Market Roundup

The market is waiting to see the inflation data released by the U.S., and Hong Kong stock market fluctuated today. The HSI opened 93 points higher and then rose 170 points, then fell 69 points and fell less than 1 point at mid-day to 20,310; the HSCEI rose 6 points or 0.1% to 7,312; the HSETCH fell 10 points or 0.2 %, reported 4,581. The total mid-day market turnover was HK$71.81bn. China catering stocks generally rose, with Yihai Intl (1579), Xiabu Xiabu (0520) and Jiumaojiu (9922) rising 5% to 6%. Fosun Tourism Culture (1992) plans to privatize the company at a price of HK$7.8 per share. The stock rose 81% at mid-day.

Source: KGI Investment Strategy

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