In "Large Banks," China Merchants Securities lists the top ten stocks increased and decreased by northbound funds in the first quarter (table)

Bank of China Securities published a report stating that, based on changes in stock market value, the stocks with the most significant increase in northbound capital allocation in the first quarter of 2026 exhibit characteristics of "a few leading stocks driving growth, concentrated prosperity."

(1) The bank listed the top ten stocks with increased holdings by northbound capital in the first quarter:

Stock │ Increase (Change in Market Value) Amount (RMB)

CATL (300750.SZ) │ 51.478 billion

TFC (300394.SZ) │ 11.057 billion

Moutai (600519.SH) │ 9.351 billion

NewEase (300502.SZ) │ 7.672 billion

Zhongtian Technology (600522.SH) │ 7.317 billion

Zhongji Xuchuang (300308.SZ) │ 6.391 billion

Siyuan Electric (002028.SZ) │ 5.273 billion

Zhongwei Company (688012.SH) │ 5.133 billion

Century Huatong (002602.SZ) │ 5.030 billion

Yuanjie Technology (688498.SH) │ 4.733 billion

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The bank indicated that, corresponding to the increase in holdings, the stocks with the most significant decrease in northbound capital in the first quarter were mainly concentrated in consumer blue chips, financial heavyweights, some core technology assets, and previously popular sectors with large price increases.

(2) The bank listed the top ten stocks with decreased holdings by northbound capital in the first quarter:

Stock │ Decrease (Change in Market Value) Amount (RMB)

Luxshare Precision (002475.SZ) │ 9.478 billion

Cambricon (688256.SH) │ 7.289 billion

Ping An Insurance (601318.SH) │ 6.456 billion

Industrial Fulian (601138.SH) │ 6.124 billion

OmniVision Technologies (603501.SH) │ 6.092 billion

Zijin Mining (601899.SH) │ 5.115 billion

China Merchants Bank (600036.SH) │ 4.315 billion

Dongpeng Beverage (605499.SH) │ 4.285 billion

Fuyao Glass (600660.SH) │ 4.069 billion

China Aluminum (601600.SH) │ 3.909 billion