The net inflow of funds going north this week was 15.218 billion yuan, with a cumulative net inflow of 1622083 billion yuan. In the last 30 trading days, the net inflow of funds from Beishang was 30.315 billion yuan. The proportion of foreign holdings in circulating A-Shares was 3.74%, up 0.07% from the lowest value in early April. Overseas holdings of RMB bonds decreased by 108.5 billion yuan in April 2022, and the net inflow of foreign capital since May is 5.533 billion yuan.
The top five industries that received the net purchase of northbound funds this week were banking, basic chemical industry, public utilities, food and beverage and power equipment, with a net purchase amount of 4.24 billion yuan, 1.823 billion yuan, 1.518 billion yuan, 1.199 billion yuan and 1.056 billion yuan respectively. The top five industries that obtained net sales of northbound funds were real estate, light industry manufacturing, national defense and military industry, media and non-ferrous metals, with net sales of 1.204 billion yuan, 421 million yuan, 336 million yuan, 276 million yuan and 276 million yuan respectively.
The market generally rose this week. Foreign capital bought medicine and biology in the decline and sold real estate and non-ferrous metals with strong rebound. In the past three months, the average growth rate of industries with net purchase of funds from the north is – 9.62%, and that of industries with net sales is – 13.57%. The allocation capacity of the industry is relatively good.
In the past five trading days, the 10-year US bond interest rate rose by 0.03%, the land stock heavy position index rose by 2.94%, the Mao index rose by 4.11% and the Ning portfolio rose by 6.14%. At present, the market transaction turns to the expectation of American recession, and growth stocks get a better chance to rebound under the fluctuation of narrow interest rate.
