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HKEX Market Update 2023-08-22

360MiQ 0

HSI rebounded 1% (+168 pts) after a 7-day losing streak, closed at 17791 points.

Among the 150 largest-cap stocks, 110 (73%) closed higher. 61% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.3% to 2.2%. 5 sectors outperformed the market. The market was up 0.9%; Technology was up 2.2%, the best performer; Real Estate, Consumer Defensive were up 0.3%, but already the worst performers.

● CHINA UNICOM (0762) largely rebounded 2.7% (+$0.15) after a 4-day losing streak, closed at $5.61, crossed above MA20 and MA50 ($5.6, $5.46). The largest increase in volume.
360miq.com/stockinfo?code=0762.HK

● MNSO (9896) jumped 7.3% (+$2.85) after a 3-day losing streak, closed at $42.05, hit a record high, crossed above MA20 ($40.29). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=9896.HK

● BYD ELECTRONIC (0285) soared 6.9% (+$2.1), closed at $32.4, the best % gain in more than 2 months, also hit a YTD high.
360miq.com/stockinfo?code=0285.HK

● YADEA (1585) largely fell -4.2% (-$0.66), closed at $14.92, fell 9 days in a row, a 152-day low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=1585.HK

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

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