Market Insight

Half Day Roundup

The Hang Seng Index opened slightly higher by 4 points to 20,607 points, and extended its half-day gain to 247 points to 20,850 point. The China Enterprises Index rose 89 points or 1.3% to 7,026 point; the Hang Seng Technology Index rose 17 points or 0.4% to 4,194 points. Half-day market turnover was HK$70 bn. Oil Stock outperformed the market, rising by about 4% to 5%. Ctrip (9961) announced its results, and its share price rose 2.8% to HK$318.6. The worst performer among the blue chips was Chow Tai Fook (1929), which fell 5.5% in half a day to HK$14.74. Share price of Television Broadcasting (511) continued to rise by 4.8% to HK$6.72.

Source: KGI Asia Investment Strategy

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