News summary
[Midday review: The Shanghai Composite Index fluctuated slightly and felladultarcade, the real estate and military sectors fell, and the concept of virtual power plants was active] Securities Times News reported that in early trading on the 24th, the three major stock indexes surged and fell back, and the GEM index once fell nearly 1%; half-day transactions in the two cities were less than 500 billion yuan. As of the close of noon, the Shanghai Composite Index fell 0.0%adultarcade.16% reported...
Newsletter text
[Midday review: The Shanghai Composite Index fluctuated slightly, the real estate and military sectors fell, and the concept of virtual power plants was active] Securities Times News reported that in early trading on the 24th, the three major stock indexes surged and fell back, and the GEM index once fell nearly 1%; the two cities traded in half a day. Less than 500 billion yuan. As of the close of noon, the Shanghai Composite Index fell 0.16% to 3,111.5 points, the Shenzhen Composite Index fell 0.39%, the GEM Index fell 0.73%, and the Beijing Stock Exchange 50 Index fell 1.41%. The total transaction volume between the two cities was 470.6 billion yuan. On the market, the real estate and military sectors were among the top losers, with insurance, semiconductor, home furnishing, brewing, brokerage and other sectors falling; the electricity, gas, coal, petroleum and other sectors rising, and virtual power plants, smart grids, wind power, energy storage, photovoltaic concepts, etc. active. Guosheng Securities said that with the implementation of favorable domestic policies, market risk appetite is expected to increase. The current internal and external environment as a whole is conducive to the market's continued stabilization and improvement. Although the Federal Reserve meeting minutes are more hawkish, their long-term impact on the market may be limited. The market is currently widely expected that the Federal Reserve will cut interest rates in September. Therefore, in the medium term, the stock index is generally expected to maintain a volatile upward pattern, but the short-term index may be dominated by shocks. Strategically, as Nvidia's financial report exceeded expectations, it drove U.S. AI concept stocks to surge, which may activate the market's overall hype for technology stocks in the short term. It is recommended to focus on the growth direction of AI technology and investment opportunities in industries such as photovoltaic and engineering construction in the short term. Proofread by: Wang Jincheng