Market Overview - The A-share market is experiencing significant downward pressure, with the Shanghai Composite Index facing a critical support level at 3800 points, as 351 stocks rose while 107 stocks fell, indicating a poor overall market performance with nearly 5100 stocks declining [4] - The lithium battery industry chain is leading the decline, with lithium mining stocks hitting the limit down, while sectors such as computing hardware, memory storage, semiconductors, consumer electronics, photovoltaics, and fintech also saw notable declines [4] Trading Volume and Capital Flow - The total trading volume in both markets reached 1 trillion yuan, an increase of 15.08% compared to the previous day, indicating heavy selling pressure with a net outflow of 147.43 billion yuan from institutional investors [5] - Despite some sectors like media attracting net inflows from main funds, industries such as non-ferrous metals and power equipment faced significant capital outflows, reflecting a shift in institutional investment strategies towards undervalued defensive sectors like banks and oil [5] - Retail investors exhibited a cautious outlook, with a notable trend of following the selling behavior of institutions, leading to a significant number of forced liquidations among leveraged positions [5] Investor Sentiment - Retail investor sentiment is currently at 75.85%, indicating a high level of caution and uncertainty in the market [6] - A survey on investor positions shows that 29.37% of participants are increasing their holdings, while 19.42% are reducing their positions, with 51.21% choosing to remain inactive [10] - In terms of market expectations for the next trading day, 47.64% of investors anticipate a rise, while 52.36% expect a decline, reflecting a divided sentiment among market participants [12]
抄底补仓?
第一财经·2025-11-21 10:41