The Shanghai Stock Exchange Hit A 17 Month Low Of &Nbsp, And The Market Trend Is Unclear.

The performance of the first week of the first week of June was still weak. Yesterday, the Shanghai and Shenzhen Stock Exchange Index closed barely two, but has yet to change the fate of the whole week crash. The Shanghai Composite Index ended at 2553.39 points this week, down 3.85% from last week, and the Shenzhen stock index ended at 10187.2 points, down 2.94% from last week. It is worth noting that the Shanghai stock market yesterday's transaction volume of only 61 billion 720 million yuan, hit a new low in the past 17 months.

Yesterday, the total daily turnover of Shanghai stock market was only 61 billion 720 million yuan, the lowest since January 2009. The trading volume of A shares in Shanghai stock market fell back to 60 billion yuan last time, and it also dates back to January 20, 2009. On the same day, the total daily turnover of Shanghai stock market was 56 billion 600 million yuan, and the closing point was 1994 points.

In fact, since the beginning of this week, the Shanghai and Shenzhen two cities have fallen into a light trading situation. The total weekly turnover is only 720 billion 560 million yuan, a sharp drop of 26.5% compared with 911 billion 750 million yuan last week. Faced with this phenomenon, some agencies believe that the amount of land to see the land price, the market outlook is expected to be completed through repeated shocks.

Huaxi Securities believes that the market turnover has shrunk to the extreme, indicating that the market has failed in the kinetic energy, and it is suggested that investors hold patience to observe the positive changes that may occur on the news side. Next week, if Shanghai's real estate tax rules are issued, the market is likely to make a bad profit. At that time, it is expected to become an opportunity for the market to rebound.

The same view also includes GF Securities. GF believes that the extreme price earnings ratio of A shares can be seen 13 times. Although the current market price earnings ratio is about 18 times, according to the 9.5% growth in 2010, the dynamic P / E ratio is about 14 times.

GF Securities also pointed out that "Rome was not built in a day". The structure at the bottom of the stock market was never accomplished overnight. At present, the market is still affected by many uncertain factors. However, even if the stock index is down again, it will be the darkness before dawn. What investors must do at this stage is to persist.

Some agencies believe that the downturn in quantity shows to a certain extent that the popularity of the market is not enough, and the market outlook is still hard to say. "Judging from volume, the short-term A share market will be dominated by concussion." China and Thailand believe that the current market is in an atmosphere of high and low ambience, under the valuation of the level of protection, there are policies such as constant suppression, suggesting that investors in the operation of flexible use of fast forward and quick out of the short-term trading mode.

It is noteworthy that, although the transaction volume of the two cities decreased synchronously, the decline in Shenzhen market was lower than that in Shanghai stock market, which led to the close turnover of the two cities in Shanghai and Shenzhen. Insiders pointed out that in the Shanghai stock market with large blue chips as the main issuer, the transaction volume of the Shenzhen Stock Exchange as the main target of issuing small and medium sized boards and gem was consistent. To a certain extent, the market capitals were not interested in the trading of large cap stocks. Most of the listed companies related to the new economic development were concentrated in the small and medium sized boards and the gem, so the attraction to the funds was greater.