Market Roundup

The National Development and Reform Commission issued the second batch of Rmb 81 billion of ultra-long-term special treasury bond funds this year to support the goods trade-in. The Hang Seng Index rose 36 points, or 0.16%, to 22,008 points throughout the day; the National Index fell 12 points, or 0.15%, to 8,068 points; and the Hang Seng Tech Index rose 31 points, or 0.62%, to 5,019 points. The total market turnover for the day was HK$177.6 billion. Alibaba Health (241) rose 7.1% and WuXi AppTec (2359) rose 4.2%. Li Ning (2331) announced that its first quarter retail sales recorded low single-digit growth year-on-year and its share price fell 2.5%.

Source: KGI Investment Strategy Department

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