Author丨Bian Wanli Intern Guo Congcong
Editor丨Zeng Fang
Following the strength of bank stocks across the board at the end of yesterday's trading and the fact that many bank stocks hit or approached record highs, bank stocks collectively floated red again on April 18.
China CITIC Bank (601998. SH) continued to move higher on the daily timeframe. China CITIC Bank closed at 7.27 yuan / share on April 17, and continued to usher in the intraday limit on the 18th, closing at 7.79 yuan / share. From the perspective of transaction value, the turnover on April 17 reached 1.498 billion yuan, and the turnover on April 18 was 2.682 billion yuan, an increase of 79% compared with yesterday, and the single-day net inflow amount refreshed a new high in 8 years.
The capital market continued to pursue bank stocks, large financial stocks continued yesterday's strong momentum, and today's bank stocks continued to open strongly, with the bank index rising 1.09%, and the net inflow of main funds was 2.907 billion yuan, a new high in more than 8 years. On April 18, the banking sector was red across the board. Wind data shows that in the last 120 trading days, in addition to China CITIC Bank, Bank of Jiangsu, Bank of Suzhou, and Ping An Bank have been among the top gainers. Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of Nanjing, Bank of Beijing, Bank of Chengdu, Shanghai Pudong Development Bank, China Merchants Bank, Huaxia Bank, China CITIC Bank, Agricultural Bank of China and many other banks hit new highs.
It is worth noting that the recent on-exchange and off-market influencing factors in the financial sector are more complex.
Yang Delong, chief economist of Qianhai Open Source Fund, told the 21st Century Business Herald reporter, "In the "Several Opinions on Strengthening Supervision and Risk Prevention and Promoting the High-quality Development of the Capital Market (Guo Fa [2024] No. 10) issued by the State Council on April 12, it is clear that listed companies are encouraged to pay cash dividends, and risk warnings are given to companies that do not pay dividends or pay less dividends, which is conducive to guiding funds to make long-term value investment. At this time, as a sector with low valuation and high dividend yield, bank stocks will undoubtedly receive more attention from funds. ”
He further pointed out that last Friday, Central Huijin Investment Co., Ltd. (hereinafter referred to as "Central Huijin") increased its holdings of A-shares of the four major banks by a total of 1.089 billion shares, and the national team entered the market again, which also injected a "booster" into the banking sector and promoted the performance of bank stocks. In addition, the recently released first-quarter data exceeded expectations, and the economic recovery expectation has strengthened, improving the market's earnings expectations for bank stocks. Driven by multiple positives, bank stocks rose one after another.
"Dividends are the key word for bank stocks to rise in recent days. A brokerage practitioner told the 21st Century Business Herald reporter. As the annual reporting season comes to an end, more than 20 banks have disclosed last year's "report card" and announced dividends. According to statistics, the dividends of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank exceeded 410 billion yuan for the first time, once again setting a new historical record, and the dividend ratio was all above 30%.
SFC
Editor of this issue: Li Yutong and intern Li Jie
Huawei, suddenly on sale!
Jia Lingfang, issue another emergency statement!
Financial system: The Central Inspection Team is here!