Market Roundup

Market Roundup

The market's worries about banks eased, and U.S. stocks performed well. The Hang Seng Index opened 121 points higher at 19,688 points. The index once turned down and then rebounded. It rose 217 points or 1.1% to 19,785 points at market close ;The China Enterprises Index rose 81 points or 1.2% to 6,730 points; the Hang Seng Technology Index rose 38 points or 0.9% to 4,144 point. The total daily turnover of the market was HK$106.1 bn. Tingyi (322)'s annual net profit fell 30.8%, and its share price fell 10.4% to HK$12.7. Link REIT (823)'s rights shares were oversubscribed, and its share price fell 0.6% to HK$50.05.

Source: KGI Asia Investment Strategy

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