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HKEX Market Update 2024-08-22

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HSI rose +1.4% (+250 pts), closed at 17641 points, a 24-day high, crossed above MA50 (17556 pts).

Among the 150 largest-cap stocks, 94 (63%) closed higher. Despite HSI rising 1.4%, only 45% of all HKEX stocks follow suit.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -0.9% to +3%. 4 sectors outperformed the market. The market was up +1%; Technology was up +3%, the best performer, reflecting an increasing risk appetite; Healthcare was down -0.9%, the worst performer.

● XIAOMI (1810) surged +9% (+$1.58), closed at $19.1, the best % gain in more than 5 months, also a 63-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=1810.HK

● TSINGTAO BREW (0168) largely fell -2.9% (-$1.3), closed at $43.7, a 133-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=0168.HK

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

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