STOCKS | NetEase Rises More Than 3% As Trading Volume Reaches 1.55 Million Shares

NetEase (09999) rose more than 3% to as high as HK$187.6, 1.4% above its ADR close, and moved above its 10-day moving average of HK$185.29, according to ETNet. The stock hit a low of HK$183.5 and traded 1.5476 million shares worth HK$286 million. The active buy-sell ratio was 56:44, with net active buying of HK$29.38 million. Citic CLSA Securities was the largest net passive buyer at HK$16.14 million, while ABN AMRO Clearing HK was the largest net passive seller at HK$13.78 million. At the time, the Hang Seng Index was down 68 points, or 0.3%, at 24,848; the Hang Seng China Enterprises Index fell 23 points, or 0.3%, to 8,261; and the Hang Seng Tech Index rose 42 points, or 1%, to 4,360.