Northbound funds brush the record of net purchase in a single day in the new year; This week, a large-scale bottom reading of undervalued bank stocks.
northbound capital inflow hit a new high this year
Recently, the peripheral stock market has fallen sharply, and A-Shares have once again become a "safe haven" for funds. On Friday, the LPR quotation was released in May, and the "interest rate cut" was 15 basis points. The A-share index strengthened across the board. The Shanghai index closed up 2.02% this week, and the Shenzhen Component Index and gem index both rose more than 2.5%.
According to the statistics of securities times and databao, the net inflow of northbound funds for two consecutive days on Thursday and Friday, of which the single day net inflow on Friday reached 14.236 billion yuan, a new high this year. This week, the total net inflow of funds from the North was 15.218 billion yuan, the net inflow of Shanghai Stock connect was 11.489 billion yuan, and the net inflow of Shenzhen Stock connect was 3.729 billion yuan.
In terms of net purchase, undervalued banking sector was favored by northbound funds again, with a net purchase of more than 3 billion yuan ; The net purchase of public utilities and chemical industry exceeded 1 billion yuan; The net purchases of electrical equipment, mechanical equipment and automobiles all exceeded 100 million yuan.
In terms of net sales, the pharmaceutical, biological and real estate sectors were cashed out by more than 1 billion yuan from the north, and the holdings of light industry manufacturing and media were also reduced by more than 100 million yuan.
In terms of shareholding, since 5, the six sectors of environmental protection, public utilities, building materials, food and beverage, communication and transportation have increased their holdings of . Among them, the increase of environmental protection holdings was the largest, 9.44%; The range of public utilities in the second place was 6.26%.
BEIXIANG capital buys a large number of bank shares
According to the statistics of data treasure, 41 shares were listed on the list of active capital transactions in the north this week. In terms of net purchases, the net purchases of China Merchants Bank Co.Ltd(600036) a week from northbound capital of 1.765 billion yuan topped the list. Northbound funds bought several bank shares at the same time, Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , with net purchases of more than 600 million yuan Sungrow Power Supply Co.Ltd(300274) was heavily sold by northbound funds, with a net sales of 792 million yuan this week.
Under the favorable effect of the 15 basis points reduction of the five-year LPR, the Shenwan bank index rose sharply by 1.79% on Friday China Merchants Bank Co.Ltd(600036) ended the personnel shock and officially appointed Wang Liang as the new president, becoming the fourth president after Wang Shizhen, Ma Weihua and Tian Huiyu.
Affected by the superposition of advantages and benefits, China Merchants Bank Co.Ltd(600036) the share price reversed the trend of continuous sharp decline on the same day, opened higher and walked higher, closing up 5.07%, and the north capital increased its holdings of 17920700 shares on the same day. The stock's share price rose 7.56% in a week, and northbound funds increased their holdings of 458004 million shares in total China International Capital Corporation Limited(601995) the latest research report points out that China Merchants Bank Co.Ltd(600036) is given a maximum target price of 60.3 yuan, 50.9% higher than the latest price of 39.96 yuan.
Orient Securities Company Limited(600958) believes that the sharp reduction of five-year LPR releases a strong signal of "steady growth". It is predicted that under the pressure of steady growth in the second quarter, the policy strength is expected to be further improved and continue to increase to support the economy. As of May 20, the valuation level of the static average price to book ratio of the banking sector was only 0.55 times, which is still at a historical low in the second half of the year, the steady growth policy continued to work, and the bank fundamentals still have sufficient support. We are optimistic about the opportunity to repair the valuation of the sector
However, the trend of the real estate sector that should also benefit from the reduction of five-year LPR is endless. On Friday, when the major positive news came out, the sector index fell by 1.26% and rose slightly by 0.57% in a week. The northbound funds fled more than 1 billion yuan this week; Among them, Poly Developments And Holdings Group Co.Ltd(600048) , China Vanke Co.Ltd(000002) was sold by the north with a net amount of 293 million yuan and 35 million yuan.
The reason is that although the policies of the real estate sector have been favorable recently, the industry sales data are not ideal, and the problem of tight capital chain is still like the hanging "sword of dalmos". According to the data of the Bureau of statistics, the sales area of commercial housing decreased by 20.9% year-on-year from January to April. According to the data of Shell Research Institute, from January to April, the domestic and overseas bond financing of real estate enterprises totaled about 235 billion yuan, a year-on-year decrease of 41%. In April, the maturing debt gap of real estate enterprises returned to 40 billion yuan.
In addition, this week, 8 shares were reduced by a large proportion of northward funds, and the shareholding ratio decreased by more than 1% Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , Shanghai Zijiang Enterprise Group Co.Ltd(600210) , Hunan Goke Microelectronics Co.Ltd(300672) , the proportion of northbound capital holdings decreased by more than 1.5%.
23 shares have been increased by northbound funds for seven consecutive weeks
According to the statistics of data treasure, as of May 20, a total of 23 shares had been increased by northward funds for seven consecutive weeks. Of which Eoptolink Technology Inc.Ltd(300502) gained the largest share increase, up to 416.38% China Southern Power Grid Energy Efficiency&Clean Energy Co.Ltd(003035) , Suzhou Maxwell Technologies Co.Ltd(300751) increased holdings by more than 100% Anhui Jinhe Industrial Co.Ltd(002597) , Amlogic (Shanghai) Co.Ltd(688099) is more than 70%.
From the perspective of the proportion of additional shares in circulating shares, Eoptolink Technology Inc.Ltd(300502) , Suzhou Maxwell Technologies Co.Ltd(300751) , Advanced Micro-Fabrication Equipment Inc.China(688012) proportion reaches more than 2% Anhui Jinhe Industrial Co.Ltd(002597) , Amlogic (Shanghai) Co.Ltd(688099) , Yonghui Superstores Co.Ltd(601933) , Sinoseal Holding Co.Ltd(300470) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) , Milkyway Chemical Supply Chain Service Co.Ltd(603713) , etc. 6 shares exceeded 1%.
In terms of industry, there are four stocks in banking, public utilities and electronics respectively, and mechanical equipment, power equipment and basic chemical industry are also involved.
In terms of market conditions, the 23 share capital rose by an average of 2.04% in the week, of which both power equipment stocks rose by more than 7%, and all electronic and utility stocks also recorded gains Ningbo Orient Wires & Cables Co.Ltd(603606) performed best, up 8.22% in a week.
