Market Roundup

Market Roundup

Hong Kong stocks opened slightly lower on the first trading day of December. The Hang Seng Index opened 24 points lower at 17,019 points and fell 117 points or 0.7% in half a day to 16,926 points; the H-Share Enterprise Index rose 59 points or 1% to 5,798 points; the Hang Seng Technology Index fell 62 points or 1.6% to 3,838 points. The market turnover was HK$ 46 bn. Education stocks continued to perform well, with Scholar Education (1769) and Virscend Education (1565) rose 18.2% and 13.6% respectively. Consumer stocks were generally under pressure today, with JiuMaojiu (9922), which was removed from the MSCI China index, fell 7.2%.

Source: KGI Asia Investment Strategy

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