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HKEX Market Update 2024-05-16

360MiQ 0

HSI largely rose +1.6% (+303 pts), closed at 19377 points, hit a YTD high.

Among the 150 largest-cap stocks, 96 (64%) closed higher. 57% of all HKEX stocks ended higher.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.4% to +4%. 3 sectors outperformed the market. The market was up +1.5%; Real Estate was up +4%, the best performer; Energy, Consumer Defensive were down -0.4%, but already the worst performers.

● SINO LAND (0083) rose +2.5% (+$0.22), closed at $8.98, rose 4 days in a row, hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=0083.HK

● CHINA VANKE (2202) jumped +16% (+$0.79), closed at $5.73, a 38-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=2202.HK

● LONGFOR GROUP (0960) jumped +10.9% (+$1.36), closed at $13.8, hit a YTD high, crossed above MA250 ($13.23).
360miq.com/stockinfo?code=0960.HK

● ZTO EXPRESS (2057) spiked +8.7% (+$15.1), closed at $188.7, rose 5 days in a row, the best % gain in more than 23 months, also hit a YTD high, crossed above MA250 ($174.57).
360miq.com/stockinfo?code=2057.HK

● NEW ORIENTAL (9901) largely retreated -6.6% (-$4.6) after a 4-day winning streak, closed at $65.2, crossed below MA20 and MA50 ($65.94, $68.9). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=9901.HK

● CMOC (3993) plummeted -6.1% (-$0.51) after a 7-day winning streak, closed at $7.83, the worst % loss in 1 year.
360miq.com/stockinfo?code=3993.HK

● TECHTRONIC IND (0669) sank -6.2% (-$7), closed at $106.1, the worst % loss in 9 months, crossed below MA20 ($107.58).
360miq.com/stockinfo?code=0669.HK

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

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