MARKET TALK: HK Short Sales Down 28.0% Tuesday; Tencent Tops

8th Jun 2010 00:38

2338 GMT [Dow Jones] HK short-selling volume down 28.0% at HK$3.946 billion Tuesday, 9.0% of market total, slightly lower vs 10.4% Monday, suggests bears slightly deterred by HSI's 0.6% rise; but any further upside in HSI near-term likely capped as ratio of short sales remains relatively high. Tencent (0700.HK) leads with HK$881.91 million, followed by China Mobile (0941.HK) with HK$203.45 million, HSBC (0005.HK) with HK$135.45 million, Shenhua (1088.HK) with HK$107.76 million and A50 (2823.HK) with HK$98.15 million. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires June 08, 2010 19:38 ET (23:38 GMT)