Communication sector sees net outflow of 18.273 billion yuan in main funds today

Price Action

โดย 证券时报·Read original

Summary · why it matters

On July 17, the communication sector recorded a full-day net outflow of 18.273 billion yuan in main funds, ranking second among Shenwan industries in net outflows. The Shanghai Composite Index fell 3.05% on the day, while the communication sector index plunged 9.84%, making it the worst-performing sector. Among its 122 constituent stocks, 111 declined and 13 hit their daily limit down. In terms of fund flows, the two markets saw a total net outflow of 138.097 billion yuan in main funds for the day. Only the public utilities sector attracted a net inflow of 642 million yuan, while the electronics sector topped the outflow list with a net outflow of 49.593 billion yuan. Within the communication sector, Eoptolink Technology, Zhongji Innolight, and ZTE posted the largest net outflows, reaching 4.297 billion yuan, 3.33 billion yuan, and 3.038 billion yuan respectively. In contrast, Star-net Ruijie, Gongjin Electronics, and Halo New Network bucked the trend with net inflows of 777 million yuan, 602 million yuan, and 170 million yuan respectively.