Market Roundup

The Hang Seng Index opened 35 points higher at 19,585 points, briefly turned down by 163 points, and closed the day at 19,746 points, up 196 points or 1%. The Hang Seng Tech Index rose 12 points to 4,418 points. The China Enterprises Index increased by 63 points or 0.9% to 7,072 points. The total market turnover for the day was HKD 126.7 billion. The WuXi series performed well, with WuXi Biologics (2269) and WuXi AppTec (2359) rising by 7.8% and 6.3% respectively. Hong Kong Broadband Network (1310) saw a 5.5% increase in its stock price after China Mobile and private equity firm I Squared expressed interest in a full acquisition.

Source: KGI Investment Strategy

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