(Original title: Southbound funds bought more than 1 billion net on March 21: Replenishment of WuXi Biologics’ reduction of holdings in Xiaopeng Motors and Dongfang Selection)
News from the Financial Associated Press on March 21 (edited by Ma Yijie)According to Wind data, the transaction volume of southbound funds on that day was 28.969 billion Hong Kong dollars, with a net purchase of 1.014 billion Hong Kong dollars. Among them, the net purchase of Shanghai-Hong Kong Stock Connect was 759 million Hong Kong dollars, and the net purchase of Shenzhen-Hong Kong Stock Connect was 255 million Hong Kong dollars.
According to exchange data, southbound funds on March 21:
Substantial net purchases: Tencent Holdings (00700.HK) HK$1.246 billion; WuXi Biologics (02269.HK) HK$415 million; Meituan-W (03690.HK) HK$204 million; SMIC (00981.HK) 8278 million Hong Kong dollars.
Substantial net sales: Xiaopeng Motors-W (9868.HK) HK$155 million; Oriental Selection (01797.HK) HK$40.22 million
Investment points:
Tencent Holdings rose 2.63% today.Southbound funds have increased their holdings of Tencent for 12 consecutive trading days, with a cumulative net purchase of 8.2 billion Hong Kong dollars.
WuXi Biologics rose 8.86% today.Southbound funds have sold WuXi Biologics many times before, and WuXi Biologics once ranked among the top five in the reduction list, and today they have substantially covered their positions.
Meituan 0.93% today.Southbound funds have continued to increase their holdings of Meituan, with a cumulative increase of about 5.7 million shares in the five trading days as of March 20.
SMIC rose 0.54% today.As of March 20, southbound funds have increased their holdings of SMIC for 7 consecutive days, with a cumulative increase of 53.7 million shares in the past 20 trading days.
Xiaopeng Motors rose 11.03% today.On the news, the Hong Kong Stock Exchange disclosed that JPMorgan Chase reduced its holdings of 13.87 million shares of Xiaopeng Motors on March 14, or about 435 million Hong Kong dollars.
Oriental Selection rose 9.05% today.Southbound funds have flowed out of Dongfang Selection in the short term, and on March 20, they reduced their holdings by about 2.86 million shares.
