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HKEX Market Update 2024-02-09

360MiQ 0

HSI fell -0.8% (-131 pts), closed at 15747 points, fell 3 days in a row, rose 1.4% (+213 pts) for the week, is testing MA20 (15708 pts).

Among the 150 largest-cap stocks, 19 (13%) closed higher, but all with a lower volume. 39% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.4% to -1.7%. 4 sectors outperformed the market. The market was down -0.9%; Consumer Defensive was down -0.4%, but already the best performer; Real Estate, Healthcare were down -1.7%, the worst performers.

● NEW ORIENTAL (9901) soared 5.9% (+$3.75), closed at $67.85, hit a YTD high, rose 11.8% (+$7.15) for the week. The best performer today with a significant decrease in volume.
360miq.com/stockinfo?code=9901.HK

● OOIL (0316) sank -8.5% (-$9.8), closed at $105.5, fell 3 days in a row, the worst % loss in more than 5 months, also hit a YTD low, fell -6.6% (-$7.4) for the week, fell 2 weeks in a row, crossed below MA50 and MA250 ($108.27, $105.62). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=0316.HK

360miq.com/market?data=HKEX#tab-3

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