HSI spiked 2.9% (+581 pts), closed at 20697 points, fell -0.1% (-20 pts) for the week, crossed above MA20 (20324 pts).
Among the 150 largest-cap stocks, 119 (79%) closed higher. 61% of all HKEX stocks ended higher.
In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 5.5%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Communication, The market was up 2.4%; Consumer Cyclical was up 5.5%, the best performer, reflecting a more aggressive market sentiment; Basic Materials remained unchanged, but already the worst performer.
● CATHAY PAC AIR (0293) soared 4.3% (+$0.34), closed at $8.31, rose 3 days in a row, the best % gain in more than 2 months, also hit a YTD high, rose 5.5% (+$0.43) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=0293.HK
● BIDU (9888) soared 14.3% (+$16.5), closed at $132.2, the best % gain in more than 2 months, also a 30-day high, rose 7% (+$8.6) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($118.78, $126.79). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=9888.HK
● BABA (9988) largely rebounded 12.2% (+$9.9) after a 4-day losing streak, closed at $91, rose 3.4% (+$2.95) for the week, rose 2 weeks in a row, crossed above MA20 ($88.39).
360miq.com/stockinfo?code=9988.HK
● CHINA POWER (2380) largely fell -4% (-$0.15), closed at $3.62, fell 5 days in a row, fell -9.7% (-$0.39) for the week after a 2-week winning streak. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=2380.HK
360miq.com/market?data=HKEX#tab-3
