摘要：It’s clearly been an exceedingly convivial day today for a myriad of impenitent stouthearted financial consumers who have been the

It’s clearly been an exceedingly convivial day today for a myriad of impenitent stouthearted financial consumers who have been the steadfast optimists. All three major stock indexes opened mixed and closed mixed after four grueling hours but the rise or fall was modest in the last trading session of this week and month. Truth be told, a narrow range of volatility was probably not uncommon in the erstwhile beleaguered domestic equity markets in the inclement condition. As expected, the overwhelming majority of the unsuspecting callow gullible stock neophytes continued to entertain the fanciful idea about the reinstatement of bull market. To be sure, the advancing stocks far outpaced the losing ones given that more than 3,400 stocks rose on Wednesday. The benchmark Shanghai Composite Index, which opened more than 2 points lower, slowly bumped up shortly after the opening bell, recouped its losses, plunged headlong into correction territory, gradually lumbered up in early trading, reached its zenith, pared back its gains, tiptoed around yesterday’s closing level, was down almost 3 points around lunchtime, slowly moved lower with barely ten minutes to go until the market closed, at last was essentially unchanged, a couple of points lower, or 0.23% and notched a four-day winning streak. The Shenzhen Component Index, which advanced 0.14% at its opening, went straight up in the first few minutes of trading, traded flat earlier in the session, was up almost 73 points around lunchtime, slowly inched lower in the last thirty minutes of trading, closed with a gain of 0.51% and snapped its second consecutive day of losses. The tech-heavy ChiNext Index, which opened higher by 0.22%, swiftly leapt in the opening minutes of trading, traded sideways earlier in the day, was up almost 20 points around lunchtime, slowly descended in the hour leading up to the close, ultimately added the most among major stock indexes with a 0.83% upswing and ended the day with a two-day losing streak. Automobile part was the biggest winner of the day, up 3.05%. Electrical machinery was in second place, up 2.93%. Consumer electronics came in third with a gain of about 2.91%. Insurance was the worst performing sector, down 1.84%. Coming in second place was power industry, down 1.84%. Banking was the third worst performer, down 1.75%. In addition, the previous embattled domestic equity markets witnessed a net inflow of CN¥147.2 billion and the combined turnover on the Shanghai and Shenzhen bourses was in excess of CN¥1.1693 trillion. It should be noted that a flock of impetuous retail investors have been fixating more upon the change in trading volume in recent trading weeks. Indeed, trading volume falling below CN¥1 trillion may have symbolized the end of the full-fledged blow-up retaliatory offbeat rebound. Actually, a small percentage of savvy levelheaded perspicacious pusillanimous risk control pundits were discombobulated by holding cash or stock under the backdrop of intricate and complex situation as a 5-day holiday approaches. By the way, Dow futures dipped 0.04%, the S&P 500 futures were down 0.23% and the tech-focused Nasdaq Composite futures dropped 0.39% in premarket trading as of 6:38 AM ET.

来源：涵柏教育