Market Roundup

The U.S. December PPI was lower than market consensus, and Hong Kong stock market rose today. The HSI opened 69 points lower and then turned around to rise, rising 44 points or 0.2% to 19,264 at the mid-day; the HSCEI rose 16 points or 0.2% to 7,003; the HSTECH rose 9 points or 0.2% to 4,361. The total market turnover for the mid-day was HK$78.22bn. Q Tech (1478) issued a positive profit warning, predicting full-year profit growth of 200% to 280%. The share price rose 4.7%. Auto stock Changan Automobile (2333) is expected to achieve a yoy net profit growth of up to 85% last year. Its share price fell 3.9% at mid-day.

Source: KGI Investment Strategy

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