Market Roundup

Market 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 1,310 points or 6.2% today to close at 22,443; the HSCEI rose 531 points or 7.1% to close at 8,041; the HSTECH rose 405 points or 8.5% to close at 5,157. The total daily market turnover was HK$434.02bn. Mainland property stocks generally rose, with private companies Shimao (0813), Agile (03383) and CIFI (0884) rising by 97.8% to 160.0%. Midea (0300), home appliance stock, rose 25.7%. Heavyweight stocks generally rose, with Tencent (0700) and Alibaba (9988) rising 5.7% and 4.6% respectively.

Source: KGI Investment Strategy

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