Market Roundup

Market Roundup

Hong Kong stocks rose today, driven by stocks with good performance. The HSI opened 139 points higher and once rose 255 points. However, the decline in Japanese market in the afternoon dragged down the performance of Hong Kong stock market. It rose 139 points or 0.8% to close at 17,569; the HSCEI rose 63 points or 1%, closing at 6,225; the HSTECH rose 58 points, or 1.7%, to close at 3,517. The total daily market turnover was HK$94.42bn. Several companies announced their results. China State Construction (3311)'s half-year net profit rose 13%, and its stock price rose 3.2%. China Resource Beer (0291)'s half-year net profit rose 1% and its interim dividend increased to RMB 0.373. Its stock price rose 0.4%.

Source: KGI Investment Strategy

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