Northbound Trading Records Net Outflows of 1.574 Billion HKD on July 27; Mainland Investors Dump CNOOC Over 500 Million HKD

CNOOC-1.52%

According to Zhitong Finance, on July 27, Northbound Trading recorded net outflows of 1.574 billion Hong Kong dollars, with Shanghai-Hong Kong Stock Connect posting net outflows of 2.006 billion HKD and Shenzhen-Hong Kong Stock Connect posting net inflows of 432 million HKD.

Mainland investors continued accumulating positions in Meituan-W (03690) with net inflows of 1.216 billion HKD, while selling CNOOC (00883) with net outflows of 519 million HKD. Alibaba-W (09988) also saw net outflows of 675 million HKD.

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