
Market Overview - The banking sector experienced a significant decline, impacting the overall market performance, with the Shanghai Composite Index falling by 0.7% on June 27 [1][5]. - A total of 3,381 stocks rose, while 1,772 stocks fell, indicating a mixed market sentiment [2]. Banking Sector Performance - Major banks such as China Merchants Bank, Bank of China, and CITIC Bank saw declines ranging from 1.69% to 4.56% [5]. - The decline in bank stocks is attributed to a report from a large insurance institution indicating a shift in investment strategy, moving away from high-dividend bank stocks [5]. Trading Statistics - The total trading volume reached approximately 15,756.91 billion, with 5,420 total varieties traded [3]. - The number of stocks with a price increase of over 7% was 105, while 22 stocks experienced a decline of over 7% [3]. Sector Highlights - The non-ferrous metal sector saw a collective rise, with companies like Northern Copper and Jinhui Co. hitting the daily limit [4]. - The market's performance was notably affected by the sharp drop in bank stocks, which had previously been reaching new highs [4].