Market Insight

Market Roundup

The Hang Seng Index opened 16 points lower at 16,312 points, it rose 135 points or 0.8% to 16,463 points. The H-Share Index rose 54 points or 0.9% to 5,664 points. The Hang Seng Technology Index rose 65 points or 1.7% to 3,747 points, the market’s turnover was HK$ 98.8 bn. In terms of individual stock trends, Swire A (19)'s stock price rose 17% today, driven by the news of individual share repurchases. On the other hand, Lenovo (992)'s stock price plummeted yesterday due to the news that the company's top executives were reducing their holdings. Today, the stock price rebounded 10% due to positive outlook from major banks.

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.