Market Insight

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

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