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HKEX Market Update 2023-06-16

360MiQ 0

HSI rose 1.1% (+211 pts), closed at 20040 points, a 27-day high, rose 3.4% (+650 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 111 (74%) closed higher. 63% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.5% to 2.5%. 5 sectors outperformed the market. The market was up 1.1%; Healthcare was up 2.5%, the best performer; Energy was up 0.5%, but already the worst performer.

● STAR CM (6698) tanked -11.6% (-$15), closed at $114.7, the worst % loss in more than 2 months, fell -10.9% (-$14.1) for the week after a 4-week winning streak, crossed below MA20 ($114.8). The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=6698.HK

● ESR (1821) largely rose 2.7% (+$0.38), closed at $14.58, an 81-day high, rose 3.1% (+$0.44) for the week, rose 3 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=1821.HK

● NIO (9866) jumped 8.6% (+$6.15), closed at $77.8, rose 5 days in a row, the best % gain in nearly 3 months, also a 48-day high, rose 29% (+$17.5) for the week after a 4-week losing streak. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=9866.HK

● INNOVENT BIO (1801) spiked 8.1% (+$2.75) after a 4-day losing streak, closed at $36.7, the best % gain in 3 months, fell -2.5% (-$0.95) for the week, crossed above MA250 ($34.82).
360miq.com/stockinfo?code=1801.HK

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

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