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Popular Stocks Brisk on Mkt Stalemate; POP MART Advances ~5% to Break Ceiling; MIXUE GROUP Swells 7%
Hong Kong stocks opened 188 points lower this morning before its losses narrowed, and once climbed 34 points. The index last slid 35 points or less than 0.2% to 23,309 after midday...
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Popular Stocks Brisk on Mkt Stalemate; POP MART Advances ~5% to Break Ceiling; MIXUE GROUP Swells 7%
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Hong Kong stocks opened 188 points lower this morning before its losses narrowed, and once climbed 34 points. The index last slid 35 points or less than 0.2% to 23,309 after midday, with a turnover of $144.609 billion.

The market is concerned about the listing of H-shares of CATL(03750.HK)  +35.400 (+11.561%)    Short selling $664.71M; Ratio 19.299%   , a global EV battery giant, tomorrow (20 May). Hong Kong stocks had been in a stalemate today, with the focus on the recent “popular stocks”.

Related NewsBOCOMI: CATL's HK IPO Price Cap Offers Limited Discount vs A-Shrs; A/H Listing to Woo Domestic, Foreign Capital
Last Friday (16th), Blue-chips-to-be POP MART (09992.HK)  +7.200 (+3.458%)    Short selling $212.64M; Ratio 11.785%   opened 2.7% lower before rising, and once advanced about 5.8% to a record high of $207 during the intraday trading session. The stock last printed at $205, leaping 4.75%, with 8.7093 million shares traded, involving $1.738 billion.

In addition, MIXUE GROUP (02097.HK)  -5.000 (-0.929%)   , which was listed in early March, peaked at $512.5 during the intraday trading session, and last swelled 7.37% to $510, with 635,200 shares traded, involving $318 million. Daiwa initiated coverage on MIXUE GROUP, with rating at Outperform and a target price of $539. The broker said it has an undisputed leadership position in the chain beverage store industry, with supply chain strength and unique market positioning.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 12:25.)

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