Market Roundup

Hong Kong stock market faced profit-taking pressure today. The HSI opened 110 points lower and then extended its decline, falling 486 points or 2% at mid-day to 23,733. The HSCEI fell 182 points or 2% to 8,767. The HSTECH fell 171 points or 2.9% to 5,664. The total market turnover was HK$175.7bn today. CKH (0001)'s basic profit fell 10.6% last year, with a final dividend of HK$1.514 and share price drop of 3.8%. Henderson Land Development (0012)'s underlying profit rose slightly by 0.7% yoy last year, with a final dividend of HK$1.3 and a share price drop of 2.2%. Nike's profit fell 32% last quarter due to poor sales in the Chinese market. Topsports (6110) fell 5.1% at mid-day.

Source: KGI Investment Strategy

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