Market Insight

Half Day Roundup

The Hang Seng Index opened slightly lower by 3 points in the early stage, opening at 18,606 points. Afterwards, the index remain volatile, falling by nearly 105 points at most, and found support at 18,500. It rose 56 points or 0.3% in the half-day to 18,665 points; the HSCEI Index rose 20 points or 0.3% to 6,625 points; the Hang Seng Technology Index rose 3 points or 0.08% to 3,802 points. The total half-day turnover of the market was HK$68.141 billion. Major financial Institution stated that AI PC will have a significant increase in market share in the future. Lenovo (992) stock price reached a new high, rising 7.6% to HK$11.9. In terms of consumer stocks, Tingyi (322) and TopSports (6110) rose more than 3%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.