Market Roundup

Half Day Roundup

On the first trading day of 2023, it opened 211 points lower at 19,570 point. The market managed to turn to gain of 258 points at 20,040 point. The China Enterprises Index rose 83 points or 1.25% to 6,788 point, and the Hang Seng Technology Index rose 62 points or 1.5% to 4,190 point. Half-day market turnover was HK$66.6 bn. With mainland reopening schedule approaching, Macau gaming stocks ushered in outstanding performance on the first day. Wynn (1128) rose 8.2% to HK$9.4, and MGM (2282) rose 10.9% to HK$9.5. After the release of new energy vehicle sales data, Li Auto (2015) and Xpeng Motors (9868) rose 9.1% and 6.6% respectively, leading the performance of the Hang Seng Tech Index.

Source: KGI Asia Investment Strategy

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