Market Insight

Market Roundup

The Hang Seng Index opened 23 points higher. After opening at 18,574 points, it turned down 181 points or 1% to 18,370 points; the H-Share Index fell 62 points or 1% to 6,189 points; the Hang Seng Technology Index fell 26 points or 0.7% to 3,622 point. The half day market turnover was HK$ 49.2 bn. According to news that GF Securities (1776) intends to acquire 20% of Value Partners Group (806) shares, Value Partners (806)'s stock price rose nearly 20% at the highest and then fell back to rose 2.3% to HK$2.27. Chinese property stocks were under pressure today, Longfor (960) and Country Garden (2007) fell 4.6% and 3.4% respectively.

Source: KGI Asia Investment Strategy

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