＜H Shrs＞HSI Climbs 11 pts at Midday as CN Developers, Pharmas Hike; Stocks w/ CN Characterized Valuation Drop

　　The HSI climbed 11 points or 0.1% to 17,739 at midday. The HSCEI slid 12 points or 0.2% to 6,303. The HSTECH added 30 points or 0.9% to 3,653. The total half-day turnover of the market amounted to $56.686 billion.

　　Stocks with Chinese characterized valuation fell. Oil and gas stocks KUNLUN ENERGY (00135.HK) -0.370 (-4.415%) Short selling $2.26M; Ratio 2.336% , SINOPEC CORP (00386.HK) -0.210 (-4.183%) Short selling $39.73M; Ratio 16.118% , PETROCHINA (00857.HK) -0.410 (-5.177%) Short selling $234.51M; Ratio 28.150% and CNOOC (00883.HK) -1.150 (-5.157%) Short selling $380.77M; Ratio 11.563% slumped 4.2-5.2%, while coal stock CHINA COAL (01898.HK) -0.380 (-4.645%) Short selling $9.95M; Ratio 8.369% faded 4.6%.

　　Related NewsHSBC Global Research Raises TENCENT TP to $475, Earning Forecast

　　For resource metals stocks, ZIJIN MINING (02899.HK) -0.720 (-4.049%) Short selling $121.85M; Ratio 18.366% stumbled 4.1%, while CHALCO (02600.HK) -0.350 (-6.744%) Short selling $40.69M; Ratio 14.059% , JIANGXI COPPER (00358.HK) -0.880 (-5.627%) Short selling $38.28M; Ratio 28.466% , MMG (01208.HK) -0.220 (-7.190%) Short selling $7.01M; Ratio 6.836% and CMOC (03993.HK) -0.590 (-7.662%) Short selling $23.48M; Ratio 11.515% cratered 5.6-7.7%. Power utility CGN POWER (01816.HK) -0.210 (-6.017%) Short selling $26.94M; Ratio 7.740% descended 6%, while HUANENG POWER (00902.HK) -0.200 (-3.891%) Short selling $25.01M; Ratio 12.000% , DATANG POWER (00991.HK) -0.060 (-3.614%) Short selling $1.93M; Ratio 4.850% and HUADIAN POWER (01071.HK) -0.160 (-4.020%) Short selling $5.04M; Ratio 8.147% shed 3.6-4%. Railway stock TIMES ELECTRIC (03898.HK) -2.850 (-9.390%) Short selling $7.36M; Ratio 5.216% eroded 9.2%, while telecoms CHINA TELECOM (00728.HK) -0.260 (-5.231%) Short selling $7.99M; Ratio 2.591% and CHINA UNICOM (00762.HK) -0.290 (-3.946%) Short selling $46.12M; Ratio 18.758% shrank 5.2% and 3.9%.

　　Chinese developers prospered. CHINA VANKE (02202.HK) +0.250 (+5.388%) Short selling $17.77M; Ratio 13.341% advanced 5.4%, while CIFI HOLD GP (00884.HK) +0.015 (+4.545%) Short selling $200.73K; Ratio 1.227% , AGILE GROUP (03383.HK) +0.020 (+3.704%) Short selling $84.00K; Ratio 1.648% and GREENTOWN CHINA (03900.HK) +0.220 (+3.427%) Short selling $3.23M; Ratio 13.372% mounted 3.4-4.5%. YUEXIU PROPERTY (00123.HK) +0.160 (+2.985%) Short selling $3.67M; Ratio 12.885% , LONGFOR GROUP (00960.HK) +0.280 (+2.574%) Short selling $10.31M; Ratio 18.689% and SUNAC (01918.HK) +0.030 (+2.609%) Short selling $7.99M; Ratio 9.869% gained 2.6-3%, while cement stocks CONCH CEMENT (00914.HK) +0.550 (+2.764%) Short selling $19.50M; Ratio 37.037% and CR BLDG MAT TEC (01313.HK) +0.060 (+3.297%) Short selling $4.44M; Ratio 12.452% ascended 2.8% and 3.3%. Hong Kong's property developers HENDERSON LAND (00012.HK) +0.500 (+2.227%) Short selling $8.55M; Ratio 39.689% , NEW WORLD DEV (00017.HK) +0.210 (+2.760%) Short selling $1.58M; Ratio 14.058% and WHARF REIC (01997.HK) +0.450 (+2.163%) Short selling $3.39M; Ratio 31.035% leaped over 2%.

　　Pharmas rose. SINO BIOPHARM (01177.HK) +0.120 (+4.255%) Short selling $18.16M; Ratio 19.096% , HANSOH PHARMA (03692.HK) +0.720 (+4.364%) Short selling $9.35M; Ratio 28.656% , WUXI APPTEC (02359.HK) +1.150 (+4.042%) Short selling $2.94M; Ratio 3.431% and PHARMARON (03759.HK) +0.370 (+4.312%) Short selling $291.13K; Ratio 1.455% escalated 4-4.4%, while WUXI BIO (02269.HK) +0.340 (+3.080%) Short selling $19.23M; Ratio 10.709% and INNOVENT BIO (01801.HK) +1.300 (+3.262%) Short selling $17.48M; Ratio 7.793% swelled over 3%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-17 12:25.)

　　Related NewsTF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy

　　AAStocks Financial News