The "Top Ten net Buy / sell Brokers" mainly facilitate investors to analyze the attitude of institutional investors towards the future, as well as to help investors analyze the trading situation of their counterparties.
A "broker" can be simply understood as a securities firm, and the exchange is officially defined as a "market intermediary / investor account holder who is willing to disclose", where:
Market intermediaries: CCASS participants including non-investor account holders
Investor account holders who are willing to disclose: investment account holders who are willing to disclose their shareholding records
"net buying" means that the broker's recent shareholdings have increased, which means that investors investing through the broker are optimistic about the future stock price; similarly, "net sale" means that investors investing through the broker are not optimistic about the future stock price. This chart has multiple time granularities to choose for short-term and medium-and long-term users to refer to, as shown below:
Where:
"real-time" data: net buy / sell, based onDetails one by oneAndBuying and selling brokerReal-time data estimationFor reference only. In a case-by-case breakdown, only orders that appear in the buying and selling order will participate in "real-time" analysis. If the investor submits a sale order (unsolicited sale) based on the current "buy order" price, the sale order will not appear in the order and therefore will not participate in the "real-time" analysis. Because the orders of institutional investors tend to place orders directly according to the buying and selling price, while retail investors are more likely to place orders in advance according to their psychological prices.thereforeThe "real-time" analysis is more about the trading situation of "retail investors"..
"Last 1Accord 20 Universe 60 days" data: net buy / sell, data source from the exchange official disclosure. Due to the settlement and settlement mechanism of the exchange, the data disclosed by the HKEx are generally corresponding to the public trading on the T2nd day.
Note: changes in brokers' shareholding data are not necessarily caused by secondary market transactions, but also include data changes caused by investors' transfer of positions between brokers, private transactions, corporate actions and other events.Therefore, it is also normal when the change in the shareholding ratio of a broker is greater than the trading volume of the day.
The following figure explains the difference between the two data:
The "Top Ten net Buy / sell Brokers" chart can be analyzed together with the brokers' shareholding ratio chart and the buying and selling order of the LV2 market, and the recent overall operation of the counterorder, as shown in the following figure:
For the record, this point of view does not constitute any investment advice. There are many factors that affect the stock price, so we must not make a buying and selling decision based on an one-sided chart analysis.