Market Roundup

Hong Kong stock market rose on the first trading day of the second half of the year. The HSI opened 232 points higher, and the gains narrowed after rising 300 points at once. The full-day increase was 149 points or 0.6%, closing at 24,221; the HSCEI rose 46 points or 0.5% to 8,724; the HSTECH fell 33 points or 0.6% to 5,269. The total market turnover for the day was HK$240.2bn. Macau's gaming revenue in June increased by 19% yoy, beating consensus, and the second highest gaming revenue after the epidemic. The share prices of Macau gaming stocks Melco International (0200), Sands China (1928) and Galaxy Entertainment (0027) rose by 5.1% to 13.4%. New World (0017) reached a bank financing agreement of HK$88.2bn, and its share price rose by 9.8%.

Source: KGI Investment Products and Solutions Department

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