Market Insight

Market Roundup

The Hang Seng Index opened slightly lower this morning by 18 points, and closed at 21,370 point. The half-day index was weak and volatile. It closed down 56 points to 21,331 point. The China Enterprises Index fell 22 points or 0.3% to 7,263 point, and the Hang Seng Technology Index fell 12 points or 0.3% to 4,558 point. The market turnover was HK$131.3 bn. YTO International (6123) issued a profit warning and its stock price fell 16% to HK$2.31. Mobile device-related stocks performed well today, with Sunny Optical (2382) and AAC (2018) both up nearly 2.5%. On the other hand, ATM, developed individually, fell 0.8%, rose 0.1% and fell 1.2% respectively.

Source: KGI Asia Investment Strategy

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