Market Roundup

Half Day Roundup

Benefiting from the China financial and real estate stimulus policies, Hong Kong stock market continued their upward trend and high trading volume today. The HSI opened 543 points higher and narrowed to a rise of only 157 points. Then the gains expanded again, rising 689 points or 3.3% at mid-day to 21,321; the HSCEI rose 260 points or 3.6% to 7,560; the HSTECH rose 317 points or 7.1% to 4,770. The total mid-day market turnover was HK$256.55bn. Another first-tier city in China adjusted its real estate policy. Mainland real estate stocks Sunac (1918) and R&F (2777) rose 28% and 26% respectively. Brokerage stocks generally rose, with gains ranging from 13% to 20%.

Source: KGI Investment Strategy

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