China Securities Network News Last week the Shanghai Composite Index fell back to 2,800 points. Market sentiment continued to be weak, and leveraged funds also performed cautiously overall. Statistics show that as of last Friday (August 9), the financing balance of the two cities was 880.829 billion yuan, a new low since March 15 this year. Under this general trend, a small number of stocks whose financing balances have risen sharply against the trend are particularly eye-catching. Excluding new stocks that have been listed for less than a month, 201 of the 950 two financing targets have shown net financing purchases since August, of which 17 stocks have a net purchase amount of more than 100 million yuan. Judging from the trend of changes, the latest financing balance of 21 stocks increased by more than 10% compared with the end of July.
Looking at different industries, the non-ferrous metal industry, represented by the gold and small metal sectors, is the most popular among financing customers, with a net financing inflow of 1.37 billion yuan since August. Followed by the two major blue-chip industries of banking and real estate, the net financing purchases reached 725 million yuan and 498 million yuan respectively. Net financing purchases in six industries including electronics, food and beverages also exceeded 300 million yuan.
Looking specifically at individual stocks, Huayou Cobalt , which has been trending strongly recently, topped the list with net purchases of 321 million yuan in financing. Affected by supply disruptions in the global cobalt market, the cobalt concept sector has performed strongly overall since August, with leading stocks Huayou Cobalt rising by a cumulative 14.41%.
Central Shares ranked second with a net purchase of 313 million yuan. The information on the Dragon and Tiger List also verified the preference of hot money for this stock. On August 2, Zhonghuan shares rose to the limit in late trading, and CITIC Construction Investment Chongqing Fuling Square Road Sales Department bought 95.43 million yuan. Zhonghuan Co., Ltd. is a leading company in photovoltaic silicon wafers. Its performance forecast shows that it is expected to make a profit of 430 to 480 million yuan in the first half of 2019, a year-on-year increase of 43.31 to 59.98%. The company stated that as the monocrystalline process in the photovoltaic industry accelerates, the company leverages its monocrystalline product bargaining advantage and its profitability has steadily increased.
ranked third was Shandong Gold , with a financing purchase of 2.478 billion yuan and a net purchase amount of 280 million yuan. Affected by factors such as the Federal Reserve's interest rate cuts and rising risk aversion, gold prices have continued to rise since August, with the top stock in the gold sector, and Shandong Gold , rising by nearly 10%. According to other statistics, in terms of ETF financing transactions, E Fund Gold ETF and Bosera Gold ETF have received net financing purchases of 204 million yuan and 172 million yuan respectively since August, ranking the top two.
It is worth noting that among the 17 stocks with net purchases of over 100 million yuan, three were bank stocks. Shanghai Pudong Development Bank , Industrial Bank and China Merchants Bank received financing net purchases of 126 million yuan, 126 million yuan and 109 million yuan respectively. The recent trend of the banking sector has been weak, with the stock prices of these three banks falling 4.21%, 2.77% and 4.29% respectively. Some institutional investors also see investment opportunities in the banking sector. Harvest Fund believes that banks are currently in a counter-cyclical adjustment stage. As the disposal of non-performing ratios becomes more and more solid, the actual non-performing ratios are much better than the implied non-performing ratio levels. The banking sector ROE is relatively high, the overall valuation is low, and there is room for valuation repair.
In addition, some stocks whose recent financing balances have increased significantly are also worthy of attention. The financing balance of 21 stocks has increased by more than 10% since August. The top three financing balances of Kouzijiao, Huayou Cobalt , and Hengli Petrochemical have all increased by more than 70%, reaching 77.04%, 73.64%, and 73.62 respectively. %.
Last Friday, the China Securities Regulatory Commission guided the Shanghai and Shenzhen Stock Exchanges to revise and promulgate the "Implementation Rules for Margin and Securities Lending Transactions". At the same time, it guided the exchanges to further expand the trading scope of the two margin trading and made significant optimization of the two margin trading mechanisms. The number of underlying stocks for margin trading has been expanded from 950 to 1,600. Analysts believe that the expansion of financing and financing targets will help increase the overall trading activity of the A-share market, and the balance of financing and financing is expected to rebound.
Source: China Securities Network
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