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HKEX Market Update 2023-02-16

360MiQ 0

HSI rebounded 0.8% (+176 pts) after a 4-day losing streak, closed at 20988 points.

Among the 150 largest-cap stocks, 89 (59%) closed higher. Despite HSI rising 0.8%, only 48% of all HKEX stocks rose with the index.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.2% to 1.6%. 3 sectors outperformed the market. The market was up 0.8%; Communication was up 1.6%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -1.2%, the worst performer.

● CHINA TELECOM (0728) largely rose 2.8% (+$0.11), closed at $4.01, rose 4 days in a row, hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=0728.HK

● LENOVO GROUP (0992) surged 7.2% (+$0.47), closed at $7.03, the best % gain in more than 16 months, also hit a YTD high, crossed above MA250 ($6.79). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=0992.HK

● BILIBILI (9626) largely rebounded 6.1% (+$10.5), closed at $182.4, crossed above MA250 ($176.38).
360miq.com/stockinfo?code=9626.HK

● JD (9618) spiked 5.2% (+$10.6) after a 4-day losing streak, closed at $212.6, the best % gain in more than 1 month.
360miq.com/stockinfo?code=9618.HK

● CHINAHONGQIAO (1378) largely fell -4.2% (-$0.35), closed at $7.99, fell 5 days in a row, a 24-day low, crossed below MA50 ($8.03).
360miq.com/stockinfo?code=1378.HK

● WUXI BIO (2269) plummeted -4.3% (-$2.6), closed at $57.85, fell 3 days in a row, hit a YTD low, crossed below MA250 ($60.23). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=2269.HK

● HUA HONG SEMI (1347) largely retreated -4.1% (-$1.3), closed at $30.55, crossed below MA20 ($31.21).
360miq.com/stockinfo?code=1347.HK

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

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