Market Insight

Market Roundup

At the end of the Hong Kong stock market, the Hang Seng Index opened 25 points lower at 17,587 points, and fell 182 points, or 1%, to 17,429 points for the first half; the H-Share Index fell 60 points, or 1%, to 6,010 points; the Hang Seng Technology Index fell 61 points. points or 1.6%, reported at 3,773 points. The market turnover was HK$ 41.1 bn. Macau gaming stocks continued to be under pressure, with Galaxy Entertainment (27) and Sands (1928) falling 4% and 3% respectively. Longyuan Electric Power (916)'s H-share buyback plan was approved, and its stock price rose 3.26% to HK$6.64. Evergrande (3333) was suspended again, while peers Longfor (960) and Agile (3383) fell more than 2%.

Source: KGI Asia Investment Strategy

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