Market Roundup

The Hang Seng Index opened 131 points higher at 20,730 points, the gain once expanded to 291 points . It closed up 102 points or 0.49% at 20,701 points. The China Enterprises Index rose 26 points or 0.35% to 7,417 points, and the Hang Seng Tech Index increased by 49 points or 1.1% to 4,624 points. The total market turnover for the day was HKD 154.2 billion. With the Middle East crisis easing and oil prices under pressure, Sinopec (386) and PetroChina (857) dropped by 2% and 2.2%, respectively. HSBC (0005) exceeded earnings expectations, its stock price rose by 3.7%.

Source: KGI Investment Strategy

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