＜H Shrs＞HSI Fades 246 pts at Midday as MEITUAN Subtracts; Gold Miners, Resource Stocks Slip

　　The HSI faded 246 points or 1.4% to 17,064 at midday. The HSCEI slipped 106 points or 1.7% to 6,036. The HSTECH lost 51 points or 1.5% to 3,439. The total half-day turnover for the market amounted to $57.202 billion.

　　For techs, MEITUAN-W (03690.HK) -5.400 (-4.766%) Short selling $585.15M; Ratio 17.534% sagged 4.8% to $107.9, while TENCENT (00700.HK) -7.800 (-2.148%) Short selling $486.25M; Ratio 10.040% , XIAOMI-W (01810.HK) -0.280 (-1.693%) Short selling $86.53M; Ratio 14.855% and BIDU-SW (09888.HK) -1.900 (-2.165%) Short selling $42.31M; Ratio 13.900% dropped 1.7-2.2%. BABA-SW (09988.HK) -0.500 (-0.674%) Short selling $136.50M; Ratio 14.880% , JD-SW (09618.HK) -0.850 (-0.845%) Short selling $13.90M; Ratio 6.894% , NTES-S (09999.HK) -0.500 (-0.336%) Short selling $53.51M; Ratio 16.191% , KUAISHOU-W (01024.HK) -0.300 (-0.686%) Short selling $76.31M; Ratio 20.462% and BILIBILI-W (09626.HK) -0.700 (-0.610%) Short selling $32.77M; Ratio 25.057% slid less than 1%, while MEITU (01357.HK) +0.220 (+9.735%) Short selling $9.89M; Ratio 6.527% , rallied 9.7% as it expected to post an at least 80% growth in 1H24 adjusted net profit.

　　Related NewsCICC Latest Strategic Top Picks for Overseas CN Stocks (Table)

　　Gold and silver stocks declined significantly. CHI SILVER GP (00815.HK) -0.020 (-6.780%) , ZHAOJIN MINING (01818.HK) -1.140 (-7.917%) Short selling $10.95M; Ratio 6.020% , CHINAGOLDINTL (02099.HK) -3.250 (-7.065%) Short selling $2.37M; Ratio 2.450% and LINGBAO GOLD (03330.HK) -0.220 (-6.607%) slumped 6.6-7.9%, while SD GOLD (01787.HK) -0.760 (-4.508%) Short selling $7.83M; Ratio 9.352% and ZIJIN MINING (02899.HK) -0.700 (-4.459%) Short selling $133.70M; Ratio 23.343% receded 4.5%.

　　Resource stock CMOC (03993.HK) -0.350 (-5.609%) Short selling $16.77M; Ratio 7.479% eroded 5.6%, while CHALCO (02600.HK) -0.170 (-3.812%) Short selling $18.15M; Ratio 12.662% , JIANGXI COPPER (00358.HK) -0.420 (-3.017%) Short selling $5.67M; Ratio 13.337% and MMG (01208.HK) -0.090 (-3.435%) Short selling $9.45M; Ratio 14.823% shed 3-3.8%. Energy stocks softened. Oil producers PETROCHINA (00857.HK) -0.270 (-3.814%) Short selling $41.14M; Ratio 7.516% and CNOOC (00883.HK) -0.600 (-2.913%) Short selling $185.43M; Ratio 13.171% cascaded 3.8% and 2.9%, while coal stocks CHINA SHENHUA (01088.HK) -0.800 (-2.370%) Short selling $56.06M; Ratio 21.276% , YANKUANG ENERGY (01171.HK) -0.240 (-2.402%) Short selling $8.44M; Ratio 12.258% and CHINA COAL (01898.HK) -0.190 (-2.436%) Short selling $12.18M; Ratio 19.467% cratered 2.4%.

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

　　AAStocks Financial News