Market Roundup

The Hang Seng Index opened 152 points higher, reaching 25,766 points a near four-year high before moving downward, falling as much as 60 points to 25,553 points. By midday, it had dropped 15 points or 0.1%, standing at 25,597 points. The China Enterprises Index rose 16 points or 0.2%, closing at 9,166 points. The Hang Seng Tech Index fell 25 points or 0.4%, to 5,605 points. The total market turnover by midday was HKD 162.803 billion. Tencent (700) reported better-than-expected results, with its share price once rising to HKD 600, and it was up 1.4% at HKD 594 by midday. Mobile-related stocks BYD Electronics (285) and Cowell (1415) pulled back by 4.4% and 5% respectively.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.