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HKEX Market Update 2024-08-27

360MiQ 0

HSI rose +0.4% (+75.7 pts), closed at 17875 points, a 30-day high.

Among the 150 largest-cap stocks, 92 (61%) closed higher. 50% of all HKEX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.7% to +3.4%. 4 sectors outperformed the market. The market was up +0.5%; Energy was up +3.4%, the best performer; Consumer Cyclical, Basic Materials were down -0.7%, the worst performers.

● TRIP.COM (9961) jumped +9% (+$30.4), closed at $366.4, the best % gain in nearly 5 months, also a 28-day high, crossed above MA50 ($356.17). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=9961.HK

● KUNLUN ENERGY (0135) soared +8.6% (+$0.62) after a 7-day losing streak, closed at $7.86, the best % gain in more than 19 months, also a 22-day high, crossed above MA20 ($7.55).
360miq.com/stockinfo?code=0135.HK

● CHINA CRSC (3969) plummeted -5.2% (-$0.16), closed at $2.94, fell 6 days in a row, a 75-day low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=3969.HK

● BABA (9988) largely fell -4% (-$3.35) after a 3-day winning streak, closed at $79.95, the worst % loss in 3 months.
360miq.com/stockinfo?code=9988.HK

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

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