Northbound capital is known as “smart capital”. Recently, northbound capital continued to sweep goods, and A-Shares were generally concerned by the market.
More prominent data: first, in the last seven trading days, the net purchase amount of northbound funds has set a new weekly record since the opening of land stock connect; Second, in the past six trading days, more than half of the net purchase funds went to the consumption and large financial sectors, with RMB 10.237 billion and RMB 16.054 billion respectively.
In detail, in the last seven trading days (December 6-14), northbound funds have accumulated a net purchase of 60.975 billion yuan, of which 48.8 billion yuan was accumulated last week, breaking the one week 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, northbound funds had bought a net 6.026 billion yuan for the whole day, which had been bought for 10 consecutive trading days.
Specifically, East Money Information Co.Ltd(300059) is one of the securities companies favored by “smart money”. As of December 13, the company gained 123 million additional shares held by northbound funds in recent six trading days, with net purchases of more than 6.739 billion yuan, up 16.73% and 26.12% respectively month on month, the largest net purchases in the non bank sector; The shareholding ratio of northbound funds increased by 1.18 percentage points to 8.23%, which is the second highest in the non bank sector.
In the past six trading days, Chinalin Securities Co.Ltd(002945) increased its position most prominently by northward funds, with a month on month increase of 32.02% and a month on month increase of 86.26% in its market value. According to wind, the share price of Chinalin Securities Co.Ltd(002945) rose 42.53% in the four trading days from December 8 to 13.
Compared with the non bank sector, the net purchase of bank stocks fell this week. According to xingkuang data, on December 13, the banking 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.
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.
Nearly half of northward capital flows to consumption and finance
On December 14, the transaction volume of Shanghai and Shenzhen stock markets on the same day exceeded trillion for the 38th consecutive trading day, and the north capital bought 6.026 billion yuan on the whole day, including 3.976 billion yuan for Shanghai Stock connect and 2.05 billion yuan for Shenzhen Stock connect, which is the 10th consecutive trading day for north capital.
Since December, northbound funds have continued to actively allocate the A-share market. According to wind, 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 is in a net inflow pattern every month.
According to the net purchase of funds from the north, the large financial sector has been focused on increasing its holdings in the near future, especially the non bank financial sector. According to the latest holdings of Shanghai and Shenzhen Tongbiao released by the Hong Kong stock exchange, the total net purchase in recent six trading days was RMB 10.114 billion, approaching the net purchase of food and beverage of RMB 10.237 billion, which was significantly higher than that of other industries, accounting for a month on month increase of 0.27 percentage points in the total market value of the industry.
On the whole, the increase of northbound funds in blue chips with consumption, finance and other values is particularly significant. From the position increase amount in the last six trading days, more than half of them have gone to the consumption and large finance sector.
brokerage stocks such as Dongcai and CITIC are favored
In the past six trading days, northbound funds have significantly increased their positions in the non bank financial sector, with a cumulative net purchase of 10.14 billion yuan, a number of 7.285 billion shares and a market value of 136.5 billion yuan. On December 13, the non bank financial sector received a net purchase of 2.63 billion yuan from the north, the largest of all sectors on that day.
From the ranking of individual stock inflows in the non bank sector, East Money Information Co.Ltd(300059) , Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) , Gf Securities Co.Ltd(000776) , Zheshang Securities Co.Ltd(601878) and other securities companies are favored by “smart money”.
according to the statistics of xingkuang, over 70% of the securities companies’ shares were net bought by northbound funds in the nearly six trading days as of December 13, especially East Money Information Co.Ltd(300059) , with an increase of 122 million shares held by northbound funds, a month on month increase of 16.73%; The net purchase was 6.739 billion yuan, an increase of 26.12% month on month.
Citic Securities Company Limited(600030) increased its holdings of 54.94 million shares, an increase of 10.77% month on month; The net purchase was 1.853 billion yuan, an increase of 14.02% month on month. In addition, Tianfeng Securities Co.Ltd(601162) , Huatai Securities Co.Ltd(601688) also increased their holdings of more than 20 million shares, up 24.77% and 10.47% month on month respectively; Net purchases of 110 million yuan and 440 million yuan from BEIXIANG capital were obtained respectively, with a month on month increase of 25.47% and 13.01%.
In terms of the increase range of northward funds, Chinalin Securities Co.Ltd(002945) is the most prominent. According to xingkuang’s data, as of December 13, Chinalin Securities Co.Ltd(002945) has obtained northbound funds to increase its holdings of 1.14 million shares in recent six trading days, a month on month increase of 32.02%; The net purchase was 33.3557 million yuan, an increase of 86.26% month on month. Recently, the share price of Chinalin Securities Co.Ltd(002945) has performed prominently. According to wind, the share price of Chinalin Securities Co.Ltd(002945) has increased by 42.53% in the four trading days as of December 13.
In addition, Gf Securities Co.Ltd(000776) , Tianfeng Securities Co.Ltd(601162) , Zheshang Securities Co.Ltd(601878) , China International Capital Corporation Limited(601995) , East Money Information Co.Ltd(300059) etc. have also increased their positions in the north in recent 6 trading days, with a month on month increase of more than 20% in net purchases, ranking among the top 8 in the whole large financial sector.
It is worth noting that in the past six trading days, a total of 17 brokerage stocks were net sold by northbound funds, including Western Securities Co.Ltd(002673) , The Pacific Securities Co.Ltd(601099) securities, Huaan Securities Co.Ltd(600909) , Shenwan Hongyuan Group Co.Ltd(000166) , Zhongtai Securities Co.Ltd(600918) . These five brokerage stocks are the most net sold stocks in the large financial sector in the past six trading days.
In addition, from the change of shareholding ratio, East Money Information Co.Ltd(300059) increased by 1.18 percentage points to 8.23% month on month, ranking the first in the large financial sector; The final shareholding ratio of the interval ranked second in brokerage stocks and third in large financial sectors. The final shareholding ratio in the range of Founder Securities Co.Ltd(601901) was 15.76%, the largest among the large financial sectors, with a month on month increase of 0.09 percentage points.
the banking sector was slightly net sold
The banking sector was increased by northward funds last week, and the net purchase reached 8.063 billion yuan as of the end of last week. However, the momentum failed to continue this week. According to wind, the banking sector suffered a net sales of 240 million yuan on December 13.
In the past six trading days, the cumulative net purchase of the banking sector was 5.94 billion yuan, accounting for a month on month decrease of 0.12% in the total market value of the industry. The number of shares held was 15.425 billion and the market value of shares held was 193.41 billion yuan. It is still the third largest industry sector in terms of net purchase.
According to the inflow of individual stocks, more than 70% of bank stocks have been increased by northbound funds. The top 10 bank stocks with net purchase amount are China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Industrial And Commercial Bank Of China Limited(601398) , Shanghai Pudong Development Bank Co.Ltd(600000) , Agricultural Bank Of China Limited(601288) , China Minsheng Banking Corp.Ltd(600016) , Bank Of China Limited(601988) , China Everbright Bank Company Limited Co.Ltd(601818) , Bank Of Communications Co.Ltd(601328) .
Ten bank shares were net sold by northbound funds, including Jiangsu Zijin Rural Commercial Bank Co.Ltd(601860) , Bank Of Ningbo Co.Ltd(002142) , Bank Of Guiyang Co.Ltd(601997) , China Citic Bank Corporation Limited(601998) , Bank Of Chongqing Co.Ltd(601963) , Xiamen Bank Co.Ltd(601187) , Bank Of Zhengzhou Co.Ltd(002936) , Agricultural Bank of Chongqing, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) . Among them, 9.44 million shares were reduced by northward funds in Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) week, a month on month decrease of 6.83%; Net sales amounted to 66.0562 million yuan, a decrease of 6.83% month on month, which was the largest reduction in bank stocks.
In terms of shareholding ratio, among the top 10 stocks in the large financial sector, there are 6 bank stocks, 3 brokerage stocks and only Ping An Insurance (Group) Company Of China Ltd(601318) 1 insurance stocks. However, from the change of shareholding ratio, the growth rate of bank shares is relatively weak, and only Industrial Bank Co.Ltd(601166) 1 of the top 10 financial stocks increased month on month. In the past six trading days, Industrial Bank Co.Ltd(601166) shareholding ratio was 3.18%, an increase of 0.32 percentage points month on month.
financial stocks usher in an important investment opportunity
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.
Tianfeng Securities Co.Ltd(601162) said that the central economic conference ended, the steady growth and counter cyclical regulation policies will begin to work, and the capital market scene has improved, which has brought a good external environment for financial stocks and ushered in important investment opportunities.
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.
In addition, the big market in the banking sector may open. Under the triple pressure of “shrinking demand, supply shock and weakening expectation”, the central economic work conference Revisited “counter cyclical regulation” every two years, requiring that “cross cyclical and counter cyclical regulation policies should be organically combined”, and the signal of policy underpinning is particularly strong.
Dongguan Securities said that the northern capital style was switched to blue chip stocks with consumer, financial and other values. Almost all of the stocks with the highest market value of the recent northern capital increase were occupied by white horse blue chips.
Dongguan securities further believes that the substantial inflow of funds from the North has a positive effect on the market. Historically, the position change of northbound funds is relatively close to the market trend, which has a certain forward-looking and guiding effect on the overall trend of a shares.
(Financial Associated Press)
