Market Roundup

Market Roundup

The Hang Seng Index opened 31 points higher today and reported at 20,082 points. The trend throughout the day was slightly volatile, closing down 126 points or 0.63% to 19,926 point; the H-Share Index fell 77 points or 1.2% to 6,649 point; the Hang Seng Technology Index fell 58 points, or 1.5 percent, at 3,931 point. The market's turnover was HK$102.9 bn. Today, TV Broadcasting (511) continued to be hotly speculated, rising by as much as 33.5% to HK$17.9, and closed down sharply by 15% to HK$11.4, with a turnover of HK$1.25 bn. China Telecom stocks rose more and more. China Mobile (941) and China Telecom (728) rose 3% and 4% respectively.

Source: KGI Asia Investment Strategy

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