紅利的終點在哪

目錄市場周觀察 3宏觀流動性 9微觀流動性 10流入端 12流出端 17圖表目錄圖1：2006-2014年紅利債呈負(fù)相關(guān) 3圖2：2015-至今紅利和債呈正相關(guān) 3圖3：2015-至今紅利占優(yōu)行情通常為市場下期 4圖4：中證紅利數(shù)的業(yè)權(quán)重集中度 5圖5：滾動3年的中證利指數(shù)市盈率和股率動 8圖6：滾動5年的中證利指數(shù)市盈率和股率動 8圖7：當(dāng)前經(jīng)濟長中低于中證紅利指數(shù)股率 9圖8：國債收益和DR007變化 10圖9：中美利差滬深300 10圖10：換手率分位數(shù)變動 10圖陸股通周凈買入 13圖12：陸股通周均成交額 13圖13：新發(fā)基金周度份變化 14圖14：偏股基金發(fā)行情緒 14圖15：近四周基金份額動情況 14圖16：偏股基金份額變情況 14圖17：ETF份額情況 15圖18：ETF近四周凈申購 15圖19：兩融資金流入情況 16圖20：兩融資金成交情況 16圖21：股權(quán)融資變化情況 18圖22：本周解禁市值行分布 19圖23：未來四周解禁市合計 19圖24：減持市值變動情況 20表1：中證紅利數(shù)行權(quán)重分布 5表2：萬得全A指數(shù)權(quán)重分布 6表3：中證紅利數(shù)相萬得全A的行業(yè)權(quán)重分差 7表4：A股資金周度情況 表5：行業(yè)資金動情況 12表6：近四周陸通行流動情況 13表7：寬基指數(shù)ETF份額變動情況 15表8：主要行業(yè)主題ETF份額變動情況 15表9：近四周行融資流動情況 17表10：近4周IPO和定增的行業(yè)變化情況 18表近四周行業(yè)增減變動情況 20市場周觀察201520152006-20142015-A20152015AA2015年之后，全A和紅利呈明顯的負(fù)相關(guān)，即當(dāng)全A圖1：2006-2014年紅利和債呈負(fù)相關(guān)0.10.090.080.070.060.050.040.032005-01-042006-01-042005-01-042006-01-042007-01-042008-01-042009-01-042010-01-042011-01-042012-01-042013-01-042014-01-042015-01-042016-01-042017-01-042018-01-042019-01-042020-01-042021-01-042022-01-042023-01-042024-01-04

中證全債指數(shù)/萬得全A 中證紅利/萬得全A右逆序

0.80.911.11.21.31.4數(shù)據(jù)來源：，WIND圖2：2015-至今紅利和債呈正相關(guān)0.10.090.08 0.060.050.040.032005-01-042006-01-042005-01-042006-01-042007-01-042008-01-042009-01-042010-01-042011-01-042012-01-042013-01-042014-01-042015-01-042016-01-042017-01-042018-01-042019-01-042020-01-042021-01-042022-01-042023-01-042024-01-04

中證全債指數(shù)/萬得全A 中證紅利/萬得全A右

1.41.31.21.110.90.8數(shù)據(jù)來源：，WIND圖3：2015-至今紅利占優(yōu)行情通常為市場下行期0

萬得全A 中證紅利/萬得全A右逆序

0.80.911.11.21.32005/1/42006/1/42005/1/42006/1/42007/1/42008/1/42009/1/42010/1/42011/1/42012/1/42013/1/42014/1/42015/1/42016/1/42017/1/42018/1/42019/1/42020/1/42021/1/42022/1/42023/1/42024/1/4數(shù)據(jù)來源：，WIND-低-（2）于萬得全A2009-2016年行業(yè)集中度TOP42017年-20202021TOP420184219因而偏離度的提升導(dǎo)致紅利和萬得全A表1：中證紅利指數(shù)行業(yè)權(quán)重分布2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024交通運輸鋼鐵傳媒基礎(chǔ)化工紡織服飾房地產(chǎn)建筑材料公用事業(yè)醫(yī)藥生物汽車石油石化建筑裝飾非銀金融機械設(shè)備家用電器商貿(mào)零售環(huán)保食品飲料輕工制造電力設(shè)備電子綜合農(nóng)林牧漁有色金屬美容護理計算機社會服務(wù)通信國防軍工

-12.0412.1021.39-6.201.113.490.787.352.6910.100.320.57-1.95-2.981.091.950.66-1.14-1.799.12-0.710.43--

21.9813.157.858.23-7.100.712.481.294.494.873.113.751.52-2.55-2.770.965.450.360.301.36-1.033.52-0.630.340.19-

20.4616.119.085.54-4.400.621.461.057.133.522.193.240.7810.081.720.160.600.865.001.04-1.44-0.731.73-0.650.270.12-

29.0810.995.693.54-1.970.322.900.745.342.993.744.172.3015.221.130.150.280.593.690.531.170.770.160.521.42-0.330.170.09-

15.214.707.582.59-2.953.047.052.676.344.799.962.322.351.784.83-1.551.962.894.962.653.680.42-2.21-0.57---

17.534.227.424.30-2.865.253.991.9611.353.227.271.963.831.144.263.254.731.812.862.491.372.56----0.34---

17.272.1610.252.71-3.475.466.092.4614.881.336.131.812.150.503.464.703.721.484.082.551.012.35--------

17.530.998.340.63-1.784.655.643.1014.590.868.672.333.374.163.144.531.141.446.930.902.731.75---0.79----

14.992.6610.211.91-0.754.309.222.0514.200.589.681.790.773.512.494.131.091.046.251.102.262.790.871.36------

10.612.3511.374.83-2.525.7914.692.616.573.0610.842.471.541.072.811.410.581.074.081.001.423.960.902.49------

9.341.9711.9211.850.973.925.0215.075.584.330.615.682.560.570.553.483.020.57-3.550.911.714.04-1.481.31-----

10.848.186.8610.072.664.951.8014.716.093.502.378.241.970.590.643.042.270.64-2.721.570.752.301.481.070.70-----

10.3910.527.766.052.394.585.4014.194.965.204.847.861.630.730.663.491.581.94-3.920.930.99---------

18.7510.4311.519.694.085.074.998.455.524.041.893.222.100.801.931.711.710.61-3.030.49----------

19.4617.8711.758.614.665.684.024.303.992.623.322.892.371.831.891.461.310.930.520.51-----------

20.0317.5912.358.415.105.094.123.793.772.842.842.772.711.771.691.561.471.130.560.42-----------數(shù)據(jù)來源：，WIND圖4：中證紅利指數(shù)的行業(yè)權(quán)重集中度CR3 CR5 CR78070605040302009201020112012201320142015201620172018201920202021202220232024數(shù)據(jù)來源：，WIND表2：萬得全A指數(shù)行業(yè)權(quán)重分布2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024電子醫(yī)藥生物電力設(shè)備銀行食品飲料非銀金融機械設(shè)備計算機有色金屬基礎(chǔ)化工汽車公用事業(yè)交通運輸家用電器國防軍工通信建筑裝飾傳媒石油石化農(nóng)林牧漁煤炭房地產(chǎn)商貿(mào)零售鋼鐵輕工制造建筑材料環(huán)保紡織服飾社會服務(wù)美容護理綜合

2.094.912.3512.474.797.443.471.424.704.863.453.514.381.701.372.852.180.892.331.933.878.264.193.311.001.730.531.130.650.161.88

3.446.343.289.794.216.865.292.205.805.133.472.994.021.641.702.632.291.071.832.183.595.933.992.440.852.120.601.370.810.152.00

2.755.793.0311.934.957.045.192.404.904.983.443.113.971.711.682.822.411.401.842.173.186.123.312.160.902.010.681.380.840.201.66

2.605.952.5812.844.659.214.702.375.354.643.442.983.392.001.671.343.051.381.751.932.787.022.761.760.882.070.841.260.660.251.50

3.847.593.2610.243.878.385.014.563.664.683.532.833.232.582.051.772.682.761.622.041.575.792.821.201.091.751.181.270.800.291.62

3.336.153.1311.563.1412.045.174.033.604.453.273.273.472.072.361.663.322.281.381.681.265.962.641.470.961.631.071.160.780.171.53

4.796.833.758.252.887.805.775.873.265.303.352.973.392.012.562.132.943.621.051.920.816.262.691.141.421.471.321.641.020.151.65

4.926.673.618.673.427.845.634.863.495.553.502.852.912.692.332.093.373.331.152.380.915.682.551.241.431.631.241.560.900.131.45

5.557.133.489.314.848.834.564.623.685.163.572.693.093.161.982.123.033.031.111.961.035.222.101.431.311.631.241.130.780.121.12

4.697.483.1910.815.119.344.335.093.104.813.432.993.123.041.922.143.272.701.502.071.034.831.851.481.191.580.971.030.960.160.80

6.868.393.3310.326.5210.114.155.632.794.522.882.443.023.221.821.962.422.621.122.180.814.441.321.091.091.710.790.800.950.170.54

8.1510.135.497.709.248.594.805.503.035.033.251.982.453.132.361.541.652.080.652.130.662.661.020.911.021.640.650.601.280.260.43

8.989.2710.515.847.546.204.555.123.924.803.722.472.632.343.061.561.752.011.161.750.902.051.411.151.091.450.820.660.670.410.22

7.819.309.936.347.575.964.594.934.074.943.712.633.072.162.841.842.001.801.271.941.202.041.630.971.101.260.860.710.770.520.25

9.779.588.055.836.665.935.205.973.824.534.042.892.712.282.902.592.022.191.401.781.301.561.160.921.080.990.870.720.690.390.18

8.638.447.847.036.615.855.145.034.604.514.293.513.032.762.752.742.152.021.711.691.651.291.071.021.000.930.830.730.630.380.15數(shù)據(jù)來源：，WIND表3：中證紅利指數(shù)相對萬得全A的行業(yè)權(quán)重分布差2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024交通運輸鋼鐵紡織服飾傳媒建筑材料房地產(chǎn)石油石化基礎(chǔ)化工商貿(mào)零售綜合環(huán)保美容護理建筑裝飾社會服務(wù)公用事業(yè)輕工制造家用電器汽車農(nóng)林牧漁通信國防軍工機械設(shè)備非銀金融有色金屬計算機醫(yī)藥生物食品飲料電力設(shè)備電子標(biāo)準(zhǔn)差

8.2-12.57.718.1-0.0-0.9-0.9-4.8-2.01.3-1.2-1.90.6-0.2-1.6-0.23.8-0.3-1.76.6-0.1-2.8-1.4-1.5-7.44.4-0.7-2.2-2.8-2.4-0.95.13

9.612.23.85.8-0.7-1.1-0.8-3.41.92.0-1.2-2.00.4-0.2-0.8-0.51.5-0.5-1.6-0.4-1.2-2.4-1.7-2.7-6.9-2.3-1.6-1.51.2-3.0-2.13.64

12.98.55.13.4-0.8-1.4-1.0-4.71.4-0.6-2.7-1.70.2-0.2-1.6-0.64.00.1-1.5-1.2-1.4-2.7-1.7-3.53.0-3.2-1.7-2.30.0-3.0-1.33.60

8.216.22.31.8-0.9-1.4-1.3-4.12.4-2.7-2.5-1.3-0.3-0.3-0.8-0.52.4-0.4-1.80.3-1.4-1.3-1.7-3.66.0-3.9-2.0-3.0-1.0-1.4-1.83.94

3.15.04.31.41.8-2.80.91.30.7-1.7-1.3-1.20.8-0.3-0.3-0.83.53.9-2.66.4-2.0-1.8-2.0-0.2-6.6-1.4-4.0-2.8-1.0-0.6-0.22.75

3.06.03.92.84.1-2.30.3-2.00.6-1.62.1-1.50.7-0.20.5-0.88.11.51.24.0-1.7-1.7-2.4-0.9-10.9-3.6-3.7-2.9-0.3-1.8-0.83.41

1.39.06.91.63.8-3.61.0-0.20.8-1.81.0-1.70.2-0.2-0.8-1.011.91.12.72.8-1.9-2.1-2.6-2.3-7.3-3.3-5.9-5.51.2-2.7-2.43.99

0.18.95.4-0.63.1-3.31.5-0.01.2-3.8-1.4-1.50.20.7-0.0-0.911.7-0.51.85.2-2.4-2.1-2.3-2.5-3.7-3.5-4.9-5.83.5-0.9-3.23.80

1.65.77.10.53.2-3.00.44.00.7-4.4-1.0-0.3-0.2-0.1-2.3-0.811.5-0.21.06.1-0.6-2.1-2.0-2.1-5.3-3.7-4.6-6.51.4-1.2-2.83.81

1.3-0.28.33.34.8-2.71.09.91.0-2.3-1.30.10.1-0.2-1.7-1.03.6-0.2-1.67.40.4-2.1-1.9-1.5-8.3-3.1-5.1-4.4-1.0-1.8-0.73.73

1.2-1.08.910.84.2-1.63.910.61.4-0.6-0.8-0.5-0.8-0.2-1.8-0.91.9-0.2-0.22.8-0.7-2.0-1.8-0.7-9.6-1.5-5.6-7.8-3.0-1.6-2.84.32

7.53.14.49.21.20.64.412.11.3-0.1-0.41.0-0.6-0.3-1.1-1.31.50.5-0.95.0-1.1-1.5-2.4-1.8-7.9-2.3-5.5-7.8-6.5-4.7-5.84.55

9.64.55.14.94.70.43.512.10.5-0.20.5-0.2-0.8-0.4-1.0-0.72.7-0.2-0.84.1-1.8-1.6-3.1-1.1-5.5-3.9-5.1-4.4-3.6-9.5-9.04.63

9.212.48.48.74.32.34.36.40.80.1-1.0-0.3-0.9-0.5-1.2-0.81.4-0.6-0.5-0.5-1.9-1.8-2.8-2.9-4.0-4.1-4.9-7.4-4.5-9.9-7.85.06

16.613.69.07.73.32.53.02.71.01.1-0.2-0.2-0.3-0.4-0.2-0.7-0.3-1.1-1.0-1.1-1.8-2.6-2.9-3.7-4.0-3.8-6.0-6.3-6.2-8.0-9.85.62

15.913.09.37.43.43.12.82.51.00.60.1-0.2-0.3-0.4-0.4-0.6-0.7-1.0-1.3-1.5-1.7-2.7-2.8-3.6-4.2-4.6-5.0-5.6-6.2-7.8-8.65.41數(shù)據(jù)來源：，WIND紅利指數(shù)市盈率的高低并不能決定紅利行情，經(jīng)濟增長中樞影響紅利行情的持續(xù)性。394.6%201790%=PE（3）GDP5%20225%/P12P5.06%20246.17%圖5：滾動3年的中證紅利指數(shù)市盈率和股息率變動萬得全A 中證紅利/萬得全A右逆

7,0007,0000市盈率分位股息率分位數(shù)滾動3年右逆序100%80%60%40%20%0%數(shù)滾動31.31.21.110.90.8數(shù)據(jù)來源：，WIND

0%20%40%60%80%100%圖6：滾動5年的中證紅利指數(shù)市盈率和股息率變動0%

市盈率分位數(shù)滾動5年 股息率分位數(shù)滾動5年右逆序

0%20%40%60%80%100%數(shù)據(jù)來源：，WIND圖7：當(dāng)前經(jīng)濟增長中樞低于中證紅利指數(shù)的股息率中證紅利股息率（近12個月） 中國:GDP:不變價:當(dāng)季同比1086420萬得全A 中證紅7,0006,0005,0004,0003,0002,0001,0000數(shù)據(jù)來源：，WIND宏觀流動性21.85%，185上升.4P23.1，-3.03%9.22BP圖8：國債收益和DR007變化 圖9：中美利差滬深300

中債國債到期收益率:2年-美國:國債收益率:2年滬深300指數(shù)點數(shù)據(jù)來源：，WIND 數(shù)據(jù)來源：，WIND圖10：換手率分位數(shù)變動萬得全A換手率分位數(shù)均值 中國:中債國債到期收益率:10年5/0115/011數(shù)據(jù)來源：，WIND微觀流動性本周可觀察AETF表4：A股資金周度變動情況分類上周本周流入端陸股通偏股型基金-新發(fā)偏股基金-股票型ETF融資融券合并-114.7-66.961.316.410.825.258.8-13.1-43.0-86.1-96.3-136.7股權(quán)融資0.00.0-IPO0.00.0流出端-定增0.00.0解禁減持合并500.1-8.0-8.0363.1-6.8-6.8數(shù)據(jù)來源：，WIND（基金單位為億份，其余為億元；減持為負(fù)表示增持）表5：行業(yè)資金變動情況數(shù)據(jù)來源：，WIND（注：ETF單位為億份，其余為億元，特殊標(biāo)注為無對應(yīng)行業(yè)分類的ETF）流入端66.114.8億149882上周121.54億（11.63億（7.84億（7.26億（2203（8.31億（-10.40億。（32.4億（20.3億（9.9億（-24.3（-23.7（-20.9。圖陸股通周凈買入 圖12：陸股通周均成交額0

滬股通凈買入億元 深股通凈買入億陸股通凈買入億元

0

滬股通周成交金額億元 深股通周成交金額億元2020-05-22 2021-05-22 2022-05-22 2023-05-22 2020-05-22 2021-05-22 2022-05-22 2023-05-22數(shù)據(jù)來源：，WIND 數(shù)據(jù)來源：，WIND表6：近四周陸股通行業(yè)流動情況申萬一級 20240329 20240403 20240412 20240419 近四周合計 趨勢圖銀行30.6-1.8 -4.27.832.4有色金屬6.95.9-17.133.8-3.24.720.3建筑裝飾5.4-6.19.99.8基礎(chǔ)化工-1.012.5-2.8 1.1機械設(shè)備0.3 5.0-5.76.2 5.8輕工制造1.1 1.5 0.0 2.75.3紡織服飾0.2 -1.0 1.7 1.2 2.1公用事業(yè)7.0 7.6-5.2-7.2 2.1鋼鐵-2.5 6.9 -1.2 -1.5 1.7-0.9 0.2 0.8 1.5 1.5環(huán)保國防軍工3.5 3.6-6.1-0.4 0.5美容護理-1.9 -0.8 -0.7 2.9 -0.5-0.1 -0.2 -0.4 0.1 -0.6綜合農(nóng)林牧漁1.4 -1.8 2.2 -4.2 -2.7 0.4 -1.8 0.7-0.9 -1.9 -2.9 1.2-2.5-3.4-4.5-5.2-5.4社會服務(wù)房地產(chǎn)非銀金融-1.0 -0.4 -11.17.3汽車8.5-4.0-2.0-7.9石油石化0.6 0.1-2.1 2.52.5 0.5-3.4 -4.5-4.6 -5.0-7.3交通運輸-9.2-9.4-9.8-10.3家用電器-8.7-3.8煤炭-0.8-3.4 -4.0-1.72.5食品飲料16.6-3.3-26.0電子7.8-15.615.9-22.0-14.0-14.9-15.7-15.9電力設(shè)備-4.05.32.0-18.3建筑材料-2.50.8-0.3-7.2 -6.8醫(yī)藥生物-11.7-15.611.6通信3.4-7.7-10.9-4.6-4.8-19.9-20.9計算機-1.1 0.0-1.4 1.0-15.0商貿(mào)零售-12.8-10.4-23.7-24.3傳媒-9.0-5.9 -5.8-3.7數(shù)據(jù)來源：，WIND437.5425.165.8%（10.44.84月偏17.28（325.01月為18.33本周公募基金總份額為26.66萬億份，環(huán)比上周增加553.21億份，其中偏股型基金5.89萬億增加16.35億份、偏債型基金9.00萬億份增加527.66億份。圖13：新發(fā)基金周度份變化 圖14：偏股基金發(fā)行情緒0

偏股基金億份 偏債基金億份 其他

平均認(rèn)購時間天 募資額/募集目標(biāo)右50 40 100%30 80%20 40%10 20%0 0% 數(shù)據(jù)來源：，WIND 數(shù)據(jù)來源：，WIND圖15：近四周基金份額動情況 圖16：偏股基金份額變情況10000

基金份額變動2024/03/29 2024/04/03 2024/04/12 2024/04/19

60,00056,00054,00052,000

偏股型基金份額 收盤價

3,8003,6003,4003,2003,0002,8002021/09/10 2022/09/10 2023/09/10數(shù)據(jù)來源：，iFIND 數(shù)據(jù)來源：，iFINDE本周EF0.8EF14600；ETFA5（10517.2.40.7CIA5（7.37億，3.025（6.85億，0.41（6.2075。TF1.60.5（9.57.7（.820.7（6.7億，0.6534億，.36。圖17：ETF份額情況 圖近四周凈申購ETF份額（億份）股票型 債券型 商品型 貨幣型 跨境型25,00020,00015,00010,0005,00002020/1/1 2021/1/1 2022/1/1 2023/1/1

500

ETF份凈申購（億份）2024/3/29 2024/4/3 2024/4/12數(shù)據(jù)來源：，WIND 數(shù)據(jù)來源：，WIND表7：寬基指數(shù)ETF份額變動情況寬基指數(shù)2024/3/29份額（億份）2024/4/3 2024/4/122024/4/192024/3/29變動2024/4/3 2024/4/122024/4/19上證50504.24509.20503.41504.97-0.75%0.98%-1.14%0.31%中證500353.80349.63343.24343.02-0.31%-1.18%-1.83%-0.06%中證1000298.02292.66285.15287.18-3.16%-1.80%-2.57%0.71%創(chuàng)業(yè)板指854.90849.99860.39853.97-2.42%-0.57%1.22%-0.75%滬深3002136.662138.602120.962121.800.61%0.09%-0.82%0.04%科創(chuàng)501663.591667.911679.431672.570.04%0.26%0.69%-0.41%科創(chuàng)創(chuàng)業(yè)50513.06511.42511.86511.19-0.09%-0.32%0.09%-0.13%MSCI中國A50247.03245.14243.89236.53-0.41%-0.77%-0.51%-3.02%中證A50137.96130.62139.82150.335.32%-5.32%7.04%7.52%數(shù)據(jù)來源：，WIND表8：主要行業(yè)/主題ETF份額變動情況行業(yè)/主題ETF份額（億份）2024/3/29 2024/4/3 2024/4/12 2024/4/19ETF變動2024/3/29 2024/4/3 2024/4/12 2024/4/19有色金屬122.53126.51128.45 128.21-0.72%3.25%1.53%-0.19%電力設(shè)備203.76140.15199.95199.06197.44137.57-0.44%-1.87%-0.45%-0.43%-0.81%新能車138.20135.38137.61-1.29% -1.39%-0.03%新能電池134.99136.76136.17-0.05% 0.29%1.02%-0.43%新能源144.26149.29143.02142.43142.19146.36-1.04% -0.86%-0.42%-0.48%-0.16%碳中和148.19147.48-0.33%-0.74%-0.76%消費157.81157.59156.281834.40145.11153.48-2.22%-0.14%-0.83%-1.79%醫(yī)藥生物1807.91140.131819.00142.491846.26147.150.39% 0.61% 0.85% 0.65%農(nóng)林牧漁3.67%1.68% 1.84%1.41%食品飲料269.82270.95269.97268.89-0.98%0.42%-0.36% -0.40%TMT303.96165.02143.41982.59309.52310.28171.92307.08168.930.35%1.83%0.24%-0.19%-1.03%計算機172.252.41%4.38%-1.74%傳媒143.29149.09150.124.10%-0.08%4.05%0.69%電子988.43995.08988.610.62% 0.59% 0.67%-0.65%國防軍工258.90258.61260.72257.18-0.72%-0.11%-0.31%0.82%-1.36%國企351.05349.97351.09356.04358.04891.100.02%0.32%1.41%紅利339.36340.75348.471.27%0.41%2.26%2.75%非銀金融873.36870.92884.271.85%1.72%-0.28%1.53%0.77%銀行124.86123.69118.81115.36-0.94%-3.95%-2.91%數(shù)據(jù)來源：，WIND（本表僅列舉份額較高的行業(yè)或主題ETF，其中部分主題ETF跟蹤指數(shù)涵蓋不同的申萬一級行業(yè)，而根據(jù)實際進行劃分）融資融券：86.35.06億7.68億，10715.29億7385上周6665156上周15.6億（10.3（7.5億（6.1億（19.8億（6.7億（-14.8億。（96.0億（9.3（8.6億717億（7.8億（-43.2億。圖19：兩融資金流入情況 圖20：兩融資金成交情況0

融資凈流入 融券凈流入兩融凈流入

19001400900400-100

周均融資買入額 周均融券賣出額數(shù)據(jù)來源：，WIND 數(shù)據(jù)來源：，WIND表9：近四周行業(yè)融資凈流動情況申萬一級 20240329202404032024041220240419近四周合計 趨勢圖有色金屬0.531.556.57.596.0食品飲料2.2 -1.0 -4.4 9.3-5.8 3.8 0.3 8.61.7 -5.4 1.3 7.61.5 0.4 1.3 3.9 7.13.9 1.9 2.7 -2.5 6.01.6 0.7 2.4 -0.4 4.4-3.3 0.3 -0.1 6.1 3.1-0.4 -0.3 -0.5 0.8 -0.3-0.6 -0.6 0.9 -0.2 -0.52.1 -0.9 1.6 -3.7 -0.9-0.7 0.3 -0.8 -0.1 -1.45.8 -1.2 -3.7 -3.4 -2.5-0.7 -1.1 0.1 -0.8 -2.5-1.5 -0.4 0.2 -2.1 -3.8-4.9 -2.8 -0.8 4.3 -4.1公用事業(yè)國防軍工交通運輸社會服務(wù)商貿(mào)零售石油石化環(huán)保綜合農(nóng)林牧漁美容護理基礎(chǔ)化工紡織服飾輕工制造建筑裝飾建筑材料-1.6 -3.3 -0.5 -0.40.4 -2.9 -1.1 -4.9-7.7 -0.3 -2.2 1.7-0.1 -0.2 -5.3 -5.5-5.8-8.4-8.5-11.0鋼鐵家用電器房地產(chǎn)汽車-16.40.7 -1.2 0.7電力設(shè)備3.9 2.5 -4.7 -4.8 -8.2 -9.5 -1.6-1.6 -6.7 -7.61.5 -6.2 3.0 -6.8 煤炭-24.1機械設(shè)備-28.7傳媒醫(yī)藥生物銀行-15.1-7.4 -5.4 -7.2非銀金融-3.9 -15.6-8.9電子-12.6-9.810.7-26.4-43.2通信-17.0-47.8計算機-22.1-21.6-71.7數(shù)據(jù)來源：，WIND流出端股權(quán)融資（：OO圖21：股權(quán)融資變化情況數(shù)據(jù)來源：，WIND表10：近4周IPO和定增的行業(yè)變化情況2024/3/292024/4/3IPO2024/4/122024/4/19合計2024/3/292024/4/3定增2024/4/122024/4/19合計石油石化----------鋼鐵----------煤炭----------基礎(chǔ)化工-----8.75---8.75有色金屬----------機械設(shè)備1.78---1.786.00---6.00電力設(shè)備8.00---8.00-----國防軍工----------汽車-3.94--3.94-11.83--11.83家用電器----------紡織服飾----------輕工制造----------食品飲料----------農(nóng)林牧漁----------醫(yī)藥生物------3.86--3.86商貿(mào)零售----------社會服務(wù)----------美容護理----------計算機----------傳媒----------通信----------電子5.96---5.96-8.50--8.50環(huán)保----------公用事業(yè)----------交通運輸----------建筑材料----------建筑裝飾-----8.76---8.76房地產(chǎn)----------銀行----------非銀金融----------綜合----------數(shù)據(jù)來源：，WIND（注：部分上市企業(yè)未劃定申萬行業(yè)分類，故與整體統(tǒng)計有偏差）115.360.80%子67.25億占比0.16