Market Insight

Half Day Roundup

Hong Kong stock market continued to perform well today, rising for three consecutive trading days. The HSI opened 164 points higher and continued its upward trend, closing at 17,110 at mid-day, up 281 points or 1.7%. The HSTECH rose 90 points, or 2.6%, to close at 3,539; the HSCEI rose 107 points, or 1.8%, to close at 6,061. The market's mid-day turnover was HK$70.88bn. Heavyweight technology stocks generally rose today, with Tencent (0700), Meituan (3690) and JD.com (9618) rising by 2.2%, 2.3% and 3.7% respectively. SenseTime (0020) rose 31.2% before the trading halt.

Source: KGI Asia Investment Strategy

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