Hong Kong Stock Connect: RMB 0.3 bln net outflow from Mainland China, top gainer banking attracted RMB 1.2 bln
Oct 16, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed down 0.26% at 3332.18, and over at Shenzhen the main benchmark index declined 0.48%, both trading volumes totaled RMB 764 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 85.7 bln, or 11.22% of the Mainland exchanges’ total trading.
Through the stock connect program investors from Hong Kong long RMB 42.7 bln of A-shares, and short RMB 43 bln, resulting a net outflow of RMB 0.3 bln. Of all the qualified 1,381 A-shares on this program, there were 389 gainers, 937 losers, and 55 remained unchanged.
The top 10 most actively traded shares by value were: Gree Electric Appliances (000651), Wuliangye Yibin (000858), Kweichow Moutai (600519), China Merchants Bank (600036), Ping An Insurance of China (601318), Longi Green Energy Technology (601012), BYD (002594), Contemporary Amperex Technology (300750), Shenzhen Mindray Bio-Medical Electronics (300760), and Jiangsu Hengrui Medicine (600276).
The 3 most popular sectors with the highest net investment via the Stock Connect program were banking, home appliance and electrical equipment, registering RMB 1.2 bln, RMB 1.1 bln and RMB 998 mln, respectively.
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