Northbound Funds See Significant Return, CITIC Construction Investment Reports
CITIC Construction Investment’s research report has revealed a notable return of northbound funds last week, with a net inflow of 23.55 billion yuan throughout the week. The report stated that the single-day net inflow on Tuesday and Thursday exceeded 10 billion yuan, marking a positive trend in the market. This surge in northbound capital allocation has continued for four consecutive weeks, totaling nearly 30 billion yuan in inflows.
The report also highlighted the short-term flexibility of northbound funds, emphasizing their potential impact on market style. With global financial conditions improving and the domestic market environment on the rise, the short-term elasticity of northbound funds could play a significant role in market dynamics.
In terms of sector preferences, the report recommended focusing on sectors and stocks favored by northbound funds. Recent data shows that the semiconductor sector has attracted significant attention from both northbound capital allocation and trading orders. Additionally, the report noted that the electronics, automobile, nonferrous metals, and household appliance industries have also seen substantial inflows.
Overall, the report from CITIC Construction Investment suggests that investors should keep a close eye on the sectors and stocks preferred by northbound funds as they continue to play a significant role in market trends. The data indicates a positive outlook for these sectors, signaling potential opportunities for investors.
(Source: Securities Times)