By “smart money” selling Maotai plunged more than 18%, shrinking more than 600 billion

A shares this week continuous pullback, the last trading day in February, Shanghai and Shenzhen stock indexes opened sharply lower, the early decline was once narrowed, the three major stock indexes fell to within 1%, and then maintain a weak shock trend, after lunch again down, the three major stock indexes fell by more than 2%. Most of the sectors in Shanghai and Shenzhen are lower, financial and cyclical stocks have fallen sharply. The market is known as “smart money” northward capital net outflow of more than 5.6 billion yuan for the whole day, net selling 7.5 billion yuan this week.

Friday (February 26), by the close of trading, the Shanghai Stock Exchange Index fell 2.12% to 3509.08 points, the Shenzhen Stock Exchange Index fell 2.17% to 14507.45 points, and the Growth Enterprise Market Index fell 2.12% to 2914.11 points. The combined turnover of the two markets was 906.9 billion yuan, with a net outflow of 5.632 billion yuan in northward capital.

From a monthly perspective, the SSE index rose about 0.8% in February, while the SZSI index fell more than 2% and the GEM index fell nearly 7%.

The SSE index fell more than 220 points, or nearly 6 percent, from a high of 3,731.69 to a Friday close of 3,509.08 in the seven trading days since the start of the bull year.

The GEM index fell from a high of 3476 on Feb. 18 to 2914.11 today, down more than 16 percent, while the SZSI index fell nearly 11 percent.

Maotai led by the Maotai index, plunged more than 15% in the past seven trading days.

Recently, liquor stocks have become an important sector of the North capital selling cash, the whole liquor stocks were net sold more than 4.5 billion yuan this week, the cumulative total of 19.4 billion yuan since this year was a substantial net sale.

Among them, Guizhou Maotai this week by the net sale of 1.681 billion yuan of northbound funds, northbound funds hold Guizhou Maotai market value than last week’s high plummeted nearly 50 billion yuan. Affected by the substantial withdrawal of funds, as of February 26, Guizhou Maotai fell from the highest 2627.88 per share to the latest 2122.78 yuan per share, down more than 18%, from the intraday high, down more than 19%, the market value evaporated more than 600 billion.

The Securities Times reported on Feb. 24 that the Chinese stock market ended the month of February in a disastrous way: Aimek fell directly from 1,331 yuan per share to less than 840 yuan per share, plunging more than 30% in seven trading days; Ningde Times, China CDF, Aier Ophthalmology, etc., all fell more than 20%; Haitian Flavor Industry and Myriad Medical fell more than 15%.

Wind data show that since the bull year, as of February 25 net value, 4474 active equity funds fell more than 6% on average, including a number of top stream fund manager’s products fell more than 10%.