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大幅放量!
第一财经·2025-09-18 12:44

Core Viewpoint - The market is experiencing significant volatility, with a notable increase in trading volume and a mixed sentiment among retail and institutional investors [5][9]. Market Performance - The total trading volume of the two markets reached 3.14 trillion yuan, marking a 31.91% increase compared to the previous trading day, and setting a record for the third-highest trading volume of the year [5]. - A total of 1,026 stocks rose, while the overall market showed a downward trend, particularly in sectors such as precious metals, rare earths, finance, and film, which saw the largest declines [4]. Capital Flow - There was a net outflow of over 128 billion yuan from major funds, particularly from sectors like securities and internet services, indicating a cooling expectation regarding short-term policy and profit-taking in high-valuation sectors [9]. - Retail investors displayed a conflicting sentiment, characterized by anxiety and a desire to bottom-fish, leading to a "buy high, sell low" trading behavior [9]. Investor Sentiment - Retail investors showed a tendency to increase their positions by 34.89%, while 16.33% reduced their holdings, and 48.78% remained unchanged in their positions [15]. - The average position of investors indicated that 69.71% were either fully invested or had significant holdings, reflecting a strong market engagement despite the volatility [20].