April 17, 2025 — TRACKER FUND (02800.HK) experienced a significant HKD1.7 billion in Southbound Trading net inflows, with the majority of the funds directed toward this popular exchange-traded fund (ETF). The inflows were distributed across different segments of the Southbound Trading market, where investors from Mainland China participate in Hong Kong’s stock market.
The TRACKER FUND received HKD1.1 billion in net inflows via the Shanghai-Hong Kong Stock Connect, while another HKD639 million flowed in from the Shenzhen-Hong Kong Stock Connect, solidifying its position as the most actively traded stock in both trading channels.
The fund saw a 1.78% increase in its stock price, closing up HKD0.38 at HKD21.70 per share, despite short selling activity reaching HKD2.77 billion, representing 17.52% of the total trade volume.
BABA-W (09988.HK), which also saw notable Southbound Trading activity, experienced a 3.13% rise, climbing HKD3.30 to close at HKD108.70 per share, with short selling reaching HKD2.67 billion, accounting for 21.73% of total volume.
Meanwhile, TENCENT (00700.HK) rose 2.23%, adding HKD10.00 to its share price, ending at HKD459.60, with short selling volume totaling HKD959.9 million, or 8.58% of the trading volume.
On the downside, XIAOMI-W (01810.HK) and SMIC (00981.HK) saw Southbound Trading net outflows. XIAOMI-W faced HKD946.6 million in outflows, and SMIC saw HKD222 million exiting through Southbound channels. Despite this, both stocks managed modest gains, with XIAOMI-W up 1.70% (closing at HKD41.80) and SMIC increasing 1.32% (closing at HKD46.00).
Notably, XIAOMI-W led the Shenzhen-Hong Kong Stock Connect with the highest net outflow, totaling HKD548.5 million, while SMIC also faced significant selling pressure, seeing HKD389.19 million in short selling activity.
At the close of trading, Southbound Trading accounted for 46.19% of the total transaction volume, which amounted to HKD101.62 billion. Despite the outflows from a few stocks, the overall Southbound Trading market remained balanced.
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