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HKEX Market Update 2023-05-19

360MiQ 0

HSI fell -1.4% (-276 pts), closed at 19451 points, a 38-day low, fell -0.9% (-176 pts) for the week, fell 2 weeks in a row, crossed below MA250 (19699 pts).

Among the 150 largest-cap stocks, 34 (23%) closed higher. Only 31% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.1% to -2.4%. 7 sectors outperformed the market. The market was down -1.2%; Consumer Defensive was down -0.1%, but already the best performer, reflecting a more risk-averse market; Consumer Cyclical was down -2.4%, the worst performer.

● ZTO EXPRESS (2057) retreated -1.6% (-$3.8), closed at $231, rose 4% (+$8.8) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=2057.HK

● STAR CM (6698) largely rose 3.4% (+$3.5), closed at $105.5, rose 18.5% (+$16.5) for the week after a 2-week losing streak. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=6698.HK

● BEKE (2423) tumbled -6.7% (-$2.8), closed at $38.95, fell 4 days in a row, the worst % loss in 1 month, also a 90-day low, fell -7.5% (-$3.15) for the week after a 2-week winning streak. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=2423.HK

● BABA (9988) largely retreated -6% (-$5.3), closed at $82.45, the worst % loss in more than 3 months, fell -2.6% (-$2.2) for the week, crossed below MA20 and MA50 ($83.34, $86.79).
360miq.com/stockinfo?code=9988.HK

● MNSO (9896) largely retreated -5.7% (-$1.95), closed at $32.3, the worst % loss in 2 months, fell -2.1% (-$0.7) for the week, fell 3 weeks in a row, crossed below MA20 and MA50 ($32.83, $34.09).
360miq.com/stockinfo?code=9896.HK

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

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