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Today, the A-share market presents a differentiated pattern, with the main board and technology sector showing divergent trends. During the morning trading session, large-cap blue-chip stocks such as banks, insurance, securities, and coal sectors performed strongly, leading the market upward. In contrast, small and medium-sized stocks focused on technology generally fell and failed to reverse their downward trend in the afternoon trading session.
In terms of market sector performance, traditional industries such as building materials, coal, securities, banking, insurance, and animal husbandry are leading the gains. The technology sector, on the other hand, has significantly adjusted, with substantial declines seen in batteries, electric vehicles, semiconductor chips, artificial intelligence, big data, and cloud computing.
As of 11 AM, the transaction volume of the two markets reached 1.5 trillion yuan, a decrease of 67 billion yuan compared to the previous trading day. In terms of funds, the net outflow of major funds was 64 billion yuan, while the net inflow of southbound funds was 4 billion yuan. The capital flow shows that sectors such as securities, coal, banking, insurance, and agriculture and animal husbandry received a large-scale inflow of major funds; on the other hand, sectors such as semiconductor chips, batteries, consumer electronics, software development, communication equipment, and non-ferrous metals experienced a significant outflow of major funds.
Analysis suggests that today's market adjustment is actually a normal pullback after yesterday's rebound, primarily aimed at digesting profit-taking. Overall, the upward trend in the market has not changed, and investors do not need to panic excessively; instead, they can view this as a good opportunity to enter at a low. In the current market landscape, investors may focus on investment opportunities in traditional blue-chip stocks while also closely monitoring the stabilization timing of the technology sector.