Market Roundup

The U.S. December PPI was lower than market consensus, and Hong Kong stock market rose today. The HSI opened 69 points lower and then turned around to rise, closing at 19,286, up 66 points or 0.3% for today; the HSCEI rose 24 points or 0.3% to 7,011; the HSTECH rose 11 points or 0.3% to 4,363. The total market turnover was HK$128.53bn. Q Tech (1478) issued a profit warning, forecasting full-year profit growth of 200% to 280%. Its share price rose 4.7% today. Auto stock Changan Automobile (2333) is expected to achieve a net profit growth of up to 85% yoy last year. Its share price fell 3.0%.

Source: KGI Investment Strategy

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