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HKEX Market Update 2024-12-24

360MiQ 0

HSI rose +1.1% (+215 pts), closed at 20098 points, crossed above MA50 (20045 pts).

Among the 150 largest-cap stocks, 121 (81%) closed higher, 111 of them rose with a lower volume. 65% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.1% to +2.1%. 6 sectors outperformed the market. The market was up +0.9%; Technology was up +2.1%, the best performer, reflecting an increasing risk appetite; Communication, Basic Materials were up +0.1%, but already the worst performers.

● POP MART (9992) fell -2.2% (-$1.95), closed at $86.95, fell 3 days in a row. The largest increase in volume.
360miq.com/stockinfo?code=9992.HK

● OOIL (0316) soared +7.3% (+$7.9), closed at $115.6, the best % gain in more than 1 year, also a 57-day high, crossed above MA250 ($108.49). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=0316.HK

● CHINA RES POWER (0836) largely retreated -2.8% (-$0.54), closed at $18.9, the worst % loss in 2 months, crossed below MA250 ($19.18). The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=0836.HK

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

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