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18% of A-Share quota left after morning trading on Shanghai bourse
THE trading link between the Hong Kong and Shanghai bourses has seen strong demand for Chinese A-Shares, but less than expected demand for Hong Kong shares from mainland investors.
By the end of morning trading on the Shanghai Stock Exchange, outside investors had snapped up 10.6 billion worth of shares. Just 18 per cent of the daily 13 billion yuan (S$2.75 billion) quota for share purchases was left unfulfilled, according to data from the Hong Kong Stock Exchange at 11.40am.
"It's a very busy morning," said Kevin Foy, director of equity sales trading at brokerage Maybank Kim Eng.
But demand for Hong Kong stocks from the mainland was tepid, with just under 1.1 billion out of the 10.5 billion yuan quota bought, as at 11.40am.