Yesterday, the performance of the three major indexes in the A-share market was weak, but the "smart money" was positive. The reporter of investment express noted that as of December 14, northbound funds had been net inflow for the 10th consecutive trading day. The continuous buying has also reached a new high - in the last seven trading days, the net amount of foreign investment has set a new weekly record since the opening of land stock connect. Some insiders believe that the cross-year market of A-Shares has been launched, and the record net inflow of funds from the north will boost the performance of the A-share market.
foreign investors buy non bank financial sector
Recently, the market generally pays attention to the continuous purchase of A-Shares by northward funds. Data show that in the seven trading days from December 6 to 14, northbound funds accumulated a net purchase of 60.975 billion yuan, including 48.8 billion yuan last week, setting a new weekly record since the opening of land stock connect. Especially on December 9, the single day net purchase reached 21.656 billion yuan, a record high.
As of December 14, the cumulative net inflow of northbound funds exceeded 70 billion yuan, while the cumulative net inflow of northbound funds during the year exceeded 410 billion yuan, and it was in a net inflow pattern every month.
The transaction volume of Shanghai and Shenzhen stock markets on the same day has exceeded trillion for the 38th consecutive trading day, and the net purchase of northbound funds on the same day is RMB 6.026 billion, including RMB 3.976 billion for Shanghai Stock connect and RMB 2.05 billion for Shenzhen Stock connect, which is the 10th consecutive trading day of net purchase of northbound funds.
What are the plates that the northbound funds that have been sweeping goods pay attention to? On the whole, northbound funds are very fond of blue chips with value such as consumption and finance. More than half of the positions increased in the last six trading days have gone to consumption and big finance. In the large financial sector, foreign capital's purchase of non bank financial sector is particularly rapid. Among them, East Money Information Co.Ltd(300059) is one of the securities companies favored by "smart money". As of December 13, the stock had gained 123 million additional shares in nearly six trading days, with a net purchase of more than 6.739 billion yuan, an increase of 16.73% and 26.12% respectively month on month, making it the largest individual stock in the non bank sector. After this increase, the shareholding ratio of northbound funds to East Money Information Co.Ltd(300059) increased by 1.18 percentage points to 8.23%, which is the second highest shareholding ratio in the non bank sector.
In addition, in the last six trading days, Chinalin Securities Co.Ltd(002945) is the most prominent stock affected by the increase in positions of northward funds. The shareholding of the fund increased by 32.02% month on month, and the shareholding market value increased by 86.26% month on month. It is worth noting that in the four trading days from December 8 to 13, Chinalin Securities Co.Ltd(002945) shares rose 42.53%.
Compared with the non bank sector, on December 13, the bank sector was net sold by northward funds of 240 million yuan. However, from the cumulative net purchase scale in recent six trading days, it is still the third largest industry sector.
Institution: the cross year market of A-Shares has started
The continuous inflow of capital from the north is an important sign that foreign capital continues to be optimistic about China's capital market. Insiders believe that the cross-year market of A-Shares has been launched, and the record net inflow of funds from the north will boost the performance of the A-share market. From the law of the past 10 years, securities companies, consumption and other sectors are expected to receive continuous attention.
According to the analysis of Tianfeng Securities Co.Ltd(601162) , securities companies are the core beneficiary carrier of the comprehensive registration system. On the one hand, with the emergence of IPO business increment, investment banking needs more capital strength, sales ability and pricing ability. It is expected that the concentration of business resources will be further improved. As the flow inlet of institutional business, investment banking will promote the strength of institutional business; On the other hand, the supply side dividend continues to be released. It is expected that the transfer of residents' asset allocation to equity assets will be accelerated, the securities companies deeply engaged in the equity fund industry chain will further cultivate advantages, and the wealth management + asset management business will promote the improvement of profitability and robustness.
For the current market, Huaxin Securities said that the upward shock of A-Shares is the main tone. After continuous breakthroughs, A-Shares may usher in a short rest, but the index shock and structural market opportunities still exist. At the same time, for investors, blue chip will usher in new allocation opportunities.
The track configuration direction, Everbright Securities Company Limited(601788) points out that new energy is still the main theme in the general direction. Although it has been adjusted in the short term, it will be an opportunity for the layout of medium and long-term funds. In addition, we can pay more attention to the supporting infrastructure direction of new energy, such as energy storage, UHV, etc. Subject direction: Yuan universe has been rising for several consecutive days. After a short adjustment in the future market, it also has low absorption value.
Macroscopically, Sinolink Securities Co.Ltd(600109) believes that after the RRR reduction, the market began to look forward to reducing interest rates. Nearly half a year is the window period for interest rate reduction. In the short term, the market is facing early highs and has jumped short for two consecutive gaps, and the adjustment pressure will increase. It is suggested that radical investors should pay attention to banks, securities companies, construction and building materials, and steady investors should maintain about 80% of their positions.
In terms of operation strategy, Huaxi Securities Co.Ltd(002926) pointed out that in December alone, A-Shares are expected to continue the cross-year market, and do not catch up or fall on plates / stocks. In terms of industry configuration, there are three main investment lines: new energy vehicles, smart grid, energy storage, wind energy, photovoltaic, etc; Consumption upgrading, food, beverage, medicine, etc; The "real estate" sector, which benefited from the marginal change of the real estate policy of "implementing policies due to the city", focused on the central enterprises with improved market share.
(investment express)
