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HKEX Market Update 2024-01-26

360MiQ 0

HSI largely retreated -1.6% (-260 pts) after a 3-day winning streak, closed at 15952 points, rose 4.2% (+643 pts) for the week after a 3-week losing streak, crossed below MA20 (16058 pts).

Among the 150 largest-cap stocks, 33 (22%) closed higher. 34% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -4.9% to 0.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -1.5%; Energy was up 0.2%, but already the best performer; Healthcare was down -4.9%, the worst performer.

● CHINA TOWER (0788) spiked 6.5% (+$0.05), closed at $0.82, rose 3 days in a row, the best % gain in more than 10 months, rose 7.9% (+$0.06) for the week, crossed above MA20 and MA50 ($0.78, $0.8). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=0788.HK

● WUXI BIO (2269) largely retreated -16.8% (-$5.05) after a 3-day winning streak, closed at $24.95, the worst % loss in more than 1 month, also a 1119-day low, fell -12% (-$3.4) for the week, fell 2 weeks in a row, crossed below MA20 ($28.47). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=2269.HK

● WUXI APPTEC (2359) tanked -16.4% (-$12.7), closed at $64.6, fell 3 days in a row, the worst % loss in more than 16 months, also a 133-day low, fell -18.6% (-$14.75) for the week after a 2-week winning streak, crossed below MA20 ($76.23). The largest increase in volume today.
360miq.com/stockinfo?code=2359.HK

● LENOVO GROUP (0992) largely retreated -10.3% (-$1.06) after a 6-day winning streak, closed at $9.2, the worst % loss in more than 27 months, also a 34-day low, fell -5.7% (-$0.56) for the week, fell 2 weeks in a row, crossed below MA50 ($10).
360miq.com/stockinfo?code=0992.HK

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

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