Zhitong Financial APP learned that on the Hong Kong stock market on July 6, there was a net sale of 3.565 billion in Beishui, including HK $2.256 billion in Hong Kong Stock Connect (Shanghai) and HK $1.309 billion in Hong Kong Stock Connect (Shenzhen).
The stocks that Beishuijing bought most were Huaneng International (00902), INNOVENT BIO (01801) and Xiexin Technology (03800). The stocks sold most by Beishui net are CNOOC (00883), Great Wall Motor (02333) and Li Ning Co. Ltd. (02331).
Hong Kong Stock Connect (Shanghai) Top Ten active Trading stocks
Hong Kong Stock Connect (Shenzhen) Top Ten active Trading stocks
Huaneng International (00902) received a net purchase of HK $193 million. On the news side, the China Power Union predicts that the power supply in some areas will be tight during the peak summer and winter, and the electricity consumption of the whole society is expected to grow by 5% and 6% in 2022. In addition, in the first five months of this year, the country's coal output reached 1.81 billion tons, an increase of 10.4 percent over the same period last year. The country's average daily output of raw coal exceeded 12 million tons, a record high, and the national coal market will continue to maintain a basic balance and slightly loose trend in summer.
INNOVENT BIO (01801) received a net purchase of HK $150 million. On the news, INNOVENT BIO announced that the State Drug Administration (NMPA) has formally approved the application for new indications for first-line treatment of unresectable locally advanced, recurrent or metastatic gastric and gastroesophageal junction adenocarcinoma (sNDA) with innovative drug PD-1 inhibitor Dabeshu (Xindelizumab injection) combined with fluorouracil and platinum-containing chemotherapy.
Xiexin Technology (03800) received another net purchase of HK $141 million. On the news side, the photovoltaic industry chain is repaired quickly after the epidemic, coupled with the surge in overseas demand, the industry as a whole maintains high growth; silicon as a rigid bottleneck, it takes away most of the excess profits under the terminal demand intensity exceeding expectations and short-term supply disturbance. Looking forward to the future, before the significant reversal of silicon supply and demand, silicon prices are likely to continue to rise slightly in the short term, so there is still a further upward possibility for silicon and its upstream industrial chain.
China Shenhua Energy (01088) received a net purchase of HK $45.03 million. On the news side, Societe Generale Securities reported that the peak season is coming as scheduled, daily consumption continues to rise, thermal coal prices operate smoothly, economic recovery continues to boost energy demand, daily consumption continues to rise downstream, and as inventories enter a downward cycle, coal prices will gain a new round of upward momentum. At the same time, international coal prices continue to rise, the amount of imported coal is decreasing, and global energy is still tight.
Auto stocks continue to show differentiation. Byd Company Limited (01211) received a net purchase of HK $42.57 million, Li Auto Inc.-W (02015) and Great Wall Motor (02333) received a net sale of HK $168 million and HK $286 million, respectively. On the news, the policy of halving the car purchase tax on some passenger cars implemented since June 1 has been a "full moon". The latest data from the State Administration of Taxation show that in the first month of the implementation of the new policy, a total of 7.1 billion yuan in car purchase tax and 1.097 million vehicles were reduced nationwide. In addition, according to the weekly report data reported by key enterprises, the China Association of Automobile Manufacturers estimates that in June 2022, sales in the automobile industry are expected to complete 2.447 million vehicles, an increase of 34.4% month-on-month and 20.9% year-on-year.
Sunny Optical (02382) received a net sale of HK $182 million. On the news side, open source securities said that in the short term, Sunny Optical mobile phone optical business is under pressure in terms of shipments, prices, and profit margins, and short-term performance revision pressure may not be fully digested by the market. Short-term profit margins of 2022Q2 mobile phone lens and module business are expected to fluctuate. In the short term, the competition pattern of the mobile phone optics industry is poor, but it has been seen that small and medium-sized manufacturers have high inventory and loss operating pressure. after the clearing of the mobile phone optics industry pattern is expected to bring Android optical business stabilization, with Apple Inc optical supply chain participation increased in 2023, mobile optics is expected to usher in a recovery in 2023.
CNOOC (00883) received a net sale of HK $291 million. On the face of the news, the market's concern about the US economic recession intensified, thus reducing the demand for oil. The settlement price of international crude oil futures fell overnight. WTI August crude oil futures closed down 8.24% at US $99.50 per barrel. Brent crude oil futures closed down 9.45% at US $102.77 per barrel, the biggest one-day decline since mid-March. It is reported that Citigroup Inc warned that if there is a recession that seriously affects demand, the price of crude oil could fall to $65 a barrel by the end of this year and further to $45 by the end of 2023.
In addition, Tencent (00700) and Li Ning Co. Ltd. (02331) received a net sale of HK $106 million and HK $246 million respectively.