Market Insight

Half Day Roundup

Hong Kong stock market performed well today. The HSI opened 4 points higher this morning and then expanded its gains. It rose 376 points or 2.3% at mid-day to 16,539. The HSCEI rose 152 points or 2.8% to 5,715. The HSTECH rose 125 points or 3.8 points. %, reported 3,449. The total half-day turnover of the market was HK$57.53bn. JD.com (09618) announced its results after the market closed today, and its stock price rose 9.5%. Nio (9866) reported a non-IFRS loss of RMb18.5bn last year, and its stock price rose 4.5% . Domestic demand stocks generally rose today, with Li Ning (2331) and China Resources Beer (0291) both rising by more than 4%.

Source: KGI Asia Investment Strategy

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