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HKEX Market Update 2022-03-08

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HSI fell -1.4% (-292 pts), closed at 20766 points, fell 3 days in a row, hit a YTD low.

Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 23% of all HKEX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -5.5% to 0.5%. 3 sectors outperformed the market, the market internal was more negative. The market was down -2.2%; Utilities was up 0.5%, the best performer, reflecting a more risk-averse market; Basic Materials was down -5.5%, the worst performer.

● CSPC PHARMA (1093) largely rebounded 3.9% (+$0.33), closed at $8.75, the best % gain in 1 month. The best performer with a significant increase in volume.
360miq.com/stockinfo?code=1093.HK

● XPENG (9868) tumbled -12.9% (-$14.6), closed at $98.6, fell 5 days in a row, hit a record low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=9868.HK

● SMOORE INTL (6969) sank -11.9% (-$2.8), closed at $20.7, fell 5 days in a row, the worst % loss in nearly 6 months, also hit a record low.
360miq.com/stockinfo?code=6969.HK

● TINGYI (0322) tanked -8.4% (-$1.34), closed at $14.56, fell 3 days in a row, the worst % loss in nearly 2 years, also hit a YTD low, crossed below MA250 ($14.66).
360miq.com/stockinfo?code=0322.HK

● HUAZHU (1179) plunged -7.4% (-$2.2), closed at $27.45, fell 3 days in a row, a 30-day low. The largest increase in volume.
360miq.com/stockinfo?code=1179.HK

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

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