Market Roundup

Market Roundup

The Hang Seng Index opened 104 points lower and initially fell 212 points to 16,665 points. It ended the day slightly up by 14 points or 0.1%, closed at 16,892 points. The HSCEI Index rose 8 points or 0.1% to 5,941 points, while the Hang Seng Tech Index fell 16 points or 0.4% to 3,367 points. The total market turnover for the day was HKD 102.8 billion. Chinese food and beverage stocks were under pressure, with Uni-President China (220) down 9.1% and Tingyi (322) down 7%. Shenzhen began purchasing commercial housing, mainland property stocks initially performed well in early session, but the gains narrowed Longfor (960) only rose 0.4%. Techtronic Industries (669) was favored by brokers after its earnings, with its stock price rose 3.1%.

Source: KGI Investment Strategy

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