China's Shanghai and Shenzhen bourses saw continuous declines in net repayment in margin financing business over the past three trading days, marking improved sentiment of long positions, China Securities Journal reported on Monday.
Statistics show that the net repayment of margin financing business on the two bourses after hit a periodical peak of 47.62 billion yuan on July 28, but it sharply shrank to 10.13 billion yuan on July 29 and further declined to 1.27 billion yuan on July 30.
Data from financial information provider Wind also show that the two bourses recorded a net capital inflow of 111.579 billion yuan in the form of margin financing on July 29 and the figure climbed up to 127.67 billion yuan on July 30.
Meanwhile, the number of industrial sectors that saw net purchase in the form of margin financing expanded to 11 on July 30 as compared with five on the previous day.
Latest comments