Market Roundup

On the Hang Seng Index futures settlement day, the market opened 4 points lower but quickly rose by 288 points, reaching a high of 24,076 points. However, the upward momentum did not last, and by midday, it had dropped 252 points to 23,535 points, with a turnover of HKD 234.9 billion. Today, domestic consumption stocks performed well, with Nayuki Holdings (2150) surging over 37%, Haidilao (6862) rising 6.4%, and Cha Ba Dao (2555) increasing by 15.3%. On the other hand, stocks that had previously seen significant gains were under pressure, with Xiaomi (1810) falling 7.6% after hitting a peak, and China Unicom (762) dropping 7.4%.

Source: KGI Investment Strategy

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