Cross-border market outperformed pure A-share market last week. CES Cross Border index series, including CES 120, CES 300 & CES 280, covering Shanghai, Shenzhen & Hong Kong-listed stocks, increased from 1.3% to 1.4%.
Mainland property developer rose sharply, Evergrande & Country Garden, constituents of CES China Private Elite Index (CES CPE), up with double-digit percentage gain. CES CPE, capturing performance of private-owned enterprises, jumped 4.3%.
Nomura & Deutsch Bank shows bullish view on Macau gaming sector, as typhoon damage fade-out and expecting benefit from Golden Week holidays. CES Gaming Top 10 Index (CES G10), benchmark of gaming industry performance, rose 2.5%.
