DZ20240119
Policy
*NDRC: to step up issuance of policies positive to stabilizing expectation, growth and employment when contraction measures shall be issued with prudency. Strategy in expanding domestic demand and effective investment to be further promoted. Negative list for market access of foreign capital to be revised and entry restriction of foreign capital in manufacturing industry to be fully removed.
Co Focus
*Tesla started purchase of positive polar coils from two Chinese tier-2 battery companies since 2H 2023 and shipped them back for production of 4680 batteries.
Data
*NEA: total electricity consumption in 2023 around 9.22tn KWh, up 6.7% y/y.
Jan 18 Block Trade Info
*Premium
- Bohai Leasing (000415 CH) saw 1 block trades worth 165.11mn at 2.09yuan per share, 5.03ct premium from last closing.
*Flat
- China Yangtze Power (600900 CH) saw 4 block trades worth 79.65mn at 23.32yuan per share, flat from last closing.
- Haier Smart Home (600690 CH) saw 1 block trades worth 211.11mn at 21.63yuan per share, flat from last closing.
- Moutai (600519 CH) saw 2 block trades worth 1.02bn at 1610.87yuan per share, flat from last closing.
- Minsheng Bank (600016 CH) saw 1 block trades worth 393.75mn at 3.75yuan per share, flat from last closing.
*Margin Trade （SZ Margin Trade Not Released）
|
Total Margin Balance |
1.5610 trillion |
Total Short Selling Balance |
69.0 billion |
|
SH Margin Balance |
0.8190 trillion |
SH Short Selling Balance |
43.7 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600809 |
152mio |
600010 |
5.3mio |
|
603501 |
118mio |
600157 |
5.3mio |
|
601555 |
62.2mio |
600095 |
5.1mio |
|
601033 |
55.3mio |
600207 |
3.2mio |
|
603083 |
55.2mio |
600208 |
1.7mio |
|
SZ Margin Balance |
0.7408 trillion |
SZ Short Selling Balance |
25.3 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
000063 |
121mio |
002131 |
1.9mio |
|
000009 |
78.9mio |
002610 |
1.9mio |
|
300364 |
64.8mio |
002129 |
1.3mio |
|
000977 |
62.1mio |
002340 |
1.3mio |
|
000001 |
58.8mio |
002230 |
1.2mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
+1.052 |
Northbound Net Cash Flow |
-1.793 |
||
|
Southbound Net Cash Flow |
+0.847 |
Southbound Net Cash Flow |
-0.262 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
601012 |
813 |
5.03 |
300124 |
285 |
2.00 |
|
600519 |
499 |
0.25 |
601288 |
253 |
0.20 |
|
601888 |
334 |
2.05 |
600036 |
247 |
0.34 |
|
002459 |
286 |
4.46 |
601899 |
223 |
0.72 |
|
600150 |
255 |
1.98 |
000001 |
185 |
1.03 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2401 |
92,154 |
-10,998 |
27,584 |
-10,250 |
30,182 |
-13,572 |
|
IF2402 |
101,275 |
57,753 |
49,396 |
21,487 |
54,496 |
22,106 |
|
IF2403 |
77,299 |
18,713 |
83,279 |
3,128 |
105,412 |
2,152 |
|
IF2406 |
33,084 |
9,311 |
48,786 |
1,137 |
73,544 |
1,368 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2401 |
68,691 |
6,302 |
18,540 |
-10,760 |
20,127 |
-10,168 |
|
IH2402 |
64,636 |
35,642 |
33,107 |
14,780 |
36,236 |
13,920 |
|
IH2403 |
49,169 |
17,298 |
42,430 |
2,631 |
56,694 |
2,416 |
|
IH2406 |
21,491 |
8,485 |
20,358 |
755 |
31,598 |
1,762 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2401 |
78,466 |
-3,696 |
22,532 |
-12,579 |
21,101 |
-14,796 |
|
IC2402 |
93,885 |
52,478 |
55,429 |
17,955 |
54,776 |
18,064 |
|
IC2403 |
77,668 |
31,980 |
98,178 |
5,690 |
105,058 |
5,353 |
|
IC2406 |
37,462 |
17,887 |
78,227 |
4,275 |
87,720 |
2,142 |
|
CSI 1000 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IM2401 |
75,455 |
615 |
22,737 |
-8,275 |
22,975 |
-10,682 |
|
IM2402 |
90,961 |
49,200 |
47,601 |
14,179 |
51,672 |
15,449 |
|
IM2403 |
87,688 |
37,585 |
79,284 |
3,254 |
84,811 |
1,239 |
|
IM2406 |
43,776 |
18,289 |
64,417 |
3,334 |
73,584 |
1,914 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2401 |
322322 |
121548 |
57024 |
-1936 |
65819 |
-5069 |
|
IO2402 |
119433 |
75166 |
33468 |
6202 |
39046 |
7370 |
|
IO2403 |
26598 |
15101 |
36961 |
640 |
46797 |
782 |
|
CSI 1000 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
MO2401 |
369386 |
183558 |
44306 |
-3398 |
45977 |
-4089 |
|
MO2402 |
165853 |
116184 |
35271 |
5880 |
39007 |
6577 |
|
MO2403 |
28215 |
16901 |
29187 |
545 |
35192 |
965 |
|
MO2406 |
11040 |
6175 |
17610 |
41 |
22055 |
266 |
|
MO2409 |
7473 |
4949 |
20378 |
37 |
22390 |
57 |
|
SSE50 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
HO2401 |
168450 |
79614 |
33281 |
-2785 |
39010 |
-3388 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2403 |
45,361 |
-15,736 |
60,486 |
-422 |
66,363 |
293 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2403 |
77,548 |
-14,894 |
95,494 |
-543 |
102,439 |
-164 |
|
TF2406 |
6,922 |
-1,388 |
13,181 |
586 |
13,408 |
718 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2403 |
118,753 |
20,663 |
147,106 |
-1,695 |
150,296 |
-1,797 |
|
T2406 |
7,969 |
-1,020 |
19,875 |
124 |
19,310 |
-71 |
|
30-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TL2403 |
44,118 |
9,359 |
39,413 |
-420 |
41,715 |
-827 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Crude Oil |
SC2403 |
564.6 |
+1.99% |
163,695 |
30,294 |
|
Coking Coal |
JM2405 |
1,813.0 |
+1.14% |
39,850 |
135,144 |
|
Corn Starch |
CS2403 |
2,852.0 |
+1.13% |
82,086 |
137,134 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Fuel Oil |
FU2403 |
2,923.0 |
-1.25% |
381,135 |
222,239 |
|
Zinc |
ZN2403 |
20,740.0 |
-0.55% |
37,657 |
90,610 |
|
TSR 20 |
NR2403 |
11,205.0 |
-0.44% |
20,791 |
54,008 |
* Commodities (night session):
* Global crude oil price closed up collectively. March NYMEX crude oil contract up 1.89% to closed at $73.85/b, March Brent contract up 1.44% to closed at $79.00/b. INE crude oil active contract up 1.99% to 564.6 yuan/b.
* Precious metals closed up collectively, COMEX gold active contract up 0.93% and closed at $2025.1/oz. SHFE gold active contract up 0.11% and closed at 479.96 yuan/gram.
* Metals closed up mostly, LME tin up 0.66%, LME lead up 0.65%, LME nickel up 0.57%. SHFE lead up 0.40%, SHFE nickel up 0.39%, SHFE zinc down 0.55%, SHFE aluminum down 0.35%.
* Commodity futures closed up collectively, chemistry and energy products closed up mostly, soda ash up 1.12%, fuel oil down 1.25%. Black series closed up collectively, coking coal up 1.14%. Agricultural products closed up mostly, corn starch up 1.13%, RBD palm olein up 1.01%.
DISCLAIMER
The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.
