BEIJING, Feb. 8 (Xinhua) -- A weak rally of China's A-share market in the first five trading days of February attracted large capital influx from northbound trading investors, reported Securities Times Monday.
Last week, northbound trading, which refers to trading of stocks listed on Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) from the Hong Kong stock exchange under the Stock Connect program between the Chinese mainland and Hong Kong, contributed a net capital inflow of 25.326 billion yuan into the A-share market.
Via the Shanghai-Hong Kong stock connect program, northbound trading produced a net capital influx of 7.497 billion yuan and 17.829 billion yuan of net capital flows were generated via the Shenzhen-Hong Kong stock connect program from February 1 to 5.
The newspaper said that investors added holdings of stocks of 22 industries through northbound trading last week, mainly including agriculture, computer, textile, and electronic equipment.
They held in total 1.018 billion stocks of firm engaged in agriculture, forestry, animal husbandry and fishing last week, up 5.04 percent from the week during January 25 to 31.
What's noteworthy, northbound trading investors added holdings of automobile stocks for nine weeks in a row, owning 3.064 billion stocks, which grew 5.98 percent as compared with their inventories nine weeks before.
What's more, clean energy also became a favored sector for northbound trading investors. They actively traded stocks of companies in new energy vehicles, PV, hydropower industries recently on back of China's carbon neutrality pledge.
For stocks of sectors such as mining, electronics and steel, they reduced their holdings last week. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
