Chinanews client, Beijing, October 30th (Reporter Xie Yiguan) On the last trading day of October, A shares failed to continue the 29th rally, the three major stock indexes fluctuated downward, and the green market ended.

　　As of the close of trading on the 30th, the Shanghai Composite Index fell 1.47% to 3,224.53 points, the Shenzhen Component Index fell 2.09% to 13236.60 points, and the ChiNext Index fell 1.63% to 2655.86 points.

Shanghai index daily chart.

　　On the disk, a total of 3430 shares in Shanghai and Shenzhen stocks fell, 26 shares fell by the limit; 559 shares rose, and 16 shares rose by the limit.

The food and beverage, advertising and packaging, daily-use chemicals, warehousing and logistics, and securities sectors were among the top decliners, with only semiconductors alone. In the concept sector, consumer electronics fell more than 4% and led the market.

　　On the 30th, the enthusiasm for market transactions rose. The daily turnover of the two cities reached 870.85 billion yuan, which was significantly higher than the 780.271 billion yuan on the previous trading day.

However, the net outflow of northbound funds throughout the day was 5.673 billion yuan, of which the net outflow of Shanghai Stock Connect was 3.937 billion yuan and the net outflow of Shenzhen Stock Connect was 1.736 billion yuan.

　　Why did A shares fall on the 30th?

"A-shares fluctuated and fell on the 30th, mainly because the performance of many White Horse stocks fell short of expectations, which led to a sharp drop in stock prices, which led to a heavy decline in the market." Analysis by Chen Mengjie, a strategy analyst at Yuekai Securities Research Institute.

　　Although A-shares closed down on the 30th, from the perspective of the weekly market, compared with the endless decline of international stock markets, A-shares can be regarded as successfully out of the independent market.

　　Affected by the second outbreak of the new crown pneumonia epidemic in Europe and the United States, European and American stock markets have fallen sharply recently.

In the first four days of this week, the Dow Index fell 5.92% and the Nasdaq fell 3.14%.

The Shanghai stock index staged a "three consecutive rises" this week, but dragged down by the market on the 30th, the final weekly decline was 1.63%; the Shenzhen Component Index and the ChiNext Index both showed a "four consecutive gains" this week, with a cumulative increase of 0.82% and 2.12% respectively.

　　Looking at the entire October, the three major A-share stock indexes also performed well.

Although there was a multi-day losing streak during the period, the Shanghai Composite Index rose slightly this month by 0.2%, the Shenzhen Component Index rose 2.55%, and the ChiNext Index rose 3.15%, driven by a good start after the National Day and the market this week.

　　Regarding the A-share market outlook, Chen Mengjie said that this week is the last time node for the three quarterly reports of listed companies. Next week will enter a performance vacuum period. Coupled with the landing of the boots of important external events in early November, the market will enter a vacuum period of internal and external disturbances. At that time, the market may refocus on performance trends, and high-growth industries and companies will receive more attention. Prior to this, the market may still focus on turbulence.

　　"Recent recommendations focus on three main lines: one is the investment opportunities brought by the "14th Five-Year" plan; the second is the valuation restoration opportunities of high-quality low-valued sectors; the third is that valuations may appear in some sectors near the end of the year. Switch the market and focus on sectors with high performance growth." Chen Mengjie pointed out.

　　According to Centaline Securities, the current international financial market is obviously being continuously impacted by the second outbreak of overseas epidemics and the US election, and the fluctuation range has increased significantly.

"It is expected that the A-share market will continue to fluctuate slightly before the impact of important events is fulfilled. It is recommended that investors pay proper attention to the investment opportunities of some related products whose performance growth exceeds expectations." (End)