Market Insight

Market Roundup

The Hang Seng Index opened slightly lower by 13 points, opening at 16,490 points, and rose 240 points, or 1.5%, to 16,743 point; the Hang Seng Technology Index closed at 3,410 points, up 59 points, or 1.8%. The H-Share Index closed at 5,758 points, up 116 points or 2.1%. The market turnover was HK$100.1 billion. Ctrip (9961) announced that its 2023 earnings per share beat expectations, and its stock price rose 7.3% today to HK$348. In addition, oil stocks performed well today, with the share prices of CNOOC (883), PetroChina (857) and Sinopec (386) rose by 5.9%, 5.7% and 3.4% respectively.

Source: KGI Asia Investment Strategy

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