Market Roundup

Hong Kong stock market fell back in the afternoon after the market waited to see the inflation data released by the U.S. The HSI opened 93 points higher and then rose 170 points, then fell 69 points. The index turned lower in the afternoon, falling 156 points or 0.8% to close at 20,155 today; the HSCEI fell 56 points or 0.8% to close at 7,249; the HSTECH fell 60 points, or 1.3% to close at 4,531. The market daily turnover recorded to HK$141.62bn. China catering stocks generally rose, with Yihai Intl (1579), Xiabu Xiabu (0520) and Jiumaojiu (9922) rising between 1.8% and 3.3%. Fosun Tourism Culture (1992) plans to privatize at a price of HK$7.8 per share, with the stock trading 80.3% today.

Source: KGI Investment Strategy

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