Major Funds | End-of-Day Capital Exodus, Multiple Popular Stocks on the List

211 stocks experienced net outflows of over 100 million yuan from major funds.

Today (March 17), the three major A-share indices all declined. By the close, the Shanghai Composite fell 0.85%, the Shenzhen Component Index dropped 1.87%, and the ChiNext Index declined 2.29%. Market turnover was 2.22 trillion yuan, down 115.4 billion yuan from yesterday.

According to Securities Times Data Treasure, net outflows from major funds in the A-share market totaled 60.373 billion yuan throughout the day, with the ChiNext experiencing net outflows of 28.582 billion yuan, while the STAR Market saw a slight net inflow of 1.51 billion yuan.

In terms of industries, seven first-level sectors under Shenwan experienced net inflows of major funds, with only the non-bank financial sector seeing inflows exceeding 1 billion yuan, totaling 11.99 billion yuan. The automotive, steel, and light industry manufacturing sectors also saw significant net inflows. The communication sector experienced net outflows exceeding 10 billion yuan, while electronics and electrical equipment sectors each saw outflows over 8 billion yuan.

Funds fleeing from high-performance computing hardware stocks

Looking at individual stocks, 55 stocks saw net inflows of over 100 million yuan from major funds, with 14 stocks each experiencing net inflows exceeding 300 million yuan.

GCL System Integration led with a net inflow of over 2 billion yuan, with its stock price hitting the daily limit. On March 17, the photovoltaic equipment sector performed strongly, with GCL System Integration, Guosheng Technology, and others hitting the daily limit. According to news, NVIDIA CEO Jensen Huang announced at the GTC conference that space computing has arrived at the final frontier. As satellite constellations are deployed and deep space exploration advances, intelligence must exist where data is generated. Institutions expect that computing satellites will create demand exceeding 100 GW for space-based photovoltaics.

Shanzi High-Tech had a net inflow of 1.339 billion yuan, with its stock price soaring over 8%. Other stocks such as East Money, Shunhao Shares, Lixun Precision, Tonghuashun, and Wolterk also saw net inflows exceeding 500 million yuan.

According to Data Treasure, 211 stocks experienced net outflows of over 100 million yuan from major funds, with 27 stocks each experiencing outflows exceeding 400 million yuan.

The decline in high-performance computing hardware stocks was significant, with Huagong Tech, Tianfu Communications, XinYisheng, Zhongji Xuchuang, and other CPO concept stocks leading the outflows, each exceeding 1 billion yuan. The GTC conference’s conclusion and the market’s profit-taking after positive news led to stock price corrections.

Goldwind Technology, Dongshan Precision, Aerospace Development, Sinoma, and Robotech also experienced net outflows exceeding 700 million yuan.

15 stocks saw net outflows of over 100 million yuan in the last trading session

Data Treasure reports that the net outflow of major funds from the two markets at the close was 14.92 billion yuan. Only four sectors experienced net inflows from major funds at the close, with only the petroleum and petrochemical and coal sectors seeing inflows exceeding 100 million yuan, each around 130 million yuan. Six sectors experienced net outflows exceeding 1 billion yuan, with electronics leading with outflows over 3.1 billion yuan; power equipment, communications, and computers each saw outflows over 1 billion yuan.

Looking at individual stocks, five stocks experienced net inflows of over 100 million yuan at the close. Among them, Jinjingda had the largest net inflow of 211 million yuan, with its stock price hitting the daily limit again. Since February 11, the company’s stock price has increased by over 70%. News indicates that tensions in the Middle East remain high, and the transportation of the Strait of Hormuz, which accounts for about 33% of global fertilizer trade, has been disrupted.

Western Materials, Chuanjinnuo, Yingke Medical, and Hongbaoli also saw net inflows exceeding 100 million yuan at the close, with major funds actively buying.

From the net outflows at the close, 15 stocks experienced net outflows of over 100 million yuan, many of which are popular stocks.

Huagong Tech continued to lead with net outflows of 359 million yuan; Sunshine Power, Zhongji Xuchuang, and Shenghong Technology each experienced net outflows exceeding 200 million yuan at the close.