Market Insight

Market Roundup

After the Hong Kong stock market was under pressure for several days, the Hang Seng Index opened slightly higher today by 19 points at17,642 points, while the market close rose 167 points or 0.9% to 17,791 points. The China Enterprises Index rose 67 points or 1.1% to 6,097 point. The Hang Seng Technology Index rose 78 points or 1.9% to 4,001 point. The market turnover was HK$ 102.2 bn. Goldwind Technology (2208) announced its interim results and its net profit fell 34.8%. The stock price fell 7.9% to HK$4.19. In addition, sporting goods stocks fell against the market today, Li Ning (2331), Anta (2020) and Xtep (1368) fell 3.2%, 1% and 1.6% respectively.

Source: KGI Asia Investment Strategy

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