On Thursday, the three major indexes differentiated in early trading: the Shanghai index was relatively strong under the support of heavyweights, and both the Shenzhen Component Index and the gem index fell by more than 1%. As of midday closing, the Shanghai Composite Index closed at 326319 points, down 0.1%; Shenzhen composite index reported 1214051 points, down 1.01%; Gem index reported 265767 points, down 1.45%.
On the disk, the real estate sector continued to strengthen, 6 Tus Environmental Science And Technology Development Co.Ltd(000826) connected board, Tianjin Tianbao Infrastructure Co.Ltd(000965) 12 days 11 board. At the same time, track stocks represented by lithium batteries fell into adjustment again.
real estate sector lifted the limit
This morning, the real estate sector continued to lift the limit tide, Tianjin Hi-Tech Development Co.Ltd(600082) Liulian board, Tianjin Tianbao Infrastructure Co.Ltd(000965) 12 day 11 board Cccg Real Estate Corporation Limited(000736) , Suzhou New District Hi-Tech Industrial Co.Ltd(600736) and other stocks rose, and Poly Developments And Holdings Group Co.Ltd(600048) share price reached a new high.
Driven by real estate stocks, banks, coal and building materials sectors have improved one after another, Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) once closed the daily limit.
The concept of anti epidemic is still active, and the China Meheco Group Co.Ltd(600056) triple board has reached a new high.
At the same time, lithium battery, photovoltaic and other popular tracks have been significantly adjusted, with Byd Company Limited(002594) , Ganfeng Lithium Co.Ltd(002460) , Qinghai Salt Lake Industry Co.Ltd(000792) , Tianqi Lithium Corporation(002466) , Longi Green Energy Technology Co.Ltd(601012) falling one after another and Keda Industrial Group Co.Ltd(600499) falling by the limit.
Institutions believe that A-Shares are in consolidation and accumulation in the short term, and active funds are still focused on real estate, securities companies and stable growth related sectors. AVIC Securities said that in general, in the case of increasing internal and external uncertainties, we should try to find a relatively certain part in the uncertainty, that is, grasp the main line of China’s macro policy of “steady growth” and “focusing on ourselves”.
configured foreign capital has been transferred to inflow
In terms of capital, north-south capital maintained a net inflow in early trading, with a small net purchase of 532 million yuan. Among them, the net inflow of Shanghai Stock connect was 1.345 billion yuan and the net outflow of Shenzhen Stock connect was 814 million yuan, which was consistent with the trend of strong Shanghai and weak Shenzhen in the morning.
Since this week, the situation of large outflow of funds from the North has gradually eased. Yesterday, northbound funds bought RMB 12.725 billion unilaterally throughout the day, and the single day net purchase reached a new high since October 2021.
Liu Jinjin, chief China equity strategist of Goldman Sachs, said that the inflow of 10 billion yuan of funds to the north on Wednesday mainly reflected the easing of the situation in Russia and Ukraine, the easing of international investors’ concerns about geopolitical risks, and the recovery of European and American stock markets.
He believes that previously, overseas funds paid close attention to the possible impact of the situation in Russia and Ukraine on the Chinese market. This uncertain factor is the main factor leading to the sharp adjustment of northward funds in mid March. Liu Jinjin stressed that the special meeting of the financial stability and Development Commission of the State Council on March 16 played an important role in guiding the market and released a positive signal that it would maintain a loose policy position, which also paved the way for a strong rebound in the stock market in the future.
Liu Jinjin believes that in the medium and long term, international investors will continue to improve the allocation of A-share assets. “We remain optimistic about the judgment of the A-share market, and the probability of bottoming back to the level in mid March is low. If there is no black swan event, we think that the A-share should have 20% room to rebound by the end of the year, and the net inflow of northward funds during the year was US $75 billion.”
China Securities Co.Ltd(601066) securities statistics show that the allocation of foreign capital in northward funds has turned into inflow since last week. Specifically, last week, the inflow of configured foreign capital was 10.29 billion yuan, while the outflow of transactional foreign capital was 22.27 billion yuan. The top industries in terms of the increased amount of configured foreign capital are other medicine and medical treatment (1.42 billion yuan), power supply equipment (1.22 billion yuan) and electrical equipment (860 million yuan)
