Market Insight

Market Roundup

US stock market did well yesterday, and Hong Kong market continue to rise today. The HSI opened 96 points higher, then expanded to 155 points before falling back, rising 16 points or 0.1% today to close at 17,763; the HSCEI fell 9 points or 0.2% to close at 6,273; the HSTECH fell 12 points or 0.3 %, closing at 3,700. The total daily turnover of the market was HK$130.86bn. HSBC (0005)'s first-quarter result was in line with consensus, and buyback increased to US$3bn. The stock price rose 2.2% today. Bank of China Hong Kong (2388)’s first-quarter PPOP rose 22%, and its stock price rose 1.5%. BYD (1211)'s first-quarter net profit increased 11%, and its stock price fell 0.4%.

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.