Home » Northbound funds bought a net 1.555 billion yuan in a single day to add positions in communications, banks, food and beverages_Oriental Fortune Network

Northbound funds bought a net 1.555 billion yuan in a single day to add positions in communications, banks, food and beverages_Oriental Fortune Network

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Northbound funds bought a net 1.555 billion yuan in a single day to add positions in communications, banks, food and beverages_Oriental Fortune Network

Northbound funds made significant purchases in the Chinese stock market on March 5, according to data from E company. In a single day, northbound funds bought a total of 1.555 billion yuan, with 448 million yuan purchased in the Shanghai Stock Connect and 1.107 billion yuan purchased in the Shenzhen Stock Connect. This increase in transaction volume contributed to 15.08% of the total A-share transaction volume, representing a 6.27% boost in trading activity.

The top five industries with the highest market value of northbound fund positions were food and beverage, pharmaceuticals and biology, electronics, banking, and household appliances, which together accounted for 54.68% of the total market value of positions. Among these industries, communications, banking, and food and beverages saw the largest net purchases from northbound funds, while non-ferrous metals, media, and automobiles were the largest net sellers.

In terms of individual stock details, Conch Cement, Postal Savings Bank of China, and Bank of China stood out for the number of consecutive days of net buying from northbound funds. On the other hand, CTI Testing, Guangzhou Restaurant, and Zhongyuan Expressway were among the top companies with consecutive days of net sales by northbound funds.

Overall, northbound funds continue to have a significant impact on the Chinese stock market, with various industries and individual stocks experiencing fluctuations in holdings and transactions. Investors are advised to proceed with caution and make informed decisions when trading in the market.

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