Net Buying of CATL Continues for 6 Consecutive Days, Net Purchase of 5.988 Billion Yuan from Shenzhen-Hong Kong Stock Connect
In a recent report by Securities Times Network News, it has been revealed that there has been a continuous net buying of CATL for the past six days, with a significant net purchase of 5.988 billion yuan from the Shenzhen-Hong Kong Stock Connect.
According to the data provided by Securities Times • Databao, on March 18, the net purchase volume of northbound funds was recorded at 2.825 billion yuan. Among the actively traded stocks on the Shenzhen-Shanghai Stock Connect, Ningde Times stood out with a trading volume of 2.787 billion yuan for the day, showcasing a net purchase of 1.038 billion yuan. This marks the sixth consecutive day of net buying for the company.
During this period, CATL received a total of 17.527 billion yuan from the Shenzhen-Hong Kong Stock Connect, with a total net purchase of 5.988 billion yuan. On the other hand, Longi Green Energy and Sungrow, both belonging to the power equipment industry, experienced net sales for the fourth and third consecutive days, with a total net sales of 316 million yuan and 310 million yuan respectively.
The latest closing price of CATL was reported at 190.96 yuan, showing an increase of 5.50% for the day. Throughout the period of continuous net buying from the Shenzhen Stock Connect, the stock price of CATL has risen by 20.86%. Comparatively, the Shanghai Composite Index rose by 1.28%, while the power equipment industry to which CATL belongs saw a rise of 7.27%.
Investors and analysts are closely monitoring the movements in the stock market, particularly with regards to CATL, as it continues to attract significant net buying from investors through the Shenzhen-Hong Kong Stock Connect.