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HKEX Market Update 2024-05-10

360MiQ 0

HSI largely rose +2.3% (+426 pts), closed at 18964 points, hit a YTD high, rose +2.6% (+488 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 133 (89%) closed higher. 66% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.6% to +3.9%. 4 sectors outperformed the market. The market was up +2.1%; Financial was up +3.9%, the best performer; Technology was up +0.6%, but already the worst performer.

● UBTECH ROBOTICS (9880) largely fell -3.6% (-$6.7), closed at $178, fell -7.3% (-$14) for the week after a 2-week winning streak, crossed below MA50 ($182.61). The worst performer today but with average volume.
360miq.com/stockinfo?code=9880.HK

● PSBC (1658) soared +6.2% (+$0.26), closed at $4.47, the best % gain in 17 months, also hit a YTD high, rose +7.2% (+$0.3) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=1658.HK

● CPIC (2601) soared +8.1% (+$1.48), closed at $19.66, the best % gain in 1 year, also hit a YTD high, rose +5.6% (+$1.04) for the week, rose 7 weeks in a row. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=2601.HK

● HKEX (0388) jumped +7.6% (+$20.2), closed at $285.8, the best % gain in nearly 1.5 years, also hit a YTD high, rose +6.3% (+$17) for the week, rose 3 weeks in a row, crossed above MA250 ($269.81).
360miq.com/stockinfo?code=0388.HK

● CCB (0939) jumped +6.8% (+$0.36), closed at $5.64, the best % gain in more than 9 years, also hit a YTD high, rose +8.9% (+$0.46) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=0939.HK

● CHINA RES LAND (1109) soared +7.2% (+$2.15), closed at $32.1, the best % gain in nearly 2 months, also hit a YTD high, rose +6.3% (+$1.9) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=1109.HK

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

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