Northbound funds sold a net 6.021 billion yuan in a single day, reducing positions in medicine, biology, electronics, and media
According to data statistics from E company, on March 21, the net sales of northbound funds reached 6.021 billion yuan in a single day. This included 3.113 billion yuan of net sales through the Shanghai Stock Connect and 2.908 billion yuan through the Shenzhen Stock Connect. The total transaction volume of northbound funds was 128.776 billion yuan, accounting for 12.06% of the total A-share transaction volume, with trading activity increasing by 0.87%.
The top industries in terms of market value of northbound fund positions were food and beverages, pharmaceuticals and biology, electronics, banking, and household appliances, accounting for over half of the total market value of positions. The top three industries with the largest increase in position market value compared to 20 trading days ago were comprehensive, non-ferrous metals, and automobiles.
Banks, household appliances, and food and beverages received the largest net purchases from northbound funds, while pharmaceuticals and biology, electronics, and media were the largest net sellers. Household appliances, petroleum and petrochemicals, and communications saw continuous net buying from northbound funds over several days.
Individual stock details showed that Sinopec, Xingyu Co., Ltd., and Shuanghui Development were the top companies in terms of consecutive days of net buying from northbound funds, while Proya, China International Trade, and AutoNavi Infrared had the most consecutive days of net sales.
Overall, the data reflects a dynamic and evolving market landscape with fluctuations in industry positions and individual stock holdings. Investors are advised to approach trading with caution and conduct thorough research before making any investment decisions.
The source of this information is the Securities Times·e Company, and readers are reminded that this content does not constitute investment advice and should be used at one’s own risk.