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HKEX Market Update 2024-02-28

360MiQ 0

HSI fell -1.5% (-254 pts), closed at 16537 points.

Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 32% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3.2% to 0.5%. 5 sectors outperformed the market, the market internal was more negative. The market was down -1.4%; Utilities was up 0.5%, the best performer, reflecting a more risk-averse market; Technology was down -3.2%, the worst performer.

● LONGFOR GROUP (0960) tanked -7% (-$0.75), closed at $9.95, the worst % loss in 1 month, crossed below MA50 ($10.14). The worst performer but with average volume.
360miq.com/stockinfo?code=0960.HK

● HENDERSON LAND (0012) largely rose 3.8% (+$0.85), closed at $23.05, rose 3 days in a row, the best % gain in more than 3 months, also a 38-day high, crossed above MA250 ($22.68). The largest increase in volume.
360miq.com/stockinfo?code=0012.HK

● BEIGENE (6160) soared 5.2% (+$5.2), closed at $104.3, a 31-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=6160.HK

● NTES (9999) spiked 4.6% (+$7.7), closed at $176.7, hit a YTD high.
360miq.com/stockinfo?code=9999.HK

● ZTE (0763) largely retreated -5.9% (-$1.04), closed at $16.5, the worst % loss in 4 months.
360miq.com/stockinfo?code=0763.HK

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

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