On April 3rd, the A-share margin financing and securities lending balance decreased by 17.87B yuan, with transportation and other industry stocks favored for financing.

Two-financing data for China’s A-share market has seen fluctuations in recent days. As of April 3, the balance of financing and securities lending in the Shanghai and Shenzhen markets fell to 25,808.02 billion yuan, down 17.871 billion yuan from the previous trading day, and remained at 2.65% of the market value of shares available for trading. On the same day, the two-financing trading scale contracted in parallel; the transaction value was 151.04 billion yuan, down 13.013 billion yuan month-on-month, accounting for 9.05% of A-share total trading value.

Industry capital flows show a differentiated pattern. Among the 31 first-level industries in Shenwan, only 4 industries received net inflows of financing funds. The transportation transport sector led with net purchases of 220 million yuan. Petroleum and petrochemicals, conglomerates, and the environmental protection industry followed closely. The remaining 27 industries all showed a net capital outflow position, reflecting a cautious attitude toward market capital allocation.

At the individual stock level, financing funds have maintained high attention on certain targets. Data shows that 17 stocks had daily net purchases of financing exceeding 100 million yuan; among them, Tengjing Technology had the highest net purchases of 320 million yuan. Technology-related enterprises such as Dongshan Precision, CATL, and Shenghong Technology, as well as semiconductor-related targets such as Hanyuan and Micronet, all received sizable capital additions. Cyclical stocks such as Chifeng Gold and China Merchants Port Shipping, as well as resource-related companies such as Deke Li and Zijin Mining, also moved into the ranks of net inflows.