On Tuesday, A shares tumbled, with the Prev down 0.51 per cent at 3200 points at 3198.59; the Shenzhen Composite Index down 0.97 per cent at 10124.66 points; the gem index down 0.81 per cent at 1683.80 points; and Vandequan A down 0.92 per cent.On that day, the net outflow of northbound funds was nearly 6.5 billion yuan, and the net outflow has reached 15.7 billion yuan since April.

The market reappears the 2008 differentiation.

Judging from the current market, there are obviously more declining stocks than rising stocks.The market differentiation tends to be obvious, and the money-making effect decreases significantly.

From the perspective of the industry sector, blue-chip sectors such as airports, alcohol, soft drinks and insurance have bucked the trend.Among them, alcohol led by Guizhou Moutai rose 2.17%.

On April 23, the food and beverage sector, including spirits, rose strongly in the afternoon.Kweichow Moutai shares hit an all-time high in intraday trading, reaching as high as 981.22 yuan.

Northbound capital outflow of more than 6 billion yuan

On Tuesday, after Lu Shitong resumed trading, there was a net outflow of nearly 6.5 billion yuan of northward capital representing foreign investment, the largest net outflow since March 25, with a net outflow of 3.588 billion for Shanghai stocks and more than 2.9 billion yuan for Shenzhen stocks.

In fact, the net inflow of northbound capital has continued for five consecutive months. In the first two months of this year, the net inflow of capital in one month exceeded 60 billion yuan. Since March, the pace of northward capital inflows into A shares began to slow, with a net outflow of 15.7 billion yuan for the whole of April.

There are obvious signs of going northward to adjust the capital position.

Since April, the net outflow of northbound funds has shown an obvious structure, showing an overall change in the strength and depth of Shanghai, which is essentially caused by the sequential sale of northward funds to different industries.

Wind data statistics show that so far, the number of A-shares held by northbound funds is 1972, and the market value of positions is as high as 1.08 trillion yuan. In the Wind secondary industry configuration, the food and beverage industry still occupies the top of the land stock configuration list. The top five industries with the highest stock market value are food and beverage, consumer durables and clothing, banking, insurance, technical hardware and equipment, with positions of 20.94%, 11.61%, 9.1%, 7.04% and 6.86%, respectively. The food and beverage industry accounts for the highest proportion. The proportion of shares held by the household goods industry is 0.05%, which is the lowest in all industries.

From the point of view of the change in the proportion of positions, banks, insurance and other major financial sectors have been increased by foreign investment. According to Wind data, the top five sectors with the biggest increases since April are banking, durable goods and clothing, insurance, cars and parts and consumer services, with increases of 0.51 per cent, 0.47 per cent, 0.43 per cent, 0.31 per cent and 0.24 per cent respectively.

At the same time, food, medicine, brokerage and other sectors have been reduced. Among them, the proportion of positions in the food and beverage industry decreased the most, by 0.67%.

Shanxi Securities said that the short-term market may maintain wide volatility, accompanied by periodic downward adjustment, the market is mainly characterized by structural opportunities, the market will gradually return to rationality and resume the pursuit of certainty. Early hot topics cool, and the theme hype rhythm is difficult to grasp, solid fundamentals, policy preferential treatment, more performance improvement certainty of the plate (infrastructure chain, consumption blue chip, big finance) is expected to return to the dominant position.