STOCKS | Alibaba Crosses 470,000 Shares At 3.1% Discount

Alibaba (09988) recorded a cross trade of 470,000 shares at 10:07 AM, with the shares changing hands at HK$110.65 each, 3.1% below the previous close, involving HK$52.01 million, according to ETNet. The stock was down 3% at HK$110.80. Turnover reached 23.45 million shares worth HK$2.619 billion, with active buying and selling at 35:65 and net active selling of HK$645 million.