Market Insight

Market Roundup

Hong Kong stock market fluctuated today. The HSI opened 73 points lower and then rose 161 points. However, it turned down 14 points before mid-day. Volatility continued to narrow afternoon, rising 8 points or 0.05% today to close at 16,732; the HSCEI rose 5 points or 0.09% to close at 5,868; the HSTECH fell 6 points or 0.2% to close at 3,444. The total daily turnover of the market was HK$99.87bn. Gold mining stocks continued to perform well, with Shandong Gold (1787) and Zhaojin (1818) rising 4.7% and 6.5% respectively, while Zijin (2899) closed down 0.1%. Fujian Province introduced incentive and subsidy policies to promote automobile consumption, and BYD (1211) rose 2.1%.

Source: KGI Asia Investment Strategy

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