alibaba-W(09988.HK) spent $59.99 million to buy back 5.777 million shares on November 22.
Gelonghui November 25th | alibaba-SW (09988.HK) announced that on November 22nd, it spent 59.99 million US dollars to repurchase 5.777 million shares.
Interpretation: The southbound funds reduce their holdings of Meituan by more than 1.5 billion Hong Kong dollars.
Today, the southbound funds net bought Hong Kong stocks worth 1.202 billion Hong Kong dollars. Among them: net purchases of alibaba 0.852 billion, china mobile 0.334 billion, ping an insurance 0.216 billion, fourth paradigm 0.125 billion; net sales of Meituan 1.541 billion, semiconductor manufacturing international corporation 0.267 billion, Xiaopeng autos 0.23 billion, Kuaishou 0.191 billion. According to statistics, since being included in the Stock Connect for 46 trading days, the southbound funds have cumulatively net purchased alibaba 71.38226 billion Hong Kong dollars. (According to Gelo Hong Kong Exchange)
Trump's tariffs are worrying! NRF: Could shrink usa consumers' spending power by $78 billion annually
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