Market Insight

Market Roundup

The Hang Seng Index opened flat this morning, opening at 16,253 points, and then rose 134 points throughout the day to close at 16,386 points; the HSCEI Index rose 54 points, or 0.9%, to 5,804; the Hang Seng Technology Index rose 16 points, or 0.5%, to 3,357 points. The total daily turnover of the market was HK$95.3 billion. China National Building Materials (3323) issued a profit warning, and its share price fell 8.3% to HK$2.77. Insurance stocks performed well today, with Ping An Insurance (2318) and China Life (2628) rising 4.1% and 2.6% respectively. Anta (2020) announced that its first-quarter retail sales performance was as expected, and its stock price rose 4.1%.

Source: KGI Asia Investment Strategy

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