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HKEX Market Update 2024-05-03

360MiQ 0

HSI rose +1.5% (+269 pts), closed at 18476 points, rose 9 days in a row, hit a YTD high, rose +4.7% (+825 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 105 (70%) closed higher, 88 of them rose with a lower volume. 61% of all HKEX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.4% to +2.7%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Real Estate, The market was up +1.4%; Consumer Cyclical was up +2.7%, the best performer, reflecting an increasing risk appetite; Healthcare was down -0.4%, but already the worst performer.

● BEKE (2423) soared +6.8% (+$2.85), closed at $44.5, rose 5 days in a row, hit a YTD high, rose +18.2% (+$6.85) for the week, rose 2 weeks in a row. The best performer today but with average volume.
360miq.com/stockinfo?code=2423.HK

● WUXI APPTEC (2359) largely retreated -5.3% (-$2.05), closed at $36.6, rose +4% (+$1.4) for the week, rose 2 weeks in a row. The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=2359.HK

● HWORLD (1179) soared +5.6% (+$1.7) after a 3-day losing streak, closed at $31.8, the best % gain in more than 2 months, fell -0.6% (-$0.2) for the week, crossed above MA20 ($30.79). The largest increase in volume today.
360miq.com/stockinfo?code=1179.HK

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

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