Market Roundup

Hong Kong stock market fluctuated in a narrow range today. The HSI opened 91 points higher before falling back. It fell 162 points before rising again, rising 16 points or 0.07% at mid-day to 21,997. The HSCEI rose 2 points to 8,082; and the HSTECH rose 24 points or 0.5% to 5,007. The total market turnover was HK$96.61bn. Consumer stock Pop Mart (9992) recently launched new products under its popular IP, and its share price surged 11.1%. Domestic media reported that the clinical test results of ivonescimab, a drug developed by Kangfang Biopharma (9926) and its partner Summit, did not reach the statistical significance threshold, and Kangfang Biopharma's share price fell 12.2%.

Source: KGI Investment Products and Solutions Department

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