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HKEX Market Update 2024-08-23

360MiQ 0

HSI slightly retreated -0.2% (-28.9 pts), closed at 17612 points, rose +1% (+182 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 53 (35%) closed higher. 42% of all HKEX stocks ended higher.

In terms of sectors, 3 sectors closed up, 9 sectors closed down, ranging from -2% to +0.5%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.3%; Energy, Financial were up +0.5%, the best performers; Healthcare was down -2%, the worst performer.

● CPIC (2601) soared +6.1% (+$1.14), closed at $19.8, the best % gain in 3 months, rose +3.1% (+$0.6) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($19.27, $19.64). The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=2601.HK

● NTES (9999) largely retreated -10.3% (-$14.7), closed at $128.3, the worst % loss in 8 months, also hit a YTD low, fell -7% (-$9.7) for the week, fell 4 weeks in a row, crossed below MA20 and MA50 ($139.02, $142.59). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=9999.HK

● OOIL (0316) largely retreated -7.3% (-$8.4), closed at $106.4, the worst % loss in more than 2 months, fell -2.7% (-$2.9) for the week, crossed below MA20 and MA250 ($106.81, $110.01).
360miq.com/stockinfo?code=0316.HK

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

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