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HKEX Market Update 2024-03-08

360MiQ 0

HSI rebounded 0.8% (+123 pts), closed at 16353 points, fell -1.4% (-236 pts) for the week, fell 2 weeks in a row, crossed above MA20 (16350 pts).

Among the 150 largest-cap stocks, 114 (76%) closed higher. 66% of all HKEX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.2% to 2.8%. 5 sectors outperformed the market. The market was up 0.9%; Technology was up 2.8%, the best performer, reflecting a more aggressive market sentiment; Utilities, Consumer Defensive were down -0.2%, but already the worst performers.

● PRADA (1913) soared 14.8% (+$8.25), closed at $63.9, the best % gain in more than 71 months, also hit a YTD high, rose 14.3% (+$8) for the week, rose 5 weeks in a row. The best performer today with the largest increase in volume.
360miq.com/stockinfo?code=1913.HK

● UBTECH ROBOTICS (9880) plummeted -12.8% (-$26.1) after a 3-day winning streak, closed at $177.9, the worst % loss in more than 1 month, rose 77.4% (+$77.6) for the week, rose 3 weeks in a row. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=9880.HK

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

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