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HKEX Market Update 2023-08-29

360MiQ 0

HSI largely rose 1.9% (+353 pts), closed at 18484 points.

Among the 150 largest-cap stocks, 135 (90%) closed higher. 69% of all HKEX stocks ended higher, the most in 1 month, good for the market.

In terms of sectors, all sectors were up with gains from 1% to 3%. 4 sectors outperformed the market. The market was up 1.8%; Real Estate was up 3%, the best performer; Consumer Defensive was up 1%, but already the worst performer.

● TME (1698) soared 8% (+$2.05), closed at $27.6, the best % gain in more than 3 months, also a 24-day high, crossed above MA50 ($27.37). The largest increase in volume.
360miq.com/stockinfo?code=1698.HK

● CHINA FEIHE (6186) spiked 8.1% (+$0.36), closed at $4.81, rose 6 days in a row, the best % gain in more than 7 months, crossed above MA20 and MA50 ($4.59, $4.52). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=6186.HK

● SMIC (0981) surged 7% (+$1.24), closed at $19.04, the best % gain in more than 4 months, crossed above MA20 and MA250 ($18.07, $18.19).
360miq.com/stockinfo?code=0981.HK

● EAST BUY (1797) largely retreated -8.5% (-$3.85) after a 3-day winning streak, closed at $41.55, the worst % loss in more than 4 months. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=1797.HK

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

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