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HKEX Market Update 2024-03-01

360MiQ 0

HSI rose 0.5% (+78.4 pts), closed at 16589 points, fell -0.8% (-137 pts) for the week after a 3-week winning streak.

Among the 150 largest-cap stocks, 76 (51%) closed higher. 53% of all HKEX stocks ended higher.

In terms of sectors, 6 sectors closed up, 5 sectors closed down, 1 sector remained unchanged, ranging from -1.3% to 1.5%. 4 sectors outperformed the market. The market was up 0.1%; Basic Materials was up 1.5%, the best performer; Healthcare was down -1.3%, the worst performer.

● FAST RETAIL-DRS (6288) largely retreated -3.7% (-$0.85), closed at $22, rose 0.5% (+$0.1) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=6288.HK

● MEITUAN (3690) soared 10.8% (+$8.6), closed at $88.4, the best % gain in 15 months, also hit a YTD high, rose 8.5% (+$6.9) for the week, rose 4 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=3690.HK

● BEIGENE (6160) largely retreated -8.4% (-$8.95) after a 3-day winning streak, closed at $97.05, the worst % loss in nearly 2 months, rose 3.1% (+$2.9) for the week, rose 4 weeks in a row, crossed below MA50 ($97.89). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=6160.HK

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

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