Market Roundup

China's annual GDP growth rate meets policy targets. The Hong Kong stock market rose in the morning session. The Hang Seng Index opened 23 points lower, initially dropped 99 points to a low of 19,423, then turned upwards, rising 117 points to a high of 19,640 points. It closed up 61 points or 0.3% at 19,584 points. The China Enterprises Index rose 10 points or 0.14% to 7,109 points. The Hang Seng Tech Index rose 62 points or 1.4% to 4,479 points. The total market turnover for the day was 122.2 billion HKD. SMIC (981) hit a four-and-a-half-year high, rising 9.6% to 39.4 HKD.

Source: KGI Investment Strategy

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