1October 24th 10, the net inflow of main funds in Shanghai and Shenzhen stock markets was 35 1. 1.8 million yuan. At the end of the period, there were 17 major industries with net capital inflow, while non-bank finance still had the highest net inflow of 246 million yuan, and the net inflow of architectural decoration and media industries exceeded 40 million yuan. The food and beverage industry had the highest net outflow at the end of the period, which was 654.38+0.06 billion yuan, and the net outflow of communication, light industry manufacturing, commerce and retail all exceeded 50 million yuan. In terms of individual stocks, there are 5 net inflows of more than 30 million yuan in late trading. After the transaction of Sichuan Changhong ended, the main capital returned more than 40 million yuan, and the net inflow of china galaxy, Hagrid Communication and Sunshine Power exceeded 30 million yuan.
Affected by this, on June 24th 10, the market ushered in marginal improvement, the transaction amount was enlarged, and the market sentiment was positive. As of the evening of the same day, FTSE A50 index futures rose 1.52%.
Highlights of market confidence
Capital continues to flow into core assets.
The data shows that on June 23 10, the total net inflow of equity ETFs in Shanghai and Shenzhen stock markets was 4.592 billion yuan. As of June 23rd 10, the management scale of 792 stock ETFs (stock ETFs and cross-border ETFs) in the whole market was nearly 1.60 trillion yuan.
From the ranking of net capital inflow, in terms of broad-based index,1October 23rd 10, Shanghai and Shenzhen 300ETF, Kechuang 50ETF, Growth Enterprise Market ETF, Shanghai Stock Exchange ETF and other broad-based index products have the highest net capital inflow.
Among them, Huatai Bairui CSI 300ETF increased its holdings by 987 million shares to 32.977 billion shares on the same day, with a net capital inflow of 3.494 billion yuan. E Fund's CSI 300ETF increased by 430 million shares to 17 108 million shares, with a net inflow of 728 million yuan. In addition, both the E Fund Growth Enterprise Market ETF and the Guo Fu Shanghai Stock Exchange Index ETF "attracted gold" in a single day, exceeding 200 million yuan.
Marginal improvement of market
Industry stocks in Shenzhen generally rebounded.
As of the close of 65438+1October 24th, the Shenzhen Component Index rose 0.6 1% to 9483.90 points. Growth enterprise market index rose 0.85% to 1880.5438+0; The Shanghai Composite Index rose 0.78% to 2,962.24 points; Kechuang 50 rose 1.25% to 850. 1 point. The turnover in Shenzhen was 465.5 billion yuan, up 1 1% from the previous month, accounting for 58% of the turnover in Shenzhen and Shanghai.
Specifically, Shenzhen stocks generally rebounded, led by weak sectors in the early stage. Among the stocks in Shenzhen today, 90% rose and 10% fell. 3 1 Shenwan first-class industry, 28 rose and 3 fell, initially reversing the general decline pattern of the previous two days. Small-cap stocks rose greatly, with the national shares rising by 1.99% in 2000 and the growth enterprise market rising by 1.6 1%. In the early stage, weak industries oversold and rebounded, and consumer-related industries picked up significantly. Media, social services and commercial retail increased by 2.60%, 1.90% and 1.66% respectively.
The bottom of the market has obvious characteristics.
Wait-and-see funds are expected to gradually enter the market.
People in the industry generally believe that the bottom of the market has been consolidated. With the accumulation of favorable factors and the alleviation of internal and external disturbances, wait-and-see funds will gradually enter the market. It is expected that the reversal-driven market will be ready to go.
According to the research report of CITIC Securities, the characteristics of the current market bottom are obvious, the valuations of major indexes and institutional heavyweights are already at a low level, and their potential internal and external risk factors have been fully priced. With the gradual accumulation of positive factors, the marginal impact of foreign capital outflow is weakening, and the pessimistic expectation of the market and the wait-and-see situation of funds will gradually improve. In the future, incremental funds will mainly come from over-the-counter investors to re-add positions.
CICC's research report shows that some indicators at the current domestic economic level show signs of marginal improvement, indicating that the previous policies have achieved certain results in transmitting to fundamentals; In the capital market, Huijin has continuously increased its holdings of large banks and index ETFs, and promised to continue to increase its holdings. More listed companies continue to intensively release repurchase plans, and favorable factors are gradually accumulating.
In this regard, the industry believes that in the future, although the short-term market trend is still uncertain due to investor sentiment, with the active resolution of the current major contradictions at the policy level and the gradual emergence of the bottom of corporate profits, valuation, sentiment and investor behavior are further characterized by the bottom, so there is no need to be pessimistic about the subsequent market performance. At present, the market opportunities outweigh the risks, and the fourth quarter is still an important window for policy development.