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[Introduction] The Shanghai Composite Index fell back by 0.14% after rising, and the trading volume of the two markets was less than 500 billion yuan!

China Fund News Taylor

Brothers and sisters, today's market is still sluggish, and the trading volume of the two markets has fallen below the 500 billion yuan mark.

Let’s review what happened today.

On the 12th, the three major A-share indexes fluctuated and fell. The trading volume of the Shanghai and Shenzhen stock markets today was 495.88 billion yuan, a decrease of 67.2 billion yuan from the previous trading day. The trading volume fell below 500 billion yuan, hitting a new low since May 25, 2020.

As of the close, the Shanghai Composite Index fell 0.14%, the Shenzhen Component Index fell 0.24%, and the ChiNext Index fell 0.2%. A total of 1,512 stocks rose and 3,648 stocks fell.

According to analysts, low volume and low price refers to the fact that the stock trading volume is very low and the stock price is relatively low. This phenomenon is usually regarded as a signal that the stock price is about to bottom out. In this case, the market sentiment is relatively low and the willingness to trade is not strong, but the pessimistic sentiment has been fully released, which often indicates that the market stage bottom is about to form.

Energy conservation and environmental protection sectors surged. Just last weekend, the state issued the "Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development". This is a document with great influence and far-reaching significance, which systematically deploys the path and specific goals of my country's future green transformation.

Pharmaceutical stocks rose against the trend, with the new crown drug leading the gains. Recently, the Guangdong Provincial Disease Control and Prevention Bureau released an overview of the province's statutory infectious diseases in June and July 2024, showing that the number of new crown virus infections in Guangdong Province was 8,246 in June and 18,384 in July, an increase of more than 10,000 cases. However, many experts said that this new crown infection is a normal peak, and the public does not need to be too nervous or worried. At present, the new crown is weak in virulence, and the cases are sporadic, with no obvious family clustering, which also shows that the virus is weak in infectiousness. The World Health Organization also warned that data from more than 80 countries showed that the number of people infected with the main new crown pathogen, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has continued to increase recently.

The ST sector continued to decline, with many stocks hitting the daily limit.

Treasury bond futures fell further in late trading. As of the close, the main 30-year contract fell 1.11%, the main 10-year contract fell 0.59%, the main 5-year contract fell 0.34%, and the main 2-year contract fell 0.14%. An article published on the official account of Industrial Bank Research, a member institution of Industrial Bank, said that there were market rumors that the Jiangsu Provincial Federation of Trade Unions notified Jiangsu Rural Commercial Bank to ban treasury bond trading, and some securities firms' proprietary trading and asset management were also guided.