Market Roundup

Half Day Roundup

Hong Kong stock market rose today, with the HSI rising 272 points after opening 63 points higher. It closed at 16,562 at mid-day, up 209 points or 1.28%; the HSCEI rose 81 points or 1.4% to 5,738; the HSTECH rose 86 points or 2.55% to 3,472. The total half-day turnover of the market was HK$52.04bn. Tencent (0700) and NetEase (9999) participated in the 2024 Game Developers Conference, and their stock prices rose 2.6% and 0.8% respectively. JD.com continued to perform well today, rising 5.7% in half a day. Longfor (0960) have announced a full-year core profit drop of 45% to 50%, and its stock price fell 1.2% at mid-day.

Source: KGI Asia Investment Strategy

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