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HKEX Market Update 2024-03-06

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HSI largely rebounded 1.7% (+275 pts), closed at 16438 points, crossed above MA20 and MA50 (16332 pts, 16166 pts).

Among the 150 largest-cap stocks, 119 (79%) closed higher. 62% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.2% to 2.9%. 6 sectors outperformed the market. The market was up 1.4%; Basic Materials was up 2.9%, the best performer; Real Estate was up 0.2%, but already the worst performer.

● WHARF HOLDINGS (0004) largely retreated -4.7% (-$1.3), closed at $26.45, crossed below MA20 ($26.74). The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=0004.HK

● UBTECH ROBOTICS (9880) surged 88.1% (+$95), closed at $202.8, hit a record high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=9880.HK

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