Morning Trend | BINHAI INV (2886.HK) Low Position Support Increases, Defensive Targets Favored

BINHAI INV (2886.HK) maintained a volatile consolidation yesterday, with limited fluctuations throughout the day but clear signs of main force support at lower levels. At the close, trading volume moderately expanded, showing improved liquidity compared to previous periods. The utilities sector has recently attracted some defensive funds due to its superior defensive attributes, low valuations, and high dividend expectations, leading to a mild increase in market activity. There have been no major industry catalysts recently, and overall market risk appetite has cooled, resulting in marginal increases for stable assets such as water and gas. The sector's rise mainly relies on the return of marginal funds, with BINHAI INV favored by stable investors for its low volatility and moderate turnover. The intraday structure steadily grinds, with moderate accumulation in trading volume, highlighting the market's persistent grinding characteristics and a gently upward technical trend. If funds continue to increase, the probability of a breakout will rise; otherwise, adjustment pressure may strengthen as the marginal return of funds ends. Continuous bottom positioning and market defense strategies are favored by mainstream funds, and it is recommended to closely monitor institutional fund flows and early morning news fluctuations, maintaining patience for significant breakouts while waiting for volume support to bring new opportunities