＜H Shrs＞HSI Rebounds 98 pts at Midday; 'Valuation w/ CN Characteristics' Stocks Lead Rally, as CHINA UNICOM Rises 4%+

　　Hong Kong stocks rose in the early morning market, led by stocks under the “Valuation with Chinese Characteristics” theme. HSI opened lower but rebounded in the morning session, rising 98 points or 0.6% to close at 17,815 fro the half-day. HSCEI ascended 39 points or 0.6% to 6,363. HSTECH waned 7 points or 0.2% to 3,580. Half-day turnover totalled $47.791 billion.

　　Telecoms stocks CHINA TELECOM (00728.HK) +0.120 (+2.581%) Short selling $17.39M; Ratio 7.369% and CHINA MOBILE (00941.HK) +2.050 (+2.733%) Short selling $142.76M; Ratio 10.997% inclined 2.6% and 2.7%, CHINA UNICOM (00762.HK) +0.310 (+4.480%) Short selling $35.47M; Ratio 11.065% rose 4.5%, and CHINACOMSERVICE (00552.HK) +0.229 (+5.811%) Short selling $2.34M; Ratio 8.426% spiked 5.8%. Oil stocks SINOPEC CORP (00386.HK) +0.130 (+2.632%) Short selling $42.72M; Ratio 15.403% rose 2.6%, PETROCHINA (00857.HK) +0.280 (+3.699%) Short selling $78.41M; Ratio 22.638% and CNOOC (00883.HK) +0.750 (+3.448%) Short selling $132.45M; Ratio 12.431% climbed 3.7% and 3.4%. Coal stocks CHINA SHENHUA (01088.HK) +1.050 (+2.987%) Short selling $106.80M; Ratio 19.356% and CHINA COAL (01898.HK) +0.270 (+3.010%) Short selling $28.11M; Ratio 29.312% rose 3%. Resources stocks CHALCO (02600.HK) +0.250 (+4.817%) Short selling $6.91M; Ratio 8.501% and CMOC (03993.HK) +0.230 (+3.358%) Short selling $5.06M; Ratio 10.450% escalated 4.8% and 3.4%.

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　　For railway and infrastructure stocks, CRRC (01766.HK) +0.240 (+5.053%) Short selling $4.13M; Ratio 3.028% and TIMES ELECTRIC (03898.HK) +1.200 (+4.096%) Short selling $3.06M; Ratio 6.926% mounted 5.1% and 4.1%, while CHINA STATE CON (03311.HK) +0.360 (+3.482%) Short selling $378.68K; Ratio 2.353% ascended 3.5%. Public sector stock GUANGDONG INV (00270.HK) +0.240 (+5.568%) Short selling $8.41M; Ratio 17.244% hiked 5.6%, while conglomerate CITIC (00267.HK) +0.230 (+3.309%) Short selling $11.74M; Ratio 24.005% advanced 3.3%. Mainland bank stocks CCB (00939.HK) +0.070 (+1.224%) Short selling $166.27M; Ratio 22.054% , ABC (01288.HK) +0.040 (+1.205%) Short selling $51.34M; Ratio 23.278% and ICBC (01398.HK) +0.070 (+1.532%) Short selling $179.61M; Ratio 31.683% elevated 1.2% to 1.5%.

　　Power stocks HUADIAN POWER (01071.HK) +0.180 (+3.974%) Short selling $2.05M; Ratio 5.639% rallied 4%, while CHINA RES POWER (00836.HK) +0.650 (+2.784%) Short selling $26.66M; Ratio 17.562% , HUANENG POWER (00902.HK) +0.160 (+2.873%) Short selling $5.18M; Ratio 5.736% , DATANG POWER (00991.HK) +0.050 (+3.106%) Short selling $672.80K; Ratio 2.669% , CGN POWER (01816.HK) +0.110 (+3.343%) Short selling $16.94M; Ratio 20.631% , CHINA POWER (02380.HK) +0.130 (+3.333%) Short selling $3.62M; Ratio 7.205% and CHINA LONGYUAN (00916.HK) +0.250 (+3.682%) Short selling $16.11M; Ratio 11.403% lifted 2.8% to 3.7%.

　　For tech stocks, TENCENT (00700.HK) -0.400 (-0.107%) Short selling $306.36M; Ratio 11.937% decremented 0.1% to $374, as BIDU-SW (09888.HK) -0.250 (-0.290%) Short selling $73.44M; Ratio 23.376% and KUAISHOU-W (01024.HK) -0.150 (-0.323%) Short selling $73.04M; Ratio 13.184% reduced 0.3%. BABA-SW (09988.HK) -0.550 (-0.769%) Short selling $190.33M; Ratio 17.332% , NTES-S (09999.HK) -1.200 (-0.798%) Short selling $44.63M; Ratio 12.284% , MEITUAN-W (03690.HK) -1.600 (-1.407%) Short selling $240.53M; Ratio 18.245% and JD-SW (09618.HK) -1.700 (-1.611%) Short selling $68.90M; Ratio 18.352% lost 0.8% to 1.6%, while BILIBILI-W (09626.HK) +1.400 (+1.105%) Short selling $36.37M; Ratio 19.313% and XIAOMI-W (01810.HK) +0.040 (+0.242%) Short selling $140.14M; Ratio 19.178% escalated 1.1% and 0.2%.

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　　In other shares, EVERG VEHICLE (00708.HK) -0.010 (-2.353%) Short selling $92.23K; Ratio 0.772% slid 2.4% after shareholders demanded to replace directors, removing Liu Yongzhuo and Qin Liyong. TOPSPORTS (06110.HK) -0.110 (-2.500%) Short selling $3.31M; Ratio 8.387% retreated 2.5% after retail and wholesale sales fell by mid-single digit YoY in 1FQ. NEWBORNTOWN (09911.HK) +0.200 (+4.587%) leapfrogged 4.6% after adding stakes in a subsidiary through cash and new shares, involving $1.98 billion.

　　SINO-OCEAN GP (03377.HK) -0.030 (-8.000%) faced a winding-up petition by Bank of New York Mellon to recover US$400 million plus interest. Its share price cratered 8%.

　　On the IPO front, LAOPU GOLD (06181.HK) +25.600 (+63.210%) , DIDA INC (02559.HK) -0.580 (-9.667%) and TIANJUDIHE (02479.HK) +28.270 (+33.925%) debuted today. LAOPU GOLD closed at $66.1 at half-day, 63.2% higher than the listing price. DIDA INC closed at $5.42 at half-day, 9.7% lower than the listing price. TIANJUDIHE closed at $111.6 at half-day, 33.9% higher than the listing price.

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　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

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