Market Roundup

The Hang Seng Index opened 122 points higher at 19,699 points, but the half-day gain narrowed to 64 points or 0.33%, closing at 19,641 points. The China Enterprises Index rose 16 points or 0.2% to 7,073 points, while the Hang Seng Tech Index increased by 37 points or 0.8% to 4,379 points. The total half-day market turnover was HKD 63.3 billion. Xiaomi (1810) announced better-than-expected earnings yesterday, but its stock price still fell by 3.1%. On the other hand, Trip.com (9961) saw a 48% increase in net profit last quarter, and its stock price rose by 5.6%

Source: KGI Investment Strategy

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