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HKEX Market Update 2023-02-01

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HSI rose 1.1% (+230 pts), closed at 22072 points.

Among the 150 largest-cap stocks, 123 (82%) closed higher. 72% of all HKEX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 4%. 5 sectors outperformed the market. The market was up 1.6%; Technology was up 4%, the best performer, reflecting an increasing risk appetite; Financial remained unchanged, but already the worst performer.

● GCL TECH (3800) jumped 11.6% (+$0.25) after a 3-day losing streak, closed at $2.41, the best % gain in 2 months, also a 38-day high. The best performer with the largest increase in volume.
360miq.com/stockinfo?code=3800.HK

● XPENG (9868) soared 9% (+$3.6), closed at $43.65.
360miq.com/stockinfo?code=9868.HK

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