Market Roundup

On New Year's Eve, the Hong Kong stock market had a half-day session. The Hang Seng Index opened 38 points lower at 20,003 points but closed up 18 points or 0.1% at 20,060 points. The Hang Seng Tech Index closed at 4,468 points, down 32 points or 0.7%. The China Enterprises Index rose 9 points or 0.1% to 7,289 points. The total turnover for the half-day session was HKD 74.5 billion. Weimob (2013) and UBTECH (9880) continued their decline, falling 6.3% and 12% respectively. Consumer stocks performed well, with Mengniu (2319) and Haier Smart Home (6690) rising 3% and 2.6% respectively.

Source: KGI Investment Strategy

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