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HKEX Market Update 2024-05-02

360MiQ 0

HSI largely rose +2.5% (+444 pts), closed at 18207 points, rose 8 days in a row, the best % gain in more than 1 month, also hit a YTD high.

Among the 150 largest-cap stocks, 98 (65%) closed higher. 66% of all HKEX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -1.1% to +4.4%. 5 sectors outperformed the market. The market was up +2%; Healthcare was up +4.4%, the best performer; Energy was down -1.1%, the worst performer.

● PICC P&C (2328) tumbled -5.5% (-$0.54), closed at $9.23, fell 4 days in a row, the worst % loss in nearly 17 months, also an 80-day low, crossed below MA250 ($9.43). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=2328.HK

● STANCHART (2888) soared +6% (+$4.05), closed at $71.95, rose 8 days in a row, the best % gain in nearly 19 months, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=2888.HK

● NIO (9866) surged +20.4% (+$7.3), closed at $43.05, rose 4 days in a row, the best % gain in more than 25 months, also a 27-day high, crossed above MA50 ($39.77). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=9866.HK

● PETROCHINA (0857) largely retreated -3.8% (-$0.28), closed at $7.1, the worst % loss in 6 months, also a 20-day low, crossed below MA20 ($7.32).
360miq.com/stockinfo?code=0857.HK

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

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