China-Singapore Jingwei client July 15th, A shares opened slightly higher, continued to probe in early trading, the intraday three major indexes fell more than 2%, the Shanghai index fell below 3400 points.

　　Shanghai Stock Exchange early trading trend source: Wind

　　As of midday closing, the Shanghai Composite Index reported 3367.21 points, down 1.39%, and the turnover was 422.149 billion yuan; the Shenzhen Component Index reported 13771.96 points, down 1.6%, and the turnover was 583.398 billion yuan; the GEM Index reported 2820.27 points, down 1.34%. The turnover of the two cities exceeded ten trillion yuan for the tenth consecutive trading day.

　　On the plate, attractions tourism, hotel catering, airport shipping and other sectors are active against the market. Lingnan Holdings, Guilin Tourism, Three Special Ropeway, Yunnan Tourism, Huatian Hotel, Jinjiang Hotel and other collective daily limit.

　　Technology stocks are collectively lower, the computer sector is leading the decline in both cities, and the same technology has fallen; the telecommunications services, semiconductors, optical optoelectronics sectors have fallen; military, nonferrous, coal, media, steel, retail and other sectors are green.

　　In terms of individual stocks, 664 stocks rose, of which 133 stocks such as ST Modern, ST Yushun, ST Cloud Net and so on rose more than 5%. 3179 stocks fell, of which 150 stocks such as Honghe Technology, Taihua shares, and Shenliang Holdings fell more than 5%.

　　In terms of turnover rate, a total of 19 stocks have a turnover rate of more than 20%, of which Xintian Green has the highest turnover rate of 56.42%.

　　In terms of capital flow, the top five inflows in the industry sector are securities firms, chemical pharmaceuticals, computer applications, biological products, and chemical products, and the top five outflows are securities firms, computer applications, chemical products, chemical pharmaceuticals, and communications equipment. The top five stocks that flowed into the top five were Fosun Pharma, Mindray Medical, Yuexiu Financial, Inco Healthcare, Neusoft Carrier, and the top five stocks that flowed out were Fosun Pharma, Nanjing Securities, First Ventures, Inco Medical, Ophelia. The top five influential conceptual themes are financing and margin trading, underlying securities conversion, Shenzhen Stock Connect, MSCI concept, and Shanghai Stock Connect, and the top five outbound conceptual themes are financing and margin trading, target securities, and Shenzhen stock Connect, MSCI Concept, Shanghai Stock Connect.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net outflow of northbound funds was 536 million yuan, of which the net outflow of Shanghai Stock Connect was 952 million yuan, the balance of funds on the day was 52.952 billion yuan, and the net inflow of Shenzhen Stock Connect was 416 million yuan. The balance is 51.548 billion yuan; the net inflow of southbound funds is 2.045 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 1.213 billion yuan, the balance of funds on the day is 40.787 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 832 million yuan, and the balance of funds on the day is 41.168 billion yuan.

　　Looking to the market outlook, Northeast Securities pointed out that the market is turning into the first callback phase in this round of rising market. Referring to the previous adjustment experience after the rapid rise, the general market mostly uses time for space, and the range fluctuates repeatedly to achieve the first pullback of the bull market. If there is a sharp decline, it is an opportunity for re-arrangement.

　　CITIC Construction Investment stated that during the gradual restart of the economy, the direction of economic recovery remains unchanged, the level of inflation is gradually reflected, and the direction of continued credit easing remains unchanged. Regulatory disturbances will not cause the style switch to stop abruptly. The market is still gradually achieving style switching in the ups and downs. (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.)