[Market Insights] Rare Earth ETF Trading Volume Soars, Multiple Sources of Funds Join Hands to Sell Off Baili Electric

The total trading volume of Shanghai-Shenzhen Stock Connect today was RMB 143.208 billion, with China Merchants Bank and CATL ranking first in terms of individual stock trading volume on the Shanghai Stock Connect and Shenzhen Stock Connect, respectively. In terms of the most-traded contract's open interest by sector, the non-bank financial sector saw the highest net inflow of open interest. In terms of ETF trading volume, the Hong Kong Stock Exchange Innovative Drug ETF (513120) ranked first. In terms of the most-traded futures contracts' open interest, the number of short positions reduced in the IC contract exceeded that of long positions. On the Dragon Tiger List, Anglikang received RMB 235 million in purchases from institutions; Limin Chemical received RMB 105 million in purchases from institutions; Royal Silver was sold off by institutions for RMB 115 million; China Superconductor was sold off by institutions for over RMB 60 million; Junyao Health was sold off by institutions for over RMB 60 million; Chutianlong received over RMB 90 million in purchases from the Yichang Yanjiang Avenue Business Department of Guotai Haitong Securities; Nanhua Futures was sold off by two quantitative trading seats.

I. Top 10 Stocks by Trading Volume on Shanghai-Shenzhen Stock Connect

Today, the total trading volume on the Shanghai Stock Connect was RMB 68.229 billion, while that on the Shenzhen Stock Connect was RMB 74.979 billion.

Among the top 10 stocks by trading volume on the Shanghai Stock Connect, China Merchants Bank ranked first; Kweichow Moutai and JAC ranked second and third, respectively.

Among the top 10 stocks by trading volume on the Shenzhen Stock Connect, CATL ranked first; BYD and East Money ranked second and third, respectively.

II. Main Large-Order Open Interest by Sector and Individual Stocks

In terms of sector performance, rare earth permanent magnets, gaming, auto parts, and securities sectors led the gains, while controlled nuclear fusion, other power supply equipment, biological vaccines, and communication services sectors led the losses.

In terms of the most-traded sector's open interest monitoring data, the non-bank financial sector saw the highest net inflow of open interest.

In terms of sector open interest outflows, the pharmaceutical sector saw the highest net outflow of open interest.

In terms of the most-traded individual stock's open interest monitoring data, the sectors of the top 10 stocks with net inflows of open interest were relatively scattered, with N-Insta360 ranking first in terms of net inflows.

The sectors of the top 10 stocks with net outflows of open interest were relatively scattered, with Lianhe Tech ranking first in terms of net outflows.

III. ETF Trading Volume

Among the top 10 ETFs by trading volume, the Hong Kong Stock Exchange Innovative Drug ETF (513120) ranked first, while the CSI 300 ETF (510300) ranked second.

Among the top 10 ETFs by MoM growth in trading volume, the Germany ETF (159561) ranked first with an 110% MoM increase in trading volume from yesterday; two rare earth ETFs ranked second and third, with the Rare Earth ETF Fund (516150) ranking second with a 93% MoM increase in trading volume.

IV. Most-Traded Futures Contracts' Open Interest

Among the most-traded contracts of the four major stock index futures, both longs and shorts reduced their positions in the IH, IC, and IM contracts, with longs reducing more positions in the IH and IM contracts and shorts reducing slightly more positions in the IC contract; both longs and shorts increased their positions in the IF contract, with shorts increasing more positions.

V. Dragon Tiger List

1. Institutions

Today, the activity level of institutions on the Dragon Tiger List was moderate. On the buying side, Angelic, a concept stock of innovative drugs, was bought by institutions for 235 million yuan; Limin Chemical, a pesticide stock, was bought by institutions for 105 million yuan.

On the selling side, Yuyin, a concept stock of stablecoins, was sold by institutions for 115 million yuan; Zhongchao Holding, a nuclear power stock, was sold by institutions for over 60 million yuan; Junyao Health, a dairy stock, was sold by institutions for over 60 million yuan.

2. Retail Investors

The activity level of first-tier retail investors declined significantly. Baili Electric, a concept stock of controllable nuclear fusion, was sold by three first-tier retail investor seats for a total of over 200 million yuan, and the stock was also sold by a seat of Shanghai-Hong Kong Stock Connect for over 100 million yuan; Chutian Dragon, a concept stock of stablecoins, was bought by the Yichang Yanjiang Avenue Business Department of Guotai Haitong Securities for over 90 million yuan.

The activity level of quantitative funds was moderate. Baili Electric was sold by two quantitative seats; Nanhua Futures was sold by two quantitative seats.