Today's A-share market is very complicated, because the intraday is too volatile, and it is not an exaggeration to describe it as ups and downs, why? The morning opened directly with a gap low, and then quickly pulled up from the bottom, and then suddenly fell sharply, so to speak, today, the market is very volatile.
Let's take GEM as an example.
The GEM fell by more than 1.7% at the opening, and immediately pulled it up again, with an intraday rise of nearly 1%.
It can be said that the intraday ups and downs of the GEM are very obvious.
What's even more amazing is that today, the turnover of the Shanghai and Shenzhen stock markets has once again reached more than 1.6 trillion yuan, and today, it is a large-scale market, especially the market that pulled up from the bottom in the morning, which contributed a lot of turnover to the market, that is, more funds entered the market in the morning.
The result?
As a result, at the end of the day, the funds that entered the market in the morning were basically set at a high level, which is the most helpless place, before, when the Shanghai Composite Index was at 3600 points, the A-share market had an epic volume of 3 trillion yuan, and the result was that the high level began to collapse.
This time, too.
There is also a bad situation, what is this bad situation?
It can be seen that the main funds began to flow out on a large scale, and the data shows that today, the total net outflow of the main funds has reached nearly 70 billion, and the main funds have been net outflows for 7 consecutive trading days.
In total, in the past 7 trading days, the total net outflow of the main funds has reached nearly 700 billion, especially when the stock market has not fallen and is still rising, the main funds have begun to flow out on a large scale, what does this mean?
It shows that some funds have already left the market in the process of the stock market rising.
So, this is a very bad situation for the A-share market, how can the market afford to lose so many chips above? Unless the market has another large-scale volume, but where will the incremental funds enter the market?
Especially when the market atmosphere was so strong before, to be honest, many funds are very optimistic about the A-share market, so they will pour into the A-share market, and the result? It didn't take long for the A-share market to usher in a sharp decline, so how can other funds believe in A-shares?
Therefore, after this wave of decline, the confidence of the market has basically disappeared, which is the biggest risk.
At least, in the author's opinion, there is no stock market like the A-share market, which is so tormenting, and it has been so many years, and it is still not up or down at this point, which is really a bit unreasonable, right? The market that finally came out has become a Shura field again.
As of the close, it can be seen that the Shanghai Composite Index fell 2.53% throughout the day to close at 3,201 points, the Shenzhen Component Index fell 2.53% throughout the day to close at 10,066 points, and the ChiNext fell 3.22% to close at 2,085 points.
At the same time, the Hang Seng Index also fell, which fell by more than 4%, not only that, but the intraday decline of FTSE China A50 futures also fell by more than 3%.
At present, the market is still dominated by bears, and in the short term, there is still pressure to adjust, so be cautious.