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Markets · Equity
Hong Kong Stock Connect: RMB 3.7 bln net inflow into Mainland China, top gainer electronics attracted RMB 2 bln
2020/05/20 01:32:39

May 20, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed up 0.81% at 2898.58, and over at Shenzhen the main benchmark index rose 1.21%, both trading volumes totaled RMB 641.5 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 59.9 bln, or 9.34% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 31.8 bln of A-shares, and short RMB 28.1 bln, resulting a net inflow of RMB 3.7 bln. Of all the qualified 1,285 A-shares on this program, there were 893 gainers, 320 losers, and 72 remained unchanged.

The top 10 most actively traded shares by value were: Kweichow Moutai (600519), Gree Electric Appliances (000651), Wuliangye Yibin (000858), Jiangsu Hengrui Medicine (600276), Luxshare Precision Industry (002475), Midea Group (000333), Shenzhen Mindray Bio-Medical Electronics (300760), Goertek Inc. (002241), China International Travel Service (601888), and Muyuan Foods (002714).

The 3 most popular sectors with the highest net investment via the Stock Connect program were electronics, IT hardware and software and health care, registering RMB 2 bln, RMB 2 bln and RMB 983 mln, respectively.

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