Margin Buying Exceeds RMB 100 Million for 444 Stocks; Zhongji Innolight, Changxin Technology, GigaDevice Top
As of August 17, A-share margin financing balance rose to RMB 2.67 trillion, up RMB 17.785 billion from the prior session. Margin buying for 444 stocks exceeded RMB 100 million. Zhongji Innolight, Changxin Technology, and GigaDevice led margin buying with RMB 5.847 billion, RMB 4.283 billion, and RMB 4.234 billion, respectively. Zhongji Innolight also topped net margin buying at RMB 929 million. The highest margin-buying-to-turnover ratio was 30.24% for Xiangyi Rongtong. Net margin buying above RMB 100 million was concentrated in electronics, communications, and computers, with 28, 10, and 2 stocks, respectively.
As of August 17, the total margin financing balance on the A-share market stood at RMB 2.67 trillion, up RMB 17.785 billion from the previous trading day. The Shanghai market's balance was RMB 1.36485 trillion, up RMB 9.852 billion; the Shenzhen market's balance was RMB 1.292444 trillion, up RMB 7.913 billion; and the Beijing Stock Exchange's balance was RMB 8.377 billion, up RMB 19.6147 million.
The top three stocks by margin buying amount were Zhongji Innolight, Changxin Technology, and GigaDevice, with purchases of RMB 5.847 billion, RMB 4.283 billion, and RMB 4.234 billion respectively. In net margin buying, Zhongji Innolight led with RMB 929 million, followed by Eoptolink and Changxin Technology with RMB 805 million and RMB 547 million respectively. In terms of margin buying as a percentage of total turnover, Xiangyi Rongtong, Annada, and Intco Recycling ranked top three with 30.24%, 29.2%, and 27.62% respectively.
By industry, stocks with net margin buying exceeding RMB 100 million were concentrated in electronics, communications, and computers, with 28, 10, and 2 stocks respectively. By board, 27 were on the main board, 12 on the ChiNext, and 15 on the STAR Market. In terms of margin balance as a percentage of float market value, the arithmetic average for these stocks was 4.18%, with Jialichuang having the highest at 9.97%, followed by Gaoneng Environment, Goke Microelectronics, and Wangsu at 9.08%, 7.64%, and 6.74% respectively.