Market Roundup

Half Day Roundup

The Hang Seng Index continued its upward trend and closed at 19,572 points for half a day, up 443 points or 2.3%. The Hang Seng Technology Index reported at 4,090 points, up 165 points or 4.2%. The H-Share Index rose 187 points, or 2.8%, to 6,952 points. The total half-day turnover of the market was HK$117.1 billion. Shanghai announced the issuance of RMB 500 million consumption coupons. Domestic consumption stocks were the focus of investment today. Haidilao (6862), Anta Sports (2020) and Li Ning (2331) rose between 9.7-11%, and Helens (9869) stock price rose 31.4% to HK$2.01. As for major technology stocks, Tencent (700) rose 3.5%, Meituan (3690) rose 5.3% and Alibaba (9988) rose 5.4%.

Source: KGI Investment Strategy

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