Market Roundup

The HSI opened 1 point higher and then extended its gains, closing up 219 points or 0.9% at 25,854; the HSCEI rose 99 points or 1.1% to 8,991; and the HSTECH gained 95 points or 1.7% to 5,578. Total market turnover was HK$199.8bn. Market anticipation of the Kunlun chip concept under Baidu boosted Baidu (9888) shares by 8.9%. Robotics concept stocks generally rose, with Johnson Electric (0179) up 4.7% and Lens Technology (6613) up 5.1%. DOBOT (2432) proposed its IPO on the Shenzhen Stock Exchange, and its share price rose 13.5%. UBTECH (9880), a peer company, announced that its chairman would not reduce his shareholding within one year, and its share price rose 8.3%.

Source: KGI Investment Products and Solutions Department

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