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HKEX Market Update 2023-05-23

360MiQ 0

HSI retreated -1.3% (-247 pts), closed at 19431 points, a 40-day low.

Among the 150 largest-cap stocks, 33 (22%) closed higher. Only 33% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.4% to 0.7%. 4 sectors outperformed the market, the market internal was more negative. The market was down -1.2%; Healthcare was up 0.7%, the best performer; Utilities was down -2.4%, the worst performer.

● TME (1698) tanked -6.9% (-$2.2), closed at $29.5, the worst % loss in 2 months, crossed below MA50 ($29.63). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=1698.HK

● XINYI SOLAR (0968) rose 2% (+$0.16), closed at $8.11, crossed above MA20 ($8.1). The largest increase in volume.
360miq.com/stockinfo?code=0968.HK

● SINO LAND (0083) surged 5% (+$0.52), closed at $10.94, the best % gain in more than 5 months, also hit a YTD high, crossed above MA20 and MA50 ($10.46, $10.49). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0083.HK

● NIO (9866) largely rose 4.2% (+$2.75), closed at $67.65, a 22-day high.
360miq.com/stockinfo?code=9866.HK

● SMIC (0981) largely retreated -6.4% (-$1.35), closed at $19.7, crossed below MA50 ($20.37).
360miq.com/stockinfo?code=0981.HK

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

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