Market Insight

Half Day Roundup

Hong Kong stock market fluctuated today. HSI fell 155 points in morning and once reached a low of 21,422. Later, it rose 114 points and reached a high of 21,691. It then resumed its downward trend, falling 28 points or 0.1% in mid-day to 21,549. HSCEI fell 10 points or 0.1% to 7,303. HSTECH fell 7 points or 0.2% to 4,492. The market's mid-day turnover totaled 72.6bn. The mainland has approved 88 game licenses this month, and mobile game-related stocks performed well today. Share prices of Tencent (0700) and NetEase (9999) rose 1.1% and 4.3% respectively. Chinese consumption stocks generally fell. Want Want China (0151) and Budweiser (1876) both fell more than 2%.

Source: KGI Asia Investment Strategy

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