Sino-Singapore Jingwei Client, September 11th. On the 11th, the Shanghai and Shenzhen stock markets continued to weaken after opening low, and the two markets ushered in a rebound in the afternoon. On the disk, consumer electronics, polysilicon, pharmaceutical and other sectors collectively recovered, and low-priced stocks still adjusted. In continuation.

As of the close, the Shanghai Index reported 3260.35 points, an increase of 0.79%, with a turnover of 254.845 billion yuan; the Shenzhen Component Index reported 12942.95 points, an increase of 1.57%, with a turnover of 429.698 billion yuan; the Growth Enterprise Market Index reported 2536.62 points, an increase of 2.16%.

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　　On the disk, power equipment, metal products, electronics manufacturing, glass manufacturing, semiconductors and other sectors led the gains; airports, shipping, banking II, oil mining, coal mining and other sectors led the decline.

　　In terms of concept stocks, HIT batteries, cosmetics, sensors, wireless headsets, and solar energy were among the top gainers, while the BDI index, coal, shipping, housing leasing, and ports were among the top decliners.

　　In terms of individual stocks, 2,957 individual stocks rose, of which 147 stocks such as Aerospace Machinery, E-Site, and Sunflower Pharmaceutical rose more than 5%.

865 stocks fell, of which 67 stocks such as Tonghe Technology, Hongli Zhihui, and Yilianzhong fell more than 5%.

　　In terms of turnover rate, a total of 46 stocks have a turnover rate of more than 20%. Among them, C Long has the highest turnover rate, reaching 65.8%.

　　In terms of capital flow, the top five major sources of capital flow in the industry are power supply equipment, optical optoelectronics, brokerage, real estate development, and electronic manufacturing, and the top five outflows are securities companies, power supply equipment, real estate development, bank II, and optical optoelectronics.

The top five stocks with major inflows are BOE A, TCL Technology, Longji, Luxshare Precision, and Roshow Technology. The top five stocks with outflows are BOE A, TCL Technology, Roshow Technology, Junzheng Group, and Zijin Mining. .

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 729.123 billion yuan, a decrease of 4.568 billion yuan from the previous trading day, and the securities lending balance was reported at 46.304 billion yuan, an increase of 179 million yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 685.333 billion yuan. , A decrease of 6.414 billion yuan from the previous trading day, and the securities lending balance reported 25.606 billion yuan, a decrease of 39 million yuan from the previous trading day.

The balance of margin financing and securities lending in the two cities totaled 1.486.366 billion yuan, a decrease of 10.842 billion yuan from the previous trading day.

　　From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds is 3.269 billion yuan, of which the net outflow of Shanghai Stock Connect is 104 million yuan, the balance of funds on the day is 52.104 billion yuan, and the net inflow of Shenzhen Stock Connect is 3.373 billion yuan. The balance was 48.627 billion yuan; the net inflow of southbound funds was 2.579 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 897 million yuan, the fund balance on the day was 41.103 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 1.682 billion yuan, and the fund balance on the day was 40.318 billion yuan.

　　Yang Delong, chief economist of Qianhai Kaiyuan Fund, believes that the current A-share market has entered a stage of turbulence and adjustment, and the combination of internal and external factors has caused the market to fall.

Recently, some hot money has used the opportunity to increase the limit of individual stocks from 10% to 20% by using the Growth Enterprise Market to significantly increase low-priced stocks to attract retail investors to follow suit.

The suspension of Tianshan Biologics has played a certain role in warning the hype of low-priced stocks.

　　CCTV Finance issued a comment on the 10th, saying that the current vices of "small, low, and poor" A-shares have gradually disappeared with the establishment of regulatory norms and value investment concepts.

In the long run, stock prices fluctuate around the profitability of companies and the value of listed companies; in the short run, as a lubricant for the market, moderate speculation can increase market activity and the efficiency of price discovery.

But excessive speculation will inevitably cause stock prices to be too far away from value.

After a short and crazy rise, the harvest of leeks must be fierce.

After the madness, only the cheers of the lucky ones and the blood and tears of the ignorant were left in the market.

This is by no means the result that the Chinese capital market wants to change the "short and long bears" situation.

　　Huaxin Securities believes that from the current major structure of the index, there have been oversold signals, but it is still hard to say that it can form a strong rebound. After all, after the sharp decline this Wednesday, the impact on market sentiment is very obvious. It is difficult to repair.

But if it continues to fall sharply, especially within the area of ​​3200-3180 points, A shares will form a stronger support.

From the current point of view, the index continues to fall and is in the stage of proliferation. For investors, it is necessary to pay attention to the risk of the short-term adjustment of A-shares. However, market opportunities are emerging, especially the accelerated entry of funds from the north, which means that the market has already Enter the short-term relative bottom area.

(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.)