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HKEX Market Update 2022-03-07

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HSI plummeted -3.9% (-847 pts), closed at 21058 points, the worst % loss in more than 7 months, also hit a YTD low.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 17% of all HKEX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -5.3% to 2%. 7 sectors outperformed the market. The market was down -3.3%; Basic Materials was up 2%, the best performer; Healthcare was down -5.3%, the worst performer.

● POWER ASSETS (0006) largely rose 3.2% (+$1.55), closed at $50.6, rose 3 days in a row, the best % gain in 20 months, also hit a YTD high, crossed above MA20 ($49.62). The largest increase in volume.
360miq.com/stockinfo?code=0006.HK

● RUSAL (0486) largely rebounded 34.1% (+$1.22), closed at $4.8, the best % gain in more than 46 months. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=0486.HK

● MEITUAN (3690) sank -11.3% (-$18.6), closed at $146.2, fell 3 days in a row, hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=3690.HK

● HAIDILAO (6862) tanked -10.8% (-$1.86), closed at $15.4, the worst % loss in more than 7 months, also hit a record low.
360miq.com/stockinfo?code=6862.HK

● BILIBILI (9626) plunged -9.8% (-$20.3), closed at $187.1, fell 4 days in a row, hit a record low.
360miq.com/stockinfo?code=9626.HK

● TRIP.COM (9961) plunged -9.7% (-$20.2), closed at $187.2, the worst % loss in more than 2 months, also a 29-day low, crossed below MA50 ($203.58).
360miq.com/stockinfo?code=9961.HK

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

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