2024-09-02
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when a whale falls, everything comes to life. after a series of sharp corrections in bank stocks, a-shares were all in the green on the last trading day of august. style switching divergences have arisen again. in september, can banks yyds?
in the last three trading days of august, banks that have hit record highs recently adjusted drastically. the median decline of 42 listed banks was -4.72%, with large banks leading the decline. bank of communications fell 11.46%, while china construction bank, agricultural bank of china, industrial and commercial bank of china, and bank of china all fell more than 7% during the same period. even after the adjustment, bank etfs still have the highest year-to-date gains among domestic stock etfs.
at the same time, on the last trading day of august, the interim reports of the four major banks were all disclosed. after the national team increased its holdings at the end of 2023, whether there will be further actions is the focus of market attention. the interim report shows that the national team chose to remain silent in the first half of the four major banks, and huijin investment co., ltd.'s shareholding ratio did not change. however, china securities finance corporation increased its holdings in china merchants bank in the first half of the year.
in terms of stock price performance, agricultural bank of china, industrial and commercial bank of china, bank of china, and china construction bank rose by 26.34%, 19.24%, 15.79%, and 13.67% respectively in the first half of the year. following the national team's "homework" in banks is a reliable investment.
after bank stocks fell for one day, investors shouted "reverse and pick up the crowd"; after bank stocks fell for two days, "i heard that bank researchers across the market were very excited"; after bank stocks fell for three days, the market said it needed to find out the reasons.
the national team did not increase its holdings in the four major banks in the first half of the year, but increased its holdings in china merchants bank