Technology

Stock Connect Roundup: Markets Inch Up, Best Week in One Month

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Yuxuan Mei

Published at 2018-08-10 10:04

Summary

SH-HK northbound turnover decreased 21% to RMB10.4bn with 49% buy trades. SZ-HK northbound turnover dropped 22% to RMB7.8bn with 52% buy trades. A-share markets inched up today. SHCOMP increased 0.03% to 2,795.31, SICOM rose 0.70% to 8,813.49, and CSI 300 went up 0.22 % to 3,405.02. ChiNext Price Index lifted 0.94% to 1,511.71. The utility supply industry was the worst performing industry, -1.03%. The agriculture industry was the best performing sector, +1.98%. The most active stocks in northbound SH-HK and SZ-HK were Jiangsu Hengrui Medicine [600276:CH], +4.44%, and Hikvision [002415:CH], -0.47%. Mainland stocks saw best week in a month, led by rebounding healthcare stocks and technology shares.

Analysis

The Hang Seng Index decreased 0.84% today to 28,366.62. SH-HK southbound turnover dropped 12% to HKD6.3bn with a 40% buy trade. SZ-HK southbound turnover decreased 5% to HKD4.3bn with a 49% buy trade. The most active stock

Yuxuan Mei