Recently, the flow of major market funds has been quite interesting.

Looking at the daily situation, the funds show obvious structural characteristics. Traditional hot sectors such as new energy (lithium batteries, photovoltaics) and consumer electronics continue to attract capital, while some newly listed stocks and certain thematic stocks (such as anti-fraud, aerospace) have also become targets for concentrated investment.

The performance of stocks hitting the daily limit most clearly illustrates the issue. Stocks like Multi-Fluorine and Yingweike, after hitting the limit up, see a very strong willingness of funds to buy in. The premium from the limit-up and the resonance effect of capital stacking combine to create this phenomenon, which essentially reflects the market's short-term game logic—who can absorb the large orders after the limit-up, who profits.

Another interesting phenomenon is with newly listed stocks. For example, some newly listed stocks on their first day, because they have no price fluctuation limits, become places where funds flood in wildly, attracting a considerable amount of capital in the short term. These kinds of stocks are obviously more speculative.

From the details of capital flow, targets like industry leaders are usually the focus of long-term large capital deployment. These companies have solid fundamentals, and huge orders keep flowing in. On the other hand, stocks driven by thematic catalysts are less predictable in terms of sustained capital inflow—once the hype fades, the funds may exit.

This actually reflects market differentiation: capable funds are focusing on fundamentals, while short-term funds chase hot trends.