Markets· Equity

Hong Kong Stock Connect: RMB 2.7 bln net outflow from Mainland China, top gainer media attracted RMB 552 mln

minutes 2020/10/23 01:31:05

Oct 23, 2020 (China Knowledge) - Yesterday Shanghai Composite Index closed down 0.38% at 3312.5, and over at Shenzhen the main benchmark index declined 0.53%, both trading volumes totaled RMB 663.7 bln, down 21.07% from the previous trading day. The turnover value transacted via the Hong Kong Stock Connect amounted to RMB 76.4 bln, or 11.51% of the Mainland exchanges’ total trading.

Through the stock connect program investors from Hong Kong long RMB 36.8 bln of A-shares, and short RMB 39.6 bln, resulting a net outflow of RMB 2.7 bln. Of all the qualified 1,381 A-shares on this program, there were 451 gainers, 879 losers, and 51 remained unchanged.

The top 10 most actively traded shares by value were: Wuliangye Yibin (000858), Jiangsu Yanghe Brewery (002304), Kweichow Moutai (600519), Longi Green Energy Technology (601012), Ping An Insurance of China (601318), China Pacific Insurance (Group) (601601), China Tourism Group Duty Free Corp. (601888), Ping An Bank (000001), Gree Electric Appliances (000651), and China Merchants Bank (600036).

The 3 most popular sectors with the highest net investment via the Stock Connect program were media, non-bank finance and leisure service, registering RMB 552 mln, RMB 350 mln and RMB 270 mln, respectively.

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