Funds from the south reduced their positions in Meituan and Tencent by over HKD 2.4 billion each on Friday, while increasing their position in Alibaba by nearly HKD 4 billion

Southbound funds net sold HKD 2.331 billion in Hong Kong stocks this Friday. Among them: net bought Alibaba HKD 3.934 billion, Hong Kong Exchanges HKD 0.835 billion, Ping An of China HKD 0.347 billion, Kuaishou HKD 0.172 billion; net sold Meituan HKD 2.769 billion, Tencent HKD 2.478 billion, CNOOC HKD 0.385 billion, China Mobile HKD 0.18 billion. According to statistics, Southbound funds have been net buying Alibaba for 11 consecutive days, totaling HKD 41.349 billion; net selling Tencent for 8 consecutive days, totaling HKD 7.38818 billion; net selling CNOOC for 7 consecutive days, totaling HKD 3.07474 billion; net selling China Mobile for 7 consecutive days, totaling HKD 1.85979 billion