Market Roundup

Market Roundup

Last night, the U.S. stock index closed higher. The Hang Seng Index followed the ADR performance and opened 96 points higher at 19,936 point. The index once rose nearly 330 points and then softened. It rose 173 points or 0.9% in half a day to 20,013 points. The China Enterprises Index rose 72 points or 1.1% to 6,747 points; the Hang Seng Technology Index rose 55 points or 1.4% to 3,917 points. The half-day market turnover was HK$48.7 bn. BYD (1211) earned 4.1 times more in the first quarter, and its stock price rose by 1.2%. PICC Property & Casualty Company (2328) net profit rose 22% in the first quarter, and its share price rose 2% within half a day.

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.