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HKEX Market Update 2023-01-20

360MiQ 0

HSI largely rose 1.8% (+394 pts), closed at 22045 points, a 141-day high, rose 1.4% (+306 pts) for the week, rose 5 weeks in a row.

Among the 150 largest-cap stocks, 128 (85%) closed higher. 76% of all HKEX stocks ended higher, the most in more than 2 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.7% to 4.2%. 5 sectors outperformed the market. The market was up 1.8%; Energy was up 4.2%, the best performer; Utilities was up 0.7%, but already the worst performer.

● NEW ORIENTAL (9901) spiked 12.7% (+$4.2), closed at $37.4, the best % gain in nearly 3 months, also a 370-day high, rose 11.5% (+$3.85) for the week, rose 3 weeks in a row. The best performer today but with average volume.
360miq.com/stockinfo?code=9901.HK

● OOIL (0316) largely retreated -3.3% (-$4.6), closed at $133, a 38-day low, fell -4.5% (-$6.3) for the week, crossed below MA50 ($136.85). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=0316.HK

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

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