Chinanews.com client, Beijing, July 24th (Reporter Xie Yiguan) Affected by changes in the external environment, A shares opened lower on the 24th and went down unilaterally. The Shanghai stock index broke through the 3,300 and 3,200 barriers, and the ChiNext index fell below 2,700. .

  The Shanghai Composite Index fell more than 4% in intraday trading, and finally closed down 3.86% to 3196.77 points; Shenzhen Component Index closed down 5.31% to 12935.70 points; ChiNext Index closed down 6.14% to 2627.84 points. The Kechuang 50 Index also performed in a sluggish performance, closing down 7.02% to 1389.31 points.

Shanghai index daily chart.

  A total of 3452 stocks in the two cities fell, 97 stocks fell by the limit; only 275 stocks rose, and 53 stocks rose by the limit. Individual stocks in the defense, military, and UAV sectors set their daily limits, and the shipping sector in the industry sector rose against the market. The tourism sector led the market, falling more than 8%, while the semiconductor, securities, hotel and catering, and healthcare sectors were among the top decliners.

  The stock index is sluggish and capital outflows continue. Wind data shows that on July 24, the net outflow of main funds was 59.124 billion yuan. Northbound funds continued to show a net outflow, with a net outflow of 16.357 billion yuan throughout the day. However, market trading sentiment is still active, with the trading volume of the two cities exceeding 1.3 trillion yuan throughout the day, which has exceeded one trillion yuan for the 17th consecutive trading day.

  Market analysis believes that the sharp correction of A shares on the 24th, in addition to external factors, may be related to the "reduction wave" of the Science and Technology Innovation Board and the sharp drop in US stocks overnight.

  On the evening of the 23rd, 9 sci-tech innovation board companies, including China Micro, Guangfeng Technology and Western Superconductor, issued announcements to reduce their holdings. According to media statistics, 9 stocks will reduce their holdings to 202 million shares. Calculated at the closing price on the 23rd, the cash-out capital will reach 9.3 billion yuan. In addition, the U.S. stock market volatile overnight, the Dow fell 1.31%, the Nasdaq fell 2.29%, and the S&P 500 index fell 1.23%.

Data map: Investors in the business department of a securities company pay attention to stock market trends. Photo by China News Agency reporter Luo Yunfei

  The market's rapid correction, what will the market outlook look like?

  "Whether it is the laws of technology or the characteristics of the fundamentals, the market is in a new turbulent platform rather than advancing by leaps and bounds. It is not sad or happy. Considering the logic of economic recovery and the convergence of the excess money supply gap, it tends to lay a low market net on dips. The theme of science and technology innovation of the value style of the rate." said Shen Zhengyang, senior investment consultant of Northeast Securities.

  "Recently, as the cyclical industry is basically in place, the stock indexes of the two cities have temporarily lost the momentum to continue to rise. The Shanghai Stock Index is basically consolidating below 3400 points, and it is gathering strength for the later rise." Zhongyuan Securities analyst Zhang Gang analyzed and suggested Investors continue to pay attention to changes in policy, capital and foreign markets.

  Everbright Securities believes that the current market has completed the currency-driven valuation restoration stage, and the subsequent market upward momentum will be switched to profit-driven. Before the recovery of corporate earnings is generally recognized by the market, the market may undergo adjustments.

  "Whether it is in terms of monetary indicators or investment, production and other indicators, the recovery of corporate profits in the second half of the year is relatively certain. After the recovery of corporate earnings is generally recognized by the market, the recovery of corporate earnings will become a new driving force for the market to rise, although the market exists in the short term. Adjust the risk, but the market in the second half of the year is not pessimistic." Everbright Securities pointed out. (Finish)