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HKEX Market Update 2023-12-28

360MiQ 0

HSI largely rose 2.5% (+419 pts), closed at 17044 points, the best % gain in more than 1 month.

Among the 150 largest-cap stocks, 141 (94%) closed higher. 76% of all HKEX stocks ended higher, the most in more than 13 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.9% to 3.2%. 3 sectors outperformed the market. The market was up 2.4%; Consumer Cyclical, Healthcare were up 3.2%, the best performers, reflecting a more aggressive market sentiment; Energy was up 0.9%, but already the worst performer.

● YANKUANG ENERGY (1171) largely retreated -2.9% (-$0.44) after an 8-day winning streak, closed at $14.72, the worst % loss in more than 1 month. The worst performer but with average volume.
360miq.com/stockinfo?code=1171.HK

● TST PROPERTIES (0247) fell -1.2% (-$0.22), closed at $17.78, the worst % loss in nearly 2 months, also hit a YTD low, crossed below MA20 ($17.99). The largest increase in volume.
360miq.com/stockinfo?code=0247.HK

● GCL TECH (3800) spiked 9.7% (+$0.11), closed at $1.24, the best % gain in nearly 11 months, also a 28-day high, crossed above MA50 ($1.17). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=3800.HK

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

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