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HKEX Market Update 2023-05-29

360MiQ 0

HSI fell -1% (-196 pts), closed at 18551 points, fell 4 days in a row, hit a YTD low.

Among the 150 largest-cap stocks, 54 (36%) closed higher. 36% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 10 sectors closed down, 1 sector remained unchanged, ranging from -2% to 0.2%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.9%; Financial was up 0.2%, but already the best performer; Healthcare was down -2%, the worst performer.

● STAR CM (6698) largely retreated -9.8% (-$10.45), closed at $96.55, crossed below MA20 and MA50 ($99.91, $101.96). The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=6698.HK

● NTES (9999) soared 7.2% (+$9.4) after a 3-day losing streak, closed at $139.9, the best % gain in nearly 3 months, crossed above MA20, MA50 and MA250 ($137.63, $138.31, $130.58). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=9999.HK

● YANKUANG ENERGY (1171) plunged -8.4% (-$2.05), closed at $22.35, fell 6 days in a row, the worst % loss in 7 months, also a 43-day low.
360miq.com/stockinfo?code=1171.HK

● MEITUAN (3690) sank -8.1% (-$10.2), closed at $115.8, fell 3 days in a row, the worst % loss in 6 months, also hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=3690.HK

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

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