Funds flow into bank stocks, the "elephant" dances again

On November 12th, the banking sector once again witnessed a "big elephant dance" market, with the two leading stocks, Agricultural Bank of China and ICBC, both reaching historical highs. The total market value of Agricultural Bank of China has once again broken through, making it the largest company by market value in the A-share market. Recently, influenced by a shift in market style, the trend of capital flowing back into the banking sector has accelerated. Institutional personnel believe that bank stocks, with their high dividend "quasi-debt asset" attributes, still have significant appeal for medium to long-term funds. At the same time, under the market style shift, the third quarter saw an opportunity for replenishing positions in underweighted sectors, with the banking sector becoming one of the beneficiaries. (China Securities Journal)