Market Roundup

Half Day Roundup

After the Hang Seng Index opened 105 points lower and opened at 17,008 points, the index once fell 187 points. At noon, it rose 57 points or 0.3% to 17,171 points; the HSCEI Index rose 37 points or 0.6% to 6,062 points; the Hang Seng Technology Index rose 14 points or 0.4%, quoted at 3,410 points. The total half-day turnover of the market was HK$49.3 billion. Nexteer (1316) interim net profit fell 54%, and its stock price plummeted 16%. Tencent (700) also announced its results last night, and the performance was generally better than expected. However, management said that it was negotiating with Apple on mini-game revenue sharing, and its stock price fell by 0.5% today.

Source: KGI Investment Strategy

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