In the morning trading on December 30, the three major A-share indexes rebounded in shock, led by the gem index. As of midday closing, the Shanghai Composite Index closed at 3626.58 points, up 0.82%; Shenzhen composite index reported 14828.15 points, up 1.19%; Gem index reported 3331.39 points, up 1.51%.
On the disk, individual stocks rose in general, and the concept of meta universe led the media sector to rise sharply, Kaiser (China) Culture Co.Ltd(002425) and other multi stock trading limits; Chips, defense industry and other sectors also rose.
It is worth noting that northbound funds accelerated the pace of fund-raising at the end of the year, with a half day net purchase of more than 8 billion yuan, and the net purchase during the year continued to set a record high.
northbound funds reappeared at the end of the year
Near the end of the year, northbound funds reappeared and scrambled for funds. In early trading today, north-east funds bought a net 8.27 billion yuan unilaterally, including 3.664 billion yuan for Shanghai Stock connect and 4.607 billion yuan for Shenzhen Stock connect.
Since December, northbound funds have accelerated the pace of net purchase: as of the noon closing, the monthly net purchase has exceeded 84 billion yuan, and the probability will hit a record high for the monthly net purchase of northbound funds.
YueKai securities strategy team said that Shanghai and Shenzhen Stock connect has always had a “tail raising market”, and the configuration of Shanghai and Shenzhen Stock connect is often the big month from the fourth quarter to the beginning of the next year. Looking back at the history, the proportion of net inflow in total net inflow (rolling for 12 months) in 2017 / 2018 / 2019 / 2020 (November of the first year to January of the next year) was 25.0%, 38.7%, 52.2% and 73.7% respectively, and the median level was 45.42%, accounting for almost half of the country.
In addition, as of today’s noon closing, the net inflow of A-share northbound funds in 2021 has reached 427.724 billion yuan, which is far higher than the previous historical record of 351.743 billion yuan in 2019.
It is worth noting that in 2019, the three major international indexes led by MSCI, FTSE Russell and S & P Dow Jones focused on or expanded the inclusion factors of a shares. Under this background, the northward capital inflow in that year exceeded 350 billion yuan. Since this year, MSCI and FTSE Russell have not further improved the inclusion factors of a shares. This also means that the foreign capital inflow of more than 400 billion this year is not the result of passive capital following the “mechanical allocation” of the index, but the active capital allocation of a shares.
According to the flow data of foreign funds according to EPFR statistics, the inflow of overseas funds from 2015 to 2020 is dominated by passive funds, with greater fluctuations in active funds and less obvious inflow trend, which is also consistent with the background of incremental funds brought by large international index companies such as MSCI and FTSE Russell gradually entering the A-share market from 2015 to 2020. Since this year, the cumulative inflow of foreign active funds tracked by EPFR into A-Shares has increased rapidly, and the attraction of Chinese assets in the international market has gradually increased.
yuan universe theme is popular
stocks rise in general
In early Thursday trading, the concept of meta universe rose again, Beijing Fengshangshiji Culture Media Co.Ltd(300860) 20% limit, Kaiser (China) Culture Co.Ltd(002425) , Dalian Zeus Entertainment Co.Ltd(002354) and other stocks rose by more than 9%. Under the leadership of the concept of meta universe, relevant sectors such as mobile games, media and virtual reality are collectively active and rising sharply.
Semiconductors, chips and other science and technology topics ushered in a rebound. The 100 billion giant Unigroup Guoxin Microelectronics Co.Ltd(002049) rose by the limit, and many stocks such as Gigadevice Semiconductor (Beijing) Inc(603986) , Anhui Tongfeng Electronics Company Limited(600237) , Grinm Advanced Materials Co.Ltd(600206) rose.
Defense, military industry, big finance and other sectors were active, Shaanxi Aerospace Power Hi-Tech Co.Ltd(600343) trading limit; The Baijiu plate, which had been largely retreated yesterday, has also rebounded. Many stocks such as Luzhou Laojiao Co.Ltd(000568) and Shede Spirits Co.Ltd(600702) have pulled up in different ranges. Only a few resources such as coal and petrochemicals are performing poorly on the disk.
Haitong Securities Company Limited(600837) said that towards the end of the year, all funds in the market are more cautious, and new hot spots in the coming year are brewing. Under the background of stable growth and the surrounding loose cycle, the market as a whole still has a foundation for support and boost. The layout and mining can be carried out from three angles: first, track the performance of construction machinery, household appliances, food and beverage industries from the perspective of stable policy growth; Second, it can pay attention to the financial and value blue chips with high attention to northward funds; Third, science and technology and new energy with relatively certain growth.
(Shanghai Securities News)
