Incremental funds from the four roads entered the market and the turnover of the two cities exceeded 1 trillion yuan
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Original title: Four-way incremental capital cooperation entered the two cities. The turnover of the two cities exceeded one trillion yuan. Reporter Fei Tianyuan ○ Edited by Zhu Yin after a lapse of nearly a year, the Shanghai and Shenzhen cities’ turnover exceeded one trillion yuan.
Finally closed yesterday, the Shanghai Composite Index reported at 2975.
40 points, down 0.
32%; Shenzhen Stock Exchange Index reported 11235.
60 points, down 0.
63%; ChiNext Index reported 2139.
44 points, down 1.
A total of 10,388 was traded in Shanghai and Shenzhen.
1.5 billion yuan.
The last time the turnover of the two cities stood at more than one trillion yuan, going back to April 8, 2019.
Shenzhen market turnover is significantly larger than Shanghai market since this year, Shenzhen market turnover has continued to significantly outperform the Shanghai market.
Taking yesterday as an example, the Shanghai Composite Index traded at 3813 throughout the day.
At 3.1 billion, the Shenzhen Stock Exchange closed at 6574.
8.4 billion, Shenzhen’s turnover was more than 70% higher than the Shanghai Stock Exchange.
This feature is similar to the transaction volume of the two cities breaking the trillion-dollar for the first time at the end of 2014.
On December 5, 2014, the turnover of the Shanghai and Shenzhen markets exceeded the trillion mark for the first time in history. On the same day, the turnover of the Shenzhen Stock Exchange Index was about 55% higher than that of the Shanghai Stock Exchange Index.
After that, A shares opened the big bull market in the first half of 2015, and the turnover of the two markets once climbed to more than 2 trillion.
The significant difference in the scale of Shanghai and Shenzhen transactions is an important feature of the recent structural differentiation of the market.
Since the index bottomed out on February 4, technology chips such as chips, cloud computing, and new energy have outperformed financial and consumer products.
According to Shenwan’s first-level industry division, since February 4, the computer industry has risen to the top, reaching 25.
92%, the electronics and communications technology industry rose more than 18%.
In terms of scale, the banking sector rose at the bottom, only 3.
34%, food and beverage, household appliances industry rose within 10%.
Yesterday’s disk, the top five stock turnover, with four technology stocks.
Ningde Times traded 65 throughout the day.
9.9 billion yuan topped the list. ZTE, BOE A’s turnover exceeded 5 billion yuan, and San’an Optoelectronics sold 49.
1 billion yuan.
CITIC Securities became the only non-tech stock in the top five, with a turnover of 50 yesterday.
Four-way incremental funds collectively increase positions The Shanghai and Shenzhen markets have returned to the trillion mark, which is inseparable from the four-way incremental funds collectively increasing positions.
The first is northbound funding.
Yesterday, Northbound funds made a net purchase of 37 throughout the day.
Since this year, Northbound funds have gradually bought 765 net.
$ 3.9 billion, nearly a quarter of last year.
Leading companies in the consumer and financial sectors are still the focus of northbound funding.As of February 18, the top ten heavy stocks of Northbound Capital were still consumer stocks and financial stocks.
The second is institutional funds.
With the recent rebound in market sentiment, explosive funds appear again.
At the beginning of this year, the Bank of Communications kernel-driven hybrid absorbed more than 50 billion yuan in one day, becoming the first explosive fund in 2020.
Subsequently, Penghua’s technological innovation mix, and Hongde Fengrun’s three-year holding period were also sold out in one day.
The scale of the first subscription of Guangfa Technology Pioneer managed by last year’s performance champion Liu Gezhen was more than 90 billion, and the final confirmed share was 8 billion.
On February 18th, Chen Guangming’s Ruiyuan Fund’s second public offering product, Ruiyuan’s balanced value three-year holding period, the hybrid fund easily reached the $ 6 billion initial fundraising scale, triggering a proportional placement, and the total subscription amount was about 120 billion, creating a 西安耍耍网 domestic public offering fund.The highest subscription record in history, the final placement ratio may be about 5%.
The third is financing funds.
Affected by factors such as the Spring Festival holiday, the financing balance of Shanghai and Shenzhen reached a stage low of 10,140 on February 4.
But through the rebound of the index, financing funds began to return sharply.
As of February 18, the financing balance of the two cities has increased by nearly 50 billion to 10620.
Hot technology stocks are the first choice for funders to increase their positions recently.
As of February 18, the top three stocks in financing net purchases since the beginning of this year were the Ningde Times, Guoxuan Hi-Tech and UFIDA, and the net financing purchases gradually exceeded 1.3 billion.
Fourth, individual investors.
The latest data released by the China Clearing website shows that the A-share market added 80 new investors in January.
07 million people, the number of investors at the end of the period was 16,055.
300,000 people, this is the first time that the number of A-share investors exceeded 1.
Among them, natural person investors added 79 in January.
750,000 people, the number of natural person investors at the end of the period reached 16,016.
The structural market is expected to continue. CITIC Securities Qin Peijing’s strategy team believes that the switching companies have resumed work one after another, and incremental allocation of funds has begun to search for “depressions”, which are repeated with momentum funds.
Driven by policies and incremental liquidity, there is still momentum in the market, and technology is still the main line of this kind.
China Merchants Securities Zhang Xia (Jin Qilin analyst) strategy team said that the technology up cycle, information consumption is still the most important direction at present; the implementation of the refinancing new policy will also become more active in the small and medium market value sector.
Policy variables will play an increasingly important role in future stock markets.
Whether it is the end of 2014 or the beginning of 2019, the turnover of the two cities exceeded the trillion average value, which brought a bull market for A shares.
From the perspective of most institutions, the current structural bull market of A shares will continue, and the theme of technology is expected to continue to be the main line of the market.
Zhang Yidong, Global Chief Strategy Analyst, Industrial Securities, recently adjusted his judgment on the broad index space of the A-share and Hong Kong stock markets during the year, from an index bull market (that is, an annual increase of more than 20%) to a balanced market (an annual increase of about 10%).
Zhang Yidong believes that unless there is a small probability event of a “global stock market bear market,” neither A shares nor Hong Kong stocks will have a systematic bear market.
The structural market dominated by core assets of advanced manufacturing has gradually changed.