On June 6th, the Shanghai Composite Index hit a high of 6 124.04, and then entered a big A wave adjustment. At present, the stock index has quickly fallen back to 4778 points, that is, near the half-year line, and there has been an obvious bottoming signal. First of all, finance and real estate, the two most powerful sectors, have suddenly fallen sharply recently, which means a lot to make up for the decline. However, the relevant leading stocks are basically approaching the important support level, indicating that the compensatory decline is coming to an end, and the theme of local currency appreciation has stopped falling and rebounded, which is a big signal. Secondly, China Petroleum, as the largest heavyweight stock in Shanghai Stock Exchange, has gone out of the trend of "eight consecutive yin gaps" since it was included in the index in June 1 19, and plunged 7.32 yuan from 38.82 yuan to 3 1.5 yuan, and the fluctuation of its 3 cents affected the Shanghai Composite Index 1 point. If excluded from the calculation, in fact, this round of market only fell to 502 1 point, which is a technical double dip! It is in the process of accelerating bottoming, but active buying has begun to increase. The stop of the decline in Dinghai Shenzhen Stock Exchange will be another signal that the market has bottomed out. Third, on Thursday, the stock index ushered in a Jedi counterattack after four gaps appeared, and the unilateral trading volume of the Shanghai stock market exceeded 80 billion! After the panic, it is also one of the important bottoming signals that there are bargain-hunting funds actively taking over.

There are also signs of recovery in the news. 1. Recently, the "Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) (Draft)" was adopted in principle and will be implemented on June 5438+ 10/day, 2008. Analysts believe that the implementation of the new enterprise income tax law will be a big plus for the stock market. It is estimated that the income tax rate will be reduced to 25%, which will increase the profits of listed companies by 6%. The "Regulations" stipulate that resident enterprises that invest in listed companies for more than two years shall be exempted from tax, which will encourage long-term holding and play a positive role in stabilizing short-term fluctuations in the stock market. More importantly, this has triggered the imagination or expectation of reducing stamp duty. The across-the-board increase in stamp duty introduced by "May 30" may lead to changes in tax rates of different investment styles such as speculation or investment. I believe it can send the most positive and clear signal to the market, and the policy has bottomed out! Second, the market expects the introduction of the futures index timetable to stabilize the market sentiment fluctuations caused by uncertainty. After all, the blue-chip bubble has been squeezed almost. The Shanghai Composite Index fell rapidly from 6 124 at 10+06 to close at 1 19, with a total of 187 in both cities. According to the year-on-year growth rate disclosed in the semi-annual report and the third quarterly report of the Shanghai and Shenzhen 300 Index, the year-on-year growth rate in 2007 is expected to reach 50%, and its dynamic PE in June 5438+February 3, 2007 will be reduced to about 26.28 times, the valuation pressure will be gradually eased, and the security boundary will begin to appear. We believe that the introduction of the futures index timetable can play the best role in stabilizing market confidence.