HSI rose 317 points or 1.9% to close at 16,828. HSCEI added 123 points or 2.1% to close at 5,954. HSTECH lifted 112 points or 3.4% to close at 3,449. The total market turnover for the whole day was $116.006 billion.
PDD (PDD.US) rocketed 9.4% in the US yesterday. Online shopping platform peer JD-SW (09618.HK) +4.600 (+4.315%) Short selling $439.10M; Ratio 30.048% hiked 6.1%, BABA-SW (09988.HK) +2.700 (+3.868%) Short selling $720.68M; Ratio 15.452% inclined 2%, while takeaway platform MEITUAN-W (03690.HK) +5.000 (+4.604%) Short selling $2.17B; Ratio 25.912% and short-video platform KUAISHOU-W (01024.HK) +4.000 (+8.147%) Short selling $934.72M; Ratio 27.685% surged 8% and 8.6%. UBS said PDD is its top pick in the Chinese e-commerce sector, followed by JD, which is expected to deliver a surprise EPS and benefit from share buybacks.
BofA Securities forecasted TENCENT (00700.HK) +11.800 (+3.550%) Short selling $2.78B; Ratio 19.668% 's annual share buyback to reach $130 billion, compared to the over $100 billion the company previously estimated. TENCENT shares lifted 3.7%. For other tech stocks, BIDU-SW (09888.HK) +1.550 (+1.609%) Short selling $138.17M; Ratio 20.260% , XIAOMI-W (01810.HK) +0.480 (+2.967%) Short selling $480.73M; Ratio 21.871% and BILIBILI-W (09626.HK) +7.950 (+8.799%) Short selling $376.96M; Ratio 40.587% advanced 2.3% to 3%. MEITU (01357.HK) +0.070 (+2.222%) Short selling $2.70M; Ratio 1.938% and XD INC (02400.HK) +0.120 (+0.787%) Short selling $7.48M; Ratio 14.297% ascended more than 5%, while WEIMOB INC (02013.HK) +0.160 (+13.223%) Short selling $16.36M; Ratio 8.456% spiked 7.1%.
For consumer and domestic demand stocks, LI NING (02331.HK) +1.380 (+7.459%) Short selling $138.83M; Ratio 15.993% shares ballooned 5.7% after retail sales revenue grew by low single digits YoY in 1Q. WH GROUP (00288.HK) +0.030 (+0.517%) Short selling $24.24M; Ratio 7.402% achieved net profit before biological fair value adjustments of US$301 million in 1Q, surging 73% YoY, and its shares ascended 5.8%. PRADA (01913.HK) +1.300 (+2.174%) Short selling $4.39M; Ratio 4.066% , HAIDILAO (06862.HK) 0.000 (0.000%) Short selling $28.04M; Ratio 15.504% , JIUMAOJIU (09922.HK) +0.020 (+0.422%) Short selling $14.05M; Ratio 28.579% , CHINA RES BEER (00291.HK) +0.850 (+2.429%) Short selling $104.00M; Ratio 31.058% , SUNART RETAIL (06808.HK) -0.020 (-1.307%) Short selling $4.70M; Ratio 39.514% , and YIHAI INTL (01579.HK) +0.120 (+0.789%) Short selling $4.69M; Ratio 10.519% advanced 3.7% to 4.6%.
EV stocks NIO-SW (09866.HK) +1.200 (+3.828%) Short selling $23.03M; Ratio 35.992% and XPENG-W (09868.HK) +1.050 (+3.825%) Short selling $110.94M; Ratio 32.027% rallied 5.7% and 3.6%, while GWMOTOR (02333.HK) +0.440 (+4.082%) Short selling $70.33M; Ratio 24.161% and LEAPMOTOR (09863.HK) +0.650 (+2.921%) Short selling $13.30M; Ratio 37.622% elevated more than 4%.
Financials rose, with HSBC HOLDINGS (00005.HK) +0.450 (+0.700%) Short selling $180.47M; Ratio 9.205% and STANCHART (02888.HK) +0.550 (+0.840%) Short selling $2.42M; Ratio 11.418% inclining 1.3% and 2.3%, HKEX (00388.HK) +8.200 (+3.553%) Short selling $506.08M; Ratio 16.987% hiking 4.9% and AIA (01299.HK) +1.700 (+3.487%) Short selling $200.15M; Ratio 7.729% rising 1.2%. PING AN (02318.HK) +1.400 (+4.242%) Short selling $554.67M; Ratio 20.190% mounted 3%. Local property stocks NEW WORLD DEV (00017.HK) +0.210 (+2.710%) Short selling $18.47M; Ratio 33.149% and WHARF REIC (01997.HK) -0.350 (-1.499%) Short selling $18.00M; Ratio 13.560% mounted 2.6%. CSRC mulled including REITs in the Stock Connect mechanism, and LINK REIT (00823.HK) +0.900 (+2.731%) Short selling $144.78M; Ratio 30.713% swelled 4.1%.
GIORDANO INT'L (00709.HK) -0.020 (-1.015%) Short selling $1.56M; Ratio 19.150% shares soared 10.1% after David Webb increased his stake by 224,000 shares.
CHABAIDAO (02555.HK) -1.200 (-9.375%) closed at $12.8 on its first day of trading, crashing 26.9% from the listing price of $17.5. TJCD (02515.HK) +0.080 (+5.263%) , also on its first day of trading, closed at $1.52, cratering 39.2% from the listing price of $2.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
