Northbound net inflows “declined” These stocks reversed the market and increased their positions
Northbound net inflow of funds “decreased speed” These stocks were reversed to increase their positions. In terms of individual stocks, China Merchants Bank, Industrial Bank, and Ping An of China each received a net purchase 2
7.4 billion yuan, 1.
9.1 billion yuan, 1.
6.9 billion yuan.
On June 6, a net inflow of northbound funds13.
1.4 billion yuan, of which the net inflow of Shanghai Stock Connect was 16.
23 trillion, Shenzhen Stock Connect net reduction of 3.
The latest net inflow this week was 105.
As for individual stocks, China Merchants Bank, Industrial Bank and Ping An of China each received a net purchase of 2.
7.4 billion yuan, 1.
9.1 billion yuan, 1.
6.9 billion; Hengrui Medicine, Hikvision, Midea Group, and Maotai, Guizhou were net sold2.
7.9 billion, 2.
5.6 billion yuan, 1.
7.6 billion yuan, 1.
Financial stocks are the most popular. From the situation since this week, Kitakami Capital clearly favors financial stocks.
For example, Ping An of China, Industrial Bank, and China Merchants Bank all got favors from northbound funds this week. Among them, Ping An of China and Industrial Bank have been paid over 700 million yuan in net purchases.
From an industry perspective, banks (7.
1.7 billion), real estate 苏州夜网论坛 (7.
7.5 billion yuan), public utilities (0.
(5.2 billion yuan) and other industries have received northbound funding preferences, and net funding is almost obvious.
So, why is Northbound Capital sweeping the bank stocks?
Analysis believes that bank stocks can be attacked and retreated, which may be one of the important logics of the northward distribution of bank stocks.
After the continuous adjustment of the previous market, the A-share banking sector has gradually decreased by more than 10%, which has turned into an attractive force. Compared with the Hong Kong stock banks, A-share banks can be replaced.
Guotai Junan believes that June is a very good time for bank stocks to be opened, because although the progress trend is not disturbed, the disturbance does not last or may improve, but will accelerate the differentiation between banks, thus highlighting the scarcity of high-quality banks.
BOCI also stated that the sound fundamental performance of the banking sector and the estimated level of substitution will support the merger, the sector’s defensiveness is prominent, and it continues to be optimistic about the relative returns of the sector.
Entering the dividend period in June, the fundamentals performed well, and the deniers are strong and defensive.
Institutional perspective In terms of market trend research and judgment, China National Securities believes that the second layout of A shares during the year is in mid-late June, relatively optimistic about the third quarter, the fourth quarter A shares returned to the pressure track.
Fortune Securities said that if the external events progress smoothly, the market will usher in emotional repairs, and the Shanghai Index will fluctuate around the 2900-3200 range in the second half of the year.
The latest opinion of China Galaxy Securities believes that the short-term market may continue to be in the period of seismic adjustment and the downward pressure is not great, but without additional favorable conditions, the current market is difficult to break through the corresponding points of the increase in previous risks and the estimated repair.Or it will oscillate at 2850-2950.
It is recommended to grasp the main line in this turbulent range, optimize the structural configuration, and be optimistic about the long-term development of A shares.
In terms of industry configuration, our recommendation is still to grow as the main line, short-term attention to the expected restructuring and stable performance of stocks, leading companies in the industry are preferred.
Capital Securities said that after the market experienced “rapid rise” and “rapid decline” in the first half of the year, the main supporting factors changed again.
If the market growth in the first quarter is rapid and the liquidity environment is significantly loose, then in the second half of the year when the liquidity environment has limited room for improvement, the next phase of the market ‘s growth support is turned to profit support, which also determines theWill be based on “slow rise”.
In terms of market risks, rising domestic expectations and international uncertainties are still issues that deserve attention, but in general, the impact of the above risks on the market may be weaker in the second half than in the first half.small. Huatai Securities said from the perspective of macro fundamentals, three logical clues are suggested: First, the risk-free rate of decline is conducive to leading growth stocks, such as 5G, artificial intelligence, industrial Internet, the Internet of Things and other innovative infrastructure areas, which is also encouraged by the stateInnovative policy direction.
In essence, through CPI wearing PPI, optimistic about the profit repair of consumer industries such as agriculture, food and beverage, commerce and retail, and related industries may all be dominant.
Finally, if there is further expansion of the credit limit, then the cycle leader is optimistic.
In terms of operational strategy, Guotai Junan recommends focusing on two main lines: first, the offensive style is preferred.
In the rotation of style toward consumption and growth, consumption is optimistic about profitability-household appliances / food and beverages with high cost performance are estimated, and pigs, chickens, and sugar with high prosperity are supported by policies. Growth is optimistic about policy support, autonomous and controllable communications, and computers;Second, take into account sound defense.
Optimistic about undervalued, stable profitable banks and insurance.
In addition, the theme, the recommended policy direction is determined, and the pace may exceed expected fuel cells, connected cars, and state-owned enterprise reform.