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HKEX Market Update 2024-02-14

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HSI rose 0.8% (+132 pts) after a 3-day losing streak, closed at 15879 points.

Among the 150 largest-cap stocks, 77 (51%) closed higher, 64 of them rose with a lower volume. Despite HSI rising 0.8%, only 49% of all HKEX stocks follow suit.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -1% to 2%. 4 sectors outperformed the market. The market was up 0.6%; Consumer Cyclical was up 2%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -1%, the worst performer.

● XPENG (9868) largely rebounded 7.9% (+$2.55), closed at $34.8, the best % gain in more than 4 months. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=9868.HK

● SANDS CHINA (1928) rose 1.5% (+$0.35), closed at $23.2, rose 3 days in a row, a 27-day high. The largest increase in volume.
360miq.com/stockinfo?code=1928.HK

● WUXI APPTEC (2359) plummeted -18.6% (-$8.8), closed at $38.45, fell 3 days in a row, hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=2359.HK

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

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