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HKEX Market Update 2022-03-16

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HSI largely rebounded 9.1% (+1673 pts) after a 3-day losing streak, closed at 20088 points, the best % gain in 160 months.

Among the 150 largest-cap stocks, 134 (89%) closed higher. 83% of all HKEX stocks ended higher, the most in 2 years, good for the market.

In terms of sectors, all sectors were up with gains from 2.3% to 20.2%. 4 sectors outperformed the market. The market was up 10.3%; Consumer Cyclical was up 20.2%, the best performer, reflecting an increasing risk appetite; Financial was up 2.3%, but already the worst performer.

● NEW WORLD DEV (0017) largely fell -2.6% (-$0.75), closed at $28.35, hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=0017.HK

● GDS (9698) largely rebounded 48.3% (+$9.22), closed at $28.3. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=9698.HK

● JD (9618) largely rebounded 35.6% (+$57.7), closed at $219.6.
360miq.com/stockinfo?code=9618.HK

● COUNTRY GARDEN (2007) largely rebounded 15.2% (+$0.57), closed at $4.33, the best % gain in more than 141 months.
360miq.com/stockinfo?code=2007.HK

● MEIDONG AUTO (1268) largely rebounded 13.8% (+$3.45) after a 10-day losing streak, closed at $28.5, the best % gain in 3 months.
360miq.com/stockinfo?code=1268.HK

● TINGYI (0322) fell -2.3% (-$0.32), closed at $13.54, fell 4 days in a row, hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=0322.HK

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

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