Market Roundup

Hong Kong stock market fluctuated today. The HSI opened 30 points higher and then fell 159 points. It then rose again and closed near the high of the day. The HSI rose 111 points, or 0.5%, to close at 22,119; the HSCEI rose 8 points, or 0.1%, to close at 8,076; and the HSTECH rose 67 points, or 1.3%, to close at 5,087. The total market turnover for the day was HK$201.6bn. AIA (1299)'s first quarter new business value increased by 13% yoy both at real and constant exchange rates. Its share price rose 6.5% today.  SOE banks generally fell after announcing their first quarter results, with the six major state-owned banks falling between 0.1% and 2.9%.

Source: KGI Investment Strategy Department

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