Market Roundup

The Loan Prime Rate (LPR) remains unchanged. The Hang Seng Index opened 55 points lower but then fluctuated upwards, once rising 123 points to a high of 19,875 points. By midday, it had risen 21 points or 0.1% to 19,774 points. The China Enterprises Index rose 16 points or 0.23% to 7,168 points. The Hang Seng Tech Index rose 28 points or 0.65% to 4,468 points. The total market turnover for the half-day was HKD 84.443 billion. Last month, the total electricity consumption in mainland China increased by 2.8% year-on-year, slowing down from October's growth. Coal stocks Shenhua (1088) and China Coal (1898) fell by 3.6% and 5%, respectively.

Source: KGI Investment Strategy

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