Market Roundup

Market Roundup

Benefiting from the China financial and real estate stimulus policies, Hong Kong stock market continued their upward trend and high trading volume today. The HSI opened 543 points higher and the increase have once narrowed to 157 points. Then, the increase expanded again, rising 501 points or 2.4% today to close at 21,133; the HSCEI rose 209 points or 2.9% to close at 7,509; the HSTECH It rose 298 points or 6.7% to close at 4,751. The market's daily turnover reached HK$505.84bn, a record high. Another first-tier city in China adjusted its real estate policy. Mainland real estate stocks Sunac (1918) and R&F (2777) rose 55.0% and 34.5% respectively. Brokerage stocks generally rose, with gains ranging from 17% to 21%.

Source: KGI 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.