The market opened low on Fridaybaccaratscoreboardthe pattern ofbaccaratscoreboardIn early trading, the Shanghai Composite Index opened 5 points lower at 3110 points, and the GEM opened 7 points lower at 1845 points. After the market opened lower, the market withdrew, reaching a high of only 3130 points before falling back. It continued to be sluggish in the afternoon, and major indices closed at relatively low levels throughout the day. The Shanghai Composite Index closed down 27 points at 3088 points, and the GEM closed down 33 points at 1818 points. Individual stock data showed that the decline was more and less, with the real estate sector leading the decline, while technology concept stocks such as communications and semiconductors also fell. The overall market adjustment is obvious.
Domestic capital has flowed out of hundreds of billions for two consecutive days, and the market sentiment is not good. The market will step back to 3087 points and may look for support in the 3,000 - 3,080 point range next week. There are signs of "five poor" in the market. The probability of a plunge is small, but trading opportunities are reduced. Next week may gradually repair and rebound, and the non-ferrous metal sector may welcome technical repair. The market pattern is still a game of existing funds, and individual stocks are divided.
Technology stocks were unaffected by the optimistic news, with institutional funds flowing into real estate and photovoltaics. The market atmosphere is still not optimistic, with fear and greed intertwined. Some investors choose to admit defeat, but the market has experienced ups and downs and it is difficult to give up easily. Short-selling funds continue to flow out, and the market may face challenges to recover 3100 points next week. The market still needs to pay attention to news trends. I hope the market will gradually improve and investors will welcome more opportunities.
