HSI1 18,475.92 +268.79 116.19B
HSCEI1 6,547.29 +110.20 55.14B
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HSI Climbs 372 pts at Close, Led by Techs, as HKEX Hikes Post-results
2024-04-24 16:26:54
The HSI climbed 372 points or 2.2% to close at 17,201. The HSCEI gained 145 points or 2.5% to close at 6,100. The HSTECH advanced 124 points or 3.6% to close at 3,573. Total market turnover for the day amounted to $129.584 billion.

SENSETIME-W (00020.HK) rocketed 31.1% before trading in its share halter, following the release of its new AI model, and the stock printed at $0.8 before the suspension. Chip equipment stock ASMPT (00522.HK), with its 1Q24 net profit leaping nearly 1.4x QoQ, swelled 7%.

For other techs, BABA-SW (09988.HK) elevated 3.9% to $72.5, while TENCENT (00700.HK) mounted 3.6% to $344.2. MEITUAN-W (03690.HK) and JD-SW (09618.HK) advanced 4.6% and 4.3%, while KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) rallied over 8%. CHINASOFT INT'L (00354.HK) and KINGDEE INT'L (00268.HK) also escalated over 7%, while Q TECH (01478.HK), CHINA LIT (00772.HK) and GDS-SW (09698.HK) shot up over 6%. WEIMOB INC (02013.HK) surged 13.2%.

PING AN (02318.HK) leaped 4.2% after its 1Q24 VONB growth exceeded expectations, while CHINA LIFE (02628.HK) and CHINA TAIPING (00966.HK) jumped up 5.6%. CPIC (02601.HK) and AIA (01299.HK) ballooned 3.9% and 3.5%, while HKEX (00388.HK) picked up 3.6% after its 1Q24 net profit fell 13%, beating expectations.

For other financials, HSBC HOLDINGS (00005.HK) rose 0.77% to $64.7, while Chinse developers CHINA OVERSEAS (00688.HK) and CHINA RES LAND (01109.HK) picked up 2.9% and 3.7%. KWG GROUP (01813.HK), CIFI HOLD GP (00884.HK) and SEAZEN (01030.HK) ascended 6.3-7.4%, while AGILE GROUP (03383.HK) spiked 8.9%.
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