Market Roundup

The Hong Kong stock market closed slightly weaker, with the Hang Seng Index falling 61 points or 0.24% to 25,104 points. The China Enterprises Index dropped 38 points or 0.43% to 8,974 points, while the Hang Seng Tech Index declined 42.77 points or 0.77% to 5,498.50 points. The total market turnover amounted to HKD 239.4 billion. China Resources Power (836) reported a 15.9% decline in interim profit, and its share price fell 5.9%. AAC Technologies (2018) saw a significant increase in interim profit, but its gross margin was under pressure, causing its share price to plunge 13.1%. Tencent (700) launched its new mobile game VALORANT this week, recording about HKD 7.8 million in revenue from iPhone players on the first day, and topping the free games chart on Apples Mainland China App Store. Tencent’s share price rose against the market trend.

Source: KGI Investment Products and Solutions Department

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