The balance of the two financial institutions fell by more than 130 billion in a month, which industry stocks have a big impact?

As the stock price continued to fluctuate and decline, the balance of the A-share market shrank sharply.

According to the data disclosed by China Securities Financial Corporation, the balance of the two financial institutions on February 2 was 1,523.637 billion yuan, a significant decrease of 30.945 billion yuan from February 1, and the single-day decrease exceeded the previous value of 30.462 billion yuan on January 28, 2022. In addition, compared with January 2, when the stock price peaked at the beginning of the year, the balance of the two financial institutions on February 2 decreased by 131.753 billion, and the previous time the balance of the two financial institutions shrank so sharply was in April 2022, nearly two years ago.

While the balance of the two financial institutions fell sharply, the number of investors participating in the transaction also decreased significantly, with a decrease of 18.68%. It is worth noting that on February 2, the average maintenance guarantee ratio of the two financial services has dropped to 225.9%, a decrease of 26.8 percentage points from January 2.

According to Wind data, during the period of January 1st ~ February 1st, among the 31 first-level industry classifications in Shenwan, only the petroleum and petrochemical industry was net bought by financing customers, and the remaining 30 industries were net sellers, and the electronics industry was the most net sellers.

In terms of individual stocks, during the same period, China Baoan, PetroChina, Kweichow Moutai, SF Holdings, WuXi AppTec, etc. received more net purchases of leveraged funds, while Aimeike, LONGi Green Energy, Daqin Railway, etc., which had higher net sales of securities lending.

On February 2, the balance of the two financial institutions fell by 30 billion, a decrease of more than 130 billion in the past month

From the beginning of 2024 to February 2, the A-share market has fluctuated and declined as a whole, with the Shanghai Composite Index falling by 8.23%, the Shenzhen Component Index falling by 15.42%, and the ChiNext Index falling by 18.03%.

During this period, on January 2, the first trading day of 2024, the rising index went out of the highest point of 2,976.27 points, and on February 2, the Shanghai Composite Index fell to the lowest point in recent years of 2,666.33 points.

At the beginning of January, the balance of the two financial institutions was above 1.65 trillion yuan, and then gradually shrunk to below 1.6 trillion yuan on January 29, and the financing balance also began to fall to more than 1.4 trillion yuan on February 1. Among them, during the period of January 26 ~ February 2, the balance of the two financial institutions continued to decline, with a cumulative shrinkage of 77.834 billion yuan.

According to the data disclosed by China Securities Financial Corporation, the balance of the two financial institutions on February 2 was 1,523.637 billion yuan, a new low since January 30, 2023, of which the financing balance was 1,459.928 billion yuan and the balance of securities lending and borrowing was 63.709 billion yuan. The balance of the two financial institutions on February 2 decreased by 30.945 billion yuan compared with February 1, exceeding the previous value of 30.462 billion yuan on January 28, 2022.

Compared with the data of the two financial institutions on January 2 at the high point of the beginning of the year, the balance of the two financial institutions on February 2 decreased by 131.753 billion yuan, a decrease of 7.96%, of which the financing amount shrank by 125.075 billion yuan, a decrease of 7.89%, and the financing balance decreased by 6.678 billion yuan, a decrease of 9.49%.

The previous time the balance of the two financial institutions shrank sharply in a short period of time appeared in April 2022, when the balance of the two financial institutions decreased by 148.51 billion yuan on April 29 of that year compared with the balance of the two financial institutions on April 1. Judging from the situation in the same period of history, the large-scale shrinkage of the two financial institutions occurred in January 2022, and on January 28 of that year, it decreased by 121.67 billion yuan compared with January 4.

Judging from the situation of the two financial transactions in the latest month of 2024, compared with January 2, the financing purchase volume on February 2 decreased by 15.37%, the financing selling volume increased by 25.89%, the margin trading volume decreased by 11.83%, and the proportion of the financing transaction volume in the A-share trading volume decreased from 8% to 7.02%.

In addition, the number of individual investors and institutional investors participating in the two financial services increased by 22,000 and 111 respectively, an increase of 0.32% and 0.21% respectively. The number of investors participating in the transaction decreased significantly, by 18.68%, a decrease of 43,000 investors.

30 industries were net sold by financing, and only the petroleum and petrochemical industry was increased against the trend

In the case of a sharp decline in the balance of the two financial institutions and the departure of many investors involved in the transaction, which industries and individual stocks are favored or bearish by financing customers?

According to Wind data (the same below), as of February 1, the balance of non-bank finance, electronics, power equipment, medicine and biology and other industries was at a high level, all of which were more than 100 billion yuan, in the range of 120 billion yuan ~ 140 billion yuan. The financing balance of these four industries is also more than 100 billion yuan. In contrast, the balances of the comprehensive, textile and garment, beauty care, and social service industries are at the bottom, all below 1 million.

During the period when the balance of the two financial institutions continued to shrink in the past month (January 1 ~ February 1), the petroleum and petrochemical industry received leveraged funds to increase its positions against the trend. Among the 31 first-level industry classifications of Shenwan, only the petroleum and petrochemical industry received net purchases from financing customers, with a net purchase amount of 272 million yuan.

The remaining 30 industries are all net sellers, the electronics industry is the most net sold, reaching 10.736 billion yuan, and the computer, pharmaceutical and biological, automobile, and power equipment industries are all net sold more than 5 billion yuan.

In terms of net selling of securities lending, industries such as power equipment, non-bank finance, transportation, biomedicine, and non-ferrous metals ranked in the forefront, while industries such as electronics, computers, agriculture, forestry, animal husbandry and fishery, and iron and steel were more repaid than sold.

In terms of individual stocks, during the period of January 1 ~ February 1, China Baoan, PetroChina, Kweichow Moutai, SF Holdings, WuXi AppTec and Weir shares received more net purchases of leveraged funds, with net purchases in the range of 300 million ~ 800 million yuan;

The net selling volume of securities lending and borrowing is relatively high, including Aimeike, LONGi Green Energy, and Daqin Railway, with a net selling amount of more than 200 million yuan, and the net selling amount of Pien Tze Huang, NOVOSENSE, German Nano, Sailun Tire, Changchang Lithium and other stocks is relatively high. This means that these stocks have been bearish by investors for nearly a month.

Looking at the stocks with a sharp increase in financing balances recently, during the period of January 1 ~ February 1, the financing balances of Huali Chuangtong, Meibang Technology, and Kangnong Seed Industry changed significantly, with an increase of more than 13 times. Secondly, there are stocks such as science and technology innovation materials, Changfu shares, and bio valley. The stocks with a sharp decline in financing balances include Dayu Biological, Chunguang Pharmaceutical, Huilong Piston, Tonghui Electronics, etc.

During the same period, the stocks with a sharp increase in the balance of securities lending and borrowing included Frontier Biotechnology, Shijia Photonics, Scitech New Materials, Tianhe Defense, and Shanda Diwei, while the financing balance fell sharply from Yatai Group, Huakang Medical, Benchuan Intelligence, Jingsong Intelligence, Haochen Software and other stocks.