HKex Daily Roundup

Cosco (1919.HK) in red with a big down of -10.71%. But the projections for the second half are favourable.

Maanshan (323.HK) back on green with a +3.58% after few weeks of downtrend in the Iron & Steel sector. With the governament planning a reduction of steel production and the iron ore set to decrease in price, the figures might look good on the balance sheet of the steel companies in the weeks and months to come. Go on my LinkedIn profile (Alessandro Meccheri) to download the bulletin attached to this podcast

Lee & Man paper (02314.HK) starts off with a 10% plus in the first hour of the day and takes a nap afterwards. The coal sector keeps on going down, while pharma e biotech seem to go through a correction. Is it the end of a 6-month rally? (Check the charts and the visuals on my LinkedIn profile: type “Alessandro Meccheri”)

With a spike up of almost 7% the automobile seller seize the day. Oil also recovers from the little correction and keep on running up, up, up. However, the fastest runner seems to be Xtep (1368.HK). Isn’t that because they know how to chose the right footwear? (to download the visual related to this podcast, please go on my LinkedIn profile: type “Alessandro Meccheri” on LinkedIn or copy-paste this link: http://linkedin.com/in/alessandro-meccheri-348aa794)

Xinte Energy (01799.HK) continues its positive trend from last Friday which has persisted all the way through yesterday, when the half-day session and the black rain signal didn’t tame the bulls. On the contrary, the shipping industry still faces problem of self-confidence. And the responsibility is probably to be taken by someone at the Shenzhen port... . Last but not least, oil sector goes red. Big news! Party over and everyone on the way home or it’s just a correction?

Good day for HSI, going green 1.79%. However, despite the nice overall performance of the Hang Seng index, we see important industries such as the shipping sector and the education one going well down red territories. And while some automobile industry players might entice traders and investors with a possible reversal right around the corner, many eyes are still on commodities, especially aluminium and copper.

The pharmaceutical sector offer a good entry point for both traders and long term investor, with Sihuan Pharmaceuticals (00460.HK) starting out a reversal on its uptrend corridor. Good news for oil industry, with Petrochina (00857.HK) up 6% after yesterday’s correction. Interesting moves in education. And paper industry is a sector to keep an eye on.

The positive macro-trend of the oil industry still looks bullish but Petrochina (857.HK) suffers a correction. Good day for iron and steel companies, even though it might be a bit early to set back to the old tops of February. And after months of red noses, the education industry shows up in a green dress again