BEIJING, Nov. 17 (Xinhua) -- Northbound investors have scaled up their net A-share buying alongside the market rebounding since the beginning of November, reported Securities Times on Wednesday.
Since the start of November, northbound investors contributed 26 billion yuan of net purchase to A-share market, which ranked the second highest net monthly buying this year. A net daily buying of 16.601 billion yuan by northbound investors was registered on Monday, marking a new high in the past days of 2022.
By sectors, both non-ferrous metals and home appliances sectors embraced over five billion yuan of net buying by northbound investors since the start of November. Other sectors such as banking, bio-pharmacy and building materials all hailed more than two billion yuan of net buying by northbound investors during the same period, according to the newspaper report.
Nine individual A-shares which saw more than one billion yuan of net buying by northbound investors since the beginning of November were all industry giants such as Kweichow Moutai Co., Ltd. (600519.SH), Contemporary Amperex Technology Co., Ltd. (300750.SZ), China Merchants Bank Co., Ltd. (600036.SH), and Ping An Insurance (Group) Company of China, Ltd. (601318.SH).
As the newspaper calculated, companies with their A-shares, of which northbound investors added holdings by more than 100 percent as compared with the end of October, numbered 39 ones.
Northbound investors added holdings of China Railway Special Cargo Logistics Co., Ltd. (001213.SZ), North Navigation Control Technology Co., Ltd. (600435.SH), China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (000758.SZ), and Kidswant Children Products Co., Ltd. (301078.SZ) by more than 200 percent from the end October.
Northbound investors here mean overseas investors trading China's A-shares through the Stock Connect programs between the Chinese mainland and Hong Kong Special Administrative Region. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
