Market Insight

Half Day Roundup

The Hang Seng Index opened 84 points lower in the early session to 20,339 points, and then began to regain lost ground. It rose 111 points or 0.5% in half a day to 20,534 points; the H-Share Index rose 78 points or 1.14% to 6,911 point; the Hang Seng Technology Index rose 85 Points or 2.1%, to 4,185 point, the half-day market turnover was HK$ 57 bn. Baidu (9888) announced better-than-expected results and share repurchases, stock price rose 0.4% to HK$141. IMAX (1970) announced that it lost 72% Yoy of its annual profit, and its share price rose slightly by 0.1% to HK$9. In addition, Lenovo (992) rose 7.3% to HK$7.38, making it the best blue chip stock.

Source: KGI Asia Investment Strategy

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