Market Roundup

Half Day Roundup

U.S. stocks performed well last night. The Hang Seng Index opened 93 points higher in the morning, at 17,662 points, but fell 63 points or 0.4% to 17,506 points in the first half of the day; the HSCEI Index fell 33 points or 0.5% to 6,193 points; the Hang Seng Technology Index fell 14 points, or 0.4%, to 3,503 points. The total half-day turnover of the market was HK$40.3 billion. The target price of CHINA RES BEER (291) was lowered, and the stock price fell 6.4%. Coal stocks generally fell today, with Yancoal Australia (3668), Yankuang Energy (1171) and Shenhua (1088) fell 15.2%, 8.5% and 2.5% respectively. As the Israeli-Palestinian war shows cooling signal and oil prices fell, the share prices of PetroChina (857) and CNOOC (883) fell by 3.5% and 2.4%.

Source: KGI Investment Strategy

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