Market Roundup

Half Day Roundup

Hong Kong stock market fell repeatedly after rising for several days. After opening 31 points higher, the HSI rose 127 points and fell 69 points or 0.4% at mid-day to 18,410; the HSCEI fell 27 points or 0.4% to 6,499; the HSTECH fell 24 points or 0.6% to 3,897. The total mid-day turnover of the market was HK$67.19bn. Sales of the top 100 mainland real estate companies in April fell 13% MoM. Mainland real estate stocks generally fell, with Longfor (0960), Sino-Ocean (3377) and Agile (3383) falling more than 8%. Budweiser Asia Pacific (1876)'s 1Q24 net profit fell more than 3%, and its stock price fell 4.4%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.