Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of HKD 39.05 billion on June 3, 2023, indicating strong investor interest in certain stocks [1]. Group 1: Northbound Trading Activity - The net buy from the Shanghai-Hong Kong Stock Connect was HKD 29.76 billion, while the Shenzhen-Hong Kong Stock Connect saw a net buy of HKD 9.29 billion [1]. - The top net bought stocks included Meituan-W (03690), China Construction Bank (00939), and CSPC Pharmaceutical Group (01093) [1]. - The most sold stocks were the Tracker Fund of Hong Kong (02800), Xiaomi Group-W (01810), and Tencent (00700) [1]. Group 2: Individual Stock Performance - Meituan-W (03690) received a net buy of HKD 10.88 billion, driven by a significant increase in sales during the "Meituan 618" promotional event, with a year-on-year growth of 200% [4]. - China Construction Bank (00939) saw a net buy of HKD 9.76 billion, supported by a stable net interest margin and ongoing valuation recovery [5]. - CSPC Pharmaceutical Group (01093) had a net buy of HKD 9.3 billion, with potential transactions worth up to USD 5 billion being discussed [5]. Group 3: Notable Sales and Market Sentiment - Xiaomi Group-W (01810) faced a net sell of HKD 11.31 billion, attributed to poor smartphone sales in India, which dropped by approximately 38% year-on-year [7]. - The Tracker Fund of Hong Kong (02800) experienced a net sell of HKD 19.38 billion, amidst mixed market sentiments regarding inflation and interest rates [8]. - Tencent (00700) had a net sell of HKD 6.25 billion, reflecting ongoing concerns about its market performance [8].
北水动向|北水成交净买入39.05亿 北水继续加仓美团(03690) 抛售盈富基金(02800)超19亿港元