Market Roundup

The Hang Seng Index closed at 24,047 points at midday, up 584 points or 2.5%. The Hang Seng Tech Index reported 5,904 points, up 156 points or 2.7%. The China Enterprises Index rose 268 points or 3.1%, closing at 8,908 points. The half-day trading amount was HKD 158.9 billion. Bank and insurance stocks performed well, with Ping An (2318) rose 6.1% and CCB (939) rose 2.2%. In addition, consumer stocks showed good performance ahead of a meeting next Monday to introduce measures to stimulate consumption, with Li Ning (2331) rose 6.4% and Haier Smart Home (6690) rose 5.2%.

Source: KGI Investment Strategy

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