The Shanghai Composite Index returned to 3,000 points intraday, and experts said that market confidence has recovered

Sino-Singapore warp and weft

2024-07-02 11:26China-Singapore Jingwei official account

　　China-Singapore Jingwei, July 2 (Wan Keyi, Dong Xiangyi) On the 2nd, the Shanghai Composite Index returned to 3,000 points intraday. As of press time, the Shanghai Composite Index rose 0.22% to 3,001.26 points, the Shenzhen Component Index fell 0.34% to 8,868.93 points, and the ChiNext Index fell 0.41% to 1,675.81 points.

　　Source: Straight Flush iFinD

　　On the disk, software development, IT services, liquor, financial and tax digitalization, electronic ID cards and other sectors led the rise, and nearly 3,000 shares in the whole market were red. Among them, liquor stocks rebounded collectively, Golden Seed Liquor rose nearly 8%, Huangtai Liquor rose more than 6%, and Kweichow Moutai, Wuliangye, Jinhui Liquor, and Shede Liquor rose more than 3%.

　　Zhongxin Jingwei noted that the People's Bank of China issued an announcement on July 1 that in order to maintain the stable operation of the bond market, on the basis of prudent observation and assessment of the current market situation, the People's Bank of China decided to carry out treasury bond borrowing operations for some primary dealers in open market business in the near future. Affected by the relevant news, yesterday's treasury bond futures dived across the board and turned down, while the three major A-share indexes rose across the board.

　　Yang Delong, chief economist of Qianhai Open Source Fund, told Zhongxin Jingwei that after a week of adjustment, the Shanghai Composite Index has regained its upward momentum and market confidence has recovered.

　　Yang Delong mentioned that the recent market in the 3000 points after the integer mark, there has been a round of shock bottoming trend, it is recommended that everyone to maintain confidence, remain patient, as long as you hold high-quality stocks or high-quality funds can be patient waiting for the market to pick up, which has been repeatedly proven by the experience of the past ten years. Yang Delong explained: "Although the Shanghai Composite Index has fallen below 3,000 points 60 times in the past 17 years, it has stood above 3,000 points 60 times, and the time for the broader market to run below 3,000 points is much less than the time for the broader market to run above 3,000 points." The room to fall below 3,000 is also much smaller than the room to rise above 3,000. 3000 points is not only an important psychological threshold, but also an important policy bottom, once it falls below 3000 points, the funds of contrarian investment may enter the market to layout. ”

　　In addition, Yang Delong called on the national team to increase its efforts to enter the market, not only to support the bottom, but also to pull up, completely reverse the downward trend of the market, and form an upward trend. "Once the market forms an upward trend and the money-making effect increases, the willingness of over-the-counter funds to enter the market will gradually increase." Yang Delong said. (Sino-Singapore Jingwei APP)

(The views in the article are for reference only and do not constitute investment advice, investment is risky, and you need to be cautious when entering the market.) )

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