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HKEX Market Update 2023-03-23

360MiQ 0

HSI largely rose 2.3% (+459 pts), closed at 20050 points, rose 3 days in a row, crossed above MA20 and MA250 (19845 pts, 19850 pts).

Among the 150 largest-cap stocks, 106 (71%) closed higher. 56% of all HKEX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -0.4% to 5.2%. 3 sectors outperformed the market. The market was up 2%; Communication was up 5.2%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -0.4%, but already the worst performer.

● OOIL (0316) soared 16.2% (+$21.1), closed at $151.6, rose 3 days in a row, the best % gain in more than 26 months, also hit a YTD high, crossed above MA20 and MA50 ($132.53, $132.89). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0316.HK

● LENOVO GROUP (0992) soared 11.4% (+$0.83), closed at $8.12, the best % gain in more than 23 months, also hit a YTD high, crossed above MA20 ($7.34). The largest increase in volume.
360miq.com/stockinfo?code=0992.HK

● CSPC PHARMA (1093) largely retreated -7.3% (-$0.61), closed at $7.74, the worst % loss in more than 3 months, also hit a YTD low, crossed below MA20 and MA250 ($8.23, $8.29). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=1093.HK

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

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