Market Insight

Market Roundup

On the last trading day of November, the Hang Seng Index opened 8 points lower at 16,985 points. It rose 31 points, or 0.2%, to 17,024 points for the first half; the H-Share Index rose 24 points, or 0.4%, to 5,842 points; the Hang Seng Technology Index fell 22 points or 0.5%, at 3,888 points, with the market’s total half-day turnover of HK$51.9 bn. After falling by more than 10% yesterday, Meituan (3690) rebounded 0.9% to HK$91.3 today. Domestic consumption stocks performed well today, with share prices of Nongfu Spring (9633), Mengniu (2319) and TINGYI (322) rose by more than 2%.

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.