Data review
Stock market liquidity: market sentiment has been depressed in the last week, with a net inflow of A-share funds of – 62 billion yuan, compared with the previous value of – 86 billion yuan.
Increased market volatility and low domestic sentiment: Recently, the volatility of A-share market has increased, capital risk preference has declined, and the market sentiment is low. In the last week, the newly established partial share public offering fund was 6.5 billion yuan, further down from the previous value of 11.3 billion yuan. Since this year, the public offering has been significantly cold; In addition, the trend of private equity expansion slowed down. As of February 2022, the management scale of private equity securities funds was 6.3 trillion yuan, a month on month decrease of 2 billion yuan compared with January 2022, and a month on month decrease for the first time since November 2019; Leveraged funds also accelerated their departure. The added value of financing balance in the recent week was – 26.6 billion yuan, and the outflow scale was wider than 14.7 billion yuan in the previous week.
Foreign capital accelerated to leave the field, selling Baijiu and medicine: after a week’s large outflow of 36 billion 300 million yuan a week, the capital of north capital once again ran out of 16 billion 700 million yuan in the latest week. Up to 3/21, the net outflow of funds in the north of the capital was 59 billion 200 million yuan in the single month, which was only 67 billion 900 million yuan after the outbreak of the outbreak in March 2020. Structurally speaking, foreign capital mainly sells Baijiu, medicine, non silver and power equipment.
Risk warning: the scale of capital entering the market is roughly estimated, which is only for investors’ reference; The second outbreak of the epidemic caused the performance of enterprises to fall short of expectations; Inflation rose faster than expected.
