Markets· Equity

Hong Kong Stock Connect: RMB 1.6 bln net outflow from Mainland China, top gainer food & beverage attracted RMB 1.6 bln

minutes 2020/10/15 02:17:10

Oct 15, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed down 0.56% at 3340.78, and over at Shenzhen the main benchmark index declined 0.78%, both trading volumes totaled RMB 827.6 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 117 bln, or 14.14% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 57.7 bln of A-shares, and short RMB 59.3 bln, resulting a net outflow of RMB 1.6 bln. Of all the qualified 1,381 A-shares on this program, there were 347 gainers, 994 losers, and 40 remained unchanged.

The top 10 most actively traded shares by value were: Gree Electric Appliances (000651), Wuliangye Yibin (000858), Longi Green Energy Technology (601012), Contemporary Amperex Technology (300750), Luxshare Precision Industry (002475), China Tourism Group Duty Free Corp. (601888), Ping An Insurance of China (601318), Kweichow Moutai (600519), Muyuan Foods (002714), and Jiangsu Yanghe Brewery (002304).

The 3 most popular sectors with the highest net investment via the Stock Connect program were food & beverage, home appliance and chemicals, registering RMB 1.6 bln, RMB 1.3 bln and RMB 421 mln, respectively.

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