Global market sentiment was relieving after last week crunch. CBOE Volatility Index (VIX) stepped back to around 19. CES CPE, aiming to capture HK or US listed private enterprise, rebounded 8.8%.
Due to the Chinese Lunar New Year holiday, Stock Connect trading was closed from 13-Feb to 21-Feb. CES SCHK100 & SCHK50, both choosing stock connect qualified stocks as constituents, rose at a slower pace (+5.2% & +5.6% respectively) than CES HKMI (+6.9%), still compensated by a mid-single digit weekly return.
Credit Suisse maintained bullish view on Macau gaming sector, which growth is expected to be driven by mass-market segment. CES G10, tracking the gaming sector performance, up 7.4%.
