Market Roundup

Market Roundup

On the first trading day of the Year of the Rabbit, the Hong Kong stock market opened 342 points higher today, at 22,386 points, and continued to rise 522 points, at 22,566 points. CEI rose 223 points to 7,706 point; the Hang Seng Technology Index rose 194 points to 4,763 point. Market turnover was HK$119.5 bn. Xiaomi (1810) rose more than 12.5%, Tencent (700) rose 3.8%, regained the HK$400 level, Meituan (3690) rose 2.6%, and Alibaba (9988) rose 1%. In addition, Sands China (1928)'s annual earning turned negative and its share price fell 2.2% to HK$29.4.

Source: KGI Asia Investment Strategy

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