Market Roundup

The Hang Seng Index fluctuated today. It opened 59 points lower at 19,646 points, briefly turned positive, but ended the day down 104 points or 0.53% at 19,601 points. The China Enterprises Index fell 56 points or 0.8% to 7,034 points, and the Hang Seng Tech Index dropped 55 points or 1.24% to 4,358 points. The total market turnover for the day was HKD 119.3 billion. In terms of individual stocks, Kuaishou (1024) announced its earnings, with adjusted net profit rising by 24%, but showing signs of slowing down, leading to an 11.7% drop in its stock price. Additionally, Laekna (2105), which surged 48% yesterday, announced a share placement today, causing its stock price to fall by 15.4%.

Source: KGI Investment Strategy

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