Markets· Equity

Hong Kong Stock Connect: RMB 1.3 bln net outflow from Mainland China, top gainer electronics attracted RMB 320 mln

minutes 2020/09/28 01:54:32

Sep 28, 2020 (China Knowledge) - Last Friday, Shanghai Composite Index closed down 0.12% at 3219.42, and over at Shenzhen the main benchmark index declined 0.02%, both trading volumes totaled RMB 569.4 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 70.3 bln, or 12.34% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 34.5 bln of A-shares, and short RMB 35.8 bln, resulting a net outflow of RMB 1.3 bln. Of all the qualified 1,379 A-shares on this program, there were 543 gainers, 770 losers, and 66 remained unchanged.

The top 10 most actively traded shares by value were: Kweichow Moutai (600519), Ping An Insurance of China (601318), Wuliangye Yibin (000858), China Yangtze Power (600900), China Tourism Group Duty Free Corp. (601888), Longi Green Energy Technology (601012), Luxshare Precision Industry (002475), Muyuan Foods (002714), BYD (002594), and East Money Information (300059).

The 3 most popular sectors with the highest net investment via the Stock Connect program were electronics, automobile and machinery equipment, registering RMB 320 mln, RMB 280 mln and RMB 280 mln, respectively.

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