STOCKS | SMIC Falls 3% And Breaks Below 250-Day Moving Average

SMIC (00981) fell as much as 3% to HK$68.6, breaking below its 250-day moving average of HK$70.469, according to ETNet. The stock was last down 2.97% at HK$68.65, after trading as high as HK$70.65. Turnover reached 13.14 million shares, worth HK$912 million. The active buy-sell ratio was 38:62, with net active selling of HK$215 million. China Investment Information was the largest net passive buyer at HK$105 million, while ABN AMRO Clearing HK was the largest net passive seller at HK$120 million. The Hang Seng Index was down 1.1% at 25,283, the Hang Seng China Enterprises Index fell 0.8% to 8,447, and the Hang Seng Tech Index dropped 1.1% to 4,569.