Hang Seng Tech Index closed lower for two days in a row, today at -0.65% lower. It was positive during the start of the day before it started to sell down about 1 hour into its opening and ended lower after lunch hour.
Top gainers for today are Leveno and Fit Hon Teng which both are up more than 4% today. Tencent also staged a recovery today, reversing its downtrend with a close of +2.291%. It was at a high of 526 early today before it started to retract back to a low of 510 and eventually closing slightly higher at 513.50. Take note that Tencent will be reporting its earnings on 12 August and will see if good news can push its price higher.
Top losers for today are Koolearn where it fell -7.343%. Overall there are more losers than winners in the HSTI composite and it did not show too much weakness considering Tencent and Alibaba's gain squared off Meituan and Xiaomi's losses.
Courtesy of AAStocks
Courtesy of AAStocks
Courtesy of AAStocks
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