Friday's A-shares continue to be unexpected, under normal circumstances, before the holiday, the major funds are basically ready for the holiday, but today, the main force of domestic and foreign capital collectively promotes the purchase of the major major broad indexes, of which the gem and science and technology 50 led the rise, only the dividend index has pulled back. Northbound funds today is a net purchase of 22.449 billion yuan, a new high since the opening of the cross-border link, such a ferocious buying makes people wonder if there is any potential benefit that everyone does not know?
A-share data:
Today, the turnover of the two cities was 1,086.4 billion yuan, an increase of 40% from the previous day. Today, the main net inflow of the two cities was 9.966 billion yuan, and the domestic capital bought little, mainly because of the increase in buying power at 10:30, more like being forced to follow by northbound funds. Northbound funds net buy 224.49 to a new high since the opening of the Inland Port Pass, the ferocity of the northbound did not expect, according to the recognized reason is mainly because of Japan, because the continuous depreciation of the yen has led to a lot of funds from the yen to buy Hong Kong stocks and A shares, Hong Kong stocks have risen sharply in the past two days.
Today, the ratio of individual stocks in the two cities is: 3.04:1, with 82 up limits and 21 down limits, making good money. On the plate change: securities were directly opened higher and higher to contribute to the rebound of the index, and other themes and concepts were also relatively active, but banks fell back today.
In the list of gainers and losers: quantum technology, securities, communication equipment, Sora concept, and CPO concept ranked among the top five, while small and medium-sized banks, shareholder holdings, recent new highs, banks, and allotment stocks ranked among the top five. Driven by funds: non-cyclical stocks, MSCI components, large-cap stocks, fund heavy positions, and MSCI mid-cap are among the top five net buyers, while banks, high-dividend stocks, recent new highs, small and medium-sized banks, and active stocks are among the top five net sellers.
Judging from the data, the biggest highlight today is that domestic and foreign capital are unanimously buying, a large number of new funds to promote the market rebound, and the market makes money well, while the constituent stocks, large-cap stocks and theme concepts are among the top gainers, and the net buying of funds is in the top. The market is driven up by funds, so whether the market can follow up depends on how the funds are done.
Stock Market Chatter:
Today's market buying has increased sharply, everyone is looking for the reason, and I also found the relatively reliable reason for the large northbound purchase on the Internet:
1. The yen continues to depreciate, the U.S. stock market is mostly adjusted, and the valuation of A-shares is low, so many overseas assets come to buy Hong Kong stocks and A-shares from the yen.
2. Although overseas interest rate cuts are expected to be repeated, the U.S. dollar index has fluctuated and fallen;
3. The domestic Politburo meeting is about to be held, and trillions of special treasury bonds are about to land;
4. The A-share performance period is about to pass, and May-June is the performance window period, and the U.S. stock market has basically landed, and the overall performance is beyond expectations.
5. The geopolitical events have come to an end for the time being, and there are good expectations for today's meeting between China and the United States.
All of the above can be seen as the reasons for today's sharp northbound buying, but it is unknown whether northbound can replicate the continuous large net buying in the first quarter of 2023, after all, whether these funds are due to risk aversion, short-term speculation, or long-term investment?
Outlook on the market:
The major indexes are growing well today, and the Shanghai Composite Index and the Shanghai Composite 50 also have signs of breakthrough, but the major indices are still different, whether they can successfully stand firm and break through the market continues to depend on the strength of funds, which is not very confirmed. After all, judging from the first few months of this year, the sustained strength of the funds is not enough. Of course, the rise is definitely a good thing, and I have a large proportion of the equity class has not moved, but I must also be prepared in case of insufficient funds will also be similar to the fall after the false breakthrough of the shock range last year, so let's do it and see, don't be too excited to chase the rise, and wait for more definitive signals.
It is only a personal daily reflection on the market, not as a trading recommendation. Investment is risky and should be traded with caution.
I focus on indexed investment, advocating the theory of stock market cycles and comprehensive allocation. Daily update of A-share review logs and fund real trading notes. The above content is only a testimony of the unity of knowledge and action in your own investment, and friends who are interested in indexation investment are welcome to leave a message or pay attention to not get lost.