智通财经网·2025-11-24 10:02Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, totaling HKD 85.71 billion, with notable net purchases in major stocks like Alibaba, Tencent, and Kuaishou [1] Group 1: Northbound Trading Activity - Northbound trading saw a net purchase of HKD 85.71 billion, with HKD 20.78 billion from the Shanghai Stock Connect and HKD 64.94 billion from the Shenzhen Stock Connect [1] - The most purchased stocks included Alibaba-W (09988), Tencent (00700), and Kuaishou-W (01024) [1] - The most sold stocks were SMIC (00981), CNOOC (00883), and Hua Hong Semiconductor (01347) [1] Group 2: Individual Stock Performance - Alibaba-W (09988) had a net inflow of HKD 52.84 billion, with a total trading volume of HKD 96.85 billion, reflecting a net increase of HKD 8.82 billion [2] - Tencent (00700) recorded a net inflow of HKD 11.67 billion, supported by positive outlooks from analysts regarding its core business growth [5] - Kuaishou-W (01024) saw a net inflow of HKD 8.18 billion, driven by rapid growth in its AI commercialization [5] - SMIC (00981) faced a net outflow of HKD 10.23 billion, amid concerns over U.S. export regulations affecting chip manufacturers [6] - CNOOC (00883) experienced a net outflow of HKD 3.79 billion [6] Group 3: Sector Insights - The banking sector, represented by China Construction Bank (00939), received a net inflow of HKD 29.18 million, indicating defensive value amid market volatility [6] - Analysts suggest that low valuations in the banking sector present significant value opportunities, especially as long-term capital allocation approaches year-end [6]