Market Insight

Market Roundup

The People’s Bank of China held a symposium yesterday and stated that it will guide more financial resources to flow to the privately owned company. The Hang Seng Index opened 250 points higher today, after opening at 19,671 points, but the increase narrowed. It rose 192 points or 1% in half a day to 19,612 points. The H-share Index rose 95 points to 6,747 points; the Hang Seng Technology Index rose 86 points, or 2%, to 4,493 points. The market's half-day turnover was HK$ 69.3 bn. Maoyan Entertainment (1896) jumped 17.3% to HK$10.18 after it issued a positive profit alert. China Unicom (762) rose 3.7% to HK$5.63, the best performing blue chip stock.

Source: KGI Asia Investment Strategy

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