Market Roundup

Hong Kong stock market performed well today. The HSI opened 32 points higher and then expanded its gains. It rose 230 points or 1.1% at mid-day to 20,720. The HSCEI rose 75 points or 1% to 7,435. The HSTECH rose 83 points or 1.9% to close at 4,567. The total mid-day market turnover was HK$88.95bn. Premier Li Qiang expressed the need to further unleash the development potential of photovoltaics energy. Photovoltaic-related stocks surged today, with individual stocks such as Xinyi Solar (0968), Flat Glass (6865) and GCL Technology (3800) rising between 17% and 25%. %. The largest shareholder of Bubble Mart (9992) sold shares at a discount of up to 5.5% to cash out no more than HK$1.6bn, and the stock price fell 8.8%.

Source: KGI Investment Strategy

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