Market Insight

Market Roundup

On the eve of the Easter holiday, the Hang Seng Index opened 128 points lower at 20,146 point. Managed to closed up 57 points or 0.3% to 20,331 point; the China Enterprises Index rose 18 points or 0.3% to 6,894 points; the Hang Seng Technology Index rose 4 points or 0.1% to 4,238 points. The market turnover was HK$101.7 bn. Chip stocks performed well today, with SMIC (981) and Hua Hong Semiconductor (1347) up 7.7% and 3.6% respectively. Gold-related stocks also rallied, Zhaojin Mining (1818) and Zijin Mining (2899) rose 4% and 5.3% respectively.

Source: KGI Asia Investment Strategy

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