The stock market today experienced a noteworthy turning point — main funds broke through the previous consolidation pattern, achieving a rare net purchase of 5.6 billion yuan. But what's even more interesting is that these funds were not evenly distributed; instead, they showed a clear selective preference: the technology and resource sectors became the main focus of institutional buying, while the consumer and financial sectors faced concentrated selling.

Looking at the specific layout of the main funds makes it even clearer. Sugon (中科曙光) led the list with a net purchase of 1.64 billion yuan, with the strong rise in AI server business supporting a 6.93% increase; followed closely by Industrial Fulian (工业富联) with a net buy of 1.54 billion yuan, also boosted by the AI server hype, rising 3.17%. China Great Wall (中国长城) saw a net purchase of 1.43 billion yuan and hit the daily limit, supported by improved earnings. Semiconductor and optical module stocks like Hygon (海光信息), New EasyS (新易盛), and Semiconductor Manufacturing International Corporation (中芯国际) also gained favor from main funds, with net purchases exceeding 1 billion yuan each. Huatian Technology (华天科技), Tongfu Microelectronics (通富微电), and Lankes Technology (澜起科技) all hit the daily limit or surged significantly, driven by the hot semiconductor industry chain. Zijin Mining (紫金矿业), representing the resource sector, also joined in with a net purchase of 830 million yuan.

In contrast, Xinwei Communications (信维通信) was heavily sold off with a net outflow of 1.85 billion yuan, a decline of 10.16%; Kweichow Moutai (贵州茅台), though with a relatively mild decline, also saw a reduction of 1.48 billion yuan. Former hot stocks like TBEA (特变电工), Shanxi High-Tech (山子高科), and Goldwind (金风科技) are now targets of main fund reductions, with net sales exceeding 800 million yuan each. Agricultural Bank of China (农业银行), representing the financial sector, was also sold off by 672 million yuan.

From the market rhythm perspective, today’s performance showed a typical pattern of more gains than declines, with the strong rise of core technology stocks supporting the overall trend. The direction of main fund inflows was unusually clear — focusing on the technology and resource tracks, with semiconductors being the steadfast main line. Related stocks along the industry chain’s upstream and downstream sectors were repeatedly favored. The market’s rotation speed is indeed accelerating, but the logic behind the funds remains consistent, always centered around these two main themes, with no obvious deviation.

This focused capital effect perhaps reflects the current market consensus on industry directions — emerging industries like AI, chips, and new energy have become the core areas for main fund deployment, while traditional consumer finance temporarily lost attractiveness. For investors, observing these changes in capital flow may help better grasp the market’s cyclical pulse.