11 new A-shares included in the MSCI China Index highlight two major characteristics
Our reporter Wu Shan, trainee reporter Ren Shibi
On August 12, Beijing time, MSCI, an international index compilation company, announced the results of the August quarterly index review.
11 stocks are newly included in the MSCI China Index, namely, China Micro and Micro, Jinshan Office, Stone Technology, Wantai Bio, China Baoan, China Unicom, CRRC, Amic, Shanghai Silicon Industry-U, Star Semiconductor, Zhongtai Securities.
According to the MSCI announcement, the above adjustments will take effect after the close of trading on August 31.
"This adjustment does not involve the adjustment of weights, so it has a limited impact on the overall trend of A shares, but for the inclusion of the target, it will bring activity to a certain extent." said Chen Mengjie, chief strategy analyst of the Yuekai Securities Research Institute.
"There are many indexed investments and institutional investors in foreign capital. Therefore, for the targets newly included in the MSCI China Index, it will help them gain more market attention, and it will also be easy to get the inflow of passive allocation of index funds to stimulate the company. Short-term stock price strength. But from the perspective of the lengthening cycle, it still depends on the quality of the fundamentals of the selected company." Hu Bo, the manager of the private equity row net fund, told the "Securities Daily" reporter.
The reporter combed through the 11 stocks transferred into the MSCI China Index and found that: on the one hand, the company’s performance is generally good, with 10 companies achieving year-on-year growth in net profit in the first quarter of 2021; up to now, a total of 4 companies have disclosed Half-year performance forecast, China Baoan, Wantai Biotech, Zhongtai Securities and other three companies are expected to have a good first half of the year.
On the other hand, institutions have gathered together, and there are social security funds, insurance funds, QFII, securities companies and other institutions in the list of the top ten shareholders of 8 companies with tradable shares. Among them, Shanghai Silicon Industry-U insured assets are held at the same time as QFII.
In addition, the above-mentioned 11 stocks have recently been active in the market.
Since August, the stock prices of six of these stocks have risen, accounting for more than 50%.
Four stocks, including China Baoan, Stone Technology, Jinshan Office, and Zhongtai Securities, had the highest cumulative gains during the period, all exceeding 5%.
In addition to the recent active stock price performance, mainstream funds in the market have also poured into related concept stocks for layout since August. According to statistics from Flush, the reporter found that among the 11 stocks mentioned above, 4 stocks showed a net inflow of large order funds within a month, attracting a total of 1.038 billion yuan. Among them, Bao'an of China is the most sought after. During the period, the accumulated net inflow of large order funds reached 732 million yuan. During the period of Jinshan Office and Stone Technology, the accumulated net inflows of large order funds reached 155 million yuan and 113 million yuan respectively. CRRC also received Favored by large single funds. (Securities Daily)