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HKEX Market Update 2022-10-28

360MiQ 0

HSI plummeted -3.7% (-565 pts), closed at 14863 points, hit a YTD low, fell -8.3% (-1348 pts) for the week, fell 3 weeks in a row.

Among the 150 largest-cap stocks, 8 (5%) closed higher. Only 19% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -1.6% to -5.6%. 5 sectors outperformed the market. The market was down -3.7%; Energy was down -1.6%, but already the best performer; Consumer Cyclical was down -5.6%, the worst performer.

● KOOLEARN (1797) largely rose 3.2% (+$1.25), closed at $40.35, rose 4 days in a row, hit a YTD high, rose 12.1% (+$4.35) for the week, rose 2 weeks in a row. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=1797.HK

● CHINA POWER (2380) plunged -6.6% (-$0.17), closed at $2.42, hit a YTD low, fell -20.7% (-$0.63) for the week after a 2-week winning streak. The largest increase in volume today.
360miq.com/stockinfo?code=2380.HK

● XPENG (9868) sank -14.9% (-$4.55), closed at $26, the worst % loss in more than 7 months, also hit a record low, fell -17.1% (-$5.35) for the week, fell 11 weeks in a row. The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=9868.HK

● CHINA RES POWER (0836) plunged -9.9% (-$1.26), closed at $11.52, the worst % loss in more than 7 months, also hit a YTD low, fell -18.8% (-$2.66) for the week after a 3-week winning streak.
360miq.com/stockinfo?code=0836.HK

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

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