As of the market close on September 17, a total of 36 stocks reached new 52-week highs, with Chit Tat Electric Group Holding (01750), Yuk Wing Group Holdings (01536), and NIRAKU (01245) leading the pack with the highest surge rates at 28.99%, 26.32%, and 22.22%, respectively.
Other notable names hitting fresh 52-week highs included LEGION CONSO (02129), Kelun-Biotech (06821), Sa Sa International (00178), GenScript Biotech (01548), and Bank of East Asia (00023). Among the high-growth performers were New Universe Engineering Group (08616) and Universe Entertainment (01046), contributing to the day's broad momentum across sectors.
On the downside, 85 stocks recorded new 52-week lows, with Jiangsu Hongxin (02625) seeing the steepest decline at -16.15%. Other prominent decliners included Beijing Energy International (00686) and HKE HOLDINGS (01726), both facing significant selling pressure.
Where opportunities may lie
For investors tracking momentum, the new-high list highlights companies with strong recent performance, including Greenland Hong Kong (00337), SOHO China (00410), and Fosun Tourism Group-related names. On the new-low list, well-known stocks like Baijia (89888), Bilibili-W (09626), Haidilao (06862), Nongfu Spring (09633), Li Ning (02331), JD Logistics (02618), NIO-SW (09866), Kuaishou-W (01024), and China State Construction International (01800) have pulled back to 52-week lows, potentially offering contrarian opportunities.
Notable 52-week new highs detail
Among the top gainers, NIRAKU (01245) closed at HK$0.315 with a high of HK$0.330, while New World Development (08616) saw its high reach HK$0.111. Capital Finance (08239) surged to HK$23.38, a 3.91% increase, and Luyuan Group (02451) hit HK$17.35. China Boton (03318) and Sun King Power Electronics (02285) also posted gains, with the latter reaching HK$27.80.
Notable 52-week new lows detail
On the flip side, Yum China (09987) and Country Garden Services (06098) saw significant drops, while China Rare Earth Holdings (00769) and Beijing Enterprises Water Group (00371) also hit lows. Hang Lung Properties (00101), Chow Tai Fook Jewellery (01929), and Geely Automobile (00175) rounded out the list of major decliners, reflecting a broad market correction.
For comprehensive market data and real-time analytics, investors are encouraged to utilize professional financial platforms to track these trends and make informed decisions.