The main fund “inadvertently in love” bank segment was favored against the market
Source: China Securities Journal reporter Ye Tao Wind data shows that on the 22nd, the Shanghai and Shenzhen markets were a net substitute for 223 throughout the day.
5.1 billion yuan, a change in the net inflow layout the day before.
Analysts believe that although the A-share market has recently adjusted in terms of shocks, it tends to stabilize and even form anti-pumps when it reaches around 2850 points in the broad market. In the short term, this point is clearly supported.
From the perspective of funds, although the overall layout of the overall layout continues, local attractions have begun to emerge.
In the past few trading days, the banking sector has continued to receive funding attention, and the scale of net inflows in the stage has been unique in the sector.
The main funds turned into a net reduction yesterday. A shares returned to the adjustment channel yesterday. The net decrease in the northward capital expanded and there was no clear signal of incremental assistance. The main funds also couldn’t help avoiding the risk aversion mentality, and yesterday chose to watch the game again.
Wind data shows that the main scale of net reduction from the two cities yesterday was 223.
5.1 billion yuan, while the market realized a net inflow of 64 the previous day.
The GEM net growth scale increased slightly from the previous month, from 15 on Tuesday.
4.8 billion to 19.
8.6 billion yuan.
In fact, yesterday, the Shanghai and Shenzhen 300 plates and small and medium-sized board funds flow also reversed, from the previous day’s net inflow to a net alternation.
It should be noted that extremely uncontrollable risks have always been the key factor in suppressing the risk appetite of funds in the recent stage, which will have an impact on the short-term market trend. Investors need to be vigilant against such risks.
This is also an important reason for the main funds to choose a net replacement in stages.
However, how to adjust and continue to expand, some brokerage institutions’ expectations for the future will change at the same time.
According to the analysis of Huaxin Securities, the current index has fallen and 杭州桑拿 decelerated. The round of daily line adjustment from the peak of 3288 points in this round has been adjusted. In terms of time period, it should usually be within 24-30 trading days, and 28 have been run so far.On the trading day, the budget adjustment space is also close to 500 points. As far as the daily level adjustment cycle is concerned, regardless of time, the space is close to the end of the adjustment period. The short-term index is expected to stabilize near 2800 points, thus starting a new round of technical rebound.
And, in the last three trading days, although the index adjustment is still continuing, the main net inflows have been continuously obtained in the late stage. Among them, there is no lack of segmented operation directions. The effect of regaining money in the future is picking up. Hedge funds are likely 杭州夜网论坛 to return to A shares.Set off a new round of market.
Wind data favored by the banking sector also showed that the net reduction of leisure services, textiles and apparel, and the communications sector was relatively large, specifically 2301.
330,000 yuan, 1.
3.9 billion yuan and 1.
5.9 billion yuan.
Yesterday, only the banking sector stood out in the market, gaining 7461.
130,000 yuan net inflow.
From the perspective of market performance, the performance of the banking sector was not outstanding yesterday, falling by 0 throughout the day.
29%, ranking eighth in the Shenwan first-level industry.
However, this does not prevent the main funds from continuing to pursue the banking sector.
According to Wind data, in the past three trading days, among all the 10,000-level industries that have been subscribed for, only the banking sector has realized a net inflow of funds, with a cumulative net inflow of 11.
7.7 billion yuan.
This may stem from both offensive and defensive characteristics of the banking sector.
Shenwan Hongyuan Securities believes that looking forward to the future, there may be two situations: The first is that the economy continues to stabilize and improve, and banks can enjoy the absolute benefits brought by the improvement of fundamentals, similar to 2017.
In 2017, although the policy shifted to reasonable budgetary supplementary measures, the fundamentals of banks still benefited from the stabilization of the economy and the upward movement of the interest rate curve, and the sector achieved absolute returns.
The second scenario is that the economy is falling again. Based on the uncertainty of the sector’s profit substitution, it is estimated that it is cheap and gradually underperforms. Banks will achieve relative returns. Similar to 2018, the downward pressure on the economy has increased but policy expectations have turned positive again.Relative returns.