Market Roundup

Half Day Roundup

After US stock market rose last Friday, Hong Kong market rose this morning. The HSI opened 86 points higher and then expanded its gains. It once rose 380 points to above 18,000 points. It rose 226 points or 1.3% at mid-day to 17,878. The HSCEI rose 56 points, or 0.9%, to 6,326; the HSTECH rose 30 points, or 0.8%, to 3,748. The total mid-day turnover of the market was HK$96.8bn. AIA (1299)'s new business value in 1Q24 which hit a quarterly high, and the share repurchase plan increased by US$2bn, the stock price rose 7.9%. Bank of Communications (3328) first-quarter net profit rose 1.4%, share price rose 3.3%.

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.