STOCKS | Hang Seng Index Edges Up 19 Points As Southbound Funds Buy Victory Giant And Zhipu

Hong Kong stocks ended little changed on the day, with the Hang Seng Index closing at 25,584, up 19 points or less than 0.1%, according to ETNet. Southbound funds recorded a net inflow of HK$1.176 billion, down 63% from the previous session. The most net-bought stocks were Victory Giant Technology (02476), Zhipu (02513) and Yangtze Optical Fibre and Cable (06869), while the most net-sold were China Life Insurance (02628), Alibaba (09988) and Tencent (00700). Mainboard turnover exceeded HK$231.2 billion, down 1%. Southbound trading via Stock Connect accounted for nearly HK$88.3 billion, or 38.2% of total turnover. Victory Giant fell 13% to HK$220.2 after net buying of HK$454 million, Zhipu dropped 6% to HK$1,090 after net buying of HK$341 million, and Yangtze Optical Fibre and Cable fell 5.3% to HK$170.3 after net buying of HK$296 million. China Life rose 0.3% to HK$29.42 after net selling of HK$878 million, Alibaba fell 1.4% to HK$113.9 after net selling of HK$381 million, and Tencent gained 1.7% to HK$455.2 after net selling of HK$144 million.