As of the close, the northward capital inflow was 4.414 billion yuan throughout the day. Among them, Shanghai Stock Connect had a net inflow of 662 million yuan and Shenzhen Stock Connect had a net inflow of 3.752 billion yuan. This is the net inflow of northbound funds for 8 consecutive trading days. In the only three trading days in June, the northbound funds had a total net inflow of 16.827 billion yuan.
As can be seen from today’s flow, northbound funds are adding technology stocks and continue to sell consumer stocks. Among the top ten active stocks of Shanghai-Shenzhen Stock Connect, the top three stocks purchased by northbound funds were BOE A (000725), WuXi PharmaTech (603259), and Ningde Times (300750), with net purchases of 420 million yuan , 274 million yuan and 238 million yuan.
The top three net sales of northbound funds are Wuliangye (000858), Ping An (601318), and Guizhou Maotai (600519), and the net sales amount are 4.99 100 million yuan, 390 million yuan and 251 million yuan.
Guosheng Securities analysis believes that although external disturbances have continued since May, foreign investment is still exceeding expected inflows, mainly due to the following reasons: First, in the context of the global easing, domestic and foreign interest spreadsAnd fundamental advantages drive global funds to pursue A shares; secondly, external disturbance factors reappear after an interval of six months, but this time it has not constituted a core contradiction in the market. At the same time, overseas markets continued to rebound, and the restoration of risk appetite pushed foreign investors to allocate more A shares.
China Merchants Securities believes that despite the disturbance of the external environment, northbound funds still continue to have a large-scale net inflow. Looking forward to June, the external disturbance factors will come to an end in this period. Under this circumstance, as long as there is no extreme situation, northbound funds are expected to continue the state of net inflow. In addition, three quarters of the FTSE Russell Index’s third-step expansion plan for A-shares will take effect after the market closes on June 19. This expansion is expected to bring passive incremental capital of approximately 21 billion yuan to A-shares.
Southwest Securities believes that in the next period, in addition to the inclusion of the FTSE Russell Index A-shares factor in June from 17.5% to 25% The international index is also expected to further announce the A-share transfer plan. The inflow of foreign capital into A-shares is an irresistible general trend for three main reasons: First, the proportion of foreign capital in my country is still low. Second, the pace of my country’s financial market opening is gradually accelerating. Third, my country’s financial assets have their own high quality and low correlation with other equity markets, and have considerable investment value in portfolio allocation.