博时市场点评9月4日：沪指失守3800点，创业板跌超4%

Market Overview - The three major indices in the A-share market adjusted, with the Shanghai Composite Index falling below 3,800 points and the ChiNext Index dropping over 4% [1] - The trading volume in the two markets was less than 2.6 trillion yuan, indicating a slowdown in market activity [1] - The recent increase in margin trading balance by 1.4 billion yuan suggests a slight uptick in leveraged funds entering the market, although the pace has slowed down [1] Investor Sentiment - In August, the number of new A-share accounts reached 2.65 million, a month-on-month increase of 35% and a year-on-year increase of 165% [2][3] - This marks the third consecutive month of growth in new accounts, reflecting strong willingness among retail investors to enter the market [2][3] - The total number of new accounts in the first eight months of the year reached 17.21 million, a year-on-year increase of over 47% [2] Policy Coordination - A joint meeting between the Ministry of Finance and the People's Bank of China discussed financial market operations and government bond issuance management [2] - The meeting emphasized the importance of macro policy coordination, particularly in stabilizing market expectations and ensuring smooth government bond issuance [2] - Improved coordination and mechanisms are expected to promote the healthy development of the bond market and enhance market risk appetite [2] Market Performance - On September 4, the A-share market saw declines across all major indices, with the Shanghai Composite Index closing at 3,765.88 points, down 1.25% [4] - The Shenzhen Component Index fell by 2.83%, and the ChiNext Index decreased by 4.25% [4] - Among the sectors, retail, beauty care, and banking showed positive performance, while telecommunications, electronics, and comprehensive sectors faced significant declines [4] Trading Activity - The market's trading volume was reported at 25,822.18 billion yuan, showing an increase from the previous trading day [5] - The margin trading balance reached 22,898.61 billion yuan, indicating a rise compared to the previous day [5]