After the single-day net sale exceeded 10 billion, the main direction of northbound funds was clear!
Finance Associated Press, January 20 (edited by Shen Chao) In the context of the correction of A-shares, northbound funds also showed a net selling trend this week. According to the data, northbound funds have reduced their positions by a total of 23.494 billion yuan in 5 trading days this week, and have chosen to reduce their positions for 6 consecutive days.
In terms of weekly statistical periods, northbound funds have reduced their positions for 3 consecutive weeks, and this week's net selling volume has hit a new high in nearly 13 weeks.
On a daily basis, northbound funds sold a net of 13.057 billion yuan throughout the day on Wednesday, a new high since October 24, 2022. Among them, the Shanghai Stock Connect net sold 6.372 billion yuan, and the Shenzhen Stock Connect net sold 6.684 billion yuan. On the following Thursday, the northbound outflow slowed down significantly, with a net sale of 741 million yuan throughout the day, and A-shares also ushered in a deep V rebound on the same day.
What does it mean to sell 13 billion in a single day?
According to the statistics of the Financial Associated Press, since 2023, there have been three times when northbound funds have sold more than 10 billion yuan in a single day.
12.338 billion yuan and 10.461 billion yuan on August 11 and 23, respectively, and 11.704 billion yuan on October 19.
Combined with the trend of the Shanghai Composite Index in the past three days and the follow-up, the market has ushered in a phased over-falling rebound. As the so-called "no pole Tailai", coupled with the recent rare "deep V rebound", the market rebound may be gaining momentum after the emotional freezing point. Huaxi Securities judged that the "market bottom" of this round of A-shares was most likely formed in December last year, and with the steady growth and implementation of capital market policies, A-shares are expected to gradually start a restorative market in 2024.
Bucking the trend, the position of banks and coal is increased, and the main direction of northbound funds is clear
From the perspective of net inflow of the industry, banks, coal, and semiconductors were net bought by northbound funds of more than 700 million yuan this week, and were increased by 949 million yuan, 775 million yuan, and 701 million yuan respectively.
The two high-dividend sectors of banks and coal lead the list of net purchases of northbound funds, and it is not difficult to see that the main direction of northbound funds has become obvious. Recently, the high-dividend strategy has attracted a lot of attention from the market. Banks and coal have risen against the trend many times, laying the foundation for this year's high-dividend stocks to usher in a "good start".
Fu Lujun, an investment consultant of Haitong Wealth, believes that the increase in uncertainty at the bottom of the market has made mainstream funds realize that blindly betting on the rebound may have to pay a higher time, capital and opportunity cost, and they need to find a strategy that can not only obtain defense, but also not miss the opportunity to lay out the market bottom.
China Post Securities believes that the recent strong performance of high-dividend sectors such as coal, electricity, utilities, and banks is mainly affected by the decline in market sentiment, but from the perspective of changes in ETF shares, funds have continued to take profits. Specifically, the adjustment of coal, power and other sectors has accelerated, and there may be a phased profit stop in the short term, but there is still allocation value in the medium and long term.
From the perspective of industry outflows, automobiles, metal and non-metallic materials, and rare metals were net sold by northbound funds, which were reduced by 2.738 billion yuan, 1.612 billion yuan, and 1.226 billion yuan respectively.
Northbound funds have withdrawn sharply from the auto sector, which has recently entered a deep correction. The correction in auto stocks was mainly affected by Tesla China's announcement of price cuts on January 12. The prices of Tesla's models have been lowered, with the price of the Model 3 refreshed version reduced to 245,900 yuan, the price of the Model Y long-range refreshed version reduced to 299,900 yuan, and the price of the Model Y reduced to 258,900 yuan.
The proportion of increased holdings is nearly 1%! Northbound funds have increased their positions in these stocks in a big way
From the perspective of individual stocks, in the list of stocks with a large proportion of positions in Shanghai-Hong Kong Stock Connect, Jinpan Technology, Emma Technology, Inner Mongolia Xinhua, and Lotus Health ranked the top four, and the above four stocks were increased by 0.9%.
In the list of stocks with a large proportion of positions in Shenzhen-Hong Kong Stock Connect, Hongbo shares occupy the first place, with an increase of more than 2.5%, and Shenzhou Taiyue and Jingyan Technology are both increased by more than 1%.
Hongbo Co., Ltd. announced on January 11 that it expects a net profit of 37.4 million yuan to 56.1 million yuan in 2023, compared with a loss of 75.0695 million yuan in the same period last year. During the reporting period, the company achieved a turnaround and a significant year-on-year increase in operating income, mainly due to the company's active search for new business growth points and business development in the field of artificial intelligence since 2022.
The performance turned into a profit, but the share price of Hongbo shares in January was sluggish. Since January, Hongbo shares have fallen by 18.35%. The reason for this may be related to the fermentation of the contract dispute of the company's controlling shareholder.
On the news side, after the shares under the name of the controlling shareholder were liquidated by the brokerage, some shares of Hongbo shares were judicially deducted.
(Finance Associated Press Shen Chao)