Market Insight

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

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.