.69M; Ratio 27.288%   , ABC (01288.HK)  +0.050 (+1.250%)    Short selling $168.61M; Ratio 24.071%   , and ICBC (01398.HK)  +0.070 (+1.461%)    Short selling $401.32M; Ratio 21.884%   edged up 0.6-0.8%. PSBC (01658.HK)  +0.070 (+1.556%)    Short selling $54.03M; Ratio 17.065%   and BANKCOMM (03328.HK)  +0.140 (+2.373%)    Short selling $16.87M; Ratio 6.092%   inched up 0.4% and 1.3%.

Various regions in China introduced real estate optimization policies. SUNAC (01918.HK)  +0.310 (+10.839%)    Short selling $26.30M; Ratio 1.014%   rebounded by 6.3%. CHINA JINMAO (00817.HK)  +0.090 (+7.563%)    Short selling $11.09M; Ratio 9.094%   , R&F PROPERTIES (02777.HK)  +0.150 (+9.804%)    Short selling $3.93M; Ratio 3.779%   , and SINO-OCEAN GP (03377.HK)  +0.020 (+6.154%)   hiked 3.2-4%. Heavy machinery stock ZOOMLION (01157.HK)  +0.040 (+0.726%)    Short selling $11.10M; Ratio 22.303%   was speculated up 10.1% at midday.

Consumer stocks performed positively across the board. HISENSE HA (00921.HK)  +0.550 (+2.187%)    Short selling $9.03M; Ratio 19.194%   , CTG DUTY-FREE (01880.HK)  +2.700 (+4.909%)    Short selling $2.58M; Ratio 1.711%   , TRIP.COM-S (09961.HK)  +15.500 (+2.975%)    Short selling $197.34M; Ratio 20.464%   , and TONGCHENGTRAVEL (00780.HK)  +0.820 (+4.530%)    Short selling $24.16M; Ratio 14.480%   inclined 3.4-3.8%. CHINA RES BEER (00291.HK)  +1.300 (+4.437%)    Short selling $52.67M; Ratio 14.580%   , U-PRESID CHINA (00220.HK)  +0.080 (+1.100%)    Short selling $614.98K; Ratio 2.641%   , and YUM CHINA (09987.HK)  +25.200 (+6.988%)    Short selling $44.70M; Ratio 8.358%   jumped up by over 2%. Casino stock SANDS CHINA LTD (01928.HK)  +0.150 (+0.718%)    Short selling $90.82M; Ratio 28.691%   leaped 2.5%.

Regarding car stocks, XPENG-W (09868.HK)  +2.000 (+4.193%)    Short selling $320.02M; Ratio 28.895%   denied reaching a private agreement with the EU on electric vehicle tariffs. Its stock price shed 2.3%. BYD COMPANY (01211.HK)  +6.800 (+2.366%)    Short selling $255.11M; Ratio 15.747%   and GEELY AUTO (00175.HK)  +0.500 (+3.453%)    Short selling $204.77M; Ratio 14.820%   swelled 2.4% and 2.7%, while NIO-SW (09866.HK)  +1.300 (+3.202%)    Short selling $38.95M; Ratio 23.952%   plunged 2.7%.

As for techs, XIAOMI-W (01810.HK)  +0.900 (+3.297%)    Short selling $563.34M; Ratio 14.066%   's Lei Jun announced an imminent breakthrough in smart driving technology, elevating the company's stock price by 3%. MEITUAN-W (03690.HK)  +6.100 (+3.250%)    Short selling $697.09M; Ratio 12.941%   escalated 3.9%, while BABA-W (09988.HK)  +2.350 (+2.447%)    Short selling $898.98M; Ratio 18.099%   and JD-SW (09618.HK)  +2.500 (+1.602%)    Short selling $98.95M; Ratio 8.707%   slipped 2.3% and 2.4%. TENCENT (00700.HK)  +8.800 (+2.100%)    Short selling $636.44M; Ratio 9.840%   and NTES-S (09999.HK)  +0.100 (+0.080%)    Short selling $52.23M; Ratio 6.504%   gained 1.2% and 1.8%.

Chip stocks SMIC (00981.HK)  +1.650 (+6.383%)    Short selling $278.37M; Ratio 4.511%   and HUA HONG SEMI (01347.HK)  +1.450 (+6.888%)    Short selling $53.97M; Ratio 9.426%   rallied in their global peers' wake, concluding the midday up over 5%. Handset component stocks BYD ELECTRONIC (00285.HK)  +1.950 (+6.028%)    Short selling $53.74M; Ratio 10.850%   and AAC TECH (02018.HK)  +2.000 (+6.472%)    Short selling $28.76M; Ratio 13.875%   spiked 5.8% and 4.2%.

As gold prices hit a new high by approaching the US$2,700 level, SD GOLD (01787.HK)  +0.160 (+1.039%)    Short selling $14.62M; Ratio 14.011%   and ZHAOJIN MINING (01818.HK)  -0.060 (-0.453%)    Short selling $14.36M; Ratio 9.477%   rocketed 3.3% and 2.7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-05 16:25.)

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