Market Roundup

Half Day Roundup

Hong Kong stock market continued to perform well after the National Day holiday. The HSI opened 155 points higher and then expanded its gains, rising 1,268 points or 6% at mid-day to 22,401; the HSCEI rose 541 points or 7.2% to 8,051 points; the HSTECH rose 414 points or 6.7%, reported at 5,166 points. The mid-day market turnover totaled HK$235.4bn. Mainland property stocks generally rose, with private companies Shimao (0813), Agile (03383) and CIFI (0884) rising by 64% to 87%. Midea (0300), home appliance stock, rose 11%. Heavyweight stocks generally rose, with Tencent (0700) and Alibaba (9988) rising 6% and 6.8% respectively.

Source: KGI Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.