For two consecutive weeks, Xiaomi Group has made large purchases of funds to buy at low prices.
This week, the main stock indices in the Hong Kong stock market have shown mixed movements. The Hang Seng Index has accumulated a 1.26% increase, while the Hang Seng TECH Index has dropped by 0.42% and the Hang Seng China Enterprises Index has risen by 1.41%. According to data from Securities Times, the total net inflow of funds from the southbound trading link this week amounted to 24.773 billion Hong Kong dollars, a decrease of 35.95% compared to the previous week, marking the 26th consecutive week of net inflows.
Looking at the list of the top ten most active stocks for each day this week, a total of 17 stocks were listed, with Alibaba-W having the highest total trading volume through the Hong Kong Stock Connect this week, reaching 48.919 billion Hong Kong dollars. The total trading volumes of SMIC and Tencent Holdings through the Stock Connect both exceeded 20 billion Hong Kong dollars. In terms of net buying amounts, large-cap tech stocks received mixed attention from southbound funds this week, with Xiaomi Group-W receiving the highest net buying amount of 4.332 billion Hong Kong dollars, holding the top spot for two consecutive weeks. Since September 26, the trend of Xiaomi Group-W has dropped significantly, with a cumulative decline of nearly 30%. Tencent Holdings received a net buying amount of 858 million Hong Kong dollars from southbound funds this week. Alibaba-W and Meituan-W experienced net selling by southbound funds, with net selling amounts of 24.79 billion Hong Kong dollars and 1.92 billion Hong Kong dollars respectively.
In terms of changes in shareholding, 15 stocks saw a more than 10% increase in shareholding from southbound funds this week, with Greenland Aluminum Industry International leading the way with a 43.34% increase. Rui Pulan Jun, Bolton Group, and Shanghai Auntie also saw significant increases in shareholding, with increases of 42.9%, 37.47%, and 19.66% respectively.
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