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HKEX Market Update 2024-11-27

360MiQ 0

HSI largely rose +2.3% (+444 pts), closed at 19603 points, the best % gain in more than 1 month.

Among the 150 largest-cap stocks, 140 (93%) closed higher. 69% of all HKEX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.5% to +3.3%. 6 sectors outperformed the market. The market was up +1.9%; Technology was up +3.3%, the best performer, reflecting a more aggressive market sentiment; Utilities was up +0.5%, but already the worst performer.

● MEITUAN (3690) soared +7.2% (+$11.9), closed at $176.2, the best % gain in more than 1 month. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=3690.HK

● BEIGENE (6160) largely rebounded +7.2% (+$8.2), closed at $121.9, the best % gain in nearly 2 months, crossed above MA20 ($119.29).
360miq.com/stockinfo?code=6160.HK

● CMSC (6099) jumped +7% (+$0.94) after a 5-day losing streak, closed at $14.36.
360miq.com/stockinfo?code=6099.HK

● CHOW TAI FOOK (1929) largely rebounded +6.9% (+$0.47), closed at $7.33, the best % gain in 1 month, crossed above MA20 and MA50 ($7.29, $7.3).
360miq.com/stockinfo?code=1929.HK

● HWORLD (1179) largely fell -3% (-$0.8), closed at $26.1, a 42-day low, crossed below MA250 ($26.73). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=1179.HK

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

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