CESC Monthly Index Report, April 2017

Highlights

• Mainland funds continued to flow into Hong Kong stocks, with CES SCHK100, which tracks Hong Kong blue chips up 2.6 per cent. Mainland A-share prices fluctuated sharply, with CES A80 down 0.1 per cent. Strong performance in Hong Kong stocks pushed CES 300 up 1.1 per cent.
• Mainland export growth hit a two-year high in March, with the biggest contribution from Mainland private enterprises. CES P ELITE rose 5.3 per cent.
• Macau’s gaming revenue increased year-on-year for the ninth consecutive month. CES G10 surged 6.7 per cent.
• France’s CAC40 rose 2.8 per cent as the likelihood of the country’s leaving the EU diminished. Korean stocks hit a new high since the beginning of the year, with KOSPI up 2.1 per cent. Greater challenges in the Brexit negotiation drove FTSE 100 down 1.6 per cent.The exchange rate of Renminbi stabilised. Restrictions on capital outflow were partially relaxed.
• The ADT of A-share index futures traded in Singapore fell 10 per cent year-on-year.

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