Written before the opening:
According to data from Flush, on April 19, 2024, northbound funds continued to reduce their holdings of 2.2602 million shares of Gree, with a net outflow of 90.0935 million yuan.
In fact, since April, within 12 trading days, northbound funds have only had a net inflow of 80.3038 million yuan into Gree Electric Appliances on April 16, and the remaining 11 trading days have been flowing out, especially on April 10, with a net outflow of 413 million yuan.
Up to now, northbound funds have accumulated a net outflow of 1.112 billion yuan from Gree Electric in April.
In contrast, Midea Group has been favored by northbound funds, with a cumulative net inflow of 1.216 billion yuan in the past 20 trading days.
So, why do northbound funds dislike Gree Electric so much?
Could it be that there is really some mine hidden in the annual report?
Morning:
As soon as the market opened in the morning, Gree Electric was able to attack at the price of 39.92 yuan, and eight minutes later, the price of 40.47 yuan was resisted and consolidated.
At 9:49, the stock price suddenly fell to 40.47 yuan, reaching 39.87 yuan in 11 minutes, and then continued to fluctuate and consolidate.
At 10:31, the stock price was unable to consolidate, so the price of 40.11 yuan continued to decline until it closed at 39.62 yuan.
At that time, the handicap showed that the outer market was smaller than the inner market, the Shanghai Composite Index fell 14.37 points, or 0.47%, the super brand rose 9.57 points, or 0.71%, and Midea Group fell 0.07%.
Midday:
After the afternoon open, Gree Electric continued to fall, and nine minutes later, it consolidated at 39.39 yuan.
At 1:27, the stock price returned at $39.41, but 29 minutes later, it met resistance at $39.74.
At 2:22, the stock price fell again at the price of 39.75 yuan, and fifteen minutes later, it gained support at the price of 39.50 yuan, and then continued to fluctuate and consolidate until it finally closed at the price of 39.57 yuan, down 0.93% throughout the day.
At that time, the handicap showed that the outer disk was still smaller than the inner disk, and the gap was not small. The Shanghai Composite Index fell 20.66 points, or 0.67%, while the Super Brands rose 7.48 points, or 0.55%, and Midea Group fell only two cents.
After-hours insights:
Today's market has not fallen much, but the market is still bleeding, many stocks have hit new lows, and the disk once again confirms the "gnashing of teeth" market.
Gree Electric has fallen more than the market, but it can also be seen that it does not want a deep pullback, and the reasons are known, and the annual report will be announced soon.
At this time, the funds are more and more worried, and I am really afraid that it will make some trouble at that time.