摘要：Today is the first trading session of this month, but the already beleaguered domestic equity markets ended a turbulent day on an

Today is the first trading session of this month, but the already beleaguered domestic equity markets ended a turbulent day on an upbeat note. Indeed, a myriad of impenitent stouthearted financial consumers were electrified by today’s all-out robust rebound because of the euphoric market atmosphere. In the meantime, the overwhelming majority of the callow gullible stock neophytes were effusive in their praises for policymakers because they might have made a hefty chunk of money or reduced their erstwhile book losses. Thankfully, the advancing stocks finally far outpaced the losing ones because more than 3,800 stocks rose after yesterday’s market carnage. Unfortunately, all three major stock indexes opened slightly higher and closed mixed on Thursday, even though the magnitude of rise and fall was modest. In view of the current intricate and complex market environment, this upshot didn’t bode well for tomorrow’s market move as the upward momentum is petering out. The Shanghai Composite Index, which opened more than 4 points higher, slowly trudged up shortly after the opening bell, went straight up in early trading, at one point climbed as much as 0.65% by 10:22 a.m. to its highest level of the day, was up almost 20 points around lunchtime, took a nosedive in early afternoon trading, slowly inched higher with barely ten minutes to go ether market closed, eventually jumped the most among major stock indexes with a 0.38% upswing and ended the day with a two-day drop. The Shenzhen Component Index, which advanced 0.18% at its opening, gradually careened lower in the first few minutes of trading, pared back its gains, tilted into correction territory, reached its nadir, recouped its losses, slowly bumped up earlier in the day, was up almost 60 points around lunchtime, took a nasty turn for the worse, slipped into negative territory, tiptoed around yesterday’s closing level in late trading, traded sideways in the last thirty minutes of trading, wavered for much of the day, at last was essentially unchanged, down 0.01% and logged its third consecutive day of losses. The tech-focused ChiNext index opened higher by 0.23%, seesawed lower in the opening minutes of trading, ate into its gains, plunged headlong into correction territory, reclaimed its losses, gradually lumbered up, at one time swelled as much as 0.72% earlier in the session, reached its zenith, was up almost 15 points around lunchtime, came down precipitously, traded flat in the hour leading up to the close, teetered throughput the day, and ultimately edged down 0.09% and notched a three-day losing streak. Biological product was the biggest winner of the day, up 4.82%. Chemical pharmaceutical was in the second place, up 4.47%. Medical service came in third with a gain of about 4.22%. Precious metal was the worst performing sector, down 1.62%. Coming in second place was electrical machinery, down 0.71%. Software development was the third worst performer, down 0.60%. In addition, the already embattled domestic stock markets witnessed a net outflow of CN¥89.3 billion and the combined turnover on the Shanghai and Shenzhen was in excess of CN¥1.1323 trillion. It’s very palpable that a flock of diehard market bulls fervently believe that today’s market performance might have made some substantive progress in improving market environment, at least tentatively. From a pure market perspective, a batch of paranoid stock mavens opined that all three major stock indexes should continue to sag further in April. In contrast, from a pure political perspective, the recent lackluster market performance appeared to have implicated that all three major stock indexes should continue to soar this month in the backdrop of window guidance and administrative intervention.

来源：惠童教育