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Updated2024/12/27 15:10
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<H Shrs>HSI Closes Down 60 pts; TME-SW Collapses 18%; WH GROUP Surges 8%+
The Hong Kong market rose first and then fell today. The HSI opened 59 points higher, climbing 80 points in the early stage to 17,254, from which it began sliding, down 118 points ...
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<H Shrs>HSI Closes Down 60 pts; TME-SW Collapses 18%; WH GROUP Surges 8%+
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The Hong Kong market rose first and then fell today. The HSI opened 59 points higher, climbing 80 points in the early stage to 17,254, from which it began sliding, down 118 points at one point to 17,055. It ended the day at 17,113, down 60 points or 0.4%. The HSCEI dropped 24 points, or 0.4%, to close at 6,025. The HSTECH slipped 33 points, or 1%, to close at 3,395. Market turnover for the whole day shrank to $68.045 billion, another record low in about half a year.

TME-SW (01698.HK)  -0.650 (-1.408%)    Short selling $218.49K; Ratio 8.927%   ADR crashed 15%. As the market was concerned that the guidance for TME-SW's music subscription revenue in 2H24 and 2025 was lower than expected, TME-SW's share price cratered 18.1% throughout the day. TENCENT (00700.HK)  -2.600 (-0.619%)    Short selling $544.93M; Ratio 9.630%   , which will announce its results within the day, dropped 1.3% to $373.8. As for other tech stocks, BABA-SW (09988.HK)  -0.800 (-0.962%)    Short selling $263.53M; Ratio 7.281%   , XIAOMI-W (01810.HK)  +1.400 (+4.275%)    Short selling $1.26B; Ratio 13.915%   , BIDU-SW (09888.HK)  -0.650 (-0.759%)    Short selling $163.35M; Ratio 29.366%   , and BILIBILI-W (09626.HK)  -1.100 (-0.740%)    Short selling $51.50M; Ratio 16.119%   edged down 0.2%-0.6%. MEITUAN-W (03690.HK)  -0.400 (-0.258%)    Short selling $345.01M; Ratio 9.478%   and KUAISHOU-W (01024.HK)  -0.800 (-1.858%)    Short selling $177.12M; Ratio 14.518%   slipped 1.3%, while JD-SW (09618.HK)  -5.000 (-3.549%)    Short selling $87.42M; Ratio 7.436%   closed flat at $100.8, NTES-S (09999.HK)  -0.500 (-0.351%)    Short selling $51.80M; Ratio 20.390%   and XD INC (02400.HK)  +0.400 (+1.581%)    Short selling $7.07M; Ratio 8.851%   decreased by 3.9% and 4.9%, while KINGSOFT CLOUD (03896.HK)  +1.750 (+37.797%)    Short selling $70.31M; Ratio 3.479%   and EAST BUY (01797.HK)  -0.660 (-3.691%)    Short selling $67.53M; Ratio 7.197%   dived 5.2% and 8.4%. CHINA LIT (00772.HK)  -1.150 (-4.251%)    Short selling $20.65M; Ratio 9.813%   retreated 3%.

WH GROUP (00288.HK)  +0.030 (+0.505%)    Short selling $13.85M; Ratio 13.500%   surged 8.4% with a growth of 81% in its interim net profit before biological fair value adjustment and interim dividend doubling to HK10 cents. TINGYI (00322.HK)  0.000 (0.000%)    Short selling $15.45M; Ratio 13.724%   elevated 2% after being upgraded to a Buy rating by HSBC Research. As for other consumer stocks, JIUMAOJIU (09922.HK)  -0.140 (-3.889%)    Short selling $1.23M; Ratio 1.475%   , TONGCHENGTRAVEL (00780.HK)  -0.100 (-0.515%)    Short selling $26.10M; Ratio 12.997%   , CTG DUTY-FREE (01880.HK)  -1.900 (-3.357%)    Short selling $7.21M; Ratio 8.804%   , SAMSONITE (01910.HK)  -0.050 (-0.231%)    Short selling $11.40M; Ratio 18.200%   , and TOPSPORTS (06110.HK)  +0.050 (+1.767%)    Short selling $4.57M; Ratio 9.076%   dropped 2.5%-3.2%, while HISENSE HA (00921.HK)  -0.550 (-2.204%)    Short selling $17.29M; Ratio 24.051%   decreased by 4.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-27 16:25.)

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