Title: Significant Return of Northbound Funds Signals Optimism in Market, says CITIC Construction Investment
CITIC Construction Investment revealed in a research report that there has been a notable increase in northbound funds recently, with a net inflow of 23.55 billion yuan last week. This includes a single-day net inflow of over 10 billion yuan on both Tuesday and Thursday. The northbound capital allocation disk has witnessed net inflows of nearly 30 billion yuan for four consecutive weeks, sending a positive signal to the market.
In the long term, CITIC Construction Investment predicts that northbound funds will adjust in the “3.0 Era”. However, the research report emphasizes that the short-term flexibility of northbound funds should not be underestimated. With global financial conditions and the domestic market environment improving, the short-term elasticity of northbound funds may have a greater impact on market style compared to incremental funds in other markets.
Therefore, CITIC Construction Investment suggests that investors focus on sectors and stocks that are favored by northbound funds. The research report highlights the importance of monitoring the choices of northbound funds in order to stay informed about market trends and potential opportunities.
According to the source of the article, Financial Associated Press, the original title of the report is “CITIC Construction Investment: The short-term elasticity of northbound funds cannot be ignored and may have a greater marginal impact on market style.”
As a disclaimer, Oriental Fortune, where the content was published, clarifies that the information provided is for dissemination purposes only and does not constitute investment advice. Readers are advised to operate according to their own risk assessment.