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HKEX Market Update 2023-08-16

360MiQ 0

HSI fell -1.4% (-252 pts), closed at 18329 points, fell 4 days in a row, a 51-day low.

Among the 150 largest-cap stocks, 30 (20%) closed higher. Only 31% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.3% to -1.7%. 6 sectors outperformed the market. The market was down -1.2%; Real Estate was down -0.3%, but already the best performer; Industrials was down -1.7%, the worst performer.

● MOG DIGITECH (1942) jumped 27.5% (+$21.15), closed at $98.1, rose 3 days in a row, the best % gain in more than 3 months, also hit a record high, crossed above MA20 and MA50 ($90.49, $84.29). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=1942.HK

● SITC (1308) largely retreated -11.6% (-$1.94), closed at $14.84, the worst % loss in nearly 8 months, also a 26-day low, crossed below MA20, MA50 and MA250 ($16.29, $15.2, $15.11). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=1308.HK

● RUSAL (0486) largely retreated -8.6% (-$0.25), closed at $2.65, the worst % loss in more than 1 month, also hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=0486.HK

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

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