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HKEX Market Update 2023-06-02

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HSI jumped 4% (+733 pts), closed at 18950 points, the best % gain in 3 months, rose 1.1% (+203 pts) for the week after a 3-week losing streak.

Among the 150 largest-cap stocks, 139 (93%) closed higher. 75% of all HKEX stocks ended higher, the most in 3 months, good for the market.

In terms of sectors, all sectors were up with gains from 1.3% to 5.4%. 5 sectors outperformed the market. The market was up 3.7%; Consumer Cyclical, Real Estate were up 5.4%, the best performers, reflecting an increasing risk appetite; Utilities was up 1.3%, but already the worst performer.

● MOG DIGITECH (1942) largely retreated -5.3% (-$3.05) after a 5-day winning streak, closed at $55, rose 52.8% (+$19) for the week after a 3-week losing streak. The worst performer today but with average volume.
360miq.com/stockinfo?code=1942.HK

● JD HEALTH (6618) largely rose 2.7% (+$1.3), closed at $50, rose 4.4% (+$2.1) for the week after a 4-week losing streak. The largest increase in volume today.
360miq.com/stockinfo?code=6618.HK

● LONGFOR GROUP (0960) largely rebounded 18.1% (+$2.62) after a 7-day losing streak, closed at $17.12, the best % gain in more than 5 months, rose 8.9% (+$1.4) for the week after a 3-week losing streak. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=0960.HK

● COUNTRY GARDEN (2007) largely rebounded 8.6% (+$0.12), closed at $1.52, the best % gain in more than 1 month, rose 2% (+$0.03) for the week after a 3-week losing streak.
360miq.com/stockinfo?code=2007.HK

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

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