Market Roundup

The Hang Seng Index rose slightly by 4 points, or 0.02%, to 25,836; the Hang Seng China Enterprises Index fell 7 points, or 0.08%, to 9,143; and the Hang Seng Tech Index fell 0.58% to 5,574. Total market turnover was HK$245.1 billion. Techtronic Industries (0669) rose 5.36% to HK$88.5, leading the blue chips, after brokers maintained their buy ratings and conducted share buybacks. Link REIT (0823) announced a 5.9% year-on-year decrease in interim distribution per unit, falling 6.42% to HK$38.8, below market expectations. Kingsoft (3888) announced a 48% year-on-year plunge in third-quarter profit to RMB 213 million, with revenue also down 17%. Following the results, its stock price plummeted 7.03% to HK$28.56, a one-year low.

Source: KGI Investment Products and Solutions Department

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