In the context of the overall decline of foreign capital risk appetite, some A-share targets obtained northward capital and increased their positions against the trend. Yesterday, northbound funds bought a net 911 million yuan against the trend when the market fell. Among the specific stocks, Contemporary Amperex Technology Co.Limited(300750) received a net purchase of 632 million yuan, Ping An Insurance (Group) Company Of China Ltd(601318) received a net purchase of 238 million yuan and Wuxi Apptec Co.Ltd(603259) a net purchase of 211 million yuan.
Zhang Junxiao, chief strategist at Guosheng securities, said that since April, the additional allocation of foreign capital has mainly covered three directions: first, the financial and real estate sector, banks and real estate have increased their holdings by 2.31 billion yuan and 1.36 billion yuan respectively; Second, in the infrastructure sector, public utilities, building materials and architectural decoration were increased by 1.04 billion yuan, 1.0 billion yuan and 740 million yuan respectively; Third, the boom technology sector, power equipment and electronics were increased by 3.32 billion yuan and 1.29 billion yuan respectively.
Zhang Junxiao believes that combined with the north capital flow in March and the market performance since April, the north capital is more “trend tracking” strong position replenishment for banks and real estate, while more “sustainable contrarian Holdings” for infrastructure sector (utilities, construction) and boom Technology (new energy + Electronics).
According to the data since this year, as of April 20, the market value of A-Shares held by Shanghai and Shenzhen Stock connect was 2.16 trillion yuan, accounting for 3.38% of the market value of circulating a shares, down 0.3 percentage points from the end of last year.
If the average transaction price in the range is multiplied by the change in the number of shares, it can be simply estimated that Zijin Mining Group Company Limited(601899) ranks first in the two cities among the stocks that have received a significant increase in positions from the north this year, with a net purchase amount of 7.922 billion yuan. From a fundamental point of view, the rise in global commodity prices combined with the advantages of low valuation of resource stocks, even if there is a correction recently, Zijin Mining Group Company Limited(601899) the cumulative increase in the year is still more than 13%, showing a strong performance against the background of the overall weakness of the market.
In addition to Zijin Mining Group Company Limited(601899) , Nari Technology Co.Ltd(600406) has also purchased more than 7 billion yuan of northward capital this year, and the net inflow of northward capital of leading stocks in finance and infrastructure industries such as China Yangtze Power Co.Ltd(600900) , Postal Savings Bank Of China Co.Ltd(601658) , China State Construction Engineering Corporation Limited(601668) ranks first.
Huaxi Securities Co.Ltd(002926) statistics show that from the perspective of sector configuration, since the beginning of the year, Shanghai and Shenzhen Stock connect funds have increased their positions on the main board (+ 2.24 percentage points) and the science and Innovation Board (+ 0.12 percentage points), and reduced their positions on the gem (- 2.36 percentage points). In terms of the net flow of the industry, Shanghai and Shenzhen Stock connect mainly flows into banking, non-ferrous metals, electrical equipment, building decoration, public utilities and other industries, and mainly flows out of pharmaceutical and biological, food and beverage, computer, automobile, electronics and other industries.
