Southbound funds net bought old gold shops and Bubble Mart on Thursday.

On Thursday, as Hong Kong new consumer stocks fell, southbound funds took the opportunity to buy. Data shows that on Thursday, southbound funds net bought about HK$2.4 billion in Lao Pu Gold and HK$1.4 billion in Bubble Mart. Southbound funds overall net bought about HK$7.4 billion in Hong Kong stocks on the same day. Among the actively traded southbound stocks, Meituan had the highest net purchase amount, about HK$10.75 billion, followed by BYD, Lao Pu Gold, Zhongan Online, and Bubble Mart. Southbound funds net sold Xiaomi Group, Tencent Holdings, and others.