On July 24th, CM Port (0144.HK) bucked the trend and surged over 5%, now trading at HKD 12.12 with a total market value of HKD 50.8 billion. In terms of news, Southbound funds increased their shareholding of CM Port by 1.072 million shares yesterday, marking the fifth consecutive day of shareholding increase. As of the closing date, the Hong Kong Stock Connect holds a total of 245.9359 million shares in the company. In addition, some institutions believe that if the Red Sea conflict continues for a long time, it will be conducive to the shipping giants to increase the long-term contract price in 2025 and significantly repair the valuation.
港股异动丨北水持续加仓 招商局港口逆势涨超5%
Hong Kong stocks rose against the trend with China Mer Port's rise of more than 5%, as Northbound capital continued to increase holdings.
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