[Data review]The bulls of the three major futures bucked the trend and added northbound funds to raise funds for many stocks that fell sharply, such as Cyrus. Cai Lianshe

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Bulls Buck the Trend as Northbound Funds Boost Stocks, Including Cyrus

In a surprising turn of events, bulls on the three major futures indexes added northbound funds to raise funds for many stocks that had seen sharp declines, including Cyrus. The Shanghai and Shenzhen Stock Connect also saw small net buying today, with Kweichow Moutai ranking first in net buying and BYD ranking first in net selling.

In terms of main funds in the sector, the net inflow of main funds in the diversified financial sector ranked first. Additionally, the number of long positions in IC contracts significantly outnumbered short positions. The Dragon and Tiger List also saw some notable activity, with Saiwei Microelectronics and Shenzhen Zhonghua A receiving over 20 million institutional buy-ins.

The top ten transactions of the Shanghai and Shenzhen Stock Connect revealed a net purchase of 1.34 billion yuan throughout the day, with Kweichow Moutai and Cyrus ranking first and second in net buying, respectively. On the flip side, BYD ranked first in net sales.

Overall, while some sectors saw gains, such as genetic modification, others, like photolithography machines and automotive thermal management, experienced declines. Despite the market fluctuations, bulls in the main futures contracts bucked the trend and increased their positions.

The Dragon Tiger List showed average institutional activity, with notable buys and sells in various stocks. Hot money activity was also average, with Zhongsheng Pharmaceutical and Maxim Technology among the stocks experiencing significant transactions.

In conclusion, despite market volatility, the influx of northbound funds and bullish activity on major futures indexes helped boost stocks that had previously seen sharp declines. It remains to be seen how the market will continue to react in the coming days.