Hangzhou Fully Abolishes Home Purchase Restrictions; Many 2nd Line CN Developers Surge as SHIMAO GROUP Spikes 33%

　　The incline of second-line Chinese developers expanded significantly as cities in China relaxed property market measures successively, with Hangzhou completely abolishing its home purchase restrictions. SHIMAO GROUP (00813.HK) +0.190 (+42.222%) opened flat today, and peaked at $0.61. It last printed at $0.6, spiking 33.33%, with 69.5785 million shares traded, involving $37.4214 million.

　　FANTASIA (01777.HK) +0.007 (+21.875%) opened 3.13% higher today, and peaked at $0.041. The stock last shot up 25% to $0.04. Volume amounted to 4.8375 million shares, involving $178,000.

　　SUNAC (01918.HK) +0.170 (+14.167%) Short selling $7.75M; Ratio 1.597% opened 1.67% higher today, and peaked at $1.38. It last printed at $1.35, up 25%, with 241 million shares traded, involving $309 million.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-09 12:25.)

　　AAStocks Financial News