STOCKS | Alibaba Falls 3% To One-Month Low As Trading Turns Net-Selling

Alibaba (09988) fell as much as 3.1% to HK$106.6, a one-month low, before closing down 2.6% at HK$107, according to ETNet. The stock traded 48.19 million shares worth HK$5.223 billion, with an active buy-sell ratio of 44:56 and net active selling of HK$533 million. It has now fallen for three straight sessions, down 6.3% in total. Alibaba's RMB counter (89988) dropped 2.8% to RMB91.55, with turnover of 30,900 shares worth RMB2.8655 million. The Hang Seng Index was down 0.5%, the Hang Seng China Enterprises Index fell 0.9%, and the Hang Seng Tech Index lost 1.3%.