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<HK Wrap-up>HSI Hikes 390 pts; XIAOMI Surges 9%, as BOCHK Rallies ~10%
Hong Kong stocks advanced after the long Easter weekend as China's manufacturing and non-manufacturing PMIs for March were favourable. HSI mounted 390 points, or 2.4%, to close...
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<HK Wrap-up>HSI Hikes 390 pts; XIAOMI Surges 9%, as BOCHK Rallies ~10%
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Hong Kong stocks advanced after the long Easter weekend as China's manufacturing and non-manufacturing PMIs for March were favourable. HSI mounted 390 points, or 2.4%, to close at 16,931. HSCEI inclined 149 points or 2.6% to close at 5,960. HSTECH rose 65 points or 1.9% to close at 3,543. The total market turnover for the whole day was $144.184 billion.

XIAOMI-W (01810.HK)  -0.220 (-1.263%)    Short selling $108.35M; Ratio 13.191%   hiked 9% after the second round of additional sales of Xiaomi SU7 Founders Edition was sold out. LEAPMOTOR (09863.HK)  +0.300 (+1.111%)    Short selling $3.79M; Ratio 7.845%   and XPENG-W (09868.HK)  +0.900 (+2.927%)    Short selling $56.55M; Ratio 20.461%   meanwhile crashed 8% and 5.6%. BRILLIANCE CHI (01114.HK)  +0.050 (+0.774%)   skyrocketed 25.9% after its board of directors are slated to meet in mid-April to consider a special dividend.

Related NewsBOC HONG KONG 1Q24 Operating Profit Before Impairment Allowances $13.808B, Up 21.5%
GEELY AUTO (00175.HK)  +0.030 (+0.314%)    Short selling $22.68M; Ratio 14.799%   lifted 2.3% after total sales in March ascended 39% YoY. BYD COMPANY (01211.HK)  +0.600 (+0.277%)    Short selling $269.78M; Ratio 31.642%   added 0.5% after its car sales in March escalated 46% YoY, while LI AUTO-W (02015.HK)  +2.800 (+2.764%)    Short selling $56.92M; Ratio 11.106%   inclined 2% with a 39% YoY increase in new car deliveries in March.

SMIC (00981.HK)  -0.280 (-1.781%)    Short selling $17.01M; Ratio 6.711%   climbed 0.5% despite net profit declining 50% last year, while HUA HONG SEMI (01347.HK)  -0.160 (-1.018%)    Short selling $2.75M; Ratio 7.876%   rose 1.2% despite net profit reducing 38% last year.

For other techs, BABA-SW (09988.HK)  +0.350 (+0.471%)    Short selling $65.56M; Ratio 5.226%   ascended 1.1%, TENCENT (00700.HK)  -1.800 (-0.518%)    Short selling $257.36M; Ratio 13.164%   , BIDU-SW (09888.HK)  +1.600 (+1.549%)    Short selling $194.82M; Ratio 31.876%   and KUAISHOU-W (01024.HK)  -0.600 (-1.058%)    Short selling $158.96M; Ratio 32.976%   climbed 1.8% to 2.1%, while MEITUAN-W (03690.HK)  -1.800 (-1.616%)    Short selling $195.68M; Ratio 14.237%   rose 4.8%. NTES-S (09999.HK)  -0.200 (-0.132%)    Short selling $32.77M; Ratio 18.626%   plummeted 6.9% after a report from Morgan Stanley said that the company's game She Diao (Condor Heroes) failed expectations. WEIMOB INC (02013.HK)  -0.040 (-2.778%)    Short selling $3.10M; Ratio 7.727%   and XD INC (02400.HK)  -0.300 (-2.022%)    Short selling $1.21M; Ratio 4.169%   cratered 16.1% and 12.7%.

Related NewsM Stanley Assumes 60-70% Chance for AIA (01299.HK) Shrs to Rise in 30 Days
In financials, BOC HONG KONG (02388.HK)  +0.250 (+1.050%)    Short selling $21.52M; Ratio 13.469%   saw its profit attributable to shareholders rise 26% last year and raised its dividend payout ratio, and its shares spiked 9.5%. HANG SENG BANK (00011.HK)  +0.300 (+0.289%)    Short selling $27.90M; Ratio 28.554%   hiked 5.3%. CCB (00939.HK)  +0.010 (+0.197%)    Short selling $139.48M; Ratio 9.918%   lifted 2.8% after earning 2.4% more for 2023. BANK OF CHINA (03988.HK)  -0.110 (-3.030%)    Short selling $528.36M; Ratio 31.489%   and ABC (01288.HK)  -0.030 (-0.840%)    Short selling $120.34M; Ratio 32.717%   shares advanced 1.9% and 2.1% each. PSBC (01658.HK)  +0.020 (+0.495%)    Short selling $34.39M; Ratio 33.105%   's net profit increased 1.2% last year, and its shares descended 3.4%.

COUNTRY GARDEN (02007.HK)  0.000 (0.000%)   suspended trading pending the release of its 2023 results, while CG SERVICES (06098.HK)  -0.200 (-3.670%)    Short selling $8.84M; Ratio 8.962%   from the same series slumped 2%. CHINA VANKE (02202.HK)  -0.380 (-7.677%)    Short selling $88.39M; Ratio 19.913%   recorded 46% less net profit last year, and its shares collapsed 12.9%. CHINA OVERSEAS (00688.HK)  -0.100 (-0.689%)    Short selling $67.11M; Ratio 15.670%   rallied 6.2% after several brokers issued positive opinions on it. CHINA JINMAO (00817.HK)  -0.030 (-4.412%)    Short selling $930.04K; Ratio 4.322%   crumpled 7.1% after Morgan Stanley expected it to continue losing money in the next 2 years. KWG GROUP (01813.HK)  -0.030 (-8.000%)   declined 5.1%, and AGILE GROUP (03383.HK)  -0.030 (-5.000%)    Short selling $831.64K; Ratio 4.374%   crashed 12.7%, while property manager CHINA RES MIXC (01209.HK)  -0.600 (-2.116%)    Short selling $2.49M; Ratio 5.323%   surged 8.5%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-30 12:25.)

Related NewsBofAS Cuts HUA HONG SEMI (01347.HK) TP to $12 on Inventory & Competition Concerns

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