00558 Overview

Adjustments to Southbound Trading: The Shanghai and Shenzhen Stock Exchanges have updated the list of securities eligible for Southbound Trading, effective today, due to changes in the Hang Seng Composite Index constituents.

New Additions and Removals: Notable additions include CHINA FOODS and COUNTRY GARDEN, while removals feature CITYCHAMP and SIPAI HEALTH, with various short selling data provided for each stock.

Market Performance: The HSI fell by 120 points (0.5%) to 25,496, while the HSTI and HSCEI also experienced declines, with market turnover reaching $328.12 billion.

Active Stocks: Notable movements included XIAOMI rising 3.4%, while MEITUAN and BABA dropped 1.8%. Additionally, MONGOL MINING surged 20.3%, hitting a new high, while YOURAN DAIRY fell by 10.9%.

Hang Seng Index Adjustments: The Hang Seng Index has added CHINA TELECOM, JD LOGISTICS, and POP MART to its constituents, while the HSCEI has included POP MART but removed J&T EXPRESS-W.

Short Selling Data: Significant short selling activity was noted for POP MART ($245.68M) and J&T EXPRESS-W ($44.69M), with varying ratios indicating market sentiment.

Southbound Stock Connect Changes: 20 stocks are set to be added to Southbound Stock Connect, including CHINA FOODS and CAOCAO INC, while 19 stocks will be removed.

Market Impact Concerns: Analysts express concerns about the potential positive effects of these adjustments on certain companies like CHINA TELECOM and JD LOGISTICS, while noting negative impacts on others such as LENOVO GROUP and ASMPT.

Market Performance: The Hang Seng Index (HSI) fell by 142 points (0.6%) to close at 24,980, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.

Active Heavyweights: Major stocks like Alibaba, Tencent, Meituan, and Xiaomi saw slight decreases in their share prices, with significant short selling activity reported for each.

Notable Movers: Hansoh Pharma dropped significantly by 7.8%, while Sunny Optical rose by 6.6%. Other notable declines included JD Health and Zhongsheng Holdings, whereas XPeng showed a modest increase.

High Performers: Fuyao Glass and Pop Mart achieved substantial gains of 13.8% and 8.6% respectively, both hitting new highs, while several other stocks faced considerable losses.

Southbound Trading Activity: The TRACKER FUND (02800.HK) saw significant net inflows of HKD12.8 billion, while it was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect with a total net inflow of HKD8.1 billion and HKD4.7 billion respectively.

Short Selling Overview: Short selling activity was notable, with the TRACKER FUND experiencing $15.90 billion in short sales at a ratio of 53.748%, indicating high trading volume and investor interest.

Market Performance: The Hang Seng Index (HSI) fell by 249 points (1.0%) to close at 25,270, with significant declines in other indices and a market turnover of $312.69 billion.

Stock Movements: Notable stock movements included JD Health rising by 11.7% to a new high, while major companies like Alibaba and CCB saw declines of 3% and 2.3%, respectively.