Southbound capital net buys HK$28.99 billion, extending streak to 14 days
Southbound capital via the Hong Kong Stock Connect recorded a net purchase of HK$28.99 billion on September 24, marking the 14th consecutive day of net buying. The Hang Seng Index fell 0.29% to close at 24,761.13 points. Total turnover reached HK$630.01 billion. Tencent Holdings led net purchases on the Shanghai Connect with HK$6.50 billion, while Kingboard Laminates saw the largest net sell on the Shenzhen Connect.
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Hong Kong Stock Connect Sees Net Inflow of 29 Billion Hong Kong Dollars
On September 24, the Hang Seng Index fell 0.29% to close at 24,761.13 points. Southbound capital via the Hong Kong Stock Connect recorded a net purchase of 29.00 billion Hong Kong dollars for the day, according to data from Securities Times. The total turnover of the Stock Connect was 630.00 billion Hong Kong dollars. The Shanghai-Hong Kong Stock Connect saw a net buy of 30.99 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect recorded a net sell of 1.99 billion Hong Kong dollars. Among active stocks on the Shanghai Connect, Tencent Holdings had the highest net buy at 6.50 billion Hong Kong dollars, with its stock closing down 0.59%. Semiconductor Manufacturing International Corporation (SMIC) saw the largest net sell on the Shanghai Connect at 0.75 billion Hong Kong dollars, closing flat. On the Shenzhen Connect, the Southern Hang Seng Tech ETF had the highest net buy at 5.56 billion Hong Kong dollars, closing down 0.19%. Kingsir Bioscience recorded the largest net sell on the Shenzhen Connect at 2.79 billion Hong Kong dollars, closing down 4.84%.
Read sourceHong Kong Stock Connect Sees Net Inflow of HK$2.9 Billion on September 24
On September 24, the Hang Seng Index fell 0.29% to close at 24,761.13 points. Southbound capital via the Hong Kong Stock Connect recorded a net purchase of HK$2.9 billion, with total turnover reaching HK$63 billion. The Shanghai Connect contributed a net buy of HK$3.099 billion, while the Shenzhen Connect saw a net sell of HK$199 million. Among active stocks on the Shanghai Connect, Tencent Holdings led net purchases with HK$650 million, despite its stock falling 0.59%. SMIC was the top net sell at HK$75 million, closing flat. On the Shenzhen Connect, Southern Hang Seng Tech ETF was the top net buy at HK$556 million, while Kingsley Biotech was the top net sell at HK$279 million, with its stock falling 4.84%. Other notable active stocks included Zhipu, Kingboard Laminates, and Alibaba-W. The data was compiled by Securities Times.
Read sourceSouthbound Capital Net Buys HK$28.99 Billion, Extending Streak to 14 Days
On September 24, southbound capital (funds flowing from mainland China into Hong Kong stocks) recorded a net purchase of HK$28.99 billion, marking the 14th consecutive day of net buying, according to data from Securities Times. The total turnover for southbound trading reached HK$630.01 billion, with purchases totaling HK$329.50 billion and sales at HK$300.51 billion. The Hang Seng Index fell 0.29% on the same day. The Shanghai-Hong Kong Stock Connect saw a net buy of HK$30.98 billion, while the Shenzhen-Hong Kong Stock Connect recorded a net sell of HK$1.99 billion. The article, sourced from stockstar_securities_news, presents factual trading data and does not include opinions or forecasts.
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Southbound Funds Net Buy 3.45 Billion HKD, Add Tencent, Sell Kingboard Laminates
Data shows that southbound capital through the Stock Connect programs recorded a net purchase of approximately 3.449 billion Hong Kong dollars on the trading day, with total turnover of about 82.139 billion HKD, down sharply by about 28.7 billion HKD from the previous day. This turnover accounted for 44.57% of the Hang Seng Index's total turnover. The Hang Seng Index adjusted again, closing below the 25,000-point level. Southbound capital has been net inflow for 13 consecutive trading days, accumulating a total net purchase of about 52.327 billion HKD. In terms of individual stocks, Tencent Holdings (00700.HK) saw a large net buy of 2.035 billion HKD, while Xiaomi Corporation (01810.HK) had a net buy of 457 million HKD. Major net outflows included Kingboard Laminates (01888.HK) with a net sell of 2.168 billion HKD, Zhipu (02513.HK) with 300 million HKD, SMIC (00981.HK) with 331 million HKD, and Alibaba Group (09988.HK) with 241 million HKD. The article also provides investment points noting recent price movements and fund flow trends for these stocks, such as Tencent falling 2.35% with short-term trend unclear, and Kingboard Laminates rising 11.68% but with slowing short-term inflows.
Read sourceHong Kong Stock Connect Sees Net Inflow of 34.49 Billion HKD on September 23
On September 23, the Hang Seng Index fell 1.01% to close at 24,834.12 points, while southbound capital via the Hong Kong Stock Connect recorded a net purchase of 34.49 billion HKD, according to data from Securities Times. The total turnover of the Stock Connect reached 821.39 billion HKD. The Shanghai-Hong Kong Stock Connect saw a net buy of 44.23 billion HKD, while the Shenzhen-Hong Kong Stock Connect recorded a net sell of 9.75 billion HKD. Among active stocks, Zhipu (02513) had the highest turnover on both channels, with a net buy of 9.36 billion HKD on the Shanghai side but a net sell of 12.37 billion HKD on the Shenzhen side; its stock price fell 12.40%. Tencent Holdings (00700) saw a net buy of 16.69 billion HKD on the Shenzhen side, with its stock down 2.35%. Kingboard Laminates (01888) recorded the largest net sell of 14.86 billion HKD on the Shanghai side, while its stock rose 11.68%. Other notable stocks included Alibaba-W, Changfei Optical Fiber, and Xiaomi Group.
Southbound Funds Net Buy 34.5 Billion HKD, Add Tencent, Sell Kingboard Laminates
On the day, southbound capital through the Stock Connect programs recorded a net buy of approximately 34.49 billion HKD, marking the 13th consecutive day of net inflows, totaling about 523.27 billion HKD. Total turnover was about 821.39 billion HKD, down sharply by about 287 billion HKD from the previous day, accounting for 44.57% of the Hang Seng Index's total turnover. The Hang Seng Index fell below 25,000 points. Major net buys included Tencent Holdings (00700.HK) at 20.35 billion HKD and Xiaomi (01810.HK) at 4.57 billion HKD. Major net sells included Kingboard Laminates (01888.HK) at 21.68 billion HKD, Zhipu (02513.HK) at 3 billion HKD, SMIC (00981.HK) at 3.31 billion HKD, and Alibaba (09988.HK) at 2.41 billion HKD. The article notes that Tencent fell 2.35% with funds reducing holdings by 89,000 shares over the past five days, indicating an unclear short-term trend. Xiaomi fell 3.75% with funds reducing holdings by 15.64 million shares over five days, still mainly outflowing. Kingboard Laminates rose 11.68% with funds adding 5.72 million shares over five days, but inflows are slowing. Zhipu fell 12.40% with funds adding 8.84 million shares over five days, still in an inflow trend. SMIC fell 0.78% with funds adding 13.63 million shares over five days, mainly returning. Alibaba fell 4.36% with funds reducing holdings by 21.10 million shares over five days, turning to an outflow trend again.
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