Market Insight

Market Roundup

The Hang Seng Index opened 84 points lower in the early session to 20,339 point, and fell 72 points or 0.35% to 20,351 point at market close; the H-Share Index rose 27 points or 0.4% to 6,860 point; 4,149 points. Market turnover was HK$ 102.6 bn. Baidu (9888) announced better-than-expected results and share repurchases, but its share price followed the index and fell 0.5% to HK$139.8. IMAX (1970) announced that it lost 72% of its annual profit, and its share price rose by 0.6% to HK$9.04. In addition, Lenovo (992) rose 5.5% to HK$7.26, as the best blue chip stock performance of the day.

Source: KGI Asia Investment Strategy

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