Market Roundup

Hong Kong stock market opened higher following gains in overseas markets. The HSI opened 154 points higher and fluctuated today, closing up 175 points or 0.7% at 26,765. The HSCEI rose 26 points or 0.3% to close at 9,034, while the HSTECH fell 10 points or 0.2% to close at 5,260. Total market turnover was HK$236.8bn. In the financial sector, HSBC (0005) raised its adjusted average ROTE for this year and next to 17% or higher, and its share price rose 5.5%. Link REIT (0823) rose 0.8% after the budget proposed to expedite the inclusion of REITs in the Stock Connect program.

Source: KGI Investment Products and Solutions Department

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