[stock market close] the three major A-share indexes fluctuated and closed down the new energy industry chain, such as photovoltaic and lithium mines, which rose sharply throughout the day.

Today, the three major stock indexes in the A-share market fluctuated in intraday trading, pulled up slightly in late trading, but still closed down. The turnover between the two cities exceeded 1.3 trillion yuan, exceeding 1 trillion yuan for the eighth trading day in a row. Photovoltaic, lithium mines and other new energy industry chain high prosperity track stocks rose throughout the day, the energy storage plate staged a rising and stopping tide, the leading energy electric board, nearly tripled in nine trading days, and more than 20 shares in the plate rose by the limit or more than 10%. Rare earth permanent magnet, steel stocks are active, North rare earth, Ningbo Yunsheng, New Iron and Steel shares, Maanshan Iron and Steel shares, Xining Special Steel and so on. Afternoon epidemic prevention concept stocks changed, novel coronavirus testing, vaccines, mask protection and other stocks rose, liquor, beer stocks fell sharply, Shuijingfang, Chongqing beer fell to the limit. On the market, Hongmeng concept, energy storage, iron and steel are among the top gainers, while spirits, securities and sodium ion batteries are in the forefront of declines.

As of the close, the Shanghai Composite Index fell 0.42% to close at 3397.36 points; the Shenzhen Composite Index fell 0.29% to close at 14473.21 points; and the gem Index fell 0.56% to close at 3440.18 points.

For the future market trend, institutions have expressed their views.

Haitong Securities said that in operation, after the short-term oversell rebounded, the market will enter the situation of multi-short equilibrium shock, differentiation shock will be opened. It is more appropriate to wait for the double-bottom opportunity of the index to form a double bottom and then intervene. In the follow-up, it is suggested to actively adjust and optimize the position portfolio and pay attention to high-quality growth stocks.

Guotai Junan believes that the current lithium battery industry is in the stage of arms race, and the equipment will maintain a high demeanor in the next three years, and supply and demand will be in a tight state. With the fixed landing of batteries in major vehicle factories, the procurement of battery plant equipment will be accelerated, and the orders and performance of equipment companies are expected to exceed expectations. Sodium battery has a large cost advantage. After industrialization in 2023, the global electrification rate will be accelerated. The equipment used in its production is similar to that of lithium battery, which is good for existing equipment companies. Focus on the recommendation of industry leader intelligence, Hangke technology, benefit from the target of the first benefit technology, Liyuanheng, slick.

Citic Securities said that A shares in the context of severe shocks, institutional capital flows continue to tighten. In terms of foreign investment, short-term panic selling is basically over, but there is no obvious return of overseas long-term funds, and overseas Chinese funds are facing continuous redemption pressure in the near future. In terms of domestic investment, according to the survey data of Citic Securities channels, the average daily net redemption rate of stock public offering products in July is 1.9 times that of June, although the structure of newly issued funds in growth style is hot, and the recent market fluctuations have led to a slight decline in the net redemption rate of stock funds, but considering the overall situation of new issuance and stock redemption, the net outflow of public offering institutions continued to increase in July compared with the second quarter. In terms of institutional positions, public offering continues to maintain its high position since June, and small private placement and hot money have continued the pace of substantial increase since the beginning of July. At present, the positions of mainland institutions are close to the higher level of Q1.