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HKEX Market Update 2024-08-16

360MiQ 0

HSI largely rose +1.9% (+321 pts), closed at 17430 points, rose +2% (+340 pts) for the week, rose 2 weeks in a row, crossed above MA20 and MA250 (17122 pts, 17296 pts).

Among the 150 largest-cap stocks, 109 (73%) closed higher. 62% of all HKEX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.7% to +3.6%. 3 sectors outperformed the market. The market was up +1.5%; Consumer Cyclical was up +3.6%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.7%, the worst performer.

● JD LOGISTICS (2618) largely rebounded +22% (+$1.71), closed at $9.49, a 58-day high, rose +19.5% (+$1.55) for the week, rose 2 weeks in a row, crossed above MA20, MA50 and MA250 ($8, $8.24, $8.83). The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=2618.HK

● JD (9618) largely rebounded +8.9% (+$8.85), closed at $108.2, the best % gain in more than 20 months, also a 24-day high, rose +8% (+$8) for the week, rose 2 weeks in a row, crossed above MA20, MA50 and MA250 ($100.99, $105.54, $105.93).
360miq.com/stockinfo?code=9618.HK

● JD HEALTH (6618) largely rebounded +8.2% (+$1.63) after a 4-day losing streak, closed at $21.45, the best % gain in more than 3 months, fell -0.7% (-$0.15) for the week, crossed above MA20 ($20.97).
360miq.com/stockinfo?code=6618.HK

● CKH HOLDINGS (0001) largely fell -3.7% (-$1.5), closed at $39.35, the worst % loss in nearly 7 months, fell -2.5% (-$1) for the week, crossed below MA20 ($40.5). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=0001.HK

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

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