Race 4 (442)
THE STOCK EXCHANGE CHALLENGE CUP (HANDICAP) Rating:72-48 975m Happy Valley Good
Section 1
| Placing | Horse No |
Horse Name | Jockey | Gear | Comment |
| 1 | 4 | SPEEDY GOOD (BG401) | B Marcus | -- | Made all. Was seriously challenged inside final 400 M but held on well to defy runner-up near finish. (Promoted.) |
| 2 | 1 | CALIFORNIA GOLD (BK094) | F Coetzee | -- | Close up and was 2nd outside leader off Rock. Came to tackle leader from 500 M, having every chance until outstayed close home. |
| 3 | 10 | BLUE AND GOLD (BK071) | A S Cruz | -- | Settled 7th. Effort home bend and ran on steadily from 5th into straight without troubling first pair. |
| 4 | 2 | ALWAYS EARLY (BG329) | C K Tse | -- | Contested early lead. Held 3rd around home bend and into straight but could find no extra in closing stages. |
| 5 | 3 | KING'S FLAIR (BB080) | G Childs | -- | Rear until making some progress to 5th early in straight. One-paced. |
| 6 | 8 | PHANTASY WAY (BG343) | J Marshall | -- | Forced to ease at start, dropping to last. Remained there until making some late progress inside final 150 M. |
| 7 | 9 | ELECTRIC POWER (BJ258) | E Saint-Martin | -- | Raced wide in last few throughout. |
| 8 | 7 | CLEAN THEM UP (BG228) | L F Chung | -- | Never better than midfield. Found nothing in straight. |
| 9 | 5 | THE GREAT NATURE (BH246) | L O'Sullivan | -- | Mostly 4th before checked 400 M out. Never recovered. |
| 10 | 6 | SMART RUNNER (BE025) | T Kwok | -- | Well there early but soon dropped to midfield. Improved to 4th approaching straight but could find no extra. |
| B : | Blinkers | BO : | Blinker with one cowl only | CC : | Cornell Collar | CP : | Sheepskin Cheek Pieces |
| CO : | Sheepskin Cheek Piece One Side | E : | Ear Plugs | H : | Hood | P : | Pacifier |
| PC : | Pacifier with cowls | PS : | Pacifier with one cowl | SB : | Sheepskin Browband | SR : | Shadow Roll |
| TT : | Tongue Tie | V : | Visor | VO : | Visor with one cowl | XB : | Crossed Nose Band |
| "1" : | First time | "2" : | Replaced | "-" : | Removed |