The Situation Of Convergence And Contraction In Shanghai And Shenzhen Stock Markets Has Changed Little.

The situation of convergence and contraction in the Shanghai and Shenzhen stock markets has been going on for quite some time. Especially in Shanghai stock market, sometimes the amplitude of a day is less than 0.4%, the lowest record in more than 10 years.

The volatility of stock index is small, and the paction is not active. The impression on the market is that the market is light and the operability is not strong.

And from a deeper level, it can not help worrying about the market function can not effectively play the problem.

As a rational investor, people also need to analyze this situation from a dialectical perspective.

For example, the volume of pactions is certainly not large now. The average stock market in Shanghai stock market is roughly 150 billion yuan, which is quite different from that of last year's 800 billion yuan or even 12000 billion yuan.

In fact, this problem should be viewed dialectically.

First of all, of course, we must admit that the current market performance is weak.

For a market with tens of millions of investors and a market value of tens of trillion yuan, the current situation is indeed difficult for investors to be satisfied.

Too small index fluctuations, seemingly stable market, but also led to a negative trend of the spread of no pattern of operation, which is not conducive to full play.

It plays an active role in the process of economic restructuring.

In addition, the slack trading also restricts the influx of large capital, and the lack of liquidity makes it difficult for many stocks to get fair pricing. The lack of market pricing function will undoubtedly bring many adverse effects on the rational operation of the stock market.

Relatively speaking, the relatively stable market in the first ten months of 2014 is much more comparable.

And during this period, the average volume of pactions in Shanghai stock market is roughly 150 billion yuan.

Of course, considering the factors such as sustained expansion and so on, the number of free floating stocks is obviously larger than that of the same year. But there is also a phenomenon of stock lock up because of the large scale entry of CSI and other institutions.

The paction is lighter than the time, but the degree is limited.

Moreover, in terms of the current paction volume, it is still very large among the major stock markets in the world.

In addition, although the stock market volatility is very small, but this is more manifested in the Shanghai stock market, mainly because those heavyweights are held and locked by large numbers of shares, and the extremely limited price changes make the stock index's amplitude largely ironed.

If people do not focus their eyes on the Shanghai Composite Index, but also take into account the Shenzhen index and Shenzhen SME board and gem index, we will find that the fluctuation is much larger, while in the classification index, the fluctuation of the new stock index is still quite large.

This also tells people that behind the overall market stability, there is still quite active structural market.

Of course, there were structural quotes in the past. Compared with this year, the structural market is still relatively weak, but in any case, it has maintained a certain degree of activity.

Further, although the opportunities offered by the market are limited, it can not be considered that there is no chance.

It should be noted that the narrowing of the current stock market amplitude and the light turnover phenomenon are both related to the background of the market operation, but at the same time, it is a correction to the excessive fanaticism in the past. Further, there are also structural adjustment factors.

As investors, it is not enough to complain about the weak pattern brought by them. In some ways, we should strive to adapt to this new situation.

Of course, on the contrary, from the perspective of management, we should also study how to improve.

The problem.

At present, the mobility of the whole society is not short, the property market is unusually hot, and the stock market is very light. This situation is probably not ideal, and it is still contrary to the general law of economic development. Therefore, we need to analyze it and find out the train of thought and method to solve the problem.

After all, a long and thin market will eventually be marginalized and forgotten.