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HKEX Market Update 2024-07-08

360MiQ 0

HSI largely fell -1.6% (-276 pts), closed at 17524 points, a 47-day low, is testing MA250 (17516 pts).

Among the 150 largest-cap stocks, 29 (19%) closed higher. Only 27% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -3%. 4 sectors outperformed the market. The market was down -1.3%; Utilities was down -0.1%, but already the best performer, reflecting a decreasing risk appetite; Healthcare was down -3%, the worst performer.

● CONCH CEMENT (0914) soared +4.3% (+$0.84), closed at $20.5, rose 6 days in a row, the best % gain in more than 1 month, also hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=0914.HK

● UBTECH ROBOTICS (9880) tanked -16.2% (-$20.2), closed at $104.8, fell 3 days in a row, an 82-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=9880.HK

● CGS (6881) tumbled -11% (-$0.46), closed at $3.72, fell 3 days in a row, the worst % loss in more than 106 months, also a 100-day low, crossed below MA250 ($4.11).
360miq.com/stockinfo?code=6881.HK

● COSCO SHIP HOLD (1919) plunged -8% (-$1.08), closed at $12.38, fell 4 days in a row, a 28-day low, crossed below MA50 ($12.57). The largest increase in volume.
360miq.com/stockinfo?code=1919.HK

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

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