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HKEX Market Update 2024-08-07

360MiQ 0

HSI rose +1.4% (+231 pts) after a 4-day losing streak, closed at 16878 points.

Among the 150 largest-cap stocks, 124 (83%) closed higher. 59% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from +0.3% to +2.8%. 5 sectors outperformed the market. The market was up +1.5%; Utilities was up +2.8%, the best performer, reflecting a more conservative market sentiment; Healthcare was up +0.3%, but already the worst performer.

● SANDS CHINA (1928) fell -2.5% (-$0.36), closed at $13.94, hit a YTD low. The worst performer but with average volume.
360miq.com/stockinfo?code=1928.HK

● FOSUN PHARMA (2196) largely rose +2.6% (+$0.34), closed at $13.34, crossed above MA20 and MA50 ($13.03, $13.02). The largest increase in volume.
360miq.com/stockinfo?code=2196.HK

● FUYAO GLASS (3606) jumped +7.8% (+$3.05), closed at $42.15, the best % gain in more than 3 months. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=3606.HK

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

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