Market Roundup

2024.11.14 17:00

On the first trading day without market closure due to severe weather, the Hang Seng Index opened 197 points lower at 19,649 points and closed down 387 points or 1.96% at 19,435 points. The China Enterprises Index fell 158 points or 2.2% to 6,973 points, and the Hang Seng Tech Index dropped 137 points or 3.1% to 4,318 points. The total market turnover for the day was HKD 173.2 billion. Tencent (700) announced better-than-expected earnings after the market closed yesterday, but its stock price fell 0.1% to HKD 403. WuXi AppTec (2359) dropped 8.1%, making it the worst-performing blue-chip stock, followed by Zhongsheng Holdings (881), which fell 7.38%.

Source: KGI Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.

Subscribe to KGI Market Insights Reports
Outperform market and make the best investment decisions