Market Insight

Market Roundup

Hong Kong stocks opened slightly higher by 27 points at 16,373 points. After rising as much as 118 points, the Hang Seng Index fell 11 points or 0.1% throughout the day to 16,334 points. The H-Share Index fell 18 points, or 0.3%, to 5,598 points; the Hang Seng Technology Index fell 14 points, or 0.4%, to 3,706 points. The market's full-day turnover was HK$88.3bn. In terms of blue chips stock, Sunny Optical (2382) was the best performer, with its share price rising 2.1% to HK$68.2; on the other hand, Chow Tai Fook (1929) fell 5.2% to HK$10.3; and mainland property developer stocks were under pressure, with China Resources Land (1109) , Longfor (960) share prices fell 4.6% and 1.6% respectively.

Source: KGI Asia Investment Strategy

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