Sino-Singapore Jingwei Client, July 27th, on the morning of the 27th, the Shanghai Composite Index opened flat; the Shenzhen Component Index opened 0.06% higher to 14640.26 points; the ChiNext index opened 0.39% higher to 3,384.46 points.

  Shanghai and Shenzhen market opening performance source: Wind

  On the disk, the beverage manufacturing sector was among the top decliners. Liquor stocks continued to decline. Shuijingfang fell to the limit. Gujinggongjiu, Jinshiyuan, and Laobaigan were all green; agriculture, media, military industry, clothing and home textiles, trade, and automobiles fell.

Non-ferrous metals, mining services, semiconductors, port shipping, coal and other sectors were among the top gainers; concept stocks such as cobalt, gold and Hongmeng were active.

  The ratio of all trading stocks in Shanghai and Shenzhen stocks was 1708:1771, and the two stocks had a daily limit of 9 and a limit of 9 stocks.

  As of July 26, the margin of margin trading in Shanghai and Shenzhen stocks was 1.82 trillion yuan.

The balance of financing on the day was 1.67 trillion yuan, an increase of 2.91 billion yuan from the previous trading day; the balance of securities lending on the day was 154.946 billion yuan, a decrease of 3.518 billion yuan from the previous trading day.

  On the last trading day (July 26), A-shares fell across the board to reappear "Black Monday". As of the close, the Shanghai Stock Exchange Index fell 2.34%, and the ChiNext Index fell 2.84%; turnover exceeded 1.4 trillion yuan throughout the day, and a net outflow of northbound funds was 128. 100 million yuan, a single-day net sales hit a new high in nearly a year.

  According to the analysis of the open source strategy team, the market has undergone panic adjustments, and the major high-quality tracks have seen obvious retracements. A large number of core assets have still led the market despite seemingly sufficient adjustments in the early stage.

From a fundamental point of view, a more reasonable explanation is that due to the deepening of anti-monopoly, policy factors have caused challenges to the "moat" framework; on the other hand, the strict promotion of education policies and real estate policies has led to future consumer expenditures. And worries about changes in the wealth distribution pattern.

  The Great Wall Fund stated that the sharp market correction was mainly driven by emotional factors. From a macro point of view, the fundamentals have not changed significantly. Liquidity is still beneficial to the market and the downside risk is low.

ICBC Credit Suisse Fund believes that the current valuation level of major indexes is at a relatively high historical level, and short-term market fluctuations are mainly affected by sentiments induced by regulatory policies in some industries. It is expected that short-term indexes will remain volatile, with structural opportunities dominated.

(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.)