{"ticker": {"uuid": "940ecdbb-87a8-4010-b331-f73f667f00f0", "symbol": "0388", "name": "Hong Kong Exchanges and Clearing Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "0388 closed the latest completed week at 380.6 HKD. The 4-week return is -8.6% and the 12-week return is -3.9%. Trend Signal is inactive, Market Dynamics is -0.25.", "description": "Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, as well as through the Shanghai-Hong Kong and the Shenzhen-Hong Kong stock connects; clearing, settlement and custodian, listing, depository, and nominee services; and other related activities. Its Equity and Financial Derivatives segment provides and maintains trading and clearing platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, callable bull/bear contracts and warrants, and over the counter derivatives contracts. The Commodities segment operates an exchange for the trading of base and ferrous metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in Mainland China. This segment also covers commodities contracts traded on Futures Exchange. Its Data and Connectivity segment offers various services that provides access to the platform and infrastructure, as well as services of BayConnect Technology Company Limited; network, terminal user, data line and software sublicense, and hosting services; and sells market data relating to the Hong Kong cash and derivatives markets. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited was incorporated in 1999 and is based in Central, Hong Kong.", "setup_signature": "Risk-first tape", "composite_score": "34", "kpis": [{"label": "Latest Close", "value": "380.6 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-4.0%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-8.6%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-3.9%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "44.2%", "hint": "23 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.7x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Financial Services", "industry": "Financial Data & Stock Exchanges", "currency": "HKD", "market_cap": "505.9B"}, "price": {"trend_line": "406.2 HKD", "fair_value": "319.3 HKD", "vs_trend": "-6.3%", "vs_fair_value": "19.2%", "high_52": "453.0 HKD", "low_52": "369.0 HKD", "drawdown": "-16.0%", "range_position": "13.8%"}, "momentum": {"returns": [{"label": "1W", "value": -3.985869888787129, "value_label": "-4.0%", "tone": "negative", "width": 11.38819968224894}, {"label": "4W", "value": -8.59749964357588, "value_label": "-8.6%", "tone": "negative", "width": 24.564284695931086}, {"label": "12W", "value": -3.8888873737373717, "value_label": "-3.9%", "tone": "negative", "width": 11.111106782106777}, {"label": "26W", "value": -3.7702105278437164, "value_label": "-3.8%", "tone": "negative", "width": 10.772030079553476}, {"label": "52W", "value": -5.263624384325261, "value_label": "-5.3%", "tone": "negative", "width": 15.038926812357886}], "trend_streak": 0, "active_weeks": 23, "active_breadth": "44.2%", "peer": {"scope": "HK Financial Services", "count": 204, "rank": 145, "percentile": 29.064039408866993, "avg_weekly_return": -0.742161055592106}}, "setup": {"scores": [{"label": "Trend", "value": 24.326923076923077, "value_label": "24", "width": 24.326923076923077, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 26.725752183411842, "value_label": "27", "width": 26.725752183411842, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 25.034483631238803, "value_label": "25", "width": 25.034483631238803, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 73.36864626272207, "value_label": "73", "width": 73.36864626272207, "tone": "positive", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 56.938083151871126, "value_label": "57", "width": 56.938083151871126, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 2.7464454889230425, "return_label": "2.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 22.887045741025354}, {"week": "6 Mar", "return": -0.954656596885068, "return_label": "-1.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.9554716407089}, {"week": "13 Mar", "return": -1.739278684778029, "return_label": "-1.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.49398903981691}, {"week": "20 Mar", "return": -1.3452900051612837, "return_label": "-1.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 11.210750043010698}, {"week": "27 Mar", "return": -1.414142929292931, "return_label": "-1.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.784524410774425}, {"week": "3 Apr", "return": 1.4344277884389536, "return_label": "1.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.953564903657947}, {"week": "10 Apr", "return": 3.131311616161614, "return_label": "3.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 26.09426346801345}, {"week": "17 Apr", "return": 0.04897453548934558, "return_label": "0.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": 0.7342143798206405, "return_label": "0.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 6.118453165172005}, {"week": "1 May", "return": 0.19436054138443934, "return_label": "0.2%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": 2.861304115343906, "return_label": "2.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 23.844200961199217}, {"week": "15 May", "return": -1.838759495367488, "return_label": "-1.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 15.322995794729067}, {"week": "22 May", "return": -1.7291023303905182, "return_label": "-1.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 14.409186086587653}, {"week": "29 May", "return": -2.297170998127935, "return_label": "-2.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 19.143091651066126}, {"week": "5 Jun", "return": -0.8504237373814009, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 7.086864478178341}, {"week": "12 Jun", "return": -3.985869888787129, "return_label": "-4.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 33.215582406559406}]}, 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"trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 40816, "symbol": "1141", "name": "CMBC Capital Holdings Limited", "exchange": "HKG", "url": "/terminal/3bb47d5e-57df-47e0-a55c-43c0f50faa71/report/", "weekly_return": 22.173913043478272, "weekly_return_label": "22.2%", "weekly_return_tone": "positive", "four_week_return": 15.163934426229513, "four_week_return_label": "15.2%", "four_week_return_tone": "positive", "twelve_week_return": 88.59060402684564, "twelve_week_return_label": "88.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43047, "symbol": "3660", "name": "Qfin Holdings, Inc.", "exchange": "HKG", "url": "/terminal/8abd83ff-e25d-466a-a02f-c744b88356fb/report/", "weekly_return": -0.33956026011679985, "weekly_return_label": "-0.3%", "weekly_return_tone": "negative", "four_week_return": 14.536587317073172, "four_week_return_label": "14.5%", "four_week_return_tone": "positive", "twelve_week_return": 13.676287392163184, "twelve_week_return_label": "13.7%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}, "industry": {"scope": "HK Financial Data & Stock Exchanges", "count": 2, "avg_weekly_return": -5.553306461421427, "avg_four_week_return": -16.98531698596704, "avg_twelve_week_return": -21.3321987889095, "trend_breadth": 0.0, "positive_md_breadth": 0.0, "positive_rs_breadth": 0.0, "week_rank": 1, "four_week_rank": 1, "twelve_week_rank": 1, "top_peers": [{"id": 39717, "symbol": "0388", "name": "Hong Kong Exchanges and Clearing Limited", "exchange": "HKG", "url": "/terminal/940ecdbb-87a8-4010-b331-f73f667f00f0/report/", "weekly_return": -3.985869888787129, "weekly_return_label": "-4.0%", "weekly_return_tone": "negative", "four_week_return": -8.59749964357588, "four_week_return_label": "-8.6%", "four_week_return_tone": "negative", "twelve_week_return": -3.8888873737373717, "twelve_week_return_label": 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"ratio_52": "1.6x"}, "risk": {"volatility_13": "2.0%", "volatility_52": "2.7%", "downside_weeks": 25, "upside_weeks": 27, "downside_breadth": "48.1%", "average_gain": "2.0%", "average_loss": "-2.4%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-6.3%", "tone": "negative"}, {"label": "Volume", "value": "1.7x", "tone": "positive"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model.", "Volume is elevated versus the 13-week average, confirming attention."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup.", "Latest weekly return ranks in the weaker part of its sector group."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "380.6 HKD", "weekly_return": -3.985869888787129, "weekly_return_label": "-4.0%", "weekly_return_tone": "negative", "trend_line": "406.2 HKD", "fair_value": "319.3 HKD", "market_dynamics": "-0.25", "relative_strength": "-4.08", "volume": "36.9M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "396.4 HKD", "weekly_return": -0.8504237373814009, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "trend_line": "407.4 HKD", "fair_value": "318.7 HKD", "market_dynamics": "0.12", "relative_strength": "-1.24", "volume": "21.1M", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "399.8 HKD", "weekly_return": -2.297170998127935, "weekly_return_label": "-2.3%", "weekly_return_tone": "negative", "trend_line": "408.3 HKD", "fair_value": "318.0 HKD", 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