The last day of the year, why are A-shares "flying with dividends and computing power"?
On December 30, the market fluctuated within a narrow range throughout the day, with the three major indices rising slightly. The large and small indices continued to diverge, with the North Securities 50 index falling more than 4%, hitting a new low for the period. By the close, the Shanghai Composite Index rose 0.21%, the Shenzhen Component Index rose 0.1%, and the ChiNext Index rose 0.06%.
In terms of sectors, insurance, banking, coal, and computing power saw the largest gains, while agriculture, tourism, Hainan, and copper cable high-speed connections faced the largest declines.
Only over 1,300 individual stocks in the entire market closed higher. The total trading volume in the Shanghai and Shenzhen markets was 1.28 trillion yuan, a decrease of 157.7 billion compared to the previous trading day.
Today is the last "withdrawal day" of 2024. As a result, A-shares have returned to a "reduced volume + narrow fluctuation" pattern, with all three major indices closing in the green. Dividend sectors such as banking, insurance, and coal have regained upward momentum, while the majority of stocks in the market are still declining.
However, it should be noted that current market sentiment is not as panicked as it was last Monday and Tuesday.
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