Zhi Tong Cai Jing·2025-12-22 11:10Core Viewpoint - The Hong Kong stock market experienced a net inflow of 31.25 billion HKD from northbound trading on December 22, with significant buying in specific stocks and notable selling in others [1][2]. Group 1: Northbound Trading Activity - Northbound trading through Stock Connect saw a net buy of 39.49 billion HKD from the Shenzhen market and a net sell of 8.24 billion HKD from the Shanghai market [1]. - The most bought stocks included SMIC (00981), Xiaomi Group-W (01810), and Tencent (00700), while the most sold stocks were China Mobile (00941) and Alibaba-W (09988) [1][2]. Group 2: Individual Stock Performance - SMIC (00981) had a net buy of 2.59 billion HKD, with total trading volume reaching 34.72 billion HKD [2]. - Xiaomi Group-W (01810) saw a net buy of 3.05 billion HKD, with total trading volume at 26.23 billion HKD [2]. - Tencent (00700) experienced a net buy of 4.27 billion HKD, with total trading volume of 23.47 billion HKD [2]. - China Mobile (00941) faced a net sell of 4.41 billion HKD, with total trading volume at 10.78 billion HKD [2][7]. - Alibaba-W (09988) had a net sell of 10.81 billion HKD, with total trading volume of 42.74 billion HKD [2]. Group 3: Sector Insights - The semiconductor sector saw increased interest, with SMIC and Hua Hong Semiconductor (01347) receiving net buys of 7.3 billion HKD and 200 million HKD, respectively [4]. - Xiaomi's recent product announcements and price adjustments due to rising memory costs were highlighted as key factors influencing its stock performance [5]. - Tencent's growth in advertising and gaming, driven by AI technology, was noted as a positive outlook for the company [5]. - The optical fiber market is experiencing strong demand, with Longi Fiber Optic (06869) receiving a net buy of 4.25 billion HKD, reflecting favorable market conditions [5].