Market Insight

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

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.