Hang Seng Tech Index closing 1.92% higher

Courtesy of AAStocks

Hang Seng Tech index since its debut has been rising steadily throughout but as mentioned in my previous post, it has been the smaller constituent companies that are pushing the index up. 

Looking at the top 5 again, we see MAOYAN and BYD taking the charge:

Courtesy of AAStocks

While the larger constituent stocks in the Hang Seng Tech Index (Alibaba, Tencent, Xiaomi) were flat or slightly positive with the exception of Meituan that moved up by 4.53%. There seem to be some rotation in play with the 30 companies that form the Hang Seng Tech Index but this is the main index that is positive as compared to HSI and HSCEI which were both down by -0.56% and -0.07% respectively. HSCEI has been defending the 10,000 mark and if it succeed, it will likely pose a good upmove in the short run. 

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!