North-Bound Capital Posts 5.82B HKD Net Outflows on June 22; Domestic Investors Buy Kingtex, Sell Fiberhome

According to Zhitong Finance, north-bound capital posted net outflows of 5.82 billion HKD on June 22. Shanghai-Hong Kong Connect recorded net inflows of 1.626 billion HKD, while Shenzhen-Hong Kong Connect saw net outflows of 7.445 billion HKD.

Domestic investors actively accumulated positions in Kingtex Group (00148) and Kingtex Laminates (01888), with respective net inflows of 3.332 billion and 1.43 billion HKD. Fiberhome Telecommunications (06869) surged 33% to record highs, prompting north-bound profit-taking with net outflows of 2.475 billion HKD. Tencent (00700) and Alibaba-W (09988) faced respective net outflows of 1.153 billion and 1.181 billion HKD.