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HKEX Market Update 2024-03-12

360MiQ 0

HSI jumped 3% (+506 pts), closed at 17094 points, rose 3 days in a row, the best % gain in 1 month, also hit a YTD high.

Among the 150 largest-cap stocks, 116 (77%) closed higher. 69% of all HKEX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.4% to 4.7%. 6 sectors outperformed the market. The market was up 2.5%; Real Estate was up 4.7%, the best performer; Basic Materials was down -0.4%, but already the worst performer.

● LONGFOR GROUP (0960) surged 14.1% (+$1.34), closed at $10.84, rose 3 days in a row, the best % gain in more than 7 months, also a 42-day high, crossed above MA20 and MA50 ($9.69, $9.69). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0960.HK

● HAIDILAO (6862) spiked 13.6% (+$2), closed at $16.68, rose 3 days in a row, the best % gain in more than 1 year, also hit a YTD high.
360miq.com/stockinfo?code=6862.HK

● XIAOMI (1810) surged 11% (+$1.48), closed at $14.88, rose 3 days in a row, the best % gain in more than 13 months, also a 44-day high, crossed above MA50 ($13.44). The largest increase in volume.
360miq.com/stockinfo?code=1810.HK

● C RES LAND-500 (1109) spiked 10.5% (+$2.35), closed at $24.75, rose 3 days in a row, the best % gain in more than 7 months, crossed above MA20 and MA50 ($24, $24.29).
360miq.com/stockinfo?code=1109.HK

● HUADIAN POWER (1071) largely fell -3.6% (-$0.15) after a 6-day winning streak, closed at $4.03, the worst % loss in more than 1 month. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=1071.HK

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

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