Northbound funds changed their playing style, buying 5 billion throughout the week and investing more than 7 billion into the main line!
On Thursday and for some time before, northbound funds have been selling more and buying less, mainly because of a round of rapid depreciation of the renminbi and passive outflows of funds following the exchange rate.
Until Thursday night, the debt ceiling issue of the old United States was basically resolved, and many Federal Reserve officials said that they would not raise interest rates in June, the dollar began to fall, the yuan turned from falling to rising, and the assets of major countries jumped across the board.
Northbound funds grasped the market, and opened sharply on Friday, buying a net of 8.5 billion yuan throughout the day, the largest one-day net purchase in nearly four months.
Looking back at the northbound trading, I changed the previous way of playing, and when I only bought 50 all week, I invested more than 7 billion in the direction of the main line!
Basic overview
This week, the Shanghai Composite Index fell first and then rose, northbound funds sold first and then bought, the Shanghai Composite Index rose 0.55% weekly, and northbound funds bought 5.021 billion net throughout the week, basically the same direction.
5 billion a week is not a big amount, there are two main characteristics:
1. The structural features are obvious
On the one hand, the CSI 300 component was sold 10.4 billion, which mainly sold the SSE 50 component 12.2 billion, which means that after excluding the SSE 50, the other components of the CSI 300 were actually slightly bought 1.8 billion;
On the other hand, for non-ingredients, CSI 1000 and CSI 500, they bought 6.7 billion, 5 billion and 3.8 billion respectively.
2. The style changes obviously
People who have been tracking northbound for a long time have this understanding, they usually put 80% of their funds into CSI 300 components, but in the past two or three months, their style has changed significantly, and they have begun to flow out of CSI 300 components, and into medium and small varieties, and even non-component varieties.
Since the beginning of this year, the Shanghai Composite Index has risen by 4.56%, the CSI 300 has fallen by 0.25%, and the SSE 50 has even fallen by 3.48%.
Until now, the data direction had always thought so, and after this week, there were suddenly some new ideas.
After July 25, fake northbound funds will only be sold and cannot be bought, until they are all cleared, and their trading privileges will be cancelled by Hong Kong brokers.
These mainland personal accounts, the reason why they detour the Hong Kong Stock Exchange to invest in A-shares, is mainly for 5 times the financing leverage, more than eighty percent of the northbound position structure is CSI 300, it can be imagined that these people also hold a lot, using such a high leverage, not only did not make money, but also lost 5 times the interest, in exchange for no one can stand it.
Immediately, after July 25, you will only be able to sell, not buy, and if you want to continue to use high leverage, you must change positions and exchange shares before the time node, so these people seize the opportunity to sell big blue chips and switch to hot directions.
These are the big meat on the board, the main force will not push up the stock price to let them cash out at a high level, will definitely find a way to force them out at a low level, and then take action, July 25 may be an important time node.
Industry segments
Inflow into the list
Semiconductors, computer equipment, IT services, optics and optoelectronics, the four major industries combined net purchases of 7.118 billion.
Since this year until now, the two main lines identified by the market are one is the Chinese character head, and the other is artificial intelligence.
Northbound funds only bought 5 billion yuan in the whole week, but invested 7.1 billion in the direction of artificial intelligence, while selling 3.4 billion in the first half of the word, it is obvious that they bet on this side.
This article does not look at the prefix of the word, nor does it mean to guide, that is, pure data.
Electricity, batteries, passenger cars, and energy metals totaled net purchases of 3.854 billion.
Before that, or more specifically, before this year, the two directions where northbound funds held the most were food and beverage, and the other was power equipment.
In the past two or three months, northbound funds have taken different operations in these two directions, reducing their positions in food and beverages on the one hand, and continuing to maintain their investment in electricity and power equipment on the other hand.
According to the latest forecast, the number of births in major countries in 2023 will fall below 8 million, and behind this data reflects a logic, the sluggish consumption may really be a change in market expectations;
Electricity, mechanical equipment is different, big countries to develop a circle of friends, high-speed rail out, new energy vehicles have mastered the entire industrial chain, exports have achieved the world's first, real estate will not come back for a while, need a new locomotive to drive economic development.
No one knows where the final answer is, and the north direction does not know, while betting on artificial intelligence, they have not forgotten the side of electricity and power equipment, the logic is still there, it is only the human heart that has changed, so continue.
Flow-out of the list
Liquor, travel retail, white goods and seasoned fermented products combined net sales of 7.122 billion.
As mentioned earlier, large consumption was significantly reduced, and only returned to a certain extent when it rebounded on Friday.
Insurance, securities and joint-stock banks sold a total of 4.549 billion.
The renminbi depreciated, Hong Kong stocks fell sharply, the "A + H" variety is very hurt, the Shanghai Stock Exchange 50, financial three fools are among them, after Friday's RMB rebound, major country assets jumped across the board, Shanghai Stock Exchange 50 also has a good performance, but the financial three fools, only banks have a small return.
#北向资金 #
