the main net inflow of funds 西安工程机械专修学院

The capital stock of the game shortly after the rebound in space should not be too optimistic – fund channel yesterday, both cities opened more than 1%, early to maintain low concussion, then both sides around the 2700 point of fierce competition, after two in the afternoon, the subject shares rebound driven by stock index shocks to rise, the gem index, Shenzhen has turned red the Shanghai composite index decline has narrowed. At the close, the Shanghai composite index reported 2739.25 points, down 0.38%, turnover of 146 billion 600 million yuan; Shenzhen stock index rose 0.29%, at 9638.87, turnover of 229 billion 300 million yuan; the gem index rose 0.73%, at 2090.51, turnover of 68 billion 660 million yuan. Stock game late attack Wednesday, two cities in the last move for investors in the February market is full of vision. From the volume point of view, the two cities yesterday turnover continued to shrink, reflects the oversold after the stock of capital operation. The distance before the Spring Festival and two trading days during the holiday season, facing the outer disk of the uncertainty, rational investors may choose to cash, investors holding the holidays are more likely to be forced to choose, because more, there is a little hope will never give up. From the flow of funds, Wednesday’s net outflow of 13 billion 900 million of the main funds. Sub sector, the real estate, quantum communications, lithium batteries, the main net inflow of funds, while banks, brokerages, medicine is the main funding reduction. But the inflow and outflow are not stable. And Shanghai stock net yesterday sold 2 billion 58 million, hit two and a half months, the outflow of funds is high, it is worth noting. In most people’s thinking mode, the stock market should rise before and after the new year’s eve. However, one year spent similar, each year is different. Data show that, as of the end of February 2nd, the two cities in Shanghai and Shenzhen currently have 29 listed companies to disclose annual reports. From the disclosure of annual reports, Huijin and the social security fund holdings are still relatively stable, the public fund has been lighten up. Three risks remain in A stock market fell sharply in January, the Shanghai Composite Index fell 22.65% on the month. If you follow the logic of the stock market, it’s time to change bull thinking. And according to the logic of bear market, now the market is temporarily stabilized, the small short-term rebound on the way down. In the bear market, market confidence did not recover so quickly. The fall of the three major factors are: devaluation expectations, deleveraging expectations and registration system is expected, these three bad still exists. First, the devaluation of the renminbi is not expected to be reversed in the short term. Second, deleveraging is expected to increase. In 2016, the A share market accelerated the process of "deleveraging" and "de foaming". As of January 26th, A shares pledge custody market capitalization of about 3 trillion yuan, approximately 80 listed companies pledged close to or touch the warning line. By February 1st, the two financial balance fell below 900 billion yuan, the lowest since December 2014. While shrinking demand side, the total amount of debt financing of securities companies dropped sharply year on year, showing that the institutions are expected to be cautious about the rebound of the future two financial scale. Third, the registration system is not suspense. Registration system is the highlight of financial reform, which is beneficial to capital.

存量资金博弈 后市反弹空间不宜太乐观-基金频道   周三,两市低开逾1%,早盘维持低位震荡走势,随后多空双方围绕2700点展开激烈争夺,下午两点过后,在题材股回暖的带动下,两市股指震荡回升,创业板指数、深成指先后翻红,上证综指跌幅亦收窄。截至收盘,上证综指跌0.38%,报2739.25点,成交1466亿元;深证成指上涨0.29%,报9638.87点,成交2293亿元;创业板指上涨0.73%,报2090.51点,成交686.6亿元。   存量博弈现尾盘偷袭   周三,两市尾盘的拉升动作让投资者对2月的行情充满憧憬。   从量能来看,昨日两市成交继续萎缩,体现为超跌之后的存量资金运作。目前距离春节前还有两个交易日,面对节日期间外盘的不确定性,理性的投资者可能会选择持币观望,持股过节投资者更有可能是被迫的选择,因为套多了,有一点希望就不会放弃。   从资金流向看,周三主力资金净流出了139亿。分板块来看,房地产、量子通信、锂电池等位居主力资金净流入前列,而银行、券商、医药则出现主力资金减持。可是这种流入流出并不稳定。而沪股通昨日净卖出20.58亿,创两个半月来资金流出新高,值得留意。   在大多数人的思维模式中,元旦春节前后的股市应该是上涨的。可是,年年岁岁花相似,岁岁年年市不同。数据显示,截至2月2日收盘,沪深两市目前已经有29家上市公司披露年报。从已披露年报情况看,汇金和社保基金持股仍较稳定,公募基金则有所减仓。   三大风险犹存   A股市场1月份出现大幅回落,上证综指全月累计下跌22.65%。如果按照股市的逻辑,到了改变牛市思维的时候了。而按熊市的逻辑,现在只是市场暂时的企稳,下跌途中的短期小反弹。熊市中,市场信心没那么快恢复。   本轮下跌的三大因素有:人民币贬值预期、去杠杆预期和注册制预期,这三个利空目前仍然存在。   首先,人民币贬值预期短期内尚未明显扭转。   其次,去杠杆预期有所增强。进入2016年,A股市场加速“去杠杆”、“去泡沫”的进程。截至1月26日,A股股权质押在押市值规模约为3万亿元,约80家上市公司质押接近或触及警戒线。到2月1日,两融余额跌破9000亿元,为2014年12月以来最低。在需求端缩水的同时,证券公司各类债务融资总额同比锐减,显示机构对未来两融规模反弹的预期谨慎。   第三,注册制实施没有悬念。注册制是金融改革的重头戏,有利于资本市场长远健康发展。没有注册制就不会有真正的牛市。短期看,很多成长股的估值目前仍在高位,创业板的估值还没修复到位。目前应该是自救式短期反弹,现在这个位置,市场的调整并未完全到位,高估值股票的泡沫并未完全出清,“去泡沫”预期下潜藏危机。相关的主题文章: