Market Roundup

The Hong Kong stock market performed well today, buoyed by the overnight gains in the US stock market. The Hang Seng Index closed up 136 points or 0.57% at 24,028 points; the China Enterprises Index rose 70 points or 0.83% to 8,668 points; meanwhile, the Hang Seng Tech Index fell for the second consecutive day, closing at 5,216 points, down 0.29% or 15 points. The total market turnover for the day was HKD 246.7 billion. Boyaa (434) surged 16.6%, following the rise in Bitcoin and cryptocurrency-related stocks. Apple concept stocks saw Sunny Optical Technology (2382) gain 6.1%. In contrast, the local property sector saw Wharf Real Estate Investment Company (1997) drop 3.4%.

Source: KGI Investment Products and Solutions Department

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