A股迎重磅调整！下个月，这些大事要来！

Core Viewpoint - The A-share market is experiencing a divergence, with the Shanghai Composite Index declining while the ChiNext Index is rising, influenced by sector performances such as metals and semiconductors, while banking and insurance sectors are underperforming [1][2][4][8]. Market Performance - A-share market shows significant divergence today, with over 3,300 stocks rising despite the Shanghai Composite Index's decline [2][4]. - The total trading volume in the two markets reached 1.54 trillion [4]. Regulatory Changes - The Shanghai and Shenzhen Stock Exchanges plan to adjust the price fluctuation limit for risk-warning stocks (ST stocks) from 5% to 10%, aligning them with other mainboard stocks [5][6]. - This change is expected to enhance market liquidity and facilitate risk mitigation for related companies [6]. Sector Analysis - The banking and insurance sectors' pullback has negatively impacted the Shanghai Composite Index's performance [8]. - Despite today's adjustment, the banking sector has increased by 16.9% this year, leading among major industries [10]. - The China Securities Banking Index's price-to-book ratio (PB) is at 0.73, indicating a valuation advantage [13]. Policy and Economic Outlook - Analysts suggest that the easing tensions in the Middle East have reduced short-term market risk aversion, predicting a steady upward trend in the market [7]. - Upcoming significant events in July, including the political bureau meeting and mid-year earnings reports, are expected to influence market sentiment and performance [20][22]. Historical Patterns - Historical data indicates that July often sees a rebound following a weak May and June, aligning with the "Five Poor, Six Absolute, Seven Rebound" adage [22]. - The central political bureau meeting in July is anticipated to provide new policy signals that could positively impact market sentiment [22]. Sector Opportunities - Historically, sectors such as non-ferrous metals, steel, and basic chemicals tend to perform well in July [25]. - The report suggests a focus on technology, resources, and high-end manufacturing sectors for potential growth [26].