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HKEX Market Update 2024-02-16

360MiQ 0

HSI largely rose 2.5% (+395 pts), closed at 16340 points, rose 3 days in a row, a 27-day high, rose 3.8% (+593 pts) for the week, rose 2 weeks in a row, crossed above MA50 (16151 pts).

Among the 150 largest-cap stocks, 144 (96%) closed higher. 75% of all HKEX stocks ended higher, the most in more than 1 month, good for the market.

In terms of sectors, all sectors were up with gains from 1% to 5.1%. 6 sectors outperformed the market. The market was up 2.8%; Healthcare was up 5.1%, the best performer; Energy was up 1%, but already the worst performer.

● WUXI BIO (2269) largely rebounded 11.7% (+$1.8) after a 4-day losing streak, closed at $17.22, the best % gain in 15 months, fell -0.6% (-$0.1) for the week. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=2269.HK

● FAST RETAIL-DRS (6288) jumped 4.7% (+$1), closed at $22.5, the best % gain in 1 month, also hit a YTD high, rose 5.1% (+$1.1) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=6288.HK

● HWORLD (1179) spiked 10.5% (+$2.75), closed at $28.95, rose 3 days in a row, the best % gain in more than 14 months, also hit a YTD high, rose 15.6% (+$3.9) for the week, rose 2 weeks in a row.
360miq.com/stockinfo?code=1179.HK

● MANULIFE (0945) soared 8.8% (+$15.5), closed at $191.7, the best % gain in 159 months, also hit a YTD high, rose 9.9% (+$17.2) for the week, rose 2 weeks in a row.
360miq.com/stockinfo?code=0945.HK

● J&T EXPRESS (1519) plunged -12.5% (-$1.72), closed at $12.04, hit a YTD low, fell -14.1% (-$1.98) for the week. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=1519.HK

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

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