Market Insight

Market Roundup

The Hang Seng Index opened 23 points higher. After opening at 18,574 points, it fell by as much as 181 points throughout the day and then rose 45 points in the afternoon to close at 18,596 points. The H-Share Index rose 33 points or 0.5% to 6,284 points. Hang Seng Technology Index turned up 55 points or 1.5% to 3,702 point. The market turnover was HK$ 94.5 bn. According to news that GF Securities (1776) intends to acquire part of Value Partners Group (806), Value Partners (806)'s stock price rose nearly 20% at the highest level and then fell back to rose 0.9% to HK$2.24. Technology stocks rebounded in the afternoon, Kuaishou (1024) rose 6.4% to HK$54.5, the best performer in the Hang Seng Technology Index.

Source: KGI Asia Investment Strategy

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