Market Insight

Market Roundup

The Hang Seng Index opened 15 points lower, at 16,378 points, and rose to 148 points, or 0.9%, at 16,541 point throughout the day; the H-Share Index rose 83 points, or 1.4%, to 5,811 point; the Hang Seng Technology Index rose 84 points, or 2.4%, to 3,477 point. The total daily turnover of the market was HK$117.2 billion. Today's heavyweight technology stocks performed well, with Meituan (3690), Alibaba (9988) and Tencent (700) rising by 6.2%, 2.1% and 0.6%. Today, the best performer of Hang Seng Technology constituent stock was Zhongsheng Holdings (881), which rose 10.2%.

Source: KGI Asia Investment Strategy

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