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On the day before Mid-Autumn Festival , A shares three market collectively rose, which is considered to be a holiday gift to investors.
After the closing of A-shares today, the Shanghai Composite Index rose 26.46 points, an increase of 0.82%, the Shenzhen Component Index rose 130.87 points, an increase of 1.11%, and the ChiNext Index rose 25.21 points, an increase of 1%. Judging from these data, the performance of the three markets today is quite good.
Funding dynamics. Today, northbound funds finally ended their net outflow, and today there was a significant net inflow, with a net inflow amount of up to 14.753 billion. The main funds also ended their net outflow, but the net inflow amount was very small, only more than one billion. Regarding the views of these two, I prefer to use the dynamics of the main capital as the reference standard. So I'm still not optimistic about the next trend.
People often say that the stock market generally performs poorly in a few trading days before the festival because it costs money, so they reduce their positions before the festival. On the last trading day before the festival, since the money you sold to cash out on the day needs to be withdrawn after the festival, no one will reduce their positions and cash out the day before the festival, so the stock market generally performs better on that day. Recently, it has been considered to be "following" this rule.
This article is only a personal opinion based on personal experience and analysis of market factors. It does not mean that the market will definitely go like that. Personal opinion is not used as investment advice.
