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Individual CN Developers Rally after Midday; CIFI/ SUNAC Rocket 21%+/ 12%
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Individual real estate stocks listed in HK tracked wilder upswing after midday today (16th). CIFI HOLD GP (00884.HK) rocketed 21.62% to $0.27, with 212 million shares traded, involving $51.3765 million.

SUNAC (01918.HK) rallied 11.96% at $1.03, with 129 million shares traded for $123 million.

Related NewsGuosheng Securities Downgrades LONGFOR GROUP (00960.HK) to Overweight; Public Bond Maturity Pressure Low in 2024
SINO-OCEAN GP (03377.HK) swelled 16% at $0.29, with 122 million shares traded at $31.7144 million.

CHINA VANKE (02202.HK) soared 4.45% at $3.99, with 86.8957 million shares traded for $337 million.

Blue-chip Chinese property developers and managers ascended broadly, but at moderate rates. CHINA RES LAND (01109.HK), CHINA OVERSEAS (00688.HK) and CG SERVICES (06098.HK) went up 0.7%-1.2%. LONGFOR GROUP (00960.HK) added 1.8%. CHINA RES MIXC (01209.HK) yet edged down 0.2%.

Related NewsG Sachs: CHINA OVERSEAS (00688.HK) 1Q Rev. in Line w/ Strong OPM
The HSI dived 275 pts, or nearly 1.7%, at 16,324, on turnover of $73.916 billion.
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