Sino-Singapore Jingwei client June 29th, the first trading day after the Dragon Boat Festival (29th), the two cities opened lower, and then the collective shock weakened and rebounded late; the market polarization increased in the afternoon, and 2500 stocks in the market fell. The games and brokerage sectors continued to decline.

　　Source: Wind

　　As of the close, the Shanghai index reported 2961.52 points, a decrease of 0.61%, and the turnover was 293.886 billion yuan; the Shenzhen Component Index reported 11752.36 points, a decrease of 0.52%, and the turnover was 422.38 billion yuan; the GEM index reported 2372.54 points, a decrease of 0.42%.

　　Most of the industry sectors are green, with medical care, food and beverage, agriculture, forestry, animal husbandry, fishery, and wine making the top gains; securities, Internet, insurance, and diversified finance are among the top decliners.

　　Securities fell 3.27%, among the stocks, Zhongtai Securities fell more than 9%, Hongta Securities and Huaxin shares fell more than 5%, Guoyuan Securities, Haitong Securities and others fell.

　　The concept segment also fell more and less, including GDR, online games, RCS concepts, and smart TV. The declines were the highest; artificial meat, seed industry, anti-influenza, and pest control were the highest.

　　The concept including GDR weakened and fell by more than 3%; the online game concept fell by 2.63%, *ST Tianyu bucked the daily limit, and Shunwang Technology and Shenzhou Taiyue fell.

　　Overall, a total of 1254 stocks in the two cities rose, of which 137 stocks such as Siyuan Electric, Youyou Foods and Bomin Electronics rose more than 5%. 2500 stocks fell, including Jiaying Pharmaceutical, Aoxiang Pharmaceutical, Tianmao Retreat and other 94 stocks fell more than 5%.

　　In terms of turnover rate, a total of 22 stocks have a turnover rate of over 20%, among which Yingjie Electric has the highest turnover rate of 37.15%.

　　According to the research report of CICC, the volatility of the peripheral market around the Dragon Boat Festival and the more extreme structural interpretation of the market may make the short-term market volatility increase, the overall market valuation is not high, and the mid-term market prospects should not be excessively pessimistic.

　　Galaxy Securities analyzed that the lifting of the ban in July is about to reach its peak, and the disclosure of financial reports brings lower-than-expected performance risks. At the same time, concerns about the rebound of overseas epidemics have increased. The short-term market uncertainty is large, the market may have a callback, it is recommended to appropriately control positions.

　　As far as the future market is concerned, Northeast Securities expects that the A-share market will remain in a state of turbulence and structural quotations. If the market retraces significantly after the holiday, it can absorb dips, such as when the index retraces to around 2930 or below. If the index does not fall but rises, it is not advisable to rush forward. Generally, the sustainability will not be strong under the pattern of insufficient energy capacity and structural differentiation, and individual stocks falling more and less. If the index's lower opening is controlled at or near 1%, the existing positions and structural market rotation will still be the mainstay, and the style will tend to be gradually balanced. (Sino-Singapore Jingwei app)

(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)