Market Roundup

Half Day Roundup

The Hang Seng Index opened slightly lower by 13 points, opening at 16,490 points. At noon, it rose 25 points, or 0.1%, to 16,528 points; the H-Share Index rose 30 points, or 0.5%, to 5,672 points; the Hang Seng Technology Index fell 9 points, or 0.3%, to 3,342 points. The total half-day turnover of the market was HK$48.6 billion. Ctrip (9961) announced that its 2023 earnings per share exceeded expectations. Its stock price rose 5% today to HK$348, making it the best-performing blue chips stock. In addition, oil stocks performed well today, with the share prices of CNOOC (883), PetroChina (857) and Sinopec (386) rising by 3.8%, 3.5% and 2.8% respectively.

Source: KGI Asia Investment Strategy

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