HSI 20,929 +2.72% : HSCEI 11,901 +2.49% :Market TurnoverHK$71.4bn
Trading volumes down significantly from Friday. HK market opened up strong following strong rally from the US. In the morning trading session range-bounded, in the afternoon session, market fell slightly due to China market weakened, but bounced back breaking through the 21,000 level, which is highest this year.
Telecom: Mainland Telecomm continues to rallied following from last week’s gains; China Mobile (941 HK) up +3.4%, China Telecom (728 HK) up +1.7%, China Unicom (762 HK) up +1.9%
Auto: Chinese Autos continue to move up on the July auto sales number jumping 70.5% to832,596 units; Denway (203 HK) up +5.3%, Dongfeng (489 HK) up +4.8%, Great Wall ( HK) up +4.9%, Gelly (175 HK) +1.1%.
HKEx (388 HK) up +2.8%, as it’s earning is due this Wednesday.
Harbin Power (1133 HK) down -1.5%, 1H09 net profit fell 56% to Rmb220million
GOME (493 HK) +3.4%, despite former chairman facing HK probes for alleged fraud
