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 May, the cumulative net inflow of capital to the south was HK$70.289 billion, a decrease of about HK$10 billion compared to April. In terms of trend, the net inflow of capital to the south remained continuous in the first 5 months of this year, with a cumulative inflow of HK$283.79 billion, more than double that of HK$129.4 billion in the same period last year.
By industry, in May, Southbound Capital continued to make heavy purchases in the financial sector, mainly bank stocks, making large purchases$BANK OF CHINA (03988.HK)$Nearly HK$12 billion, with separate increases in positions$CCB (00939.HK)$,$ICBC (01398.HK)$,$ABC (01288.HK)$Over HK$3.4 billion, HK$1.9 billion, and HK$1.1 billion.
Furthermore, there were differences in capital in Science Network stocks in May, and Beishui continued to increase its holdings$TENCENT (00700.HK)$Nearly HK$1.8 billion, but sold off sharply$MEITUAN-W (03690.HK)$Over HK$5 billion, sold$KUAISHOU-W (01024.HK)$Nearly HK$2.1 billion, a slight reduction in positions$Bilibili (BILI.US)$Over HK$300 million.
Editor/Somer