Market Insight

Market Roundup

Hong Kong stock market was repeatedly weak on the futures settlement day. HSI opened 189 points lower, then rose 76 points to reach a peak of 20,086, and then fell again. It fell 66 points or 0.3% to close at 19,943 today; HSTECH fell 20 points or 0.5% to close at 3,989. HSCEI fell 33 points to close at 6,670. The market's full-day turnover totaled HK$112.4bn. It was rumored that BYD (1211) dealers in some regions had promotional activities. Market worried that BYD's profitability would be suffered. BYD's share price fell 3.4% today. Catering stock Haidilao (6862) predicts that last year's profit will not be less than RMb1.3bn, the stock price rose 13.7% today.

Source: KGI Asia Investment Strategy

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