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HKEX Market Update 2023-08-24

360MiQ 0

HSI largely rose 2.1% (+366 pts), closed at 18212 points, rose 3 days in a row.

Among the 150 largest-cap stocks, 124 (83%) closed higher. 66% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.3% to 3.1%. 6 sectors outperformed the market. The market was up 1.8%; Technology was up 3.1%, the best performer, reflecting an increasing risk appetite; Utilities was up 0.3%, but already the worst performer.

● FAST RETAIL-DRS (6288) rebounded 2.3% (+$0.4) after a 3-day losing streak, closed at $18. The largest increase in volume.
360miq.com/stockinfo?code=6288.HK

● INNOVENT BIO (1801) surged 12.7% (+$3.9) after a 5-day losing streak, closed at $34.65, the best % gain in 10 months, crossed above MA20, MA50 and MA250 ($32.42, $32.13, $34.38). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=1801.HK

● WUXI BIO (2269) spiked 8.5% (+$3.5), closed at $44.6, rose 3 days in a row, the best % gain in 5 months, crossed above MA20 and MA50 ($42.89, $41.24).
360miq.com/stockinfo?code=2269.HK

● TECHTRONIC IND (0669) largely fell -3.4% (-$2.7), closed at $76.4, a 50-day low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=0669.HK

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

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