Northbound funds re-taste! Binge drinking”two barrels of oil”, a large increase in steel, non-ferrous leading stocks, these technology stocks have been reduced (list attached)
The market was volatile this week. The Shanghai Composite Index and the Shenzhen Component Index rose 2.04%and 0.71%, respectively, while the ChiNext Index fell 1.47%. When the performance of the three major indexes diverged, Northbound funds also appeared strong in Shanghai and weak in Shenzhen.
Choice data shows that this week’s cumulative net inflow of northbound funds was 5.510 billion yuan, of which 8.44 billion yuan was in Shanghai Stock Connect and 2.929 billion yuan was in Shenzhen Stock Connect. This week, Northbound Funds increased their positions in 747 stocks and lightened their positions in 700 stocks. Since November, the accumulated net inflow of northbound funds has reached 36.139 billion yuan.
Northbound funds add to 747 stocks
For details, the Choice data shows that, On November 16, a net inflow of northbound funds was 2.589 billion yuan, a net inflow of 53 million yuan on November 17, a net outflow of 14 million yuan on November 18, a net inflow of 438 million yuan on November 19, and a net inflow of 2.443 billion yuan on November 20 yuan.
The flow of northbound capital this week
How did the northbound capital increase its position with the net inflow of over 5 billion yuan this week? of?
Choice data shows that as of November 20, the market value of northbound fund holdings was 2.09 trillion yuan. This week, the market value of northbound fund holdings increased by about 27.7 billion yuan, adding a total of 747 stocks.
This week, Northbound Funds added more than 10 million shares to 60 stocks, and Luoyang Molybdenum was added 115 million shares, which is far ahead. Sinopec, Baosteel, Baotou Steel, China Everbright Bank, and PetroChina were added to over 50 million shares, which were 71,816,400 shares, 67,666,600 shares, 64,933,900 shares, 62,556,500 shares, and 52,251,400 shares. Among the top ten stocks of northbound capital increase stocks, cyclical stocks and bank stocks account for the majority.
This week, the number of stocks added to the Northbound funds ranks in the top ten stocks
From the perspective of the proportion of outstanding shares held, Choice data shows , This week, the proportion of Northbound Funds holding tradable shares of 6 stocks increased by more than 1%, of which the proportion of tradable shares held by Xianhe shares increased by 3.72%, and the proportion of Xuji Electric and Lao Baiganjiu increased by 2.84%and 1.27 respectively. percentage point.
This week, the proportion of Northbound capital tradable shares increased among the top ten stocks
From the perspective of changes in the market value of positions, Choice data shows that the The market value of Zhou Beixiang’s holdings of 20 stocks increased by more than 500 million yuan, and the increase in the market value of Ping An of China, Ping An Bank, and Gree Electric Appliances ranked first, with the market value of holdings increased by 5.563 billion yuan, 3.507 billion yuan, and 2.25 billion yuan respectively.
This week, the top ten stocks with the increase in market value of northbound capital holdings have been reduced by 9,436 million shares of China Merchants Bank. Other stocks have been increased by northbound funds. Poly Real Estate added more than 20 million shares to the stock, which shows the preference of Northbound funds for low-valued stocks.
From the perspective of market performance, the top ten stocks with the increase in market value of northbound fund holdings all rose this week. Ping An Bank rose the most, reaching 9.78%, Industrial Bank, Poly Real Estate rose more than 7%.
This week’s top ten stocks with increase in market value of Northbound fund holdings
700 stocks were lightened
As the net inflow of northbound funds exceeded 5 billion yuan this week, many stocks were lightened by northbound funds. Choice data shows that this week, Northbound funds have lightened up 700 stocks, and 28 of them have lightened up more than 10 million shares. Nanshan Aluminum, which has the largest number of shares to lighten up, was lightened by 63,870,000 shares. Oriental Fortune, China State Construction, Yangtze River Power, Guangfa Securities, Tongling Nonferrous Metals Lighten up over 30 million shares.
From the perspective of market performance, this week’s northbound capital lightening stocks ranked among the top ten stocks. Only Yangtze Power and Guangfa Securities fell, while other stocks rose. COSCO Shipping Holdings rose by more than 30%.
This week, Northbound funds lighten up the top ten stocks in the number of shares
From the perspective of the proportion of outstanding shares held, Northbound funds this week For Bafang shares, Proya, Sophia and other 7 stocks have a reduction of more than 1%in the proportion of outstanding shares. It’s worth noting that this week’s Northbound funds increased their positions in Bafang shares and Proya. The reason for the significant decrease in the proportion of outstanding shares held The circulation disk increased substantially.
From the perspective of market performance, this week, the proportion of Northbound funds holding tradable shares decreased. The top ten stocks fell more and rose less, and the largest decline was Sophia fell 4.01%, and Ecody, the biggest gainer, rose 15.24%.
This week, the proportion of tradable shares held by Northbound funds decreased among the top ten stocks
From the perspective of changes in the market value of holdings, Northbound this week The market value of capital holdings of 13 stocks decreased by more than 500 million yuan, and the market value of Lixun Precision, China’s CDF, and Aier Ophthalmology were the first to decrease. The market value of holdings decreased by 1.99 billion yuan, 1.525 billion yuan, and 1.520 billion yuan respectively. Among the top ten stocks for the decrease in the market value of their holdings this week, except for China CDF and WuXi AppTec, which were increased by 1,594,400 shares and 975,900 shares by Northbound Funds, all other stocks were reduced.
From the perspective of market performance, among the top ten stocks for the decrease in market value of northbound fund holdings this week, except for Oriental Wealth, which rose 3.08%, other stocks fell. WuXi AppTec saw the largest decline, down 7.31%.
This week’s top ten stocks for the decrease in market value of Northbound fund holdings
Foreign capital will continue to flow in
The president of Pacific Securities Research Institute Huang Fusheng said that foreign capital has become one of the key funds that affect the pace of the market. Under the global easing tide, China has advantages in epidemic control and economic recovery. The room for RMB appreciation has opened up, and the pace of opening up to the outside world continues to increase. RMB assets are highly attractive to foreign capital. Foreign capital will still be an important increase in A shares in 2021 It is estimated that the inflow scale can reach 250-300 billion yuan.
Huatai Securities stated that foreign capital will continue to flow in. On the one hand, based on overseas experience, the expansion interval of MSCI is about 2-4 years, and the proportion of foreign shareholding and the proportion of turnover continue to increase. With the increase in the degree of opening up of the domestic capital market and the improvement of the system, international indexes such as MSCI and FTSE may further increase the weight of A shares.
On the other hand, capital market reform and opening up are the key to the long-term continuous inflow of foreign capital. There is a possibility that the upper limit of foreign shareholding may be relaxed, and systems such as QFII and RQFII will continue to improve. Therefore, it is expected that the incremental overseas funds in 2021 are expected to reach 200-300 billion yuan. In terms of preference style, foreign investors, represented by Beijing Capital, prefer leading stocks in major sub-sectors such as technology, consumption, and finance.
p class=”pgc-end-source”>Editor:Li Ruoyu Ye Song