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HKEX Market Update 2024-04-24

360MiQ 0

HSI largely rose +2.2% (+372 pts), closed at 17201 points, rose 3 days in a row, hit a YTD high.

Among the 150 largest-cap stocks, 131 (87%) closed higher. 67% of all HKEX stocks ended higher, the most in more than 1 month, good for the market.

In terms of sectors, all sectors were *up with gains from +0.9% to +3.3%. 5 sectors outperformed the market. The market was up +2.1%; Technology was up +3.3%, the best performer, reflecting a more aggressive market sentiment; Consumer Defensive was up +0.9%, but already the worst performer.

● KUAISHOU (1024) spiked +8.1% (+$4), closed at $53.1, rose 3 days in a row, hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=1024.HK

● CHINAHONGQIAO (1378) jumped +7% (+$0.68), closed at $10.38, hit a YTD high.
360miq.com/stockinfo?code=1378.HK

● TIANQI LITHIUM (9696) plummeted -19.1% (-$6.75), closed at $28.5, hit a record low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=9696.HK

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

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