Market Insight

Market Roundup

On the first trading day of 2024, the Hang Seng Index opened 88 points higher at 17,135 points, then fell 258 points or 1.5% to 16,788 points throughout the day; the H-Share Index fell 96 points or 1.6% to 5,672 points; the Hang Seng Technology Index fell 49 points or 1.3%, at 3,714 points. The market's total daily turnover was HK$76.6 billion. Game-related stocks continued to rebound, with NetEase (9999) and Tencent (700) rising 3.9% and 1% respectively. In addition, Macau gaming stocks also bucked the market trend and performed well, with Sands (1928) and Galaxy Entertainment (27) rising 3.9% and 1.6% respectively.

Source: KGI Asia Investment Strategy

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