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HKEX Market Update 2024-12-09

360MiQ 0

HSI jumped +2.8% (+548 pts), closed at 20414 points, the best % gain in more than 1 month, crossed above MA50 (20380 pts).

Among the 150 largest-cap stocks, 143 (95%) closed higher. 69% of all HKEX stocks ended higher, the most in 1 month, good for the market.

In terms of sectors, all sectors were up with gains from +1.5% to +4%. 6 sectors outperformed the market. The market was up +2.4%; Technology was up +4%, the best performer, reflecting an increasing risk appetite; Utilities was up +1.5%, but already the worst performer.

● CMSC (6099) jumped +13.7% (+$2.16), closed at $17.98, rose 3 days in a row, the best % gain in 1 month, also a 43-day high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=6099.HK

● WUXI BIO (2269) surged +9.6% (+$1.66), closed at $19, the best % gain in 2 months, also a 42-day high.
360miq.com/stockinfo?code=2269.HK

● WUXI APPTEC (2359) soared +9.6% (+$5.25), closed at $59.85, the best % gain in 2 months, also a 43-day high.
360miq.com/stockinfo?code=2359.HK

● CHINA VANKE (2202) surged +8% (+$0.52), closed at $6.99, the best % gain in nearly 2 months, crossed above MA20 ($6.49). The largest increase in volume.
360miq.com/stockinfo?code=2202.HK

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

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