Market Roundup

The Hong Kong stock market continued its upward trend from Wednesday. The Hang Seng Index opened 393 points higher and expanded its gains, rising 623 points or 2.6% to 24,217 points by midday. The China Enterprises Index rose 248 points or 2.9% to 8,878 points, and the Hang Seng Tech Index increased by 272 points or 4.7% to 6,030 points. The total market turnover for the half-day was HKD 216.8 billion. Several tech stocks performed well, with Tencent (700) up 5.8%, Alibaba (9988) up 7.2%, and Kuaishou (1024) up 13.9%. However, Chow Tai Fook (1929), which saw significant gains yesterday, experienced a slight pullback today, with its stock price falling by 1.6%.

Source: KGI Investment Strategy

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