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HKEX Market Update 2023-05-31

360MiQ 0

HSI largely fell -1.9% (-362 pts), closed at 18234 points, hit a YTD low, fell -8.3% (-1661 pts) for the month.

Among the 150 largest-cap stocks, 20 (13%) closed higher. Only 28% of all HKEX stocks ended higher.

In terms of sectors, all sectors were down with losses from -1.1% to -4.1%. 6 sectors outperformed the market. The market was down -1.8%; Utilities was down -1.1%, but already the best performer, reflecting a decreasing risk appetite; Energy was down -4.1%, the worst performer.

● MOG DIGITECH (1942) jumped 14.4% (+$6.8), closed at $54, rose 4 days in a row, hit a record high, rose 86.2% (+$25) for the month. The best performer today but with average volume.
360miq.com/stockinfo?code=1942.HK

● JD LOGISTICS (2618) largely rose 3.3% (+$0.4), closed at $12.52, rose 3 days in a row, rose 2.6% (+$0.32) for the month, crossed above MA20 ($12.49). The largest increase in volume today.
360miq.com/stockinfo?code=2618.HK

● YANKUANG ENERGY (1171) tanked -9.2% (-$2.01), closed at $19.84, fell 8 days in a row, the worst % loss in 7 months, also hit a YTD low, fell -26.1% (-$7.01) for the month. The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=1171.HK

● BEKE (2423) largely retreated -8.3% (-$3.35), closed at $36.9, the worst % loss in more than 5 months, also hit a YTD low, fell -10% (-$4.1) for the month.
360miq.com/stockinfo?code=2423.HK

● ZTO EXPRESS (2057) plummeted -7.2% (-$15.3), closed at $197.9, fell 8 days in a row, the worst % loss in 7 months, also a 50-day low, fell -7.9% (-$16.9) for the month, crossed below MA250 ($201.16).
360miq.com/stockinfo?code=2057.HK

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

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