Markets were rife with consternation of market rout

360影视 日韩动漫 2025-03-25 18:08 3

摘要:It’s clearly been an exceedingly heinous day today once again for a myriad of callow gullible stock neophytes who might have suffe

It’s clearly been an exceedingly heinous day today once again for a myriad of callow gullible stock neophytes who might have suffered bruising losses. In the meantime, the overwhelming majority of the impenitent stouthearted financial consumers who might also have accrued book losses once again. Indeed, a flock of impetuous retail investors also felt very resentful that the apprehension about the risk of a fresh bout of market carnage has not yet been subsided given that the upward momentum is petering out. The Shanghai Composite Index, which opened more than 0.03 points lower, gradually trudged up shortly after the opening bell, went straight up, reclaimed its losses, slipped into negative territory, slowly careened lower, flirted with correction territory, tiptoed around yesterday’s closing level earlier in the day, was down almost 6 points around lunchtime, slowly ratcheted higher in early afternoon trading, at one point jumped as much as 0.28% by 13:35 p.m. to its highest level of the day, traded sideways with barely ten minutes to go until the market closed, teetered throughout the day and at last was essentially unchanged. The Shenzhen Component Index, which advanced 0.07% at its opening, slowly bumped up in the first few minutes of trading, swiftly leapt, reached its zenith, ate into its gains, gradually seesawed lower, tilted into correction territory, moved lower earlier in the session, was down almost 68 points around lunchtime, gradually inched lower in the last thirty minutes of trading, wavered for much of the day and ultimately dipped the most among major stock indexes with a 0.43% downswing. The tech-focused ChiNext Index, which opened 0.08% higher, gradually lumbered up in the opening minutes of trading, took a nosedive in early trading, came up precipitously, was down almost 14 points around lunchtime, took a nasty turn for the worse, reached its nadir, slowly moved lower in the hour leading up to the close, held its losses for the rest of trading session and eventually edged down 0.33%. Chemical raw material was the biggest winner of the day, up 3.60%. Coal industry was in second place, up 2.33%. Fertilizer industry came in third with a gain of about 2.11%. Shipbuilding was the worst performing sector, down 5.16%. Coming in second place was communication service, down 2.88%. Internet service was the third worst performer, down 2.46%. In addition, the already embattled domestic stock markets witnessed a net outflow of CN¥192.5 billion and the combined turnover on the Shanghai and Shenzhen bourses was in excess of CN¥1.2583 trillion. Truth be told, the already beleaguered domestic equity markets were rife with the consternation of market rout over the past few trading sessions. As expected, the recent wave of market debacle is enough to deflate the ever-optimistic obstinate hidebound veteran market observers’ confidence in reinstatement of epic rise. To add insult to injury, a small percentage of diehard market bulls were thoroughly trounced by an army of capacious rambunctious hard-bitter short sellers. More worriedly, the losing stocks still far outpaced the advancing ones because more than 3,000 stocks slid, even though all three major stock indexes remained relatively stable. It is unassailable that the lackluster market performance fell far short of initial prognostication on Tuesday, albeit with the stalwart support from policymakers. At this extremely pivotal conjecture, the nosedive in late trading appeared to have prognosticated that all three major stock indexes should continue to sag further tomorrow.

来源:阿囡

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