Markets· Equity

Hong Kong Stock Connect: RMB 1.4 bln net outflow from Mainland China, top gainer media attracted RMB 1 bln

minutes 2020/06/30 01:22:22

Jun 30, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed down 0.61% at 2961.52, and over at Shenzhen the main benchmark index declined 0.52%, both trading volumes totaled RMB 716.3 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 82.2 bln, or 11.48% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 40.4 bln of A-shares, and short RMB 41.8 bln, resulting a net outflow of RMB 1.4 bln. Of all the qualified 1,378 A-shares on this program, there were 449 gainers, 898 losers, and 31 remained unchanged.

The top 10 most actively traded shares by value were: Kweichow Moutai (600519), East Money Information (300059), Wuliangye Yibin (000858), Jiangsu Hengrui Medicine (600276), Muyuan Foods (002714), Ping An Insurance of China (601318), Longi Green Energy Technology (601012), Boe Technology Group (000725), Midea Group (000333), and China International Travel Service (601888).

The 3 most popular sectors with the highest net investment via the Stock Connect program were media, electrical equipment and electronics, registering RMB 1 bln, RMB 688 mln and RMB 537 mln, respectively.

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