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HKEX Market Update 2024-08-02

360MiQ 0

HSI largely fell -2.1% (-359 pts), closed at 16946 points, the worst % loss in more than 3 months, also a 68-day low, fell -0.4% (-75 pts) for the week, fell 3 weeks in a row.

Among the 150 largest-cap stocks, 25 (17%) closed higher. Only 28% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.6% to -3.2%. 7 sectors outperformed the market. The market was down -1.9%; Consumer Defensive, Healthcare were down -0.6%, but already the best performers, reflecting a decreasing risk appetite; Consumer Cyclical was down -3.2%, the worst performer.

● PRU (2378) largely fell -3.5% (-$2.4), closed at $66.55, the worst % loss in more than 1 month, also hit a record low, fell -3.1% (-$2.15) for the week, fell 3 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=2378.HK

● WUXI APPTEC (2359) largely rebounded +4.8% (+$1.5), closed at $33.05, a 34-day high, rose +15.4% (+$4.4) for the week. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=2359.HK

● NIO (9866) plunged -7.4% (-$2.55), closed at $31.8, the worst % loss in more than 1 month, also a 68-day low, fell -5.5% (-$1.85) for the week, fell 4 weeks in a row. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=9866.HK

● NEW ORIENTAL (9901) plunged -6.7% (-$3.4), closed at $47.05, hit a YTD low, fell -14.4% (-$7.9) for the week, fell 4 weeks in a row.
360miq.com/stockinfo?code=9901.HK

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

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