Food & Beverage Sector Leads Main Board Net Inflow at RMB 1.814 Billion, Kweichow Moutai Inflows RMB 655
The Shanghai Composite Index rose 0.40% on July 29, with 29 of the Shenwan sectors gaining. The food and beverage sector advanced 1.42% and recorded a net main board capital inflow of RMB 1.814 billion, the highest among all sectors. Kweichow Moutai led individual stocks with a net inflow of RMB 655 million. Overall, main board capital saw a net outflow of RMB 2.979 billion, with the computer and electronics sectors posting the largest outflows.
The Shanghai Composite Index rose 0.40% on July 29. Among the Shenwan industry classifications, 29 sectors posted gains for the day. The media and retail trade sectors led the advance, rising 3.07% and 2.73%, respectively. The food and beverage sector rose 1.42%. The sectors with the largest declines were electronics and computer, falling 1.13% and 0.12%, respectively.
From a capital flow perspective, main board funds recorded a net outflow of RMB 2.979 billion for the day. Fifteen sectors saw net capital inflows, with the food and beverage sector ranking first with a net inflow of RMB 1.814 billion. The non-bank financial sector rose 1.25% and recorded a net inflow of RMB 1.695 billion. Sixteen sectors experienced net capital outflows, with the computer sector leading at a net outflow of RMB 3.661 billion, followed by the electronics sector at RMB 2.871 billion. Other sectors with relatively large net outflows included machinery, banking, and real estate.
The food and beverage sector rose 1.42% on the day, with a full-day net main board capital inflow of RMB 1.814 billion. The sector comprises 122 listed stocks, of which 117 rose, including 14 that hit the daily limit up, while 5 declined. Capital flow data shows that 78 stocks in the sector recorded net capital inflows, with 7 stocks seeing net inflows exceeding RMB 50 million. The stock with the largest net inflow was Kweichow Moutai, at RMB 655 million. Eastroc Beverage and Shanxi Fenjiu recorded net inflows of RMB 202 million and RMB 105 million, respectively. Among stocks in the food and beverage sector with net capital outflows, 6 saw net outflows exceeding RMB 10 million. The stocks with the largest net outflows were Chengde Lolo, Jinzhongzi Liquor, and Lotus Health, with net outflows of RMB 31.15 million, RMB 26.67 million, and RMB 21.87 million, respectively.