Market Roundup

The Hang Seng Index opened 101 points higher this morning at 21,959 points, and by midday, it had risen 333 points or 1.5% to 22,191 points. The China Enterprises Index increased by 107 points or 1.3% to 8,165 points, and the Hang Seng Tech Index rose by 79 points or 1.5% to 5,360 points. The total market turnover for the half-day was HKD 156.3 billion. Baidu (9888), Kuaishou (1024), and Bilibili (9626) saw gains ranging from 7% to 7.5%. Additionally, Alibaba (9988) rose nearly 4%. MGM China (2282) reported a 25% year-on-year increase in adjusted EBITDA last year, reaching a new high, and its stock price rose by 6.9%.

Source: KGI Investment Strategy

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