Huatai Securities pointed out that the risk of negative feedback on the financial side of the early market was further mitigated, but the combined upward consistency still needs to be strengthened. Among transactional funds, the outflow intention of financing funds and Dragon Tiger funds has clearly abated, but capital activity and leverage have not expanded at the same time, and the recovery slope of transactional funds is still unstable; in allocated funds, some signs of acceptance were observed last week, but considering that the Federal Reserve Bank's annual meeting is partial and actively allocated foreign capital is still not shifting to inflows, the sustainability of capital inflows remains to be observed. In terms of direction, the Fund's attention to dividends and new energy sources has increased markedly. In terms of technology, there has been a marked decline in new releases on the hardware side, a slight recovery on the software side, and non-ferrous and pharmaceuticals have maintained a relatively stable distribution trend.

Zhitongcaijing · 2d ago
Huatai Securities pointed out that the risk of negative feedback on the financial side of the early market was further mitigated, but the combined upward consistency still needs to be strengthened. Among transactional funds, the outflow intention of financing funds and Dragon Tiger funds has clearly abated, but capital activity and leverage have not expanded at the same time, and the recovery slope of transactional funds is still unstable; in allocated funds, some signs of acceptance were observed last week, but considering that the Federal Reserve Bank's annual meeting is partial and actively allocated foreign capital is still not shifting to inflows, the sustainability of capital inflows remains to be observed. In terms of direction, the Fund's attention to dividends and new energy sources has increased markedly. In terms of technology, there has been a marked decline in new releases on the hardware side, a slight recovery on the software side, and non-ferrous and pharmaceuticals have maintained a relatively stable distribution trend.