Which stocks have received continuous inflows from the Southbound capital of approximately HKD 731.7 billion this month? How did china mobile's stock perform with over HKD 10.9 billion inflow this month?
On June 28th, Cailian Press reported that Southbound funds had a cumulative turnover of HKD 731.733 billion in June, down about 30% from May due to the weak Hong Kong stock market. However, this month's net inflow of Southbound funds reached HKD 87.646 billion, an increase of about HKD 17.4 billion from May. In terms of trends, Southbound funds have maintained continuous inflows in the first six months of this year, with a cumulative inflow of HKD 371.437 billion, three times the total inflow of HKD 123.552 billion during the same period last year. In the long-term trend, since July 2023, Southbound funds have maintained a net inflow for 12 consecutive months, with a cumulative net purchase of HKD 566.723 billion in this period. In terms of short-term levels, as the Hang Seng Index fluctuated downwards in June, market sentiment gradually turned cold, and the intensity of net inflows of Southbound funds also weakened significantly. From a sectoral perspective, the financial sector has been the preferred choice for fund inflows for four consecutive months, with an additional investment of HKD 25.775 billion. In addition, this month, funds have regained interest in high-dividend and high-yield sectors such as energy and telecommunications, and bought in HKD 17.74 billion and HKD 11.819 billion respectively. The technology sector also gained recognition from funds again due to the large-scale repurchases of leading Internet companies such as Tencent and Meituan. With regard to individual stocks, in the past month as of June 28th, Southbound funds had a significant net inflow, including China Mobile (00941.HK) HKD 10.974 billion, Tencent (00700.HK) HKD 6.559 billion, CNOOC (00883.HK) HKD 4.917 billion, Bank of China (03988.HK) HKD 4.669 billion, China Construction Bank (00939.HK) HKD 4.639 billion, and ICBC (01398.HK) HKD 3.591 billion. The significant net outflows include Kuaishou-W (01024.HK) HKD 0.689 billion, HKEX (00388.HK) HKD 0.575 billion, and Bilibili (09626.HK) HKD 0.424 billion.
However, the net inflow of Southbound funds this month was HKD 8.7646 billion, an increase of about HKD 1.74 billion from May.
In terms of trends, Southbound funds have maintained continuous inflows in the first six months of this year, with a cumulative inflow of HKD 371.437 billion, three times the total inflow of HKD 123.552 billion during the same period last year.
In the long-term trend, since July 2023, Southbound funds have maintained a net inflow for 12 consecutive months, with a cumulative net purchase of HKD 566.723 billion in this period.
In terms of short-term levels, as the Hang Seng Index fluctuated downwards in June, market sentiment gradually turned cold, and the intensity of net inflows of Southbound funds also weakened significantly.
From a sectoral perspective, the financial sector has been the preferred choice for fund inflows for four consecutive months, with an additional investment of HKD 25.775 billion.
In addition, this month, funds have regained interest in high-dividend and high-yield sectors such as energy and telecommunications, and bought in HKD 17.74 billion and HKD 11.819 billion respectively.
The technology sector also gained recognition from funds again due to the large-scale repurchases of leading Internet companies such as Tencent and Meituan.
Regarding individual stocks, as of June 28th, there has been an inflow of southbound funds in the past month.
Significant net inflows include China Mobile (00941.HK) HKD 10.974 billion; Tencent (00700.HK) HKD 6.559 billion; CNOOC (00883.HK) HKD 4.917 billion; Bank of China (03988.HK) HKD 4.669 billion; China Construction Bank (00939.HK) HKD 4.639 billion; and ICBC (01398.HK) HKD 3.591 billion.
Significant net outflows include Kuaishou-W (01024.HK) HKD 0.689 billion; HKEX (00388.HK) HKD 0.575 billion; and Bilibili (09626.HK) HKD 0.424 billion.
Investment highlights
China Mobile rose 5.91% this month, and short-term funds flowed in mainly. The stock was added 6.29 million shares in the first five days.
Tencent rose 3.50% this month, and short-term funds continued to flow in. The stock was added 1.99 million shares in the first five days.
CNOOC rose 10.67% this month, and short-term funds showed a signal of outflow. The stock was added 15.38 million shares in the first five days.
Bank of China rose 4.05% this month, and short-term funds continued to flow in. The stock was added 174 million shares in the first five days.
ICBC rose 4.98% this month, and short-term funds accelerated their inflows. The stock was added 261 million shares in the first five days.
China Construction Bank rose 4.15% this month, and short-term funds accelerated their inflows. The stock was added 335 million shares in the first five days.
Kuaishou-W fell 16.77% this month, and short-term funds continued to flow out. The stock was reduced by 7.45 million shares in the first five days.
HKEX fell 4.79% this month, and short-term funds continued to flow out. The stock was reduced by 1.33 million shares in the first five days.
Bilibili rose 14.12% this month, and short-term funds continued to flow out. The stock was reduced by 2.02 million shares in the first five days.
On June 28th, southbound funds traded 33.318 billion Hong Kong dollars, with a net inflow of 3.662 billion Hong Kong dollars on that day. Among them, the net inflow of Shanghai-Hong Kong stock connect was 1.427 billion Hong Kong dollars, and the net inflow of Shenzhen-Hong Kong stock connect was 2.235 billion Hong Kong dollars.
According to exchange data, as of June 28th, southbound funds:
Significant net inflows: China Mobile (00941.HK) 1.262 billion Hong Kong dollars; Industrial and Commercial Bank of China (01398.HK) 476 million Hong Kong dollars; China Construction Bank Corporation (00939.HK) 474 million Hong Kong dollars; China United Network Communications (00762.HK) 145 million Hong Kong dollars.
Significant net outflows: China Shenhua Energy (01088.HK) 109 million Hong Kong dollars; Meituan-W (03690.HK) 60 million Hong Kong dollars; CNOOC (00883.HK) 26 million Hong Kong dollars; Xiaomi Corporation-W (01810.HK) 34 million Hong Kong dollars.
China United Network Communications rose by 3.61% today, with short-term funds mainly flowing in. It increased its holdings by 9.88 million shares in the previous five days.
China Shenhua Energy rose by 2.28% today, with short-term funds showing outflow signals. It increased its holdings by 9.93 million shares in the previous five days.
Meituan-W fell by 2.29% today, with short-term funds mainly flowing out. It reduced its holdings by 340,000 shares in the previous five days.
Xiaomi Corporation-W fell by 0.36% today, with short-term funds still mainly flowing in. It increased its holdings by 2.58 million shares in the previous five days.
