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Southbound Funds Record Net Purchases of Xiaomi, CNOOC, and Hua Hong Semiconductor Stocks
2 day ago /
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Author：小编
On November 7, southbound funds (referring to the capital flowing from mainland China to the Hong Kong stock market) made net purchases of Hong Kong stocks valued at HK$7.523 billion. Specifically, Xiaomi Corporation-W witnessed net purchases amounting to HK$967 million, China National Offshore Oil Corporation (CNOOC) saw net purchases of HK$764 million, and Hua Hong Semiconductor recorded net purchases of HK$606 million. On the flip side, Tencent Holdings encountered net sales of HK$472 million, while Alibaba Group-W experienced net sales of HK$361 million. Notably, southbound funds have been net buyers of Xiaomi Corporation-W for eight consecutive days, with the cumulative total reaching HK$5.195 billion.
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