Northbound funds | Northbound Water transaction net purchase of 18.449 billion, mainland investors continue to grab Hong Kong stocks ETFs and science and technology stocks, selling chip stocks all day.
On March 13, the Hong Kong stock market saw a net purchase of 18.449 billion Hong Kong dollars by Northbound investors. Of this, the Shanghai-Hong Kong Stock Connect recorded a net purchase of 11.813 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect recorded a net purchase of 6.636 billion Hong Kong dollars.
On March 13th, the net inflow of funds from mainland China into the Hong Kong stock market was 18.449 billion Hong Kong dollars. Of this, the net inflow from the Shanghai-Hong Kong Stock Connect was 11.813 billion Hong Kong dollars, and the net inflow from the Shenzhen-Hong Kong Stock Connect was 6.636 billion Hong Kong dollars.
The stocks with the highest net inflow from mainland China include TRACKER FUND OF HONG KONG (02800), Hang Seng H-Share Index ETF (02828), and Tencent (00700). The stocks with the highest net outflow from mainland China include HUA HONG SEMI (01347), Semiconductor Manufacturing International Corporation (00981), and XXF (02473).
Active trading stocks in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect include ETFs such as TRACKER FUND OF HONG KONG (02800), Hang Seng H-Share Index ETF (02828), and CSOP Hang Seng TECH Index ETF (03033) which received net inflows. It is reported that the Hong Kong stock market continues to have a bullish foundation with relatively low valuations compared to other major stock markets globally.
Other notable transactions include Tencent (00700) receiving a net inflow of 1.063 billion Hong Kong dollars. Additionally, China National Offshore Oil Corporation (CNOOC) (00883) received a net inflow of 760 million Hong Kong dollars, and BRIGHT SMART (01428) received a net inflow of 357 million Hong Kong dollars.
However, some semiconductor stocks were sold off by mainland Chinese investors, with HUA HONG SEMI (01347) and Semiconductor Manufacturing International Corporation (00981) experiencing net outflows. Morgan Stanley noted that the demand for artificial intelligence is driving a sharp differentiation in the semiconductor industry.
Additionally, YOFC (06869) and Shandong Molong Petroleum Machinery (00568) received net inflows, while XXF (02473) experienced a net outflow.
Related Articles
SINOPEC SEG (02386) will distribute a final dividend of 0.104 yuan per share on July 17th.
At the end of February, the net asset value per share of Capital Realm (00204) was approximately 1.454 Hong Kong dollars.
On March 13th, MNSO (09896) spent $23.27 million to buy back 55,600 shares.
SINOPEC SEG (02386) will distribute a final dividend of 0.104 yuan per share on July 17th.
At the end of February, the net asset value per share of Capital Realm (00204) was approximately 1.454 Hong Kong dollars.
On March 13th, MNSO (09896) spent $23.27 million to buy back 55,600 shares.
