Market Insight

Market Roundup

On the last trading day of November, the Hang Seng Index opened 8 points lower at 16,985 points, and rose 49 points, or 0.3%, to 17,043 points at market close. The H-Share Index rose 39 points, or 0.7%, to 5,857 points. The Hang Seng Technology Index fell 11 points or 0.3% to 3,899 point. The market turnover was HK$ 139.1 bn. Domestic consumption stocks performed well today, with TINGYI (322) and Nongfu Spring (9633) rising 2.9% and 1.9% respectively. As for technology stocks, Tencent (700) closed rose 3.1%. In addition, Bilibili (9626) announced its results yesterday, its management lowered its full-year guidance, and its stock price fell nearly 11%.

Source: KGI Asia Investment Strategy

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