Market Insight

Market Roundup

The National Bureau of Statistics announced that industrial profits continued to grow. The Hang Seng Index opened 116 points higher at 17,160 points. The day's increase further expanded to 354 points, or 2.1%, to 17,399 points. the H-Share rose 119 points, or 2.0%, to 5,979 points. The Hang Seng Technology Index rose 93 points, or 2.5%, to 3,806 points. The total daily turnover of the market was HK$91.5 billion. China Life (2628)'s adjusted profit fell sharply, and its stock price fell 0.7% to HK$10.66. In addition, the share price of Café de Coral (341) continued to perform well and rose by 7.8%. Longyuan Power (916) announced a profit increase of 19% in the first nine months, and its stock price rose 9.5%.

Source: KGI Asia Investment Strategy

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