Market Roundup

Half Day Roundup

The Hang Seng Index opened slightly higher by 10 points, at 16,645 points, but fell by 61 points, or 0.4%, at 16,574 points in the first half of the market; the H-Share Index rose by 4 points, or 0.1%, at 5,727 points; the Hang Seng Technology Index rose by 34 points, or 1%, reported 3,427 points. The total half-day turnover of the market was HK$48.7 billion. Ideal (2015) turned a positive profit last year and set its full-year car shipments this year at 800,000 units. Today its stock price rose 21% to HK$169.3. In addition, it was reported that Samsonite (1910) received acquisition interest from potential buyers, and its stock price rose 14% to HK$26.5.

Source: KGI Asia Investment Strategy

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