On October 18, 2024, the Hang Seng Index experienced a positive turnaround, starting the day with a 27-point increase to reach 20,106 points. The index continued its upward trajectory, peaking at 20,282 points with a total gain of 203 points, before closing at 20,198 points—an increase of 0.59%. This shift ended a four-day downward trend in the index.
The state-owned enterprise index also rose, climbing 53 points or 0.74% to settle at 7,232 points. Meanwhile, the technology index saw an increase of 21 points, finishing at 4,371 points. Overall, the main board recorded transaction volumes totaling 22 billion Hong Kong dollars, reflecting active trading in the market. Gold mining stocks played a significant role in driving this rally, contributing to the positive sentiment among investors.
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