Yesterday afternoon, the market reported that the mainland plans to clear customs in March next year, which drove the Hong Kong stock market to take a position in November and once rose almost 1,000 points. Although the Hang Seng Index still to be subject to the 10-day moving average (15,509 points yesterday), it still closed up 768 points or more, 5.2%, at 15,455. Beishui, which has been holding goods for several days, has not stopped under the rebound market. Yesterday, the net buying volume of Hong Kong Stock Connect reached 7.437 billion yuan, the highest in 4 months. Tencent Holdings (700) became a target of “explosive buying”, with a net purchase volume of 2.14 billion yuan. In the dollar, Meituan (3690) also recorded nearly 1.3 billion yuan. The two stocks rose 10.6% and 11.9% respectively yesterday, pushing the Hang Seng Index up 222 points, which is the locomotive of the market.
Hong Hao, chief economist of hedge fund GROW, said on social networking sites yesterday that he had heard that the mainland had set up a “Reopening Committee”, headed by Wang Huning, a member of the Standing Committee of the Political Bureau of the Central Committee, to evaluate pneumonia data. the new crown in Hong Kong, Singapore and the United States, with the aim of Clearing next year in March. However, Chinese Foreign Ministry spokesman Zhao Lijian later responded at a regular press conference that he did not understand the situation.
Shares benefiting from an economic reopening rose
Technology stocks climbed higher, with the Hang Seng Technology Index up 222 points or 7.8% at 3,075 points. The turnover of the main board was 153.8 billion yuan, the highest in more than a week; Danyou did not take advantage of the high market to pursue sales, and the market’s short selling rate decreased slightly to 16.6%. The Shanghai Composite Index closed at an all-day high of 2,969 points, up 75 points or 2.6%. 71 of the 73 blue chips rose, shares benefiting from the economic resumption after the customs clearance increased, Haidilao (6862) rose 13%; Sands China (1928) rose 11.5%. chip winners.
CICC: Money went south to accelerate last month
Hong Kong Stock Connect has attracted capital for 19 consecutive trading days, with a cumulative net purchase of nearly 88 billion yuan. Tencent has recorded a net purchase of more than 2 billion yuan on 4 days in the past half month, and has net purchase accumulation of 24.1 billion yuan on the 19th, contributing to the overall investment.27.4% of the capital. According to a CICC report, southward inflows into Hong Kong stocks have accelerated since October, with total inflows of RMB 267.2 billion since the start of the year, accounting for RMB 93.9 billion in the previous quarter.Leaders in telecommunications , automobiles, real estate and new economy, such as Tencent, WuXi Biologics (2269), Li Auto (2015), etc.
The original article was published on AM730 https://www.am730.com.hk/Finance/November start-taking advantage of mainland customs clearance rumors-Beishui plus scan code-Tencent rose 10%/345863?utm_source=yahoorss&utm_medium=referral
