The transaction exceeded one trillion yuan, and under the stimulation of positive news, A-shares opened high and closed low
Under the influence of favorable policies such as the halving of stamp duty on securities trading, phased tightening of IPOs, standardized reduction of holdings, and reduction of margin ratio for financing and financing, all three major A-share indexes opened higher than 5% on August 28th, but gradually fell and rebounded in the end of the day.
As of the close of the day, the Shanghai Composite Index rose 1.13% to 3098.64 points; The Shenzhen Composite Index rose 1.01% to close at 10233.15 points; The ChiNext Index rose 0.96% to 2060.04 points. The market transaction volume has significantly increased, exceeding 1.1 trillion yuan.
According to Wind data, a total of 3614 stocks in the two markets rose and 1505 fell on the same day, with 128 stocks remaining flat. In terms of sectors, real estate, coal, securities firms, and others ranked among the top performers.
Industry insiders analyze that the current size of the A-share market is incomparable to 15 years ago, so it is difficult to see the situation of a thousand shares hitting the limit up at that time under the stimulus of favorable policies. But the impact of relevant policies on A-shares is not just a short-term dividend, but a long-term measure to promote stable market development.