Market Insight
Half Day Roundup
Hong Kong stock market continued to perform well today. The HSI opened 114 points higher and then expanded its gains. It rose 282 points or 1.7% at mid-day to 16,870; the HSCEI rose 117 points or 2% to 5,866; the HSTECH rose 104 points or 3%, reported 3,586. The total half-day turnover of the market was HK$63.11bn. Xiaomi (01810) will release the SU7 car on the 28th of March, and its stock price rose 9.6%. Other electric vehicle stocks generally rose, with gains ranging from 2.2% to 6.0%. CIMC Vehicles (1839) plans to acquire H shares for HK$7.5 and delist, and the stock price rose 1.8%.
Source: KGI Asia Investment Strategy
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