Market Insight

Market Roundup

Hong Kong market continued to lack direction today. HSI fell 390 points in morning and fell as low as 20,799, and then gradually regained the lost. HSI closed at 21,164, down 26 points or 0.1%. HSTECH closed at 4,374, up 12 points or 0.3%. HSCEI rose 18 points, or 0.3%, to 7,144. Market turnover was HK$112.1bn. Link REIT (082) proposed a discount of nearly 30% for the "five-for-one" plan to raise about HK$18.8bn. The stock price fell 12.8% today. Wharf Real Estate (1997 announced a negative profit warning, the total revaluation loss more than doubled in the 1H22, and the stock price fell 2.9% when market closed.

Source: KGI Asia Investment Strategy

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