STOCKS | Southbound Funds Boost Trading In Yangtze Optical Fibre, Tencent, AIA

Southbound trading through Stock Connect surged in Yangtze Optical Fibre and Cable (06869) and Tencent (00700), while AIA (01299), China Gold International Resources (02099) and Zijin Mining (02899) also returned to the top turnover lists, according to ETNet. On the Shanghai-bound channel, Yangtze Optical Fibre and Cable saw combined buy and sell turnover of HK$2.821 billion and recorded net buying of HK$380 million for the day. On the Shenzhen-bound channel, Tencent saw combined turnover of HK$2.925 billion and ended with net selling of HK$1.136 billion. AIA was back in the Shanghai-bound top 10 for the first time in many days, with southbound investors buying HK$994 million and selling HK$27.79 million, leaving net buying of HK$966 million. China Gold International Resources and Zijin Mining also re-entered the Shenzhen-bound top 10 after a long absence. Southbound investors bought HK$213 million and HK$226 million of the two stocks, respectively, while selling HK$468 million and HK$383 million, leaving net selling of HK$255 million and HK$157 million, respectively.