Soochow Securities published a report indicating that last week (November 3 to 7), the Hang Seng Tech Index fell by 1.2%, while the Hang Seng Index rose by 1.3%, and the Hang Seng Stock Connect Index increased by 0.9%. In terms of sectors, the energy sector led the gains. Southbound funds primarily flowed into the financial sector, with major outflows from the information technology sector.
The brokerage listed the top ten net purchases and net sales of Hong Kong stocks by southbound funds last week:
1) Top ten net buy names for Hong Kong stocks by Southbound funds
Stock | Net Inflow Amount
Xiaomi Group-W (01810.HK)│3.53 billion yuan
CNOOC (00883.HK)│3.464 billion yuan
Meituan-W (03690.HK)│2.323 billion yuan
ICBC (01398.HK)│2.017 billion yuan
China Mobile (00941.HK)│1.801 billion yuan
CCB (00939.HK)│1.679 billion yuan
Akeso, Inc. (09926.HK) │ RMB 1.543 billion
China Merchants Bank (03968.HK) │ RMB 1.43 billion
Qingdao Bank (03866.HK) │ RMB 985 million
Bank of China (03988.HK) │ RMB 961 million
2) Southbound funds: Top ten net outflows in Hong Kong stocks
Stock│Net Outflow Amount
SMIC (00981.HK) │ -RMB 2.811 billion
Tencent (00700.HK) │ -RMB 1.748 billion
Hua Hong Semiconductor (01347.HK) │ -RMB 943 million
ZTE Corporation (00763.HK) │ -RMB 765 million
Sunny Optical (02382.HK) │ -RMB 6.76 billion
Yangtze Optical Fibre and Cable (06869.HK) │ -RMB 6.63 billion
Ubtech Robotics (09880.HK) │ -RMB 4.46 billion
Alibaba-W (09998.HK) │ -RMB 4.23 billion
Huaneng Power International (00902.HK) │ -RMB 4.12 billion
JF Investment Holdings (09636.HK) │ -RMB 4.05 billion
