Explosive buy: Northbound funds swept 18.2 billion, hitting second highest in history

Explosive buy: Northbound funds swept 18.2 billion, hitting second highest in history

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Northbound funds swept through 18.2 billion, making it the second highest in history. Core assets took the lead in rebounding. Is it really falling out of the golden pit?

Let’s see the interpretation of FireWire.
Source: Securities Times Network original Wu Shaolong “I always start to look in fear.

If I find investment targets that seem to default easily, I start buying greedily.

  -Warren Buffett On February 3, A shares opened as scheduled. The Shanghai Stock Index opened lower and lowered as expected.

In the panic, A-shares also showed many bright spots. Among them, the capital of Kitakami, known as “smart money,” attracted high attention from the market.

  Statistics show that the Shanghai and Shenzhen Stock Connect is gradually buying 181 today.

US $ 9.1 billion, the second largest single-day net purchase in history since the launch of the interconnection mechanism, after 214 on November 26, 2019.

300 million yuan.

  A-shares panicked, with more than 3,200 limit stops on February 3. After “weighing various factors,” A-shares opened as scheduled.

There is no suspense. Affected by the new crown pneumonia epidemic, A shares opened severely lower today. Among them, the Shanghai Stock Index fell at the opening.

73%, a record decline since the beginning of 1997; the Shenzhen Stock Exchange Index also fell by 9.

13%, GEM Index fell 8.

twenty three%.

  In the final close, the three major indexes fell slightly narrower than the opening, of which the Shanghai Composite Index fell 7.

At 72%, the SZSE Component Index fell 8.

45%, the ChiNext Index fell 6.


  In terms of individual stocks, the daily limit of 84 stocks, mainly pharmaceutical stocks, accounted for 2 of the total number of stocks in trading today.

23%, it is expected that 80 stocks will realize growth ahead of time;


  When “smart money” was bought wildly, when the Shanghai Stock Connect broke a record high in the history of A-shares, the northbound capital known as “smart money” started the “buy, buy and buy” model.

  6 minutes after the opening, there was a net inflow of nearly 3 billion yuan.

As of the midday closing, the total net inflow of northbound funds was nearly 8.7 billion yuan, of which the net inflow of Shanghai Stock Connect was nearly 5.9 billion yuan and the Shenzhen Stock Exchange was 2.8 billion yuan.

Only 14 minutes after the opening of the afternoon, the net purchase of northbound funds exceeded 10 billion yuan.

At the end of the day, Northbound funds accelerated to buy.

It can be seen that the imminent epidemic situation has overwhelmed the confidence and expectations of external funds in the Chinese market.

  Finally closed today, the Shanghai-Shenzhen Stock Connect gradually bought 181 net.

US $ 9.1 billion, the second largest single-day net purchase in history since the launch of the interconnection mechanism, after 214 on November 26, 2019.

300 million yuan.
  Among them, the Shanghai Stock Connect has a 四川耍耍网 net inflow of 135 today.

9.2 billion US dollars, a new historical record, the highest in Serbia on November 17, 2014 the first day of net inflow of 120.

8.2 billion; Shenzhen Stock Connect has a net inflow of 45 today.

9.9 billion yuan, the sixth largest single-day net inflow in history.

  Fall out of the golden pit?
Core assets take the lead in rebounding Since 2019, China’s core assets have become more expensive as foreign countries buy them.
Coincident with the plunge, the market believes that core assets will show more attractive estimates.
  With the capital strength of Kitakami, the core assets of A shares rebounded first.

Significantly narrowed declines in multiple stocks.

  Among them, Guizhou Maotai fell 6 from the opening.

44% narrowed to 4 at the close.


  ICBC’s decline narrowed from more than 7% to 5.

twenty four%.

  Hengrui Medicine fell more than 8% at the opening and narrowed down to 2 at the close.


  After the market, the top ten active stocks of the Shanghai-Shenzhen Stock Connect showed that Ping An of China, Maotai of Guizhou, Gree Electric Appliances, Ningde Times, Yanghe and other six stocks had net net purchases of more than 500 million yuan.

  In addition, many stocks such as Gree Electric and Midea also narrowed their declines.

  Fullyton’s China equity fund manager Wu Xiyan said that this short-term event was just a round of bulls. The unexpected impact on the way of the slow bull road will only cause a short-term impact fold without changing the upward direction.

The shock brought us, although there is pressure for short-term net worth retreat, but more opportunities-once again gave us the opportunity to buy high-quality companies at progressive prices.

  Anxin’s strategy also pointed out that the nature of the market to make up for the decline actually brought about a strategic “golden pit”, especially the rare opportunity brought by the adjustment of high-quality technology stocks.

The perspective extends to the whole world. If ROE and ROIC of A-share listed companies can stabilize and even rebound, then the A-share market in the financial opening era will still be the most valuable investment in the context of low interest rates and low growth in the world.One of the assets, A shares as a whole is still expected to move towards a long-term slow bull golden age.

Therefore, although it is expected that the new crown epidemic situation will bring some pressure to the short-term market, in the medium term, it will instead be a good allocation period for high-quality companies in various industries.

  Kitakami Capital has an excellent buy. How to follow up with A shares?

  What will happen to A shares after large foreign purchases in the past?

  Historical data shows that, in general, after large foreign purchases, most of the performance of A shares fluctuated the next day, and the probability of SSE index growth is slightly lower.

  Judging from the performance of the 20-day one-day net inflow of the history of the Shanghai-Shenzhen Stock Connect, the Shanghai Stock Exchange Index achieved growth in 9 days, a decline in 11 days, and a few more days of decline.

Judging from the rise and fall, there were 15 days with a rise or fall of less than 2%, and most of them performed smoothly.

  Anxin strategy stated that from a variety of historical related experiences, epidemic situation may only be the core contradiction of the market only in the most rapid development period. From the middle, the market still determines the direction of operation based on endogenous trends.

Because the overall situation of coronary disease in the short term will affect the economy to a certain extent, it will also cause a temporary downward movement of the overall market index platform. After the holiday, it may quickly make up for losses and reach the expected adjustment.The main logic of the structure has not been destroyed by the coronary epidemic.

  Southwest Securities holds similar opinions: in the short term, the impact is micro, and the market is expected to show significant changes.

Secondly, in the medium and long term, the epidemic will not change the basic trajectory of market operation. If the amplitude is too large in the short term, it will be an excellent period to increase quality assets.

  China-Thailand strategy believes that during the outbreak of SARS, the market panic dropped by 10% and rose by 7% in the later period.

Therefore, there is no need to be afraid of panic decline.

There are two main concerns in the short-term market. One is the change in the epidemic situation, such as the growth rate of newly diagnosed cases; the other is the policy hedging tool, when it will be introduced, and how much effort will be made.

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