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HKEX Market Update 2023-02-22

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HSI fell -0.5% (-105 pts), closed at 20424 points, a 32-day low.

Among the 150 largest-cap stocks, 27 (18%) closed higher. Only 31% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -1.4% to 0.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.8%; Financial was up 0.2%, but already the best performer; Technology was down -1.4%, the worst performer.

● FOSUN INTL (0656) plunged -5.7% (-$0.42), closed at $6.89, the worst % loss in more than 3 months, also a 27-day low, crossed below MA50 ($6.94). The largest increase in volume.
360miq.com/stockinfo?code=0656.HK

● HSBC HOLDINGS (0005) largely rebounded 5.3% (+$3.05), closed at $60.65, the best % gain in more than 4 months, also hit a YTD high, crossed above MA20 ($57.8). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0005.HK

● TECHTRONIC IND (0669) plunged -7.3% (-$7.3), closed at $92.1, the worst % loss in more than 5 months, also a 29-day low, crossed below MA50 and MA250 ($96.79, $96.69). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=0669.HK

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

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