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HKEX Market Update 2022-05-17

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HSI surged 3.3% (+653 pts), closed at 20603 points, rose 3 days in a row, crossed above MA20 (20399 pts).

Among the 150 largest-cap stocks, 129 (86%) closed higher. 69% of all HKEX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from 0.2% to 5.1%. 3 sectors outperformed the market. The market was up 2.9%; Technology was up 5.1%, the best performer, reflecting a more aggressive market sentiment; Utilities was up 0.2%, but already the worst performer.

● HKT (6823) largely fell -3.7% (-$0.42), closed at $10.84, the worst % loss in more than 25 months, crossed below MA20 and MA50 ($11.1, $10.88). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=6823.HK

● SENSETIME (0020) largely rebounded 6% (+$0.27), closed at $4.77, is testing MA20 ($4.78). The largest increase in volume.
360miq.com/stockinfo?code=0020.HK

● SUNNY OPTICAL (2382) soared 13.1% (+$13), closed at $112.2, rose 3 days in a row, the best % gain in 2 months, crossed above MA20 ($106.14). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=2382.HK

● GREATWALL MOTOR (2333) spiked 11.7% (+$1.34), closed at $12.78, rose 5 days in a row, a 25-day high, crossed above MA50 ($11.68).
360miq.com/stockinfo?code=2333.HK

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

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