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HKEX Market Update 2024-09-24

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HSI spiked +4.1% (+754 pts), closed at 19001 points, the best % gain in nearly 19 months, also an 84-day high.

Among the 150 largest-cap stocks, 141 (94%) closed higher. 74% of all HKEX stocks ended higher, the most in 7 months, good for the market.

In terms of sectors, all sectors were up with gains from +1.4% to +4.5%. 5 sectors outperformed the market. The market was up +3.6%; Consumer Cyclical was up +4.5%, the best performer, reflecting an increasing risk appetite; Utilities was up +1.4%, but already the worst performer.

● CMSC (6099) jumped +6% (+$0.36), closed at $6.39, the best % gain in nearly 5 months, also an 86-day high, crossed above MA250 ($6.03). The largest increase in volume.
360miq.com/stockinfo?code=6099.HK

● CPIC (2601) soared +12.5% (+$2.65), closed at $23.9, hit a YTD high. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=2601.HK

● CICC (3908) spiked +11.2% (+$0.95), closed at $9.44, the best % gain in more than 2.5 years, also an 85-day high.
360miq.com/stockinfo?code=3908.HK

● BEKE (2423) largely rebounded +11.1% (+$4.25), closed at $42.6, the best % gain in more than 4 months, also an 80-day high, crossed above MA250 ($38.81).
360miq.com/stockinfo?code=2423.HK

● NIO (9866) largely rebounded +11.1% (+$4.45), closed at $44.4, a 132-day high.
360miq.com/stockinfo?code=9866.HK

● NEW ORIENTAL (9901) sank -5.2% (-$2.55), closed at $46.3, crossed below MA20 ($47.35). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=9901.HK

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