Market Roundup

After the Christmas holiday, the Hong Kong stock market opened slightly lower by 15 points, starting at 20,083 points. The market was volatile, with a maximum drop of 89 points, but it closed up 24 points or 0.1%, at 20,122 points. The China Enterprises Index rose 13 points or 0.2%, closing at 7,317 points. The Hang Seng Tech Index increased by 54 points or 1.2%, closing at 4,562 points. The total turnover for the half-day market was 85.6 billion HKD. Xiaomi (1810) stated that its R&D expenses might reach 30 billion HKD next year, and its stock price rose by 5.5%. In terms of sectors, consumer stocks were weak, with Nongfu Spring (9633) falling by 4.2% and Haidilao (6862) dropping by 3.7%.

Source: KGI Investment Strategy

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