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HKEX Market Update 2023-12-08

360MiQ 0

HSI slightly fell -0.07% (-11.6 pts), closed at 16334 points, fell -2.9% (-496 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 56 (37%) closed higher. 42% of all HKEX stocks ended higher.

In terms of sectors, 4 sectors closed up, 8 sectors closed down, ranging from -1.5% to 0.4%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.3%; Utilities was up 0.4%, but already the best performer, reflecting a decreasing risk appetite; Real Estate, Basic Materials were down -1.5%, the worst performers.

● RUSAL (0486) surged 4.4% (+$0.11) after a 3-day losing streak, closed at $2.6, the best % gain in more than 3 months, fell -0.4% (-$0.01) for the week, fell 2 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=0486.HK

● YADEA (1585) plummeted -11.1% (-$1.64), closed at $13.12, the worst % loss in more than 28 months, also hit a YTD low, fell -9.8% (-$1.42) for the week, fell 2 weeks in a row, crossed below MA50 ($14.56). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=1585.HK

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

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