Market Roundup

The Hang Seng Index closed at 26,840 points, up 11 points, or 0.04%, at mid-day trading. The China Enterprises Index rose 49 points to 9,573, and the Hang Seng Tech Index rose 41 points, or 0.6%, to 6,555. Market turnover reached HK$207.3 billion during the mid-day trading session. HSBC Holdings (0005) announced the privatization of Hang Seng Bank at HK$155 per share, triggering a sharp rise in Hang Seng Bank (0011), which surged 26.3% to HK$150.3. HSBC Holdings, however, fell 6.24% due to the substantial acquisition expenditure.

Source: KGI Investment Products and Solutions Department

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