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HKEX Market Update 2023-07-10

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HSI rose 0.6% (+114 pts) after a 3-day losing streak, closed at 18480 points.

Among the 150 largest-cap stocks, 81 (54%) closed higher. 55% of all HKEX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.4% to 1.5%. only 2 sectors outperformed the market. The market was up 0.5%; Consumer Cyclical was up 1.5%, the best performer; Real Estate was down -0.4%, but already the worst performer.

● NEW ORIENTAL (9901) spiked 6.8% (+$2.1) after a 3-day losing streak, closed at $32.9, the best % gain in 1 month, crossed above MA20 and MA50 ($31.51, $31.63). The best performer but with average volume.
360miq.com/stockinfo?code=9901.HK

● ABC (1288) plummeted -8.4% (-$0.24), closed at $2.61, fell 5 days in a row, the worst % loss in 2.5 years, also hit a YTD low, crossed below MA250 ($2.71). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=1288.HK

● ENN ENERGY (2688) largely rebounded 6.4% (+$5.45) after a 4-day losing streak, closed at $90.25, the best % gain in more than 6 months.
360miq.com/stockinfo?code=2688.HK

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

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