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HKEX Market Update 2024-05-24

360MiQ 0

HSI fell -1.4% (-260 pts), closed at 18609 points, fell 4 days in a row, fell -4.8% (-945 pts) for the week after a 4-week winning streak, crossed below MA20 (18633 pts).

Among the 150 largest-cap stocks, 26 (17%) closed higher. Only 30% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3.6% to +1.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -1.3%; Energy was up +1.2%, the best performer; Real Estate was down -3.6%, the worst performer.

● HUADIAN POWER (1071) largely rebounded +6% (+$0.26) after a 3-day losing streak, closed at $4.58, remained unchanged for the week, crossed above MA20 and MA50 ($4.36, $4.33). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=1071.HK

● CHINA LONGYUAN (0916) largely rebounded +5.5% (+$0.37), closed at $7.11, hit a YTD high, rose +3.5% (+$0.24) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=0916.HK

● BEKE (2423) tumbled -11.2% (-$5.55), closed at $43.9, fell -17.9% (-$9.55) for the week after a 4-week winning streak, crossed below MA20 ($44.85). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=2423.HK

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

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