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HKEX Market Update 2024-10-18

360MiQ 0

HSI soared +3.6% (+725 pts) after a 4-day losing streak, closed at 20804 points, fell -2.1% (-448 pts) for the week, fell 2 weeks in a row, crossed above MA20 (20507 pts).

Among the 150 largest-cap stocks, 145 (97%) closed higher. 79% of all HKEX stocks ended higher, the most in 23 months, good for the market.

In terms of sectors, all sectors were up with gains from +1.1% to +7.4%. 5 sectors outperformed the market. The market was up +3.3%; Technology surged +7.4%, the best performer, reflecting a more aggressive market sentiment; Energy was up +1.1%, but already the worst performer.

● CMSC (6099) jumped +17.9% (+$2.06), closed at $13.6, rose 3 days in a row, rose +3% (+$0.4) for the week. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=6099.HK

● SMIC (0981) jumped +16.3% (+$4.25), closed at $30.25, rose +18.6% (+$4.75) for the week.
360miq.com/stockinfo?code=0981.HK

● SWHY (6806) largely rebounded +14.5% (+$0.3), closed at $2.37, fell -2.1% (-$0.05) for the week, fell 2 weeks in a row, crossed above MA20 ($2.25).
360miq.com/stockinfo?code=6806.HK

● ZOOMLION (1157) largely rebounded +9.6% (+$0.44) after a 3-day losing streak, closed at $5, rose +2.5% (+$0.12) for the week, crossed above MA20 ($4.94).
360miq.com/stockinfo?code=1157.HK

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

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