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HKEX Market Update 2023-11-29

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HSI largely fell -2.1% (-361 pts), closed at 16993 points, fell 4 days in a row, the worst % loss in more than 1 month, also a 25-day low.

Among the 150 largest-cap stocks, 23 (15%) closed higher. Only 25% of all HKEX stocks ended higher, the least for nearly 2 months.

In terms of sectors, all sectors were down with losses from -0.1% to -2.8%. 7 sectors outperformed the market. The market was down -1.6%; Energy was down -0.1%, but already the best performer; Real Estate was down -2.8%, the worst performer.

● FAST RETAIL-DRS (6288) soared 5.4% (+$1.04), closed at $20.2, the best % gain in more than 7 months, also a 70-day high. The best performer but with average volume.
360miq.com/stockinfo?code=6288.HK

● NEW ORIENTAL (9901) jumped 5% (+$2.95), closed at $61.7, rose 3 days in a row, the best % gain in 1 month, also hit a YTD high.
360miq.com/stockinfo?code=9901.HK

● MEITUAN (3690) tanked -12.2% (-$12.55), closed at $90.45, fell 4 days in a row, the worst % loss in 13 months, also hit a YTD low. The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=3690.HK

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

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