Market Roundup

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

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.