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HKEX Market Update 2024-06-12

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HSI fell -1.3% (-238 pts), closed at 17938 points, fell 3 days in a row, a 27-day low.

Among the 150 largest-cap stocks, 47 (31%) closed higher. 37% of all HKEX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.2% to +1.8%. 6 sectors outperformed the market. The market was down -1%; Energy was up +1.8%, the best performer; Consumer Cyclical was down -2.2%, the worst performer.

● WUXI APPTEC (2359) largely rebounded +8.4% (+$2.8) after a 4-day losing streak, closed at $35.95, the best % gain in more than 1 month. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=2359.HK

● NIO (9866) tumbled -8.5% (-$3.2), closed at $34.35, fell 4 days in a row, the worst % loss in nearly 2 months, also a 30-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=9866.HK

● CHINA RES LAND (1109) plunged -7.5% (-$2.15), closed at $26.7, the worst % loss in more than 4 months, also a 30-day low, crossed below MA50 ($27.85).
360miq.com/stockinfo?code=1109.HK

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

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