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HKEX Market Update 2024-09-27

360MiQ 0

HSI soared +3.5% (+707 pts), closed at 20632 points, rose 4 days in a row, hit a YTD high, rose +13% (+2373 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 131 (87%) closed higher. 76% of all HKEX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +1% to +6%. 6 sectors outperformed the market. The market was up +3.4%; Healthcare was up +6%, the best performer; Energy was up +1%, but already the worst performer.

● SWHY (6806) jumped +9.1% (+$0.15), closed at $1.79, rose 4 days in a row, the best % gain in more than 50 months, also hit a YTD high, rose +20.9% (+$0.31) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=6806.HK

● WUXI APPTEC (2359) surged +23.9% (+$9.9), closed at $51.4, a 137-day high, rose +20.9% (+$8.9) for the week, rose 5 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=2359.HK

● CGS (6881) jumped +17.9% (+$0.91), closed at $5.99, rose 5 days in a row, the best % gain in more than 50 months, also hit a YTD high, rose +40.9% (+$1.74) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=6881.HK

● CICC (3908) spiked +17.9% (+$1.9), closed at $12.52, rose 5 days in a row, the best % gain in 7 years, also hit a YTD high, rose +50.1% (+$4.18) for the week, rose 3 weeks in a row.
360miq.com/stockinfo?code=3908.HK

● CHINA EAST AIR (0670) jumped +17.7% (+$0.34), closed at $2.26, an 87-day high, rose +27.7% (+$0.49) for the week after a 4-week losing streak, crossed above MA50 and MA250 ($1.98, $2.16).
360miq.com/stockinfo?code=0670.HK

● ABC (1288) largely retreated -6% (-$0.24) after a 10-day winning streak, closed at $3.76, the worst % loss in more than 79 months, rose +2.5% (+$0.09) for the week, rose 4 weeks in a row. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=1288.HK

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

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