Zheng Xing Xing Ye Ri Bao·2025-09-04 08:48Market Overview - On September 4, the securities sector declined by 0.3%, with Changcheng Securities leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Pacific Securities saw a significant increase of 10.11%, closing at 4.79, with a trading volume of 16.03 million shares and a turnover of 7.474 billion [1] - Huayin Securities rose by 5.78%, closing at 16.83, with a trading volume of 567,600 shares and a turnover of 949 million [1] - Changcheng Securities experienced a decline of 3.44%, closing at 11.78, with a trading volume of 1.9019 million shares and a turnover of 2.264 billion [2] - Dongfang Caifu fell by 1.58%, closing at 26.21, with a trading volume of 7.4042 million shares and a turnover of 19.571 billion [2] Capital Flow Analysis - The securities sector experienced a net outflow of 740 million from major funds, while retail investors saw a net inflow of 696 million [2] - Major funds showed a net inflow in Pacific Securities of 1.439 billion, while retail investors had a net outflow of 546 million [3] - The overall trend indicates a mixed sentiment among institutional and retail investors, with institutional funds pulling back while retail investors remain active [2][3]