Market Insight

Market Roundup

After several days of selling pressure on Hong Kong stocks, the Hang Seng Index opened slightly higher today by 19 points to 17,642 points. The index once rose by 179 points in the early session, but the upward trend failed to continue. It rose 28 points or 0.1% in half a day to 17,652 points. The H-Share index rose 6 points or 0.1% to 6,036 point. The Hang Seng Technology Index rose 17 points or 0.4% to 3,940 point. The market's half-day turnover was HK$45.5 bn. Goldwind Technology (2208) announced its interim results and its net profit fell 34.8%. The stock price fell 8% to HK$4.17. In addition, sporting goods stocks fell against the market today. Li Ning (2331), Anta (2020) and Xtep (1368) fell 2.8%, 1.5% and 1.8% respectively.

Source: KGI Asia Investment Strategy

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