Market Insight

Half Day Roundup

The Hang Seng Index opened slightly lower this morning by 18 points to 21,370 point. The half-day index was weak and volatile. The half-day closed down 72 points to 21,316 point. The China Enterprises Index fell 33 points or 0.4% to 7,252 point, and the Hang Seng Technology Index fell 31 points or 0.7% to 4,539 point. Half-day market turnover was HK$72.9 bn. YTO International (6123) issued a profit warning and its stock price fell 16.7% to HK$2.29. Mobile device-related stocks performed well today, with Sunny Optical (2382) and AAC (2018) up 4.5% and 1.4% respectively. On the other hand, ATM, , fell 0.6%, 0.2% and 1.5% respectively.

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.