Market Roundup

Half Day Roundup

The Hang Seng Index opened 84 points lower, at 18,028 points, and fell 121 points, or 0.7%, in half a day, to 17,991 points; the HSCEI Index fell 33 points, or 0.5%, to 6,388 points; the Hang Seng Technology Index fell 33 points, or 0.9%, to 3,705 points. The total half-day turnover of the market was HK$57.939 billion. Mainland property stocks performed well today, with Longfor (960) and China Resources Land (1109) rising 5.7% and 2.6% respectively. Chow Tai Fook (1929) announced a 21% increase in net profit for the year to the end of March, but no special dividend paid for the quarter which miss market expectation and its stock price fell 7.7%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.