Market Roundup

Market Roundup

Hong Kong stock market rose in the morning. The HSI opened 67 points higher and expanded to 134 points. However, the rise fell back in the afternoon, rising 82 points or 0.4% to close at 19,636. The HSCEI rose 30 points or 0.4% to close at 6,964; the HSTECH rose 22 points, or 0.6%, to close at 4,135. The total daily turnover of the market was HK$156.5bn. The central government announced a series of policies to stimulate real estate last week, and most domestic real estate stocks took profits. Private companies such as Sunac (1918) or Agile (3383) fell between 3.8% and 11.7% today. During the quarterly review of the HSI, the Index will include BYD Electronics (0285) and exclude CGS (6098). Those stock prices rose 1.6% and fell 1.9% respectively.

Source: KGI Asia Investment Strategy

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