Guoyuan Securities·2025-07-31 13:14Market Performance - On July 31, 2025, the Shanghai Composite Index fell by 1.18%, the Shenzhen Component Index decreased by 1.73%, and the ChiNext Index dropped by 1.66%[2] - The total market turnover reached 1,916.18 billion yuan, an increase of 88.29 billion yuan compared to the previous trading day[2] - Out of 5,152 stocks, 1,019 rose while 4,133 declined[2] Sector and Style Analysis - Among the 30 sectors, the Computer sector showed a slight increase of 0.73%, while the Steel sector saw the largest decline at -3.79%[19] - Growth stocks outperformed value stocks, with small-cap growth leading the performance[19] Capital Flow - On July 31, 2025, the net outflow of main funds was 56.93 billion yuan, with large orders contributing to a significant portion of the outflow[23] - Small orders continued to see a net inflow of 67.14 billion yuan, indicating retail investor interest[23] ETF Activity - Major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF saw increases in trading volume, with changes of +3.17 billion yuan and +6.64 billion yuan respectively[27] - The net inflow into the ChiNext ETF was 1.56 billion yuan on July 30, 2025, indicating a shift in investor focus towards growth sectors[27] Global Market Trends - On July 31, 2025, the Hang Seng Index fell by 1.60%, while the Nikkei 225 Index rose by 1.02%[31] - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average down by 0.38% and the Nasdaq Composite up by 0.15%[32]