A list of Hong Kong stocks with the highest week-on-week increase in southbound funds holdings.
This week, the main stock indices in the Hong Kong stock market collectively fell, with the Hang Seng Index dropping by 1.37% and the Hang Seng TECH Index falling by 1.45%. According to Securities Times Data, the total net sales of Southbound funds this week amounted to 13.501 billion Hong Kong dollars. Looking at the list of active stocks traded this week, a total of 21 stocks made it to the list. SMIC topped the list with the highest total trading volume on the Hong Kong Stock Connect this week, reaching 50.943 billion Hong Kong dollars, followed closely by Tencent Holdings at 32.364 billion Hong Kong dollars. Other companies such as Alibaba-W, Hua Hong Semiconductor, Fiberhome Fiber Optics, CNOOC, and Lanqi Technology also had total trading volumes on the Hong Kong Stock Connect this week exceeding 10 billion Hong Kong dollars. In terms of net buying amount, SMIC received a net inflow of 6.832 billion Hong Kong dollars from Southbound funds, while this week Southbound funds mainly sold shares of internet giants, with Alibaba-W seeing a net outflow of 3.909 billion Hong Kong dollars and Tencent Holdings and Xiaomi Corporation-W facing net outflows of 1.617 billion Hong Kong dollars and 0.355 billion Hong Kong dollars respectively. In terms of changes in shareholding, 12 stocks saw a month-on-month increase in Southbound fund shareholding exceeding 15%, with PacBio leading at an increase of 426.75%. Other companies such as AstraZeneca, Sinovac Biotech-B, and Lanqi Technology also had significant increases in shareholdings, with increases of 110.78%, 59.62%, and 46.67%, respectively.
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