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HKEX Market Update 2024-02-29

360MiQ 0

HSI slightly fell -0.2% (-25.6 pts), closed at 16511 points, rose 6.6% (+1026 pts) for the month.

Among the 150 largest-cap stocks, 80 (53%) closed higher. 56% of all HKEX stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -1.6% to 2.7%. 5 sectors outperformed the market. The market was up 0.1%; Technology was up 2.7%, the best performer; Energy was down -1.6%, the worst performer.

● GANFENGLITHIUM (1772) jumped 9.2% (+$2.2), closed at $26, the best % gain in more than 4 months, also a 29-day high, rose 24.4% (+$5.1) for the month, crossed above MA50 ($24.72). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=1772.HK

● BUD APAC (1876) largely retreated -7.8% (-$1.06), closed at $12.52, the worst % loss in 19 months, rose 2% (+$0.24) for the month, crossed below MA20 and MA50 ($13.04, $13.13). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=1876.HK

● BIDU (9888) tanked -6.6% (-$7.05), closed at $99.55, the worst % loss in more than 1 month, also a 24-day low, fell -1.8% (-$1.85) for the month, crossed below MA20 ($104.29).
360miq.com/stockinfo?code=9888.HK

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

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