Datong Securities: The Market Continues To Bottom Down Is Still A Probability Event.

Today, the Shanghai composite index opened at 2508.33 points, the highest 2527.10 points, the lowest 2491.66 points, closed at 2511.73 points, down 41.86 points, or 1.64%, traded 70 billion 154 million yuan; the Shenzhen composite index opened at 9977.23 points, the highest 10083.27 points, the lowest 9922.77 points, closed at 9992.67 points, fell to 9922.77 points, decreased by 9992.67, and traded yuan yuan.

Affected by the sharp drop in European and US stock market, the Shanghai and Shenzhen stock markets crashed sharply on Monday. After that, Shanghai Stock Index shook up near 2510 points, and then fell below 2500 points in the afternoon. The bottom of the stock market rebounded back to 2500 above the two point. The index of gem index rose by more than 4%, and the separation of Shenzhen stock market 82 was obvious. At the close, the Shanghai stock index fell 1.64%, to 2511.73 points. The two cities were enlarged.

On the news, Zhou Xiaochuan said that the exit of the stimulus policy depends on the domestic situation; the two suite identified the new regulations to press the real estate market strictly; the May economic data appeared on Friday; China will invest 700 billion yuan to speed up the construction of the high speed rail this year; the exchange financing 33 billion 100 million is lower than the market expectation; and the European and American stock market encountered black Friday.

Heavyweight drag on the stock index is more obvious, the stock index in the intraday once broke 2500 points integer off, is now only 2481 points from the previous low point is only one step away, the real estate stocks once rapid rise to drive the stock index has picked up, but the real estate regulation policy frequently, the heavyweight is still difficult to have the rebound of heavy responsibility plate, the recent market breakdown the low point of the probability is bigger, weak still should pay more attention to less movement, light warehouse to wait.

In the short term, the market game will continue, and the struggle will continue, but the bottom of the valuation market does not have much support as the bottom of the market. After the struggle after the rebound, the market continued to choose bottom down or the probability event. Although the real estate industry chain has certain advantages in valuation, short term large net outflow of funds shows that the trend of next week is still not optimistic.