The stock index rose and fell in intraday trading, and then rebounded from the bottom driven by wine making, real estate and other sectors, once rising by more than 1%, and fell again in the afternoon, losing 2900 points; The Shenzhen Component Index and the gem index rebounded strongly during the session. The Shenzhen Component Index rose by more than 1% at one time, and the gem index rose by more than 2% and fell lower in the afternoon; The turnover of the two cities shrank compared with yesterday, with a full day turnover of nearly 840 billion yuan and a net purchase of about 1.5 billion yuan from the north. As of the close, the Shanghai index fell 1.44% to 288643 points, the Shenzhen composite index fell 1.66% to 1020664 points, and the gem index fell 0.85% to 215051 points; The total turnover of the two cities was 838.8 billion yuan, and the net purchase of northbound funds was 1.543 billion yuan.
On the disk, the sectors of textile and clothing, coal and securities companies fell sharply, while the sectors of military industry, automobile, petroleum, nonferrous metals, chemical industry, semiconductor and insurance all fell; The concepts of Baijiu, tax exemption and hepatitis are active against the trend.
On the whole, in the short term, investor sentiment may disturb the market, but the current market sentiment is overly pessimistic. The market sentiment reflected by the current private placement position is as pessimistic as the stock disaster in 2015 and the bear market in 2018. The Shanghai Composite Index fell below 3000 points again. Fundamental concern is the last factor impacting a shares. Although it is still affected by factors such as repeated outbreaks in China in the short term, the unchanged trend of fundamentals is an important reason why we are not pessimistic about the market in the medium term.
