Citizens walk past a billboard advertising the Shanghai-Hong Kong Stock Connect, in south China's Hong Kong. (Xinhua/Lui Siu Wai)
BEIJING, July 8 (Xinhua) -- Northbound capital contributed on Thursday 554 million yuan of net capital influx into China's A-share market, reported Securities Times on Friday.
Northbound capital holders ended Thursday with 864 million yuan of net buys through the Shenzhen-Hong Kong stock connect program and 310 million yuan of net selling via the Shanghai-Hong Kong stock connect program.
Their daily turnover reached 102.193 billion yuan, accounting for 9.76 percent of the total turnover on China's A-share market, with trading activity down 13.30 percent from the previous day.
By market capitalization (market cap), the top five industries for A-shares held by them by Thursday were electronic equipment, food and beverage, pharmaceuticals, banking and chemical sectors. Holdings of stocks for the five industries took up 52.57 percent of the gross market cap of their A-share holdings on Thursday.
Compared with 20 trading days ago, northbound capital holders increased their holdings of stocks in sectors such as agriculture, forestry, animal husbandry and fishery as a whole, communication and non-banking finance, with the rises in corresponding market cap by Thursday at 17.36 percent, 7.79 percent and 6.87 percent.
The top three industries in which they slashed the most inventories from 20 trading days ago were commerce and trade, iron and steel, and textile as well, with the related market cap declines at 16.51 percent, 12.87 percent and 5.39 percent.
Northbound capital refers to capital flows into the Chinese mainland stock exchanges through the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect programs. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
