Market Roundup

The central government introduced a plan to boost consumption, and Hong Kong stock market continued their upward trend from last Friday. The HSI opened 266 points higher and then retreated some of the gains, closing at 24,145, up 185 points or 0.8% today. The HSCEI rose 50 points or 0.6% to 8,928. The HSTECH fell 7 points or 0.1% to 5,872. The total market turnover for the day was HK$244.82bn. China retail sales in the first two months exceeded expectations. Consumer stocks generally performed well, with Topsports (6110) and Pop Mart (9992) rising 5.7% and 6.7% respectively. Li Auto (2015) quarterly vehicle gross margin was lower than expected and its share price fell 7.2% today.

Source: KGI Investment Strategy

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