Market Insight

Half Day Roundup

On the first trading day of 2024, the Hang Seng Index opened 88 points higher at 17,135 points, then fell 246 points, or 1.45%, to 16,800 points in half a day; the H-Share Index fell 92 points, or 1.6%, to 5,676 points; the Hang Seng Technology Index fell 46 points or 1.2%, at 3,718 points. The half-day turnover of the market was HK42.9 billion. Game-related stocks continued to rebound, with NetEase (9999) and Tencent (700) rising 5% and 1.2% respectively. In addition, Macau gaming stocks also outperformed the market, with Sands (1928) and Galaxy Entertainment (27) rising 3.7% and 1.2% respectively.

Source: KGI Asia Investment Strategy

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