Market Insight

Market Roundup

Hong Kong stock market rose in mid-day driven by Chinese banking stocks and oil stocks performed well. After opening 78 points higher, the HSI rose 217 points to 20,266 points. The HSI rose 149 points or 0.75% in mid-day to 20,199; the HSCEI rose 62 points or 0.92% to 6,860; the HSTECH rose 9 points or 0.24% to 3,904. The market's mid-day turnover totaled HK$57.75bn. Chinese banking stocks generally performed well. Bank of Qingdao (3866) and China CITIC Bank (0998) rose 6.1% and 4.4% respectively. Mainland broker sector also benefited from the rise in A-shares, of which GF Securities (1776) and CGS (6881) rose 4% respectively.

Source: KGI Asia Investment Strategy

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