Markets· Equity

Hong Kong Stock Connect: RMB 6.3 bln net outflow from Mainland China, top gainer non-bank finance attracted RMB 1.4 bln

minutes 2020/07/31 01:40:28

Jul 31, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed down 0.23% at 3286.82, and over at Shenzhen the main benchmark index declined 0.67%, 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 118.6 bln, or 10.85% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 56.2 bln of A-shares, and short RMB 62.5 bln, resulting a net outflow of RMB 6.3 bln. Of all the qualified 1,378 A-shares on this program, there were 469 gainers, 875 losers, and 34 remained unchanged.

The top 10 most actively traded shares by value were: Gree Electric Appliances (000651), China Tourism Group Duty Free Corp. (601888), Kweichow Moutai (600519), Longi Green Energy Technology (601012), East Money Information (300059), Ping An Insurance of China (601318), Chongqing Zhifei Biological Products (300122), Contemporary Amperex Technology (300750), Inner Mongolia Yili Industrial Group (600887), and Luxshare Precision Industry (002475).

The 3 most popular sectors with the highest net investment via the Stock Connect program were non-bank finance, construction materials and banking, registering RMB 1.4 bln, RMB 561 mln and RMB 191 mln, respectively.

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