Market Roundup

Half Day Roundup

Hong Kong stock market fluctuated today. The HSI opened 73 points lower and then fell 153 points in the morning. It rose 161 points to 16,896, while turned fell at mid-day. The HSI fell 14 points or 0.1% at mid-day to 16,709; the HSCEI was flat to close at 5,864; the HSTECH fell 14 points or 0.4% to 3,436. The total half-day turnover of the market was HK$60.59bn. Gold mining stocks continued to perform well, with the share prices of Zijin (2899), Shandong Gold (1787) and Zhaojin (1818) rising by 1.7%, 5.4% and 6.9% respectively. Fujian Province introduced subsidy policies to promote automobile consumption, and BYD (1211) rose 2.1%.

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.