This week's main capital flow: Non-ferrous chemicals and building materials are favored, while sectors like electronics and stocks such as New Easy Sheng are being sold off.

In the recent five trading days of capital flow, the non-ferrous metals, basic chemicals, and building materials sectors have become key areas for major capital allocation. Data shows that all three industries have exhibited a significant net inflow trend, reflecting an increased market preference for cyclical sectors. Meanwhile, technology growth sectors such as electronics, computers, and power equipment have experienced concentrated capital withdrawals, with the electronics industry alone seeing a net outflow exceeding 25 billion yuan in a single week, making it the most severely affected area for capital outflow.

From the perspective of individual stock performance, capital flows show clear divergence. Ganfeng Lithium leads with a net inflow of 2.72 billion yuan, with the stock’s price increasing by 18.15% during the same period, indicating that the lithium resource sector continues to be favored by the market. Demingli and Yunnan Zhi Industry received net inflows of 1.588 billion yuan and 1.420 billion yuan, ranking second and third on the individual stock net inflow list. In terms of capital outflows, Xinyi Technology topped the list with a net sell amount of 3.886 billion yuan, followed closely by Sungrow Power and Huagong Technology, with net outflows of 2.985 billion yuan and 2.919 billion yuan, respectively. All three of these stocks belong to technology-related targets that have seen significant price increases recently.

The divergence characteristics in industry capital flows reflect the current market’s differing expectations for various sectors. Cyclical industries benefit from expectations of economic recovery and commodity price fluctuations, leading to continued capital accumulation; while technology sectors, which have seen substantial prior gains, are facing profit-taking pressure due to valuation concerns and performance realization worries. This structural capital movement may continue to affect short-term market style performance.