Market Roundup

Mainland China will adopt a loose monetary policy next year. The Hang Seng Index opened 656 points higher at 21,070 points, but the half-day gain narrowed to 204 points or 1%, closing at 20,618 points. The China Enterprises Index rose 63 points or 0.86% to 7,424 points, and the Hang Seng Tech Index increased by 36 points or 0.8% to 4,693 points. The total half-day market turnover was HKD 154.9 billion. The stock price of Hong Kong Exchanges and Clearing Limited (388) rose by 1.3% to HKD 315.6. The stock price of Maogeping (1318), which was listed for the first time, surged by 78% to HKD 53.1.

Source: KGI Investment Strategy

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