htmlOn September 27, market finally ushered in a long-lost rebound. The three major stock indexes opened high in the morning and then pulled back, rising across the board in the afternoon. As of the close, the increase was over 1%, of which the ChiNext Index rose by 2.23%. Although the trading volume of Shanghai and Shenzhen stock markets is still less than one trillion yuan in the whole day and is shrinking compared with the previous trading day, the market funds achieved net inflows throughout the day after many days of net outflows. Although the volume needs to be strengthened, the stocks have generally risen, greatly arousing popularity. Especially in the two markets, more than 4,200 stocks were in the red, with 80 stocks hitting the daily limit and only 7 stocks hitting the daily limit, showing a recovery in market sentiment. From the perspective of sectors, the hotel, catering, tourism, food processing and manufacturing, medical equipment, textiles and home appliances sectors rose strongly; stocks such as Huatian Hotel , Jiahe Food, Zixin Pharmaceutical and Lijiang Shares all rose to the daily limit.
Under the premise that there is no change in policy easing expectations, whether it is the market valuation or technical support, there is little room for the stock index to continue to decline. From a macro perspective, although the continuous shrinkage of volume revealed that off-market funds are still waiting and watching, after the continuous sharp drop, the market's low valuation has shown certain attractiveness. Once a consensus is formed, a larger level of rebound is expected. However, due to insufficient volume, the rebound will also face certain selling pressure. China Business News reporter Jiangning
