[tiger shares in the year of the tiger] the past year of the ox was the strongest inflow year in the history of capital going north. Coal and architectural decoration were swept away violently. How can we dance with capital going north? Will it continue to open the price investment style in the year of the tiger? Which direction is smart money's favorite choice in the new year? The grass snake grey line is hidden for thousands of miles. Securities times · databao provides you with a perspective of the investment mystery behind the capital transfer to the north.
monthly net purchase of northbound funds breaks the historical record
In the past year, transactions in the A-share market have become increasingly active, and the inflow of foreign capital into A-shares has continued to increase. According to the statistics of securities times · databao, the net purchase of northbound funds in the past year (calculated according to the lunar calendar, the same below) was 374.886 billion yuan, setting a new historical record. Although the market fluctuated downward, the funds going north in the 12 months of the year of the ox always maintained a positive inflow. Except for the Spring Festival, the amount was more than 10 billion yuan. In December last year, the net purchase reached 88.992 billion yuan, the highest monthly net purchase over the years.
In terms of style, in addition to "icing on the cake", northbound funds often "provide carbon in the snow". There is also a high probability of net inflow of A-Shares in the process of market retreat. Data treasure statistics show that when the Shanghai stock index rose, the proportion of net inflow of funds from northbound was 84.26%, while when it fell, the proportion of net inflow was 45.13%, almost the same as the number of net outflows, which also means that northbound funds began to bottom A shares and lay out high-quality assets when the market retreated for many times.
Approaching the Spring Festival, funds going north prefer to "hold shares for the holiday". Within 19 trading days in 2022, 13 trading days are net purchases, which means that funds are still optimistic about the post holiday market. In addition, the attitude of funds going north towards Shanghai and Shenzhen stock markets is different. Since January, the net inflow of Shanghai Stock connect has been 18.588 billion yuan, and the net outflow of Shenzhen Stock connect has been slight.
the position adjustment path exposes the fund loving industry
the value of holding the stock market doubled in one year
Northbound capital investment continues to get the attention of the market, mainly due to its excellent investment return, which can often seize the market outlet and layout in advance. Data treasure statistics show that in the past bull years, northbound funds have more preference for cyclical stocks with long-term investment value. Coal and building decoration industries have significantly increased their holdings of northbound funds, and the growth of their stock market value has doubled.
compared with the beginning of the year of the ox, there have been no small changes in the capital heavy warehouse industry in Beishang. since the Spring Festival last year, the head position of the food and beverage, pharmaceutical and biological industries in the capital holding of northbound has gradually declined, and the capital holding of northbound has been significantly reduced, such as Kweichow Moutai Co.Ltd(600519) , Jiangsu Hengrui Medicine Co.Ltd(600276) and other industry leaders. The share of the market value of the power equipment industry led by Contemporary Amperex Technology Co.Limited(300750) rose rapidly, catching up with the pharmaceutical and biological industry in the middle of last year, and then quickly surpassing the food and beverage industry to sit firmly in the top position.
in other industries, the ranking of banking and electronic industries has also increased, and 80% of bank stocks have been increased by northbound funds, indicating that northbound funds are optimistic about the banking sector for a long time. previously, the stock market value of the heavy position household appliances and automobile industry fell to a certain extent. The ranking of household appliances fell from fourth to sixth, and about 60% of the stocks were reduced by going north. In the automotive industry, several stocks with large gains were "cleared" by funds going north, including Chongqing Sokon Industry Group Stock Co.Ltd(601127) , Zotye Automobile Co.Ltd(000980) , Kuangda Technology Group Co.Ltd(002516) whose share prices doubled in recent years, and the shareholding decreased by more than 90%.
In addition, the recent style change of northbound capital is also worthy of market attention. Over the past three months, the mining, banking, real estate and architectural decoration industries have received funds to go north, and the value of the stock market has increased month by month. These four industries are expected to benefit from the main line of "stable growth" emphasized many times this year, and have shown some resistance to decline recently. The bank index has become the only industry index rising since the beginning of the year.
track the direction of capital transfer northward
active shares traded in ningwang and Maotai PA list
After combing the traded active stocks in the past year, databao found that Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) were never absent from the daily list of traded active stocks of northbound capital, but the flow direction was quite different. Statistics show that Contemporary Amperex Technology Co.Limited(300750) has accumulated a net purchase of 27.578 billion yuan of funds going north, and Kweichow Moutai Co.Ltd(600519) has been sold by 19.438 billion yuan. It is worth noting that northbound capital trading plays an important role in these two stocks. The total trading volume of northbound capital accounts for more than 30% of the total trading volume of individual stocks.
Northbound capital began to significantly increase its position Contemporary Amperex Technology Co.Limited(300750) in September last year, with a cumulative net purchase of 26.929 billion yuan in three months, and a net inflow of 81.849 billion yuan in the same period, that is, the net purchase of Contemporary Amperex Technology Co.Limited(300750) accounted for more than 30% of the net purchase of A-Shares by northbound capital. As of the latest, the total market value of Contemporary Amperex Technology Co.Limited(300750) held by northbound capital is 115.152 billion yuan, replacing Midea Group Co.Ltd(000333) as the third individual stock with a stock market value of 100 billion held by northbound capital, second only to Kweichow Moutai Co.Ltd(600519) .
In terms of the total net purchases, including Contemporary Amperex Technology Co.Limited(300750) , the net purchases of six shares by northbound funds are more than 10 billion yuan, and others include China Merchants Bank Co.Ltd(600036) , Longi Green Energy Technology Co.Ltd(601012) , China stock market news, Midea Group Co.Ltd(000333) , Wanhua Chemical Group Co.Ltd(600309) . Its share price has a certain correction in recent one year, Midea Group Co.Ltd(000333) , Wanhua Chemical Group Co.Ltd(600309) with a correction range of more than 30%.
Among the top stocks in net sales, Jiangsu Hengrui Medicine Co.Ltd(600276) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Insurance (Group) Company Of China Ltd(601318) , Aier Eye Hospital Group Co.Ltd(300015) were net sold by more than 3 billion yuan of funds going north. Pharmaceutical stocks rose strongly in 2020, and their valuation has risen sharply, which deviates from the undervalued and high growth attributes that Beishang capital has always paid attention to. Last year, many pharmaceutical leaders were reduced by Beishang capital.
the performance of northbound capital's holdings of shares significantly outperformed the market
Data treasure statistics show that in the past year, a total of 68 shares have been funded northward, with an increase of more than 1000%. In terms of market situation, the increased shares held by northbound capital generally outperformed the market, with an average cumulative increase of 37.96%, and the share prices of 8 shares such as Jiangxi Special Electric Motor Co.Ltd(002176) , Longshine Technology Group Co.Ltd(300682) , Mianyang Fulin Precision Co.Ltd(300432) doubled.
Among the shares increased by Beishang capital, there are many growth stocks with excellent performance, most of which are leading companies in subdivided fields. Among the stocks that have announced the performance forecast for 2021, nearly half of them are expected to have a net profit increase of more than 100%, and Jiangxi Special Electric Motor Co.Ltd(002176) , Ningbo Shanshan Co.Ltd(600884) , Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) are expected to increase by more than 10 times.
series
Research institutions hit a record high, covering more than 60% of listed companies, and the institutional research list was released in the first month of the new year
