Market Insight

Half Day Roundup

The Hang Seng Index opened slightly lower this morning by 8 points, opening at 18,306 points.  It rose 224 points or 1.2% in half a day to 18,538 points; the HSCEI Index rose 105 points or 1.6% to 6,561 points; the Hang Seng Technology Index it rose 74 points, or 1.9%, to 3,946 points. The total half-day turnover of the market was HK$69.41 billion. As for Chinese property stocks, another area lifted housing purchase restrictions, Longfor (960) rebounding 5.7%. In addition, consumer stocks also outperformed today, with Lenovo (992) stock price rising 6.3%, Xiabuxiabu (520), Xtep (1368) and Miniso (9896) rose more than 5%.

Source: KGI Asia Investment Strategy

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