Northbound capital reduced its positions in track stocks this week and increased its positions in big blue chips such as finance.
the style of capital going north before and after the Spring Festival
In the first week of the year of the tiger, the A-share market received a net purchase of 10.744 billion yuan from funds going north, including 17.354 billion yuan from Shanghai Stock connect and 6.61 billion yuan from Shenzhen Stock connect. This week, the performance of Shanghai stock market was stronger than that of Shenzhen stock market, and Shanghai stock market contributed mainly to the net inflow.
There has been an obvious switch in the capital style of going north. In terms of industry, many industries that reduced their positions before the Spring Festival have been significantly increased this week, including non-ferrous metals, environmental protection, building decoration, communication and other industries, of which the shareholding of non-ferrous metals and environmental protection industries has increased by more than 10%.
Before and after the Spring Festival, the capital flow to the north in the communication industry changed significantly. The shareholding of capital to the north in the week before the festival decreased by 11.3% month on month and increased by 6.18% this week. After taking off its shoes, China Mobile ushered in its first trading limit since its listing, rising 15.68% a week, and the three major operators all rose to a certain extent. Recently, the popularity of Winter Olympic concept stocks has increased. The three operators are closely related to the Winter Olympic concept, China United Network Communications Limited(600050) is the only official communication service partner of the Winter Olympic Games, China Mobile is the official rights holding broadcaster of the Winter Olympic Games, China Telecom Corporation Limited(601728) is the partner of the national figure skating team and the national curling team.
Northbound capital’s position increase this week is also in line with the main line of “stable growth”, and real estate, building decoration, building materials and banks have been increased. Since this year, the bank and real estate sectors in the main line of “steady growth” have continued to increase the position of funds going north, and most of the sectors are undervalued blue chips. Under the catalysis of the policy, blue chips get a certain valuation return and get out of a better market in the fluctuation.
Northbound funds continued to reduce positions in growth sectors with high growth, and technology stocks such as computers, medicine, biology, automobiles and other sectors were net outflow after the festival. This week, the performance of leading technology stocks was weaker than the market, and the constituent stocks of “Ning index” represented by Contemporary Amperex Technology Co.Limited(300750) significantly corrected.
“ningwang” was continuously sold off by funds going north
According to the statistics of securities times · databao, a total of 33 shares were listed on the list of active transactions of funds going north this week. Among the stocks on the list, the transaction amount of food and beverage, electrical equipment, non bank finance, banking and electronic industries exceeded 10 billion yuan. Banks received the most net purchases, totaling 3.749 billion yuan; The net sales of electrical equipment were the largest, with a total of 3.027 billion yuan. The net sales of Contemporary Amperex Technology Co.Limited(300750) and Longi Green Energy Technology Co.Ltd(601012) two new energy leaders ranked first, with 1.988 billion yuan and 1.538 billion yuan respectively.
Contemporary Amperex Technology Co.Limited(300750) listed active stocks five times this week, four of which were net sales. Based on the latest closing price, the stock market value held by Beishang capital fell below 100 billion yuan for the first time in nearly four months, the latest was 93.33 billion yuan, further narrowing the gap with 89.18 billion yuan, the third largest share market value China Merchants Bank Co.Ltd(600036) . Since the beginning of this year, northbound funds and main funds have reduced their positions at the same time Contemporary Amperex Technology Co.Limited(300750) , and the net outflow of main funds from the stock this week was 2.739 billion yuan.
This week, the net purchase of funds going north was Ping An Insurance (Group) Company Of China Ltd(601318) 3.131 billion yuan, and the net inflow of main funds was Ping An Insurance (Group) Company Of China Ltd(601318) 2.801 billion yuan, both of which ranked first. Ping An Insurance (Group) Company Of China Ltd(601318) rose 11.25% in one week, the largest weekly increase in nearly five years. Ping An Insurance (Group) Company Of China Ltd(601318) recently issued an announcement on the progress of repurchase. As of January 31, the company had repurchased 77.7651 million A-Shares at a cost of 3.899 billion yuan.
There are many blue chip financial stocks in Beishang capital, and the net purchases of Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) are more than 1 billion yuan. In terms of news, China’s financial data in January exceeded expectations, and the social finance and credit data reached a statistical high in a single month. The central bank issued the fourth quarter of 2021 China’s monetary policy implementation report, emphasizing maintaining the reasonable growth of money and credit, cultivating and stimulating the credit demand of the real economy, guiding financial institutions to effectively expand credit supply and enhancing the stability of the growth of total credit.
According to the statistics of data treasure, from the perspective of the increase in positions, there were 19 shares with a month on month increase of more than 100% this week. The highest month on month increase was Yunnan Shennong Agricultural Industry Group Co.Ltd(605296) . Northbound capital recently held 168100 shares, with a month on month increase of 949.78%; Followed by Xiamen Bank Co.Ltd(601187) , Tibet Tianlu Co.Ltd(600326) , with a month on month increase of 562.07% and 267.3%.
In terms of market performance, the trend of individual stocks with increased positions of funds in the North was polarized, with an average increase of 2.38% this week. Western Mining Co.Ltd(601168) , Xinjiang Communications Construction Group Co.Ltd(002941) , Huafon Microfibre (Shanghai) Co.Ltd(300180) led the increase, and Zhejiang Windey Co.Ltd(300772) , Suzhou Slac Precision Equipment Co.Ltd(300382) , Trina Solar Co.Ltd(688599) retreated to a certain extent.
17 northbound capital increase stocks have announced the performance forecast for 2021, of which 14 are pre increase. From the lower limit of the year-on-year increase in net profit, Shaanxi Heimao Coking Co.Ltd(601015) has the largest increase. It is expected to realize the net profit attributable to the parent company of 1.5-1.6 billion yuan, with a year-on-year increase of 672.5% – 724%, mainly due to the good prosperity of the coking industry in 2021 and the continuous rise of the sales price of the company’s main products; At the same time, the annual production and sales of the company’s main products increased significantly, among which the production and sales of coke and butanediol increased by about 25% and 50% year-on-year respectively..
28 shares were significantly reduced by funds going north, with a month on month decrease of more than 50%. Individual shares in the computer and electronic industries accounted for more than 30% of the reduction. The shareholding ratio of Fuchun Technology Co.Ltd(300299) , Chongqing Baiya Sanitary Products Co.Ltd(003006) , Wutong Holding Group Co.Ltd(300292) decreased by more than 70% month on month. (data treasure Liu Junling)
