Market Insight

Market Roundup

The Hang Seng Index opened slightly lower by 24 points in the early session, opening at 19,228 points, once extended its decline to a maximum of 164 points, and fell 74 points or 0.4% in half a day, to 19,178 points; The China Enterprises Index fell 49 points or 0.7% to 6,492 points; the Hang Seng Technology Index fell 51 points or 1.3% to 3,870 points. The market's half-day turnover was HK$ 44.1 bn. Ctrip (9961)'s first-quarter results beat market expectations, and its share price rose 4.2% to HK$279.8. The shipping freight index showed signs of recovery drove shipping stocks rebounded. Orient Overseas International (316) and COSCO Shipping Holdings (1919) rose 4.4% and 3.1% respectively.

Source: KGI Asia Investment Strategy

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