Sino-Singapore Jingwei Client, July 24. On the last trading day of this week (24th), A shares continued to weaken, the ChiNext Index plummeted by more than 4%, the outflow of funds from the North China exceeded 10 billion, and individual stocks in the two cities generally fell. The main lines of securities, tax exemption, semiconductors, etc. collectively fell, while the concept of drones bucked the trend and set off a rising tide.

　　Source: Wind

　　As of 11:30, the Shanghai Composite Index reported 3250.37 points, a decrease of 2.25%, and a turnover of 308.33 billion yuan; the Shenzhen Component Index reported 13190.23 points, a decrease of 3.45%, and a turnover of 405.506 billion yuan; the ChiNext Index reported 2678.89 points, a decrease of 4.31%. The Science and Technology 50 Index fluctuated lower, falling 4.5%.

　　Only shipping and aviation were popular in the industry sector; securities, daily-use chemicals, wine making, semiconductors, and insurance were among the top decliners.

　　The securities sector plunged 4.28%, and none of the stocks rose. XD Everbright Securities fell more than 9%, Oriental Fortune, Caitong Securities fell more than 7%, and China Sea Securities, Northeast Securities, and Pacific Securities fell.

　　The concept sector also fell more and rose less, drones, pork, gold concepts, aquatic products, and seed industries rose; lithography machines, genetic concepts, GDR-containing, anti-cancer, and consumer electronics fell more.

　　The UAV concept surged 2.39% against the market, leading the rise in the concept sector, and individual stocks also set off a daily limit wave. 10 stocks such as Tongyu Heavy Industry, Jintongling, and Changying Credit Quality rose by more than 9%.

　　Overall, a total of 629 stocks in the two cities rose, of which 79 stocks such as Shenzhen Textile A, Pengxin Resources, ST Xiahua, etc. rose by more than 5%. 3191 stocks fell, of which 150 stocks such as Sanwei Engineering, Soochow Securities, and Zhongyuan Concord fell more than 5%. In terms of turnover rate, a total of 15 stocks have turnover rates of more than 20%, of which Coolte Smart has the highest turnover rate, reaching 58.83%.

　　Centaline Securities said that with the recent cyclical industry supplementary gains are basically in place, the stock indexes of the two markets have temporarily lost the momentum to continue to rise. The Shanghai stock index is basically gathering momentum below 3400 points to gather strength for the later rise. It is expected that the Shanghai Stock Index may fluctuate slightly in the short-term, and the ChiNext market may have a slight consolidation. Investors are advised to continue to pay attention to changes in policies, capital and foreign markets.

　　Looking ahead, China Everbright Securities analyzes that the current market has completed the currency-driven valuation restoration stage, and the subsequent market upward momentum will be switched to profit-driven. The market may adjust before the recovery of corporate earnings is generally recognized by the market. But investors do not need to worry too much about this. Whether it is in terms of currency indicators or investment, production and other indicators, the recovery of corporate earnings in the second half of the year is relatively certain. After the recovery of corporate earnings is generally recognized by the market, corporate earnings recovery will become a driving force for the market. The new momentum of rising, so although the market has adjustment risks in the short term, from the perspective of the second half of the year, the market in the second half of the year is not pessimistic. (Zhongxin Jingwei APP)

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