According to the news obtained by the Wise Finance app, on July 22, the Hong Kong stock market had a net purchase of 3.692 billion Hong Kong dollars by Northbound funds, of which the net purchase of the Shanghai-Hong Kong Stock Connect was 2.39 billion Hong Kong dollars, and the net purchase of the Shenzhen-Hong Kong Stock Connect was 1.302 billion Hong Kong dollars.

The stocks with the most net purchases by Northbound funds are Tracker Fund of Hong Kong (02800), Tencent (00700), and CSOP Hang Seng Tech Index ETF (03033). The stocks with the most net sales by Northbound funds are CNOOC Limited (00883).

Active trading stocks for Hong Kong stock connect (Shanghai).

Active trading stocks for Hong Kong stock connect (Shenzhen).

Tracker Fund of Hong Kong (02800) and CSOP Hang Seng Tech Index ETF (03033) received a net purchase of 1.286 billion and 277 million Hong Kong dollars respectively. In terms of news, Guotai Junan Securities pointed out that with the increase in the possibility of Trump's election, the expected volatility at the policy level has decreased, and the landing of important domestic conferences and the clear direction and strength of policy support have reduced the market's uncertainty about molecular end. After the pessimistic expectation was digested more fully in the early stage, the upward space of Hong Kong stocks is expected to open up. Guoyuan International pointed out that because the current valuation of Hong Kong stocks is still relatively low, they are particularly sensitive to changes in the external environment, especially changes in the Fed's interest rate, so Hong Kong stocks may have better investment opportunities in the second half of the year than in the first half of the year.

Tencent (00700) received a net purchase of 1.01 billion Hong Kong dollars. In terms of news, Morgan Stanley released a research report stating that the bank expected the company's second-quarter revenue and adjusted operating profits to increase by 7% and 25% year-on-year, respectively. With the success of the mobile game 'DNF', they are bullish on the prospects of domestic gaming business, as well as advertising growth should remain strong, and gross margin should continue to expand. Moreover, Tencent's buyback quantity in the second quarter is more than twice the amount of Prosus's shares sold, with the goal of repurchasing more than 100 billion yuan by 2024 within reach.

Sunny Optical (02382) received a net purchase of 0.173 billion Hong Kong dollars. In terms of news, Sunny Optical has announced its performance forecast, expecting a net profit of approximately 1.048 billion Yuan to 1.092 billion Yuan attributable to shareholders of the Company for the six months ended June 30, 2024, representing an increase of approximately 1.4 to 1.5 times compared with that for the same period last year, far higher than the market expectation of 0.859 billion Yuan. Credit Suisse said that the company's net profit for the first half of the year exceeded expectations, mainly due to the increase in shipments, as well as the recovery of average prices and gross margin. The bank expects that Sunny Optical's smartphone lens and smartphone lens module shipments will increase by 9% and 5% respectively throughout the year, and if the group's market share in Apple or Huawei increases, smartphone lens shipments may have a higher opportunity.

China Mobile (00941) and China United Network Communications (00762) received a net purchase of 0.159 billion and 15.85 million Hong Kong dollars respectively. In terms of news, JP Morgan released a research report reiterating an 'overweight' rating on the three major telecommunications stocks. The bank is bullish on the dividend yield of China Mobile being 7%, the annual compound growth rate of dividends being 7%, its high defensive capabilities in a volatile market, and its potential for catch-up compared to China Telecom and Unicom whose share prices have outperformed China Mobile's. The bank expects weak second-quarter revenue from telecommunications stocks but steady profitability.

China Construction Bank Corporation (00939) received a net purchase of 0.158 billion Hong Kong dollars. According to a message on the People's Bank of China's website, the central bank updated the table of LPRs for PBOC MLF loans. Starting from July 22, 2024, the overnight, 7-day, and 1-month LPRs for PBOC MLF loans are adjusted to 2.55%, 2.70%, and 3.05%, respectively, which are 10 basis points lower than before. Citigroup also said that it prefers H shares of China Construction Bank Corporation which provide high dividend yields and anticipates the potential upside space under the reduction of dividend tax for southbound investors.

CNOOC Limited (00883) suffered a net sale of 30.15 million Hong Kong dollars. In terms of news, the easing expectations of geopolitical crises and the strengthening of the US dollar have led to a significant decline in international oil prices, with Brent falling to around $82 per barrel and WTI breaking through the $80 per barrel mark. According to GF Futures, if a potential ceasefire agreement is successfully reached between Israel and Hamas, it will reduce the threat of the Middle East region to global crude oil supply and lower the risk premium of crude oil. In addition, strong US economic data push up the US Dollar Index, making oil priced in dollars more expensive for holders of other currencies and suppressing demand expectations.

In addition, Semiconductor Manufacturing International Corporation (00981) and SenseTime-W (00020) received a net purchase of 99.02 million and 33.16 million Hong Kong dollars respectively.