Northbound investors sold over 0.9 billion Hong Kong dollars of China Mobile, while southbound investors increased their holdings in home appliance stocks against the trend.
Track the latest trends of north-south directional funds.
Northbound funds| Net buying of 8.773 billion yuan, domestic funds rushing to buy tracker fund of Hong Kong (02800) for over 6 billion Hong Kong dollars, selling high dividend stocks all day.
On July 26th, the Hong Kong stock market had a net purchase of HKD 8.773 billion in Beishui, including a net purchase of HKD 4.881 billion in the Hong Kong Stock Connect (Shanghai) and a net purchase of HKD 3.892 billion in the Hong Kong Stock Connect (Shenzhen).
Chinese telecommunications and financial stocks are under pressure, and the Hang Seng Index is struggling to stay above the 17,000 mark.
On Thursday, the offshore RMB/USD exchange rate rose to around 7.2000, the strongest in two and a half months. After the Hong Kong stock market fell by 630 points in three days, it rebounded by more than 200 points this morning before falling back, eventually rising 28 points or 0.17% to 17,033 points for the half-day; the national index fell 4 points or 0.1% to 6,012 points; the Hang Seng Tech Index rose 22 points or 0.7% to 3,443 points. The technology index remained stable in the afternoon, with the best performing stock being Haier Smart Home (06690), up 5.7%. The central government's policy of subsidizing old-for-new appliances continues to stimulate home appliance stocks, such as JD.com (09618).
Hong Kong stock concept tracking: The launch ceremony of the first batch of G60 networked satellites will be held in Taiyuan on August 5th. There are huge industrial opportunities for commercial satellites (attached concept stocks).
According to the plan, the first phase will launch 1,296 satellites (by 2027), and in the future, it will build a network of more than 0.014 million low-orbit wideband multimedia satellites.
HK stocks fluctuate | Telecommunication sector has been declining for two consecutive days, high dividend style is significantly pulling back, institutions state that the disturbance of the central bank on the yield curve affects the logic of high dividen
Telecommunication sector has been continuously declining for two days. As of publication, China United Network Communications (00762) fell by 5.19%, closing at HKD 6.76; China Telecom (00728) fell by 3.64%, closing at HKD 4.5; China Mobile (00941) fell by 2.41%, closing at HKD 72.95.
Hong Kong stocks are volatile. Telecommunication sector fell collectively while the central bank's actions disrupted the yield curve. Institutions believe that this will have a certain impact on high dividend investments.
Today, the telecommunication sector experienced a collective decline. As of press time, China United Network Communications (00762) fell 3.75% to HKD 7.18; China Telecom (00728) fell 2.92% to HKD 4.66; China Mobile (00941) fell 0.79% to HKD 74.9.
