In early trading on the 28th, the “roller coaster” market of a shares frightened many investors.
In the morning, the inertia of the two cities killed, and the three major indexes once fell by more than 2%. Nearly 4000 shares in the two cities were in a state of decline, killing the panic. After hours, the stock index bottomed out and rebounded.
Driven by the Ningde era, the gem once reversed its V-shape, rising by more than 2%. Near midday, the increase narrowed to 0.85%.
As of the midday closing, the decline of the Shanghai and Shenzhen indexes narrowed, with the Shanghai index closing down 0.59% and the Shenzhen index closing down 0.33%. About 3500 stocks in the two markets fell, still maintaining the general decline pattern, but the market sentiment has warmed up.
Guizhou Maotai, China Merchants Bank to protect the market
More than 8 billion foreign capital accurate bottom reading
In early trading on the 28th, Guizhou Maotai once fell below 1700 yuan, a new low for the year. But after 10 o’clock, Moutai, Guizhou, rose rapidly. As of the closing, it not only returned to the top of 1700 yuan, but also rose by more than 2%.
At the same time, the three major indexes collectively opened low and weakened in early trading today, and the banking sector was red. As of 10:10, the banking sector bucked the market and rose 0.82%, the only rising industry among the 28 primary industries in the whole market. In terms of individual stocks, China Merchants Bank once rose more than 4%, and now it is up 3.55%.
Bank of Ningbo and Bank of Nanjing followed the trend.
In the second quarter, many top stream star fund managers such as Zhang Kun and Zhou Yingbo increased their positions in the banking sector. Institutions believe that the sector has fully reflected pessimistic expectations.
After the opening of early trading, the funds in the A-share market fled one after another, but the funds going north increased their positions against the trend and accurately copied the bottom, once flowing into more than 8 billion. As of midday closing, the net inflow of funds from northbound was 6.107 billion.
Reprint indicated source：Shine Trader Limited Live information