Northbound funds and institutions jointly rush to buy Tongding Internet, with Aerospace Rainbow becoming the focal point of capital competition

Shanghai and Shenzhen Stock Connects saw active trading today, with a total transaction volume of 329.782 billion yuan. Zijin Mining led the Shanghai Stock Connect individual stock trading volume with a significant advantage, while Zhongji Xuchuang ranked first in the Shenzhen Stock Connect trading volume. Sector capital flows showed a divergence pattern, with the power grid equipment sector becoming the “leader” in net capital inflows, while the electronics sector faced net capital outflows.

Specifically, the Shanghai Stock Connect traded 156.625 billion yuan today, with Zijin Mining, Kweichow Moutai, and Zhaoyi Innovation making up the top three in trading volume; the Shenzhen Stock Connect traded 173.157 billion yuan, with Zhongji Xuchuang, CATL, and Tianfu Communications in the top three. Main capital monitoring data shows that Bawei Storage became the stock with the largest net capital inflow, while Zijin Mining experienced net capital outflows. In terms of sector performance, the power grid equipment, agriculture, and military sectors led gains, while port shipping, natural gas, and coal sectors experienced pullbacks.

The ETF market shows a stark contrast. Gold ETFs (518880) maintained the top position with a trading volume of 1.87 billion yuan, followed closely by the A500 ETF (512050). Notably, the S&P Oil & Gas ETF (513350) saw a 509% month-on-month surge in trading volume, and the Hong Kong stock information technology ETF (159131) achieved a 201% MoM increase, indicating a significant rise in capital allocation to specific sectors.

Data from the Dragon and Tiger list shows intense institutional capital battles. Guangxian Interconnection, a fiber optic concept stock, was jointly bought by four institutions for 202 million yuan, with an additional 297 million yuan bought through the Shenzhen Stock Connect channel; Tongguang Cable hit the 20% daily limit, with three institutions buying in for 81.35 million yuan. The military sector continued its strong momentum, with drone leader Aerospace Rainbow hitting the limit up twice in three days. Despite one institution selling 331 million yuan, some institutions bought in 20 million yuan; Guotai Haitong Securities Chengdu Beiyi Huan Road and Orient Securities Xiamen Xianyue Road, two major retail investors, combined bought 169 million yuan. The oil and gas sector showed notable divergence: Tongyuan Petroleum was sold by two institutions for 205 million yuan, Zhongman Petroleum was sold by four institutions for 959 million yuan, but two institutions bought in against the trend for 154 million yuan. Quantitative funds, through Guotai Haitong Securities headquarters and Morgan Stanley China Yin Cheng Middle Road channels, bought a total of 142 million yuan.

The futures market shows a reduction in positions, with the four main contracts IH, IF, IC, and IM all reducing their positions on both the long and short sides, with IC and IM contracts seeing more significant long position reductions. This change in holdings reflects increased market expectations of short-term volatility and a cautious, wait-and-see attitude among funds.