Mainland Investors Net Sell 19.74 Billion HKD in Hong Kong Stocks on July 2; Alibaba, Unimind Among Top Buys

According to Zhitong Finance, on July 2, mainland Chinese investors recorded a net outflow of 19.74 billion HKD from Hong Kong stocks. Shanghai-Shenzhen Stock Connect via Shanghai saw net inflows of 22.77 billion HKD, while the Shenzhen route saw net outflows of 42.51 billion HKD.

The most-bought stocks were Unimind (09880) with 396 million HKD net inflows, Zhipu (02513) with 337 million HKD, and Alibaba-W (09988) with 301 million HKD. The heaviest net sellers were semiconductor and PCB-related stocks, including China Huarong Integrated Circuit (01347) with 1.719 billion HKD net outflows and Kingboard Laminates (01888) with 1.413 billion HKD net outflows.