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HKEX Market Update 2023-07-11

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HSI rose 1% (+180 pts), closed at 18660 points.

Among the 150 largest-cap stocks, 108 (72%) closed higher. 62% of all HKEX stocks ended higher.

In terms of sectors, all sectors were up with gains from 0.3% to 2.6%. only 2 sectors outperformed the market. Boosting by Consumer Cyclical and Industrials, The market was up 1.1%; Consumer Cyclical was up 2.6%, the best performer, reflecting a more aggressive market sentiment; Utilities, Financial were up 0.3%, but already the worst performers.

● CHINA POWER (2380) surged 5.1% (+$0.15), closed at $3.11, the best % gain in 6 months, also a 39-day high. The largest increase in volume.
360miq.com/stockinfo?code=2380.HK

● NIO (9866) jumped 11.8% (+$9.05), closed at $85.75, the best % gain in more than 5 months, also a 101-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=9866.HK

● LENOVO GROUP (0992) plummeted -4.5% (-$0.38), closed at $8.07, the worst % loss in more than 1 month, crossed below MA20 ($8.28). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=0992.HK

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

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