Margin balance has seen three consecutive growths as leveraged funds return to the technology sector.

In the first three trading days after the Spring Festival holiday, the margin trading balance in the three major exchanges in Shanghai and Shenzhen achieved a "triple increase", with a total increase of 78.915 billion yuan. As of February 26, the margin trading balance in the three major exchanges was 2.6704 trillion yuan, an increase of 20.414 billion yuan from the previous trading day, accounting for 2.54% of the A-share market value. From the perspective of fund flows, leveraged funds that were previously driven by risk aversion before the Spring Festival holiday are gradually moving away from defensive sectors and returning to the technology sector. Choice data shows that from February 24 to 26, 29 out of 31 primary industries in the Shenwan classification received net buying in margin trading. Among them, the electronics industry had the highest net buying amount, with a total net buying of 15.504 billion yuan in three days. In addition, industries such as non-ferrous metals, power equipment, and computers had net buying amounts exceeding 5 billion yuan. Industries like comprehensive and coal saw a reduction in margin trading funds.