Keep buying as the prices fall! The financing balance of bank stocks has reached a new high for the year.
Bank stocks have experienced a significant pullback in stock prices since July 11, with the decline in the prices of many bank stocks exceeding 9%. However, from the financing data perspective, during the same period, financing clients have been continuously buying. According to statistics from Wind, the financing balance of bank stocks has fluctuated from 579 billion yuan on July 11 to 628 billion yuan on July 29. Looking at the situation of net daily financing purchases, the dates with significantly large net purchase amounts are mostly the dates with large declines in bank stock prices, showing a trend of buying more as the prices fall. On July 24 and July 29, bank stocks received nearly 15 billion yuan in net financing purchases on both dates. Overall, as of the latest data on July 29, the financing balance of bank stocks has reached 628 billion yuan, hitting a new high for the year.
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