Chinanews Client Beijing, August 7th (Reporter Xie Yiguan) On the 7th, the three major A-share stock indexes fluctuated violently throughout the day under disturbances such as external factors. In the end, the Shanghai Composite Index ended its five consecutive gains and the ChiNext Index lost 2,800 points.
As of the close, the Shanghai Composite Index fell 0.96% to 3,354.04 points; the Shenzhen Component Index fell 1.55% to 13648.50 points; the ChiNext Index fell 2.29% to 2749.95 points. A total of 2834 stocks in the two cities fell, 24 stocks fell by the limit; 874 stocks rose, and 95 stocks rose by the limit.
Shanghai index daily chart.
Foreign capital continues to flow out. Wind data shows that there has been a net outflow of northbound funds for 3 consecutive days, a net outflow of 1.862 billion yuan on the 7th, and a total weekly net outflow of 4.449 billion yuan.
However, market trading sentiment is still active, with the Shanghai and Shenzhen stock markets exceeding 1.2 trillion yuan in turnover throughout the day, breaking through one trillion yuan for 8 consecutive trading days.
The market sector is moving obviously. On the 7th, the national defense and military industry concept stocks set the daily limit again, and 17 related stocks such as Xinguang Optoelectronics, Lingyun shares, and Zhongguang Lightning Protection closed their daily limit. The securities sector, which drove the Shanghai Index to become popular yesterday, has seen a sharp correction today. Technology stocks fell one after another. The semiconductor, software services, components and other industry sectors fell at the top while the aviation, hotel and catering, and shipping sectors closed up against the market.
Market analysis believes that the stock market's correction on the 7th may be related to the strengthening of external disturbances and the tide of reductions in the holdings of listed shareholders.
"Under the unstable external environment, commodity prices rising due to the weak US dollar and the improvement of the supply and demand structure, the weakening of the monetary policy margin and the weak volatility of treasury bond futures, the market has adopted the seesaw rotation strategy more in the face of the pressure of the previous highs. "Shen Zhengyang, senior investment consultant of Northeast Securities, pointed out.
According to Shen Zhengyang, although the long and short wins and losses remain undifferentiated and the turbulence has not changed, considering the recent rapid rotation of market hotspots and the direction of guarding the market, most of them are concentrated in low-valued financial cycle stocks and hot military industry, Colored, you can dilute the index and do both offense and defense.
"Although external factors will continue to frequently disturb A shares, in the context of a positive domestic economy, abundant liquidity, and comprehensive advancement of capital market infrastructure, A shares will continue to fluctuate upward." Chief Market Officer, CITIC Securities Investment Advisory Department Strategist Zhang Qun said that short-term disturbances are expected to bring opportunities for intervention. (Finish)