Market Insight

Half Day Roundup

Investors eased their worries about the banking industry, and US stocks rose. The Hang Seng Index opened 25 points higher at 20,217 points. The index quickly softened and fell 138 points or 0.7% in half a day to 20,054 points; the China Enterprises Index fell 65 points or 0.9% to 6,814 points; the Hang Seng Technology Index fell 48 points or 1.1%, to 4,199 points. The market's half-day turnover was HK$66.7 bn. AliHealth (241) shares fell 9.4% to HK$5.72 today after being speculated on the news yesterday. The profit of Chinasoft International (354) plunged 33.2%, and the stock price fell 13.4% to HK$5.11.

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.