Market Roundup

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

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.