Benefit from supply-side reform funds favoring the textile sector

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â–  Sector capital flow

⊙金百临咨询Qin Hong ○Editor Yang Xiaokun

Yesterday, the Shanghai and Shenzhen stock markets opened lower and both fell weakly. The two sides fell slightly and ended up with a slight decline. The two cities sold a total of 40.161 billion yuan. The volume was slightly shrinking compared with last Friday, but the net outflow trend is still relatively clear. . According to the data of SuperView SuperView, the net outflow of large-cap stocks in the two cities yesterday was 11.957 billion yuan.

This is mainly reflected in real estate, ferrous metals, non-metallic minerals, water supply and gas supply, chemical and chemical fiber and other sectors. Among them, the real estate sector ranked first in net capital outflows, with a net outflow of 824 million yuan. The largest net outflows were Rongsheng Development, the first shares, and China Hi-Tech, with net outflows of RMB 88 million, RMB 59 million and RMB 55 million respectively. The ferrous metal sector ranked second in net capital outflow, with a net outflow of 819 million yuan. The largest net outflows were Hegang, Erdos and Baosteel, with net outflows of 669 million yuan, 39 million yuan and 0.27 billion yuan respectively. Non-metallic minerals accounted for the third outflow of net capital, with a net outflow of 811 million yuan. The largest net outflows were Jinhao, Kuncai and Samsung New Materials, with net outflows of 231 million yuan, 155 million yuan and 0.72 billion yuan respectively.

Such capital flow shows that some hot money began to use the market to pursue the enthusiasm of Xiong'an concept stocks and gradually reduce their positions.

However, on the one hand, the “Belt and Road” summit will be held soon, and the “One Belt, One Road” concept stocks are expected to stand up. On the other hand, the recent adjustments are more adequate, and the performance mines are mostly detonated. The enthusiasm of market participants to low stock allocation has rebounded. . Reflected in the disk, the instrumentation, textile industry, brokerage and other sectors have a small increase in funds. Among them, the instrument and instrument sector accounted for the net inflow of funds, with a net inflow of 324 million yuan. The largest net inflows were Xianhe Environmental Protection, Nanhua Instrument and Jizhi Shares, with net inflows of 120 million yuan, 0.11 billion yuan and 0.07 billion yuan respectively. The textile industry sector ranked second in net capital inflows, with a net inflow of 232 million yuan. The largest net inflows were Changshan, Xinye Textile and Vosges, with net inflows of 109 million yuan, 0.03 billion yuan and 0.03 billion yuan respectively. The brokerage sector ranked third in net capital inflows, with a net inflow of RMB 220 million. The largest net inflows were Baoshuo, Founder Securities and Dongxing Securities, with net inflows of RMB 50 million, RMB 29 million and RMB 22 million respectively.

Based on this, it can be speculated that the market acceptance of the textile sector is increasing. This may benefit from the deepening of the supply-side structural reform, which has caused a large number of small and medium-sized enterprises to withdraw their production capacity from the market, leaving a broader industrial growth space for listed companies with financial strength and scientific research strength. At the same time, with the improvement of the consumption power of Chinese residents, the trend of consumption upgrading has become clearer, and the sales share of high-quality fabric products has increased rapidly, which is conducive to the industrial development and performance improvement of relevant listed companies. Therefore, the valuation of individual stocks in the textile industry sector The center of gravity is expected to pick up.

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