Market Insight

Market Roundup

On the last trading day of July, during the weekend, several departments said that they would introduce measures to address the issues raised by the Politburo meeting. The Hang Seng Index opened 321 points higher to 20,238 points. The increase in the half-day index fell slightly to 292 point, at 20,209 points. The China Enterprises Index rose 156 points or 2.3% to 6,964 points. The Hang Seng Technology Index rose 145 points or 3.2% to 4,611 points. The half-day total turnover market was HK$ 99.5 billion. Today, Haidilao (6862) released a profit alert amid the hot market sentiment. The share price rose nearly 13% to HK$22, the best performance among blue chips. In addition, a strong market also drives high-beta stocks to perform well, such as JD.com (9618) and Meituan (3690), which rose 5.7% and 4.4%.

Source: KGI Asia Investment Strategy

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