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HKEX Market Update 2023-05-24

360MiQ 0

HSI largely fell -1.6% (-315 pts), closed at 19116 points, a 42-day low.

Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 24% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.2% to -2.7%. 6 sectors outperformed the market. The market was down -1.7%; Utilities was down -0.2%, but already the best performer, reflecting a decreasing risk appetite; Industrials was down -2.7%, the worst performer.

● XINYI SOLAR (0968) soared 4.6% (+$0.37), closed at $8.48, rose 3 days in a row, a 20-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0968.HK

● OOIL (0316) tumbled -27.4% (-$41.3), closed at $109.4, the worst % loss in 31 months, also hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=0316.HK

● TOPSPORTS (6110) sank -11.2% (-$0.77), closed at $6.13, the worst % loss in nearly 7 months, also hit a YTD low, crossed below MA20 and MA250 ($6.79, $6.2). The largest increase in volume.
360miq.com/stockinfo?code=6110.HK

● LENOVO GROUP (0992) plunged -7.7% (-$0.6), closed at $7.24, the worst % loss in more than 19 months, also a 44-day low.
360miq.com/stockinfo?code=0992.HK

● PRADA (1913) plummeted -7.2% (-$4.1), closed at $52.8, the worst % loss in more than 6 months, also a 41-day low, crossed below MA50 ($56.1).
360miq.com/stockinfo?code=1913.HK

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

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