Market Insight

Market Roundup

The Hang Seng Index closed at a high level yesterday and continued its upward trend today, opening 502 points higher to 21,295 point. Although the gain narrowed, it still be able to maintain an increase of 259 points, and closed at 21,052 point. The China Enterprises Index rose 106 points or 1.5% to 7,172 point, and the Hang Seng Technology Index rose 67 points or 1.5% to 4,494 point. The market turnover was HK$174.1 bn. China and Hong Kong post-Covid theme continued to rally. Jiumaojiu (9922) and Haidilao (6862) continued to rise by 5.2% and 4.3%.

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.