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HKEX Market Update 2023-09-29

360MiQ 0

HSI largely rebounded 2.5% (+437 pts), closed at 17810 points, the best % gain in 2 months, fell -1.4% (-247 pts) for the week, fell 4 weeks in a row, fell -3.1% (-572 pts) for the month.

Among the 150 largest-cap stocks, 131 (87%) closed higher. 67% of all HKEX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from 0.2% to 3.3%. 5 sectors outperformed the market. The market was up 2.1%; Real Estate was up 3.3%, the best performer; Energy was up 0.2%, but already the worst performer.

● BEIGENE (6160) largely fell -4.2% (-$4.7), closed at $107.6, a 61-day low, fell -6.3% (-$7.2) for the week, fell 2 weeks in a row, fell -15.4% (-$19.6) for the month. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=6160.HK

● ALI HEALTH (0241) largely rebounded 10.7% (+$0.47) after a 4-day losing streak, closed at $4.88, the best % gain in nearly 9 months, also a 29-day high, rose 4.1% (+$0.19) for the week, rose 3 weeks in a row, rose 5.4% (+$0.25) for the month, crossed above MA20 ($4.64). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=0241.HK

● NIO (9866) soared 9.7% (+$6.35), closed at $71.8, the best % gain in 2 months, rose 4.9% (+$3.35) for the week, fell -14.3% (-$11.95) for the month.
360miq.com/stockinfo?code=9866.HK

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

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