Market Roundup

Market Roundup

Hong Kong stock market fluctuated upward today. The HSI rose 306 points in the morning and then narrowed to a rise of only 60 points to 16,012. The HSI rose 125 points or 0.8% to close at 16,077; the HSCEI rose 48 points or 0.9% to close at 5,408; the HSTECH rose 17 points or 0.5%, closing at 3,203. The total daily turnover of the market was HK$100.12bn. Chinese concept stocks listed in Hong Kong continued to rise today, with China Tower (0788) rising 8.5%. Guangdong Investment (0270) issued a profit warning, mainly reduced by the impairment of property assets, the company's full-year profit dropped by approximately 35%, and its stock price fell by 10.2%.

Source: KGI Asia Investment Strategy

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