Market Roundup

The Hang Seng Index opened 187 points lower but rebounded by midday, rising 135 points or 0.55% to 24,504 points. The China Enterprises Index rose 82 points or 0.92% to 9,020 points. The Hang Seng Tech Index increased by 81 points or 1.3% to 6,149 points. The total market turnover for the half-day was HKD 183.008 billion. Although JD.com's (9618) Non-GAAP net profit exceeded expectations, management indicated that operating profit for this year is expected to remain flat year-on-year, causing JD Health's stock price to drop by 9.6%. Additionally, sportswear stocks performed well today, with Topsports (6110), Li Ning (2331), and Anta (2020) rising by 5-7%.

Source: KGI Investment Strategy

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