Market Roundup

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

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.