Securities Times Data Treasure launched the 2023 A-share portrait, this article is "Capital Portrait", interpreting the A-share market in 2023 from the capital side.
Portrait of funds
The proportion of northbound capital transactions hit a record high
In 2023, the A-share market will fluctuate and fall, and the net inflow of northbound funds will be narrowed.
According to the statistics of Securities Times and Databao, the total trading volume of northbound funds in 2023 will be 25.12 trillion yuan, a slight increase of 7.89% compared with 2022. From the perspective of activity, the ratio of northbound capital turnover to the total A-share turnover has remained above 10% for four consecutive years, and this proportion will further increase to 17.65% in 2023, and the proportion of northbound capital turnover will hit a record high.
While the trading activity has increased significantly, the net inflow has narrowed, and the net purchase of northbound funds in 2023 will be 43.704 billion yuan, a decrease of 51.45% compared with 2022.
The market value of the power equipment industry has plummeted
As of the end of 2023, the northbound capital in the food and beverage industry has the highest market capitalization, reaching 254.237 billion yuan, which is 30.953 billion yuan higher than the market value of the power equipment industry. The market value of northbound funds in the pharmaceutical and biological, electronics, household appliances, banking, and machinery and equipment industries all exceeded 100 billion yuan.
Compared with the data of 2022, among the 31 industries in Shenwan, 20 industries have shown a decline in the market value of northbound funds, of which 8 industries have decreased by more than 10 billion yuan. The market value of northbound funds in the power equipment industry decreased the most, by 88.574 billion yuan from the end of 2022, and the market value of the food and beverage and banking industries decreased by 67.069 billion yuan and 42.561 billion yuan respectively.
It is worth noting that from the perspective of the change in the number of shares held by northbound funds, the number of shares held by power equipment has not decreased, an increase of 558 million shares from the end of 2022, but in the power equipment index fell by 26.19% during the year, second only to the decline in the beauty care, real estate, and trade and retail industry indexes, the market value of the northbound funds for the power equipment industry has not increased but declined.
On the whole, the number of shares held by northbound funds has not decreased, but the industries with a market value of more than 10 billion yuan shrank from the end of last year include power equipment, commerce and retail, medicine and biology, and transportation.
The number of shares held in the electronics industry has increased significantly
In 2023, the popularity of the TMT sector will remain high, and the relevant sub-industrial chain sectors will be "voted" by market funds.
From the perspective of the number of shares, the number of shares held by northbound funds in 24 industries increased compared with the end of 2022, the number of shares held by the electronics industry increased by 3.219 billion shares during the year, and the number of shares held by 19 industries such as automobiles, transportation, media, and computers increased by more than 100 million shares.
In contrast, in 2023, the favor of northbound funds in industries such as food and beverage, building decoration, real estate, building materials, banking, and steel will decrease, and the number of shares held will decrease by more than 100 million shares.
In terms of individual stocks, as of the end of 2023, there are 30 stocks with a market value of more than 10 billion yuan held by northbound funds. Compared with the end of 2022, Kweichow Moutai and Midea Group continue to hold the first and second positions in the market value of northbound funds, with a market value of 148.976 billion yuan and 73.135 billion yuan respectively, and the third place has changed hands, and CATL from the power equipment industry has replaced China Merchants Bank to become the third largest stock in terms of market capitalization.
Judging from the changes in the number of shares held by northbound funds, among the top 10 stocks held by northbound funds by market capitalization, the number of shares held by CATL, Yangtze River Power, and Guodian NARI surged during the year, increasing by 252 million shares, 165 million shares, and 248 million shares respectively.
The balance of the two financial institutions increased by more than 100 billion yuan compared with the beginning of the year
The two financing funds, also known as leveraged funds, are mainly financing funds, as incremental funds, representing a kind of confidence of investors in the market.
According to the statistics of Securities Times and Databao, as of now, the balance of A-share financing is 1,658.959 billion yuan, an increase of 113.812 billion yuan from the beginning of the year, of which the financing balance reached 1,586.483 billion yuan, and the net purchase of financing during the year was 141.973 billion yuan.
In terms of industries, since 2023, among the first-class industries of Shenwan, the net purchase of financing funds in 7 industries has exceeded 10 billion yuan, and the net financing purchases of non-bank finance, computer and electronics industries have topped the list, reaching 26.081 billion yuan, 25.251 billion yuan and 23.633 billion yuan respectively. In contrast, the non-ferrous metals, agriculture, forestry, animal husbandry and fishery, and basic chemical industries showed a net outflow trend, with net sales of financing exceeding 4 billion yuan.
The transaction of free capital was active, with a net purchase of more than 20 billion yuan throughout the year
In 2023, the transaction of free capital will still be active, with a total of 2,725 shares on the list throughout the year, with the turnover of the business department reaching 3.43 trillion yuan, and a total net purchase of 28.747 billion yuan throughout the year.
According to the number of listings, 5 shares have been listed more than 50 times, and United Water has become the stock with the most listings in the Dragon and Tiger List in 2023, with a total of 68 listings, followed by Hongbo Shares, Capital Securities, and BIWIN Storage, which have been listed 65 times, 62 times, and 62 times respectively.
According to the net purchase amount of the business department, 18 shares will receive a net purchase of more than 1 billion yuan in 2023, including Changan Automobile, Tuowei Information, China Unicom, Sugon, and Kunlun Wanwei, all of which have a net purchase amount of more than 2 billion yuan during the year.
From the perspective of the turnover of the business department in 2023, the Shanghai branch of China International Capital Corporation Limited has the largest turnover of 104.933 billion yuan, and it is also the only business department with a turnover of more than 100 billion yuan.
Shanghai, Zhejiang, and Beijing account for nearly 40% of the country's stock trading volume
According to the data on the trading volume of various investment varieties disclosed by the stock exchange, the total trading volume of Shanghai, Guangdong, and Beijing all exceeded 100 billion yuan, accounting for 54.29 percent of the country's total, and the trading volume of Jiangsu and Zhejiang accounted for more than 5 percent.
From the perspective of stock trading volume, Shanghai, Zhejiang, and Beijing ranked among the top three in terms of stock trading volume, reaching 68.55 trillion yuan, 36.65 trillion yuan, and 36.18 trillion yuan respectively, accounting for a total of 37.07%.
Disclaimer: All information content of Databao does not constitute investment advice, the stock market is risky, and investment needs to be cautious.
Editor-in-charge: He Yu
Proofreading: Liao Shengchao
Editors: Lin Shaoyun, Zhao Faxin
Datatreasure
Data treasure (shujubao2015): Securities Times intelligent original new media.
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