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On August 12, the daily turnover of A-shares fell below 500 billion yuan, setting a record low of 498.657 billion yuan. The stock market fell below a daily turnover of 500 billion yuan, which also set a record low for a single day since May 25, 2020.

Generally speaking, there will be land prices after low volume, but after extremely low volume, it often indicates that the market is not far from the turning point. Compared with the decline of both volume and price, the rise of both volume and price will be a better market operation state. The trading volume is the soul of the market, and the change of the relationship between volume and price has a good guiding influence on the future market trend.

According to statistics, since 2020, the A-share market has only had a single-day turnover of less than 500 billion yuan three times. The first time was on April 13, 2020, the second time was on May 25, 2020, and the third time was on August 12, 2024.

It should be noted that around May 2020, the total number of listed companies in the A-share market was only 4,074. By 2024, the number of A-share listed companies will be as high as 5,335, which means that in four years, the number of A-share listed companies has increased by about 1,300, and the number of listed companies has increased by more than 30%.