On August 16, Caifudao (Editor Zilong) reported that today (August 16), the market overall dropped more than it rose, but some individual stocks were surprisingly active. As of the close, excluding new shares, a total of 7 stocks reached a historical high today. Among them, the trillion-dollar market cap giants ICBC, China Construction Bank, and Bank of China have continued to rise slowly recently, and their year-to-date gains have also expanded to 37.2%, 21.0%, and 20.6%, respectively.

Note: New stocks that hit record highs today (as of the close of August 16)

Banking giants continue to reach new highs, with Northbound funds focusing on shareholdings in the banking sector.

Recently, bank stocks have frequently risen, with their sector index increasing by nearly 2.2% in the past 7 days, ranking first among all sectors (SWI Level One). In terms of specific stocks, also based on data from the past 7 days, China CITIC Bank, Shanghai Pudong Development Bank, Bank of Communications, China Construction Bank, and Industrial and Commercial Bank of China have seen the highest increases in their stock prices. It is worth noting that bank stocks with a relatively large market capitalization have been more active recently, with 9 bank stocks with a cumulative increase of over 4% in the past 7 days, whose average total market capitalization is nearly 1.08 trillion yuan, much higher than the sector average (284.7 billion yuan).

Note: Changes in the sector indexes of various sectors in the past 7 days (as of the close on August 16)

From the perspective of funds, Northbound funds have become a key driving force for the recent rise in the banking sector. As of August 15 data, a total of 37 bank stocks have been added by Northbound funds in the past five days, accounting for 88.1% of the entire sector. Among them, CM Bank and Industrial and Commercial Bank of China have recently been favored by Northbound funds, with their net purchase amounts in the past five days reaching 0.26 billion yuan and 0.21 billion yuan, respectively. At the same time, Bank of Communications, Agricultural Bank of China, Ping An Bank, Industrial Bank, Minsheng Bank, and Bank of China have all received more than 0.1 billion yuan in increased funding over the past five days.

Note: Bank stocks with the highest increase in Northbound funds' holdings in the past 5 days (as of August 15 data)

Currently, bank stocks have become a major part of the 'new high team'. According to statistics for this week (August 12-16), excluding new shares, as of today's (August 16) close, a total of nearly 50 individual stocks have reached their highest point this year, with 6 individual stocks in the banking sector, accounting for nearly 13% in total. In addition to the banking sector, there are also many environmentally friendly, transportation, and health care stocks that have hit new high this week, and their shares are also more than 10%.

Note: Distribution of industry sectors that hit year-to-date highs this week (as of the close on August 16)

Active Capital Trends Report, Focusing on High-heat Sectors

Recently, Northbound funds have been selling, and have only recently started to flow back. As of the close of August 16, the net sales for the month have reached nearly 28.73 billion yuan. If excluding data from the second half of the month, its current monthly net sales scale ranks second this year, second only to June (net sales of 44.45 billion yuan). Among them, Northbound funds sold nearly 7.77 billion yuan net on August 9, the largest net selling day of the month, while on August 15, they made a total purchase of 12.21 billion yuan, setting a record for the highest net purchases this month.

Note: Net buying and selling of Northbound funds in recent days (as of the close on August 16)

Looking at the recent trend of northbound funds, in addition to the banking sector, which has the largest increase in shareholding, the power industry, insurance, securities, chemical pharmaceuticals, and traditional Chinese medicine sectors have also become key areas for its increase in shareholding. As of August 15th, they have received capital increase of 0.98 billion yuan, 0.79 billion yuan, 0.7 billion yuan, 0.64 billion yuan, and 0.53 billion yuan respectively in the past five days. However, the market value of shares held in the consumer electronics, battery, photovoltaic equipment, semiconductor, brewing and consumer electronics sectors has decreased significantly, and their shareholding reduction by northbound funds in the past five days was all above 1 billion yuan.

Note: The sectors with the highest increase/decrease in market value by northbound funds in the past five days (data as of August 15th)

In addition, margin financing clients, who are also active in the market, recently relatively preferred consumer electronics and chemical pharmaceuticals sectors, with the former receiving financing of nearly 0.32 billion yuan and the latter receiving financing of nearly 0.27 billion yuan in the past five days. At the same time, the net buying amount of the steel industry, brewing industry, aeronautical airports, and medical instrument sectors also exceeded 0.1 billion yuan. However, some sectors have recently been targeted for reduction by leveraged funds. Among them, the banking and power sectors, which are key areas for northbound shareholding, have seen a significant decrease in their balance of financing. The computer equipment, engineering and construction, and software development sectors have also reduced their shareholding significantly.

Note: The sectors with the highest increase/decrease in market value of financing funds in the past five days (data as of August 15th)