HK Stock Connect Daily Report: MICOT PHARMA-B Rises 33.22% as Southbound Net Buying Reaches HK$23.406 Billion - 20261103

I. Market Overview

On November 3, 2026, the three major Hong Kong indices opened higher across the board, briefly turned lower during the session and then rebounded to close higher. The Hang Seng Index closed at 23,525.97, up 0.57%; the Hang Seng TECH Index closed at 3,867.73, up 0.74%; and the Hang Seng China Enterprises Index closed at 7,943.10, up 0.47%. Full-day turnover on the Hang Seng Index reached HKD 236.4 billion, clearly above HKD 204.8 billion a day earlier.

On the board, among Stock Connect constituent stocks, MICOT PHARMA-B rose 33.22%, KEYTOP PARKING rose 30.85%, BRAINAURORA-B rose 11.48%, ABLE DIGITAL rose 9.93% and CHINA LONGYUAN rose 8.03%; on the downside, DEEPZERO fell 20.82%, DIAGENS-B fell 18.16%, PEGBIO CO-B fell 16.55%, XIZHI TECH-P fell 11.30% and ZHONGJI INNOLIGHT fell 10.92%. Pharmaceutical and consumer names rebounded, while semiconductor, optical communication and previously active recent listings gave back gains. Across the Stock Connect universe, 351 stocks rose, 292 fell and 22 were unchanged.

Southbound capital recorded net buying of HK$23.406 billion on the day, comprising net buying of HK$14.900 billion via Stock Connect (Shanghai) and HK$8.506 billion via Stock Connect (Shenzhen), with both channels net buyers and Shanghai about 1.8 times the size of Shenzhen.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

2.2 HK Stock Connect Active Stocks (ranked by southbound turnover)

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

III. HK Stock Connect-related A-share ETF Rankings

3.1 HK Stock Connect-related A-share ETF Gainers and Decliners

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

3.2 HK Stock Connect-related A-share ETF Active Rankings (ranked by turnover)

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

IV. Industry and Corporate Updates

1. Southbound Net Buying Reaches HK$23.406 Billion as Broad-Based HK ETFs Take the Bulk of the Inflow

On November 3, southbound capital recorded net buying of HK$23.406 billion, comprising net buying of HK$14.900 billion via Stock Connect (Shanghai) and HK$8.506 billion via Stock Connect (Shenzhen), with both channels net buyers. On a daily basis, the inflow ended a run of 14 consecutive trading days of net selling that had lasted since October 13. Structurally, the money entered mainly through broad-based Hong Kong ETFs: the Tracker Fund of Hong Kong (02800.HK) drew HK$16.507 billion of net buying, about 70% of the day's southbound net inflow; the Hang Seng China Enterprises Index ETF (02828.HK) drew HK$4.309 billion and the CSOP Hang Seng TECH Index ETF (03033.HK) drew HK$4.315 billion, with the three broad-based ETFs together absorbing about HK$25.131 billion, more than the day's total. At the stock level flows were mostly negative: XIAOMI-W (01810.HK) led net selling at HK$397 million, followed by SMIC (00981.HK) at HK$380 million, the GENSCRIPT BIO parallel trading counter (01548.HK) at HK$341 million and ALIBABA-W (09988.HK) at HK$310 million.

2. Semiconductor and Optical Communication Names Give Back Gains as ZHONGJI INNOLIGHT Falls 10.92%

On November 3, Hong Kong semiconductor, optical communication and AI hardware names pulled back together. ZHONGJI INNOLIGHT (03308.HK) fell 10.92% to HK$620.00 on turnover of HK$2.368 billion; KB LAMINATES (01888.HK) fell 10.20%, CIG (06166.HK) fell 8.91% and Z.AI (02513.HK) fell 7.99%; YOFC (06869.HK) gave back 6.25% to HK$100.50 after rising 11.49% in the previous session. SMIC (00981.HK) fell 2.29%.

3. MICOT PHARMA-B Rises 33.22% to Lead Gainers as Pharmaceutical and Recent Listing Names Rebound

On November 3, MICOT PHARMA-B (02335.HK) closed 33.22% higher at HK$16.00 on turnover of HK$454 million and a turnover rate of 9.60%, topping the Stock Connect gainers; the stock fell 14.77% in the previous session. Company disclosures show that its core product MT1013 is expected to complete the confirmatory Phase III study and submit a pre-NDA application in the fourth quarter of 2026; as of June 30, 2026, the company held cash and financial assets of RMB 1.227 billion with no interest-bearing debt, and operating cash flow turned to a net inflow of RMB 109.2 million. KEYTOP PARKING (02272.HK) rose 30.85%, BRAINAURORA-B (06681.HK) rose 11.48% and ABLE DIGITAL (02687.HK) rose 9.93%; all of these names had seen sharp swings in recent sessions.

4. Consumer and Utility Names Advance as Consumer Theme ETFs Sweep the Top Eight Gainers

On November 3, Hong Kong consumer and utility names advanced. EAST BUY (01797.HK) rose 7.86%, TCL ELECTRONICS (01070.HK) rose 6.88%, LOPAL (02465.HK) rose 6.81% and CHINA LONGYUAN (00916.HK) rose 8.03%. Among ETFs, the Yinhua CSI HK Equities Consumption Theme ETF (159735) rose 4.13%, the E Fund CSI HK Equities Consumption Theme ETF (513070) rose 3.95%, the Huaan CNI HK Equities Consumption Theme ETF (159285) rose 3.58%, the Fullgoal CNI HK Equities Consumption Theme ETF (159245) rose 3.40% and the ChinaAMC CSI HK Equities Consumption Theme ETF (513230) rose 3.30%, with consumer theme products taking all of the top eight spots on the gainers list.

5. China-Korea Semiconductor ETF Falls 4.90% on RMB 16.559 Billion of Turnover as Oil and Gas Products Lead Declines

On November 3, turnover and performance among Stock Connect-related ETFs diverged widely. The Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) fell 4.90% on RMB 16.559 billion of turnover and a turnover rate of 165.73%, topping the turnover list; the GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) fell 3.64% on RMB 6.806 billion, ranking second; the E Fund CSI Hong Kong Securities Investment Theme ETF (513090) rose 0.68% on RMB 4.693 billion. On the decliner side, the Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) (513350) fell 6.28%, the Harvest product (159518) fell 5.88%, the Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) (159509) fell 4.59% and the Wanjia CSI HK Equities Innovative Drugs ETF (520700) fell 3.68%.