On January 25, the A-share market fluctuated after opening low. As of the noon closing, the Shanghai index fell 1.12%, the Shenzhen Component Index fell 1.17% and the gem index fell 1.08%. The number of stocks falling in the two cities exceeded 4000.
In terms of funds, the data showed that as of the noon closing, the net outflow of funds from the North was 2.886 billion yuan, including 1.383 billion yuan from the Shanghai Stock connect and 1.503 billion yuan from the Shenzhen Stock connect.
defense and military industry sector rose against the market
high end stocks fell sharply
Today, most individual stocks fell. As of the noon closing, only 536 stocks rose in the two cities, of which 29 stocks rose by the limit; The number of falling stocks was 4044, and 23 stocks fell by the limit.
Among the Shenwan level industries, only the defense and military industry rose by 0.13%, while all other industries fell. The media, comprehensive and coal industries led the decline, falling by 4.05%, 3.27% and 3.15% respectively.
The defense and military industry sector rose against the market trend, visualizing the 20% limit of science and technology, Xi’An Chenxi Aviation Technology Corp.Ltd(300581) , Jiangxi Xinyu Guoke Technology Co.Ltd(300722) rose by more than 10%, and Guangdong Kingstrong Technology Co.Ltd(300629) , Chengdu Ald Aviation Manufacturing Corporation(300696) also rose significantly.
In addition, the precious metal sector with risk aversion rose against the market, with Hunan Gold Corporation Limited(002155) rising by more than 6%, Western Region Gold Co.Ltd(601069) , precious gold and silver industry rising by more than 3%, Shandong Gold Mining Co.Ltd(600547) , Zhongjin Gold Corp.Ltd(600489) , Shandong Humon Smelting Co.Ltd(002237) rising by more than 2%.
The early hot high-level stocks Jinghua Pharmaceutical Group Co.Ltd(002349) , Zhejiang Yatai Pharmaceutical Co.Ltd(002370) , Zhejiang Jianfeng Group Co.Ltd(600668) fell by the limit, Shanghai Kaikai Industry Company Limited(600272) , Kunming Longjin Pharmaceutical Co.Ltd(002750) , Bingshan Refrigeration & Heat Transfer Technologies Co.Ltd(000530) , Beijing Cuiwei Tower Co.Ltd(603123) , Bank of Lanzhou and Andon Health Co.Ltd(002432) once known as the “demon king” fell sharply.
The recent strongest “meat grinder” Jiangxi Fushine Pharmaceutical Co.Ltd(300497) 3.5 trading days fell by more than 50%, from the high of 29.40 yuan / share on January 20 to 14.57 yuan / share at noon today, down 50.44%, and a large number of active funds were buried. Jiangxi Fushine Pharmaceutical Co.Ltd(300497) on January 20, the turnover was 5 billion yuan, on January 21, the turnover was 2.83 billion yuan, on January 24, the turnover was 1.44 billion yuan, and today’s half day turnover was 1.09 billion yuan.
the net inflow of northbound funds has exceeded 46 billion yuan since January
Since January, a number of stock markets around the world have fallen to varying degrees, and funds from the north have continued to be distributed.
According to the data, as of January 24, the cumulative net inflow of funds from the North was 46.298 billion yuan, including 36.167 billion yuan from the Shanghai Stock connect and 10.131 billion yuan from the Shenzhen Stock connect. The total market value of northbound capital positions is 2.70 trillion yuan, a decrease of 59 billion yuan compared with the beginning of the year. It is calculated that northbound capital has increased its positions by 46.298 billion yuan, and northbound capital has lost more than 100 billion yuan since January.
As of January 24, the top stocks of northbound capital since January were China Merchants Bank Co.Ltd(600036) , Ping An Insurance (Group) Company Of China Ltd(601318) , Nari Technology Co.Ltd(600406) , Ping An Bank Co.Ltd(000001) , Yunnan Energy New Material Co.Ltd(002812) , with the amount of increased positions of 6.25 billion yuan, 3.25 billion yuan, 3.175 billion yuan, 2.573 billion yuan and 2.149 billion yuan respectively.
Top 10 shares of capital increased positions in the North
The stocks with the highest positions were Jiangsu Hengrui Medicine Co.Ltd(600276) , Aier Eye Hospital Group Co.Ltd(300015) , China Tourism Group Duty Free Corporation Limited(601888) , China stock market news, Midea Group Co.Ltd(000333) , and the positions were reduced by 2.753 billion yuan, 2.651 billion yuan, 2.425 billion yuan, 2.295 billion yuan and 2.115 billion yuan respectively.
Top ten shares of North fund position reduction amount
In the context of China’s steady growth and broad currency, northbound funds continue to increase their positions against the market. Hu Po, manager of private placement network fund, believes that it is not appropriate to be overly pessimistic in the current environment. The correction of index is often the timing of layout. After full adjustment, the market may have a better performance.
“market bottom” is gradually approaching
The A-share market with its own operation rhythm is disturbed by external factors in the short term. For the current market, China International Capital Corporation Limited(601995) said that in the future, with the continuous introduction of “stable growth” policy, the possible improvement of forward-looking indicators and the gradual stabilization of economic growth, the market sentiment is also expected to be repaired. In terms of style, “steady growth” is still the main line of the future stage. The space for sharp decline in the growth style may be relatively limited, and the “steady growth” style may last until about the end of the first quarter.
Haitong Securities Company Limited(600837) said that the spring market of A-Shares has never been absent in the past 20 years, and the spring market with the background of stable growth policy, such as 2012, the end of 2014 – the beginning of 2015 and 2019. The common characteristics of the steady growth spring market are: value first and then growth. In the early stage, the value of Shanghai and Shenzhen 300 and national securities led the rise, and in the later stage, the growth of gem and national securities led the rise. The steady growth policy is clear this time. The market background in spring is similar to that in the previous three times. The value and growth are expected to take turns, such as underestimated large finance, real estate and hard technology of new infrastructure.
Citic Securities Company Limited(600030) said that the “emotional bottom” is coming, and it is expected that the market capital will resume inflow. The “market bottom” is gradually approaching. It is suggested to continue to focus on the “two low” layout of blue chips to meet the starting point of the market in the first half of the year.
