Market Insight

Market Roundup

Hong Kong stocks were mixed today. The HSI fell 151 points in the morning and fell 67 points before lunch to 16,122. The index fluctuated in the afternoon, falling 92 points or 0.6% today to close at 16,097; the HSCEI fell 28 points or 0.5% to close at 5,421; the HSTECH fell 26 points or 0.8% to close at 3,428. The total daily turnover of the market was HK$74.51bn. Sunny (2382)'s mobile phone lens shipments rose 47.7% yoy last month, but its stock price fell 0.7% today. Haidilao (6862) received favorable rating from banks, said gross profit growth was satisfactory, and its stock price rose 8.4%.

Source: KGI Asia Investment Strategy

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