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Markets · Equity
Hong Kong Stock Connect: RMB 1.9 bln net outflow from Mainland China, top gainer electronics attracted RMB 2.4 bln
2020/08/03 01:43:08

Aug 03, 2020 (China Knowledge) - Last Friday, Shanghai Composite Index closed up 0.71% at 3310.01, and over at Shenzhen the main benchmark index rose 1.27%, both trading volumes totaled RMB 1.1 trln, up 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 129.1 bln, or 11.26% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 63.6 bln of A-shares, and short RMB 65.5 bln, resulting a net outflow of RMB 1.9 bln. Of all the qualified 1,378 A-shares on this program, there were 925 gainers, 390 losers, and 63 remained unchanged.

The top 10 most actively traded shares by value were: Kweichow Moutai (600519), Luxshare Precision Industry (002475), Gree Electric Appliances (000651), China Tourism Group Duty Free Corp. (601888), Ping An Insurance of China (601318), Jiangsu Hengrui Medicine (600276), Contemporary Amperex Technology (300750), Wuliangye Yibin (000858), East Money Information (300059), and Goertek Inc. (002241).

The 3 most popular sectors with the highest net investment via the Stock Connect program were electronics, electrical equipment and military, registering RMB 2.4 bln, RMB 771 mln and RMB 497 mln, respectively.

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