Market Insight

Half Day Roundup

Hong Kong stock market was mixed today, with the HSI falling 151 points at the beginning and then rising 57 points to 16,247. However, it fell 67 points or 0.4% at mid-day to 16,122; the HSCEI fell 16 points or 0.3% to 5,433; the HSTECH fell 14 points or 0.4% to 3,439. The total half-day turnover of the market was HK$38.3bn. Sunny (2382)'s mobile phone lens shipments last month rose 47.7% yoy, and its stock price rose 0.4% at mid-day. Haidilao (6862) received favorable rating from banks, said gross profit growth was satisfactory, and its stock price rose 6.5%.

Source: KGI Asia Investment Strategy

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