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HKEX Market Update 2022-05-12

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HSI largely fell -2.2% (-445 pts), closed at 19380 points, a 36-day low.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 21% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.5% to -4.3%. 7 sectors outperformed the market. The market was down -2.4%; Utilities was down -0.5%, but already the best performer, reflecting a decreasing risk appetite; Consumer Cyclical was down -4.3%, the worst performer.

● TINGYI (0322) tumbled -6.7% (-$0.98), closed at $13.7, the worst % loss in 2 months, also a 20-day low, crossed below MA20 and MA50 ($14.44, $14.5). The largest increase in volume.
360miq.com/stockinfo?code=0322.HK

● BEIGENE (6160) tumbled -13% (-$11.15), closed at $74.35, fell 4 days in a row, the worst % loss in nearly 2 months, also hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=6160.HK

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

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