Editor's note:“North-South Water Refresher”The section is dedicated to tracking the status of North-South water capital, which is a trend vane in market conditions, and studying the direction of the “smart money” layout.
In April, Hong Kong stocks experienced a strong rebound. The Hang Seng Index recorded 7 consecutive gains, with a sharp increase of 7.39% during the month. The Hang Seng Technology Index rose 6.42%, both entering a technical bull market.
Southbound capital traded a total of HK$724.484 billion in April, which was basically the same as last month. The cumulative net inflow was HK$80.36 billion, a decrease of HK$5.612 billion compared to March, and the net inflow for the second month in a row exceeded HK$80 billion. In terms of medium- to long-term trends, since July 2023, the southbound capital has maintained a net inflow for 10 consecutive months, with a cumulative net purchase of HK$408.792 billion during this period.
By industry, the inflow of southbound capital to financial stocks accelerated markedly in April, and swept the market in a big way$BANK OF CHINA (03988.HK)$Over HK$10.5 billion, with separate increases in positions$HKEX (00388.HK)$,$CCB (00939.HK)$Nearly HK$2 billion, over HK$1.1 billion.
In addition, the inflow intensity of technology stocks and the energy sector has once again increased and returned to the forefront, with cumulative purchases$TENCENT (00700.HK)$,$XIAOMI-W (01810.HK)$,$KUAISHOU-W (01024.HK)$Approximately HK$5.3 billion, HK$1.7 billion and HK$900 million each; continued increase in positions$PETROCHINA (00857.HK)$,$CNOOC (00883.HK)$Over HK$1.6 billion and HK$1.5 billion respectively.
In terms of net outflows, although$MEITUAN-W (03690.HK)$The increase was over 13% this month, but it was still sold by Beishui for HK$4.1 billion; in addition,$HSBC HOLDINGS (00005.HK)$The holdings were reduced by more than HK$2.7 billion.
Editor/Somer