Index Performance Review

(7 - 14 Jul 2017)
Technology stocks, which expected to announce result in coming month, continued to be the fuel of CES China Private Elite Index (CES P Elite). Index constituents, such as Alibaba, Tencent, JD, and Baidu, climbed in range of 5.9% to 7.1% accordingly. CES P Elite, tacking performance of China’s private-owned enterprise, surge 6.0%.  
Morgan Stanley raised its target price on HK-listed mainland banks, given their Net Interest Margin (NIM) outlook improved during rate-hiking cycle. Large-cap Hong Kong listed Mainland enterprise benchmark CES China HK Mainland Index (CES HKMI) raised 5.3%.
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