Market Roundup

Market Roundup

After opening 12 points higher this morning, the Hang Seng Index rose 98 points to a high of 17,555 points. However, the upward trend failed to continue and closed at 17,444 points for the whole day, down 13 points or 0.1%. The HSCEI Index fell 28 points, or 0.5%, to 6,105 points. The Hang Seng Index rose 5 points, or 0.1%, to 3,488 points. The total daily turnover of the market was HK$84.9 billion. Media reported that OPEC+ was close to reaching an agreement on postponing production increase in October, and PetroChina (857) fell 2.9%. POP Mart (9992) hit a new high and rose 2.8% to HK$48.3.

Source: KGI Investment Strategy

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