MARKET TALK: HK Short Sales +60.1% Midday; Tencent Leads

6th Jul 2010 07:09

0609 GMT [Dow Jones] HK short-selling volume +60.1% at HK$1.804 billion midday, 8.1% of market total vs 4.9% Monday's half-day, suggests HSI's 0.2% rise midday likely dead cat bounce following its 4.3% fall over past 4 sessions, while more downside expected near-term. Tencent (0700.HK) leads with HK$180.73 million, China Life (2628.HK) with HK$164.32 million, Cnooc (0883.HK) with HK$97.82 million, HSBC (0005.HK) with HK$84.02 million and Bank of Communications (3328.HK) with HK$71.39 million. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 06, 2010 02:09 ET (06:09 GMT)