Market Roundup

Market Roundup

The National Bureau of Statistics announced that industrial profits continued to grow. The Hang Seng Index opened 116 points higher this morning, at 17,160 points. The half-day gain further expanded to 169 points, or 1%, to 17,213 points. The H-Share Index rose 54 points, or 0.9%, to 5,914 points. The Hang Seng Technology Index rose 50 points, or 1.3%, to 3,762 points. The total half-day turnover of the market was HK$42.4 bn. China Life (2628) adjusted profit fell sharply, and its stock price fell 2.6% to HK$10.46. In addition, the share price of Café de Coral (341) continued to perform well and rose by 8.28%. Longyuan (916) announced a profit increase of 19% in the first nine months, and its stock price rose 7.6% in half a day.

Source: KGI Asia Investment Strategy

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