Abstract: We analyzed A-share margin trading positions as of July 3rd, covering stocks with market cap of at least USD 500m. The aggregated net margin trading position stood at USD 406,502m, down 1.2% week-on-week, underperforming the CSI 300 index which declined 0.5%. Of the universe, 1,143 stocks saw margin loan positions increase while 1,839 stocks saw positions decrease. Among individual stocks, the largest weekly increases in net margin position by value were led by Zhongji Innolight (300308 CH, +USD 589m) and Eoptolink Technology (300502 CH, +USD 552m), while the largest decreases were in Ping An Insurance (601318 CH, -USD 261m) and Zijin Mining (601899 CH, -USD 243m). By ADT multiple, Tonghua Golden-Horse Pharmaceutical Industry (000766 CH) and Zhejiang Xinan Chemical Industrial (600596 CH) posted the sharpest weekly increases at +1.4x ADT each, while Cinderson Tech (603344 CH) and Beijing Tianma Intelligent Control Technology (688570 CH) saw the steepest declines at -1.8x ADT each.
BOE, OMNIVISOIN INTEGRATED CIRCUITS, ZHEJIANG XINAN CHEMICAL INDUSTRIAL, TONGHUA GOLDEN-HORSE PHARMACEUTICAL INDUSTRY, GUOTAI HAITONG SECURITIES
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