For 8 consecutive weeks, a total of 93.1 billion, where will the broader market fall?
If you want to judge the trend of the broader market, you must be concerned about the flow of funds, the market sometimes looks calm, but in fact it is secretly choppy, and it is very likely that something will happen.
After the market fell from the high, it fluctuated at the low level for 7 days, and it failed to make up for the gap, if you only look at the technical trend, it must be relatively weak, but if you see the flow of funds behind, it seems that it is not so bad.
For the week, the broader market closed up 0.55%, and the total net subscription of ETFs on the Shanghai Stock Exchange was 23.486 billion, which is good data.
Not only that, the Shanghai Stock Exchange ETF has been net subscription for 8 consecutive weeks, with a total of 93.115 billion, which is very good in terms of sustainability and strength.
Will it attack upwards I don't know, more and more idle funds are loaded into the component stocks, the broader market is undergoing some reborn changes, with such a vigorous force, where will the broader market fall?
Wide fingers
All broad fingers received a net subscription.
This kind of signal has often appeared recently, sometimes it is like this one day, sometimes it is like this week, and as I have introduced to you before, this is a relatively good signal.
All broad fingers, indicating very wide coverage; Net subscriptions indicate that the stock price is lower than that of ETF funds, and there is an opportunity for arbitrage. Some old iron said that the first half of the sentence is understood, but the second half is not understood. Try to explain the direction of the data.
An ETF is actually a portfolio of a basket of stocks, and when the secondary market fluctuates, not only the price of the stock changes, but also the price of the ETF. If the stock falls more and the ETF does not fall as much, there will be a price difference between the two.
Some institutional investors will seize this fleeting opportunity to use some robot programs to buy a basket of stocks from the secondary market, subscribe to ETF funds, and release them in the secondary market to earn the difference in the middle.
As it is now, how to interpret the total of 93.1 billion net subscriptions for 8 consecutive weeks? Stocks cannot be undervalued for 8 consecutive weeks, and institutions cannot buy stocks into ETFs and buy and sell at a loss when stocks are overvalued.
Therefore, judging by the direction of the data, there is a big trader in control, and a certain team is entering the market through ETFs.
industry
Subscription list
Securities companies, 1.708 billion, ranked first.
This is true for about the last two, with large sells of northbound funds and large net subscriptions of ETFs, and the difference between the two is very large.
Until the end of this week, it was not clear that the financial work conference just held should implement the task of reducing wages in the financial industry, so that the state-owned financial industry (brokers, funds) will become an ordinary medium and high-income industry, and there will no longer be a huge gap compared with other state-owned enterprises.
In the case of securities, for example, if it does not increase revenue, it can at least significantly reduce costs.
In the past, one-third of the income was used to pay salary bonuses, if the salary reduction is successful, a large chunk can be saved into the profit, which may not be so friendly to the employees involved, and it should not be a bad thing for the industry.
Science and technology chips, CS computers, cloud computing, and software indexes all entered the top ten of the list, with a total of 2.197 billion.
In the direction of artificial intelligence, not only northbound buying, ETFs are also buying, from these data alone, better than many other industries.
The dividend index, innovation of central enterprises, and infrastructure projects also entered the top ten of the list, with a total of 1.447 billion.
At a glance, the Chinese prefix.
Redemption list
Semiconductors, chips, combined net redemption of 487 million. The aforementioned science and technology chips were subscribed, but they were redeemed here, and the industry has a slope, not a monolith.
Real estate, which rose en masse on Friday, was slightly redeemed for ETFs.
Subdivision chemicals, non-ferrous metals, China Securities animal husbandry, etc., are some cyclical varieties, and the amount of redemption is not large.
#ETF #
