Capital Flows | Northbound Capital Increases Holdings of Dividend Stocks! Bought China Mobile for over 800 million, sold Meituan and Tencent
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Today, southbound funds net sold Hong Kong stocks worth HK$387 million.
Among them, net purchases were HK $ 845 million for China Mobile, HK $ 437 million for China National Offshore Oil Corporation , HK $ 369 million for China Construction Bank , and HK $ 52 million for Alibaba .
Net sales of Tracker Fund of HK$ 2.573 billion , Hang Seng China Enterprises of HK$ 1.635 billion , Meituan of HK$ 632 million, Tencent of HK $ 320 million , and SMIC of HK $ 147 million .
According to statistics, southbound funds have been net selling Meituan pakistan phone number list for five consecutive days, totaling HK$2.408 billion; net selling SMIC for three consecutive days, totaling HK$308.72 million; and net buying China Mobile for five consecutive days, totaling HK$2.29851 billion.
In the 61 trading days since its inclusion in the Hong Kong Stock Connect, southbound funds have made a net purchase of HK$82.3116 billion of Alibaba.
North Water Focus on Individual Stocks
China Mobile rose 1.08% today. BOC International believes that as stateowned enterprises and local governments gradually move their businesses to the cloud, the need to improve security and regulatory requirements will provide longterm support for the development of endtoend private cloud infrastructure services for telecom operators. At the same time, Chinese telecom stocks can provide attractive valuations and dividend returns, supporting their longterm performance. Therefore, it reiterates its "buy" rating on Chinese telecom stocks, with China Telecom as the first choice, followed by China Unicom and China Mobile.