Editor's Note:Review of Northbound and Southbound Capital FlowsThis column is dedicated to tracking the status of Northbound and Southbound capital flows, which serve as indicators of market trends, and analyzing the investment directions of 'smart money'.
The February performance of Hong Kong stocks has concluded, with Northbound capital exhibiting strong buying enthusiasm towards the end of the month. On February 27, the net purchase reached HKD 14.997 billion in a single day, including HKD 7.716 billion via Shanghai-Hong Kong Stock Connect and HKD 7.281 billion via Shenzhen-Hong Kong Stock Connect.
Since February, southbound capital has made a strong comeback with the posture of 'seizing pricing power,' initiating a 'shopping spree' mode. Notably, from February 4th to 6th and on the 13th, northbound capital recorded daily net purchases consistently above HKD 10 billion, with some trading days even surging to the HKD 20 billion level, reflecting an exceptionally robust inflow trend.
In terms of capital flows, domestic funds once again focused on increasing positions in Hong Kong ETFs,$CSOP Hang Seng TECH Index ETF (03033.HK)$、 $TRACKER FUND OF HONG KONG (02800.HK)$ with these instruments becoming the primary destinations for inflows, reflecting robust demand for allocating core Hong Kong stock assets.
Specifically, in February, Northbound funds made net purchases of$TENCENT (00700.HK)$、$CSOP Hang Seng TECH Index ETF (03033.HK)$、 $XIAOMI-W (01810.HK)$ HKD 21.633 billion, HKD 8.527 billion, and HKD 5.935 billion, ranking as the top three in terms of net buying amounts.
On the net selling side, Northbound funds divested$SMIC (00981.HK)$、$YOFC (06869.HK)$、 $KUAISHOU-W (01024.HK)$ HKD 1.717 billion, HKD 1.41 billion, and HKD 0.886 billion.
Stay informed about the movement of Northbound funds and keep up with the latest investment trends! Market > Shanghai-Hong Kong Stock Connect >Hong Kong Stock Connect (Southbound), come and experience it now >>
Editor/Rocky
