news

the shanghai composite index fell below 2,800 points again, and the market bottomed out and waited for policy catalysts

2024-09-05

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

after more than half a year, the shanghai composite index fell below 2,800 points again.

on september 4, the shanghai composite index fell sharply and closed at 2,784 points, hitting a new low since february 8; the shenzhen component index and the chinext index fell by 0.51% and 0.11% respectively. so far, the three major indexes have expanded their year-to-date declines to 6.41%, 13.63% and 17.8%.

in addition to the rise and fall of the index, the market's attention is also focused on the sluggish trading volume. wind data shows that the market trading volume on that day was still less than 600 billion yuan. in the past month, the average daily trading volume of a-shares was 586 billion yuan, and it has shrunk to less than 500 billion yuan several times.

in the view of industry insiders, the low trading volume of a-shares is mainly caused by factors such as insufficient market confidence, lack of incremental funds, and pressure on mid-term performance. however, in the process of bottoming out, positive factors are constantly accumulating, and downside risks are controllable. the market is gradually falling out of the allocation value, and there is a certain rebound momentum under the catalysis of policies.

transaction volume continues to be sluggish

on september 4, the a-share market continued to adjust with reduced volume. the shanghai composite index fluctuated throughout the day, losing 2,800 points. the shenzhen component index and the chinext index turned positive during the day and then fell back. as of the close of the day, the shanghai composite index fell 0.67% to 2,784.28 points, setting a new low since february 8.

wind data showed that the market transaction volume on that day was 561.6 billion yuan, down more than 21 billion yuan from the previous trading day. in terms of sectors, among the 31 shenwan first-level industries, power equipment, automobiles, pharmaceuticals and biology, textiles and apparel, etc. were "in the green", with an increase of less than 0.5%; non-ferrous metals, petroleum and petrochemicals and other industries led the decline, with a drop of more than 2%.