Financing surplus increased for four consecutive years: technology stocks still favored in the long-term logic

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Financing surplus increased for four consecutive years: technology stocks still favored in the long-term logic
For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!  The original title financing surplus four consecutive increase in technology stocks is still favored On February 11, the Shanghai Stock Exchange Index and the Shenzhen Stock Exchange Index achieved “six consecutive gains”, and the GEM index stopped “five consecutive gains.”Wind data shows that in the growth process of the A-share market, the financing balance achieved “four consecutive increases” in 4 trading days from February 5 to 10, and gradually increased by 184.5.6 billion yuan.Analysts predict that the market is expected to maintain a volatile and rising trend and firmly believe in long and long positions.  Financing customers continue to increase positions Since February 4, the Shanghai Stock Exchange Index and Shenzhen Stock Exchange Index have increased for six consecutive trading days.As the market continues to rebound, financiers continue to increase their positions.Wind data show that as of February 10, the financing balance of the two cities was 10,325.23 trillion, in the four trading days from February 5 to 10, the financing balance increased by 9 respectively.05 billion, 89.05 billion, 34.6.3 billion, 51.8.3 billion, a total increase of 184.5.6 billion yuan.  Wind data show that in 4 trading days from February 5th to 10th, there were 18 industry sectors in Shenwan’s 28 industry sectors that received financing customers to increase their positions.Among them, the net purchase amount of financing in the pharmaceutical, biological, electronics, and chemical industries ranked first, respectively, at 54.9.1 billion, 52.08 billion, 20.2.5 billion US dollars, that is, these three industry sectors have attracted more than 12 billion US dollars of capital inflows.It can be seen that the electronics industry in the pharmaceutical biotechnology and technology sectors is most favored by financing investors.In addition, in these four trading days, the amount of money raised by the financing customers in the computer, defense industry, electrical equipment, and media industries exceeded 1 billion yuan.  From the perspective of the 10 industries where the financing customers lighten up, the financing customers’ lightening of the construction decoration, commercial trade, and non-bank financial industries was the highest, which was 3 respectively.4.6 billion, 3.3.3 billion, 2.2.8 billion.In addition, for the agriculture, forestry, animal husbandry and fishing, the transportation industry has reduced the amount of warehouses by more than 200 million yuan.  From the perspective of market performance, in the four trading days from February 4 to February 10, the average value of 28 industries in the Shenwan level increased, and the growth of the agriculture, forestry, animal husbandry and fisheries, computer, and media industries ranked first, increasing by 13.81%, 13.35%, 11.85%, while the largest amount of financing customers to increase warehouse positions in the pharmaceutical and biological industries increased4.30%, the second largest increase.It can be seen that the financing customers’ direction of increasing positions has made certain gains, but most of them focus on increasing the positions to the industry sectors with the best increase.  From the perspective of individual stocks, in the four trading days from February 5th to 10th, the top 10 stocks for financing customers to increase positions are China Satellite, Guoxuan Hi-Tech, TCL Technology, Inspur Information, all winningElectronics, Yaguang Technology, Ningde Times, Huahai Pharmaceutical, Dali Technology, and Halo New Network, respectively, bought a net 7.6.1 billion, 6.8.8 billion yuan, 5.4.3 billion, 5.3.6 billion, 4.8.9 billion yuan, 3.7 billion, 3.6.6 billion, 3.4.4 billion, 3.3.7 billion, 3.1 billion yuan.It can be seen that among the stocks with the largest amount of financing by investors, the technology stocks overlap.  China Merchants Securities said that in the medium and long term, it is convinced that A shares are in a two and a half year upward cycle that will start in 2019. 5G technology blessings and increasing demand for information technology will become the direction for the technology sector to continue its upward trend in the coming quarters.  Guosheng Securities said that the mid-to-long term logic change has changed, and the cyclical core asset revaluation continues.After the epidemic, the market will return to its own logic.Under the blessing of “continuous easing of policies + strengthening of counter-cyclical adjustments + continued entry of medium- and long-term funds into the market”, the market will steadily rise for a long period of time, and cyclical core asset revaluation will continue.In terms of investment strategy, the growth of science and technology is the main line of the stage, focusing on the science and technology board.In terms of technological growth, the focus is on electronics, computers and other industries.With the continuous expansion of the science and technology board, more and more heavyweight science and technology board funds, the market’s attention continues to increase, optimistic that the science and technology 南京龙凤网 board has become an important source of excess income.The counter-cyclical speed of the policy continued to increase, and the follow-up was followed by the easing of the epidemic and the resumption of production and production. The economy returned to the track, and the revaluation of the core asset value of the cycle will continue.