Southbound capital net buys HK stocks for fifth straight week; Tencent gets nearly HK$1.7 billion
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According to a report by Securities Times Data Treasure on September 27, southbound funds recorded a net buy of 23.113 billion HKD for the week of September 21-25, marking the fifth consecutive week of net inflows. During this period, 18 stocks appeared on the active trading list. Tencent Holdings had the highest total turnover on the Hong Kong Stock Connect, reaching 28.69 billion HKD, followed by Zhipu with 21.141 billion HKD. Other stocks with turnover exceeding 10 billion HKD included Alibaba-W, Yangtze Optical Fibre and Cable, and Kingboard Laminates. In terms of net buying, Tencent Holdings received a net inflow of 1.695 billion HKD from southbound funds. The report indicates that southbound funds focused on buying internet technology giants, with Alibaba-W net bought 1.24 billion HKD and Xiaomi Group-W net bought 64 million HKD. Conversely, Kingboard Laminates and Kingboard Group saw net selling of 1.618 billion HKD and 352 million HKD, respectively. Regarding shareholding changes, 15 stocks saw a sequential increase of over 10% in southbound fund holdings (excluding stocks newly added to the Stock Connect in September). Tianshu Zhixin led with a 217.19% increase, followed by Health 160, Dajin Heavy Industry, and Jin Fang Yi Yao-B with increases of 121.38%, 30.21%, and 26.36%, respectively.
Source report
September 27 (People's Financial News) — According to data from Securities Times · DataBao, southbound capital recorded a net purchase of HK$23.113 billion in total trading during the week of September 21 to 25, marking the fifth consecutive week of net buying amid a market pullback.
Active Stocks on the Connect Trading List
A total of 18 stocks appeared on the weekly list of active stocks traded via the Stock Connect program. Among them:
- Tencent Holdings recorded the highest total buy and sell turnover through the Hong Kong Stock Connect, reaching HK$28.69 billion.
- Zhipu followed with HK$21.141 billion.
- Other stocks with total turnover exceeding HK$10 billion included Alibaba-W, Yangtze Optical Fibre and Cable, and KB Laminates.
Net Buying and Selling Highlights
In terms of net purchase amounts:
- Tencent Holdings saw a net inflow of HK$1.695 billion from southbound capital.
- Southbound funds primarily bought into internet technology giants this week:
- Alibaba-W recorded a net purchase of HK$1.24 billion.
- Xiaomi Group-W saw a net purchase of HK$64 million.
- On the selling side:
- KB Laminates recorded a net sell of HK$1.618 billion.
- KB Group saw a net sell of HK$352 million.
Shareholding Changes
In terms of changes in shareholding volume, 15 stocks saw a month-on-month increase of over 10% in southbound capital holdings (excluding stocks newly added to the Hong Kong Stock Connect in September):
- Days Intelligence ranked first, with a month-on-month increase of 217.19%.
- Other notable increases included:
- Health 160: up 121.38%
- Dajin Heavy Industry: up 30.21%
- Jingfang Pharmaceutical-B: up 26.36%
Source: Securities Times Online
Source
东方财富网-港股聚焦Eastern
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Southbound Capital Buys for Fifth Week; Tencent Gets Net Inflow of HK$1.695 Billion