Northbound funds ended 6th net inflow to institutions: market style changed from offense to defense
Northbound funds ended the 6th net inflow, net more than 1.2 billion, institutions: market style has changed from offensive to defensive October 18th, northbound funds allow a net of 12.
4.3 billion yuan, of which the net reduction of Shanghai Stock Connect was 14.
900 million yuan, net inflow of Shenzhen Stock Connect 2.
4.7 billion yuan.
Among the top ten trading stocks, the top three net purchases were Midea Group, Poly Real Estate and Mindray Medical, which each received a net purchase of northbound funds1.
3.8 billion yuan, 1.
1.9 billion, 0.
6.8 billion yuan.
The top three net sales were Moutai, Guizhou, Ping An of China, Wuliangye, and net sales were 4, respectively.
8.1 billion yuan, 2.
81 billion, 2.
Northbound funds netted 12 on October 18.
$ 4.5 billion, the first net decrease in the last week.
Both the Shanghai and Shenzhen markets opened slightly higher today, and then fluctuated downward. The decline gradually expanded in the 上海夜网论坛 afternoon, and the three major stock indexes closed down collectively.
On the disk, only agriculture, forestry, animal husbandry and fishery increased, with an increase of 0.
26%, electronics, non-bank finance, real estate fell the most, with a decline of 2.
Tianfeng Securities said that October is the three quarterly report verification period and the window period for observing the effects of policies. The main contradictions in the market began to switch and were driven by performance expectations.
Therefore, when the fundamentals have not clearly improved, the main configuration idea is to pay attention to defense and reverse cycles.
In terms of industry, attention is paid to banks, real estate and consumer white horses with underestimation and good performance expectations.
In the fourth 南宁桑拿 quarter, we must pay attention to the adjustment risks of technology stocks, because the market expects high levels of technology stocks, and some stocks have overdrawn their results for next year.
In the medium and long term, the technology investment trend driven by 5G has just begun. It is estimated that it will continue to deepen from the front-end equipment to the 5G application level. In the future, it will focus on exploring investment opportunities from 5G applications.
Yuanda Investment Consulting believes that today’s Shanghai and Shenzhen markets fell in the afternoon, and the market as a whole expanded its downward trend. Both the transaction expectation and the transaction volume were in a doldrums, and the market wait and see mood was more agricultural.
Today, many official economic data were released. Generally speaking, the market ‘s confidence was insufficient, and October has come to the end. The three quarterly reports of listed companies have reached the final time. The next two weeks are an intensive period for the performance of individual stocks.Under the influence of official economic data, it became very sensitive to the performance of various stocks, and “to prevent lightning strikes” became a consensus.
With the introduction of the policy, the macroeconomic fundamentals are still expected to bottom out, and the performance “vacuum period” will also be ushered in after the performance display period, forming the mood and expectations of alternating quarterly stability.
In addition, the institutional style change at the end of the year may return to fundamentals and value investment in the future.
It is recommended to pay attention to the performance-supported high-quality technology stocks and undervalued blue chips. In operation, it is recommended to lighten the index, weight individual stocks, and control the overall position, waiting for the amount to come.
Shanxi Securities pointed out that investors should pay attention to the style of the market, the market has begun to change from offensive style to defensive style.
There are three reasons: First, through the three quarterly announcements, a large number of early-stage attraction stocks are overestimated, and the risk of offense is too high. Second, although the index growth rate is limited this year, the structural market is good at different stages.
From January to April, there was a general rise in prices, and from April to June, large consumption and food and beverages. Technology stocks started in June, and technology stocks continued to grow in August.
Judging from the performance performance of public fund announcements in the third quarter, large-scale funds have achieved positive returns, and a large number of fund returns are very high. In the case of offensive risk resolution, institutional investor operating styles will be conservative.
Thirdly, there is almost no underestimated sector at present. The performance is stable and technically oversold. It can be used as a defensive sector configuration.
Looking ahead, the sector can continue to focus on defensive sectors such as cement, real estate and power, and banks.
In the short term, the lower or lower index of stock adjustments and stock exchanges fluctuates, and the degree of change penetrates, but the defensive sector is relatively long and stable.
The general rise in consumption and technology is gradually ebbing, and the difficulty in selecting individual stocks has increased, but it is estimated that reasonable stocks still have investment value.The sheer potential of speculation increases and the difficulty of short-term operation increases.