Market Insight

Half Day Roundup

The Hang Seng Index opened 107 points lower, opening at 16,429 points, and closed at 16,561 points in half a day, up 25 points or 0.15%; the China National Index rose 1 point or 0.02% to 5,690 points; the Hang Seng Technology Index was unchanged at 3,426 points. The total half-day turnover of the market was HK$47.2 billion. Xinyi Solar (968) increased its final dividend by 50% year-on-year and management indicated that demand is gradually returning to a reasonable level. The stock price rose 22.2% to HK$4.68. Although Baidu (9888)'s performance exceeded expectations, but its management did not give clear guidance on the future outlook for AI revenue contribution, its stock price fell 7.1% to HK$99.05.

Source: KGI Asia Investment Strategy

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