Market Roundup

2024.05.13 17:00

Market Roundup

Hong Kong stock market fell first and then recovered today. The HSI opened 59 points lower and then rose 134 points to exceed 19,000. The HSI rose 151 points, or 0.8%, to close at 19,115 today; the HSCEI rose 42 points, or 0.6%, to close at 6,761; the HSTECH rose 56 points, or 1.4%, to close at 4,018. The total daily turnover of the market was HK$147.24bn. Chinese technology stocks generally rose, with Alibaba (9988) and Tencent (0700) rising 4.1% and 1.9% respectively. Ping An of China (2318) reduced its holdings in HSBC (0005). HSBC still rose 0.1% with the market today.

Source: KGI Asia 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.

Subscribe to KGI Market Insights Reports
Outperform market and make the best investment decisions