According to a report in the securities times today (January 20), an asset manager in the insurance industry disclosed that they saw a large-scale position adjustment by an institution for the first time today. They can't carry it anymore. The direction of position adjustment is big blue chips.
It is worth noting that after today's closing, the white line representing large votes and the yellow line representing small votes on the stock index time sharing have gone out of a huge scissors gap, and large votes are far stronger than small votes.
Some market participants said that this may be affected by the "support" of bank stocks, but it is worth noting that although the "growth Mao" Changchun High And New Technology Industries (Group) Inc(000661) fell by the second limit, the Mao index rose by 1.5% against the trend and was not affected much.
In addition, northbound funds, which have always been considered to prefer big blue chips, also bucked the trend and bought more than 12.5 billion yuan, of which the Shanghai Stock connect bought more than 7.8 billion yuan.
At the beginning of last year, the market style changed sharply from white horse big blue chip to high prosperity track. Is it going to switch again now? From the game of various main forces since the beginning of the year, we may have a glimpse.
main funds: focus on raising big white horse
According to the data of China stock market news choice, excluding newly listed new shares, since this year, the main funds have bought more than 160 stocks with a net purchase of more than 100 million yuan, of which the total net purchase of the top 20 is more than 20 billion yuan, mostly white horse leading stocks in various fields.
Among them, Baidian leader Midea Group Co.Ltd(000333) is the most popular with the main funds, with a net purchase amount of more than 2.5 billion yuan, and the net purchase amount of "insurance Mao Ping An Insurance (Group) Company Of China Ltd(601318) " exceeds 2.2 billion yuan.
In addition, Industrial Bank Co.Ltd(601166) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Sany Heavy Industry Co.Ltd(600031) , Luxshare Precision Industry Co.Ltd(002475) and other net purchases exceeded 1 billion yuan; The net purchase amount of Postal Savings Bank Of China Co.Ltd(601658) , Yunnan Energy New Material Co.Ltd(002812) China Merchants Bank Co.Ltd(600036) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) exceeded 800 million yuan.
From the perspective of industry distribution, the main funds not only attract Midea Group Co.Ltd(000333) , Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) and other traditional white horse blue chips; We also actively counter the trend to sweep away leading technology stocks such as Luxshare Precision Industry Co.Ltd(002475) , Yunnan Energy New Material Co.Ltd(002812) , Yonyou Network Technology Co.Ltd(600588) , Shenzhen Dynanonic Co.Ltd(300769) .
leveraged funds: white horse, high prosperity and themes
So what tickets did the more sensitive leveraged funds buy?
According to the data of China stock market news choice, the layout of leveraged funds is broader, with traditional white horse big blue chips such as Jiangsu Hengrui Medicine Co.Ltd(600276) , China Tourism Group Duty Free Corporation Limited(601888) ; There are also Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) and other boom track leading stocks, as well as Chengdu B-Ray Media Co.Ltd(600880) , Kunlun Tech Co.Ltd(300418) , Zhejiang Conba Pharmaceutical Co.Ltd(600572) and other popular concept stocks such as digital economy, metauniverse and traditional Chinese medicine.
Specifically, despite the continuous adjustment since this year, leveraged funds have bucked the trend and bought Contemporary Amperex Technology Co.Limited(300750) for more than 1.7 billion yuan. In addition, photoresist concept Phichem Corporation(300398) and e-cigarette concept Shenzhen Jinjia Group Co.Ltd(002191) also received net purchases of more than 700 million yuan and 600 million yuan respectively.
northbound funds: prefer lithium batteries and banks
China stock market news choice data also show that northbound capital has continued to focus on lithium battery high boom tracks and banks this year. According to the average transaction price and the number of shares increased so far this year, Nari Technology Co.Ltd(600406) is the most popular with northbound funds, with an increase of more than 3.1 billion yuan; Followed by China Merchants Bank Co.Ltd(600036) , with an increase of more than 2.2 billion yuan.
In addition, Yunnan Energy New Material Co.Ltd(002812) , Longi Green Energy Technology Co.Ltd(601012) , China Yangtze Power Co.Ltd(600900) , Ganfeng Lithium Co.Ltd(002460) , Industrial Bank Co.Ltd(601166) and other holdings also exceeded 1.3 billion yuan; The amount of multi share holdings such as Shenzhen Dynanonic Co.Ltd(300769) , Ping An Bank Co.Ltd(000001) , Muyuan Foods Co.Ltd(002714) , Foshan Haitian Flavouring And Food Company Ltd(603288) exceeded 1 billion yuan
From the perspective of industry distribution, in addition to last year's boom track such as lithium battery and photovoltaic, northbound funds also actively layout green power, and the increase amount of Nari Technology Co.Ltd(600406) , and China Yangtze Power Co.Ltd(600900) shares is higher.
Financial stocks are also good for northbound funds, China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) , Bank Of Jiangsu Co.Ltd(600919) , Ping An Insurance (Group) Company Of China Ltd(601318) and other stocks are on the list.
China International Capital Corporation Limited(601995) : balanced configuration of three main lines
As for whether there will be style change, some market participants pointed out that the main line of position adjustment has always been the result of the comprehensive game of the market. Whether the scene of drastic style change at the beginning of 2020 will be staged again, and finally it is better to wait until the market gives the answer. Before the festival, it is better to lighten the position and wait and see.
China International Capital Corporation Limited(601995) put forward suggestions on Balanced Allocation: 1) areas potentially supported by marginal change or force of policies, including industrial chains related to stable demand for infrastructure and real estate (construction, building materials, household appliances, home furnishings, real estate, etc.), potential possible consumption support areas, securities companies, etc.
2) for the middle and lower reaches consumption that has been adjusted this year, the valuation is not high, and the medium and long-term prospects are still clear, choose stocks from bottom to top, including household appliances, light industry and household appliances, automobiles and parts, Internet and media, agriculture, forestry, animal husbandry and fishery, food and beverage, medicine, aviation and hotels, etc.
3) the short-term share price of the manufacturing growth sector with a large increase last year may be suppressed, including new energy vehicles, new energy and technology hardware semiconductors. The potential turnaround depends on the change of market style again. The potential time point may be at the end of the first quarter and the beginning of the second quarter.
Shanxi Securities Co.Ltd(002500) believes that the current asset prices have partially fulfilled the expectations of easing, the response of the A-share market to the implementation of subsequent easing policies may be relatively "calm", and the market "structural bull" trend remains unchanged. It is suggested to focus on the undervalued blue chip targets in the configuration.
