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8月份上证综指累计下挫4.97%,并在8月9日一度下探至2437点。A股市场之所以如此疲软,与股市资金大幅流出密切相关。统计显示,8月份沪深两市合计净流出资金高达818亿元,成为当月A股市场下行的重要推手。一边是大资金的大举出逃,另一边却出现了市盈率等多个指标接近历史底部的现象。专家认为,在A股缺乏上涨预期但估值上又具备一定安全边际的情景下,预计未来将继续维持弱势震荡的格局,只有交易机会而缺乏趋势机会,高抛低吸的“试错法”将成为市场操作的主导方式。
The Shanghai Composite Index dropped 4.97% in August and plunged to 2437 on August 9. A-share market is so weak, and the stock market capital outflow is closely related. Statistics show that in August the total net outflow of funds in Shanghai and Shenzhen amounted to 81.8 billion yuan, becoming the month of A-share market down an important promoter. One side is large-scale capital flight, on the other side there have been multiple indicators such as price-earnings ratio close to the bottom of history. Experts believe that under the scenario of a lack of expected rise in A-shares and a certain margin of safety in valuation, it is expected that the pattern of weak and turbulent shocks will continue to be maintained in the future. Only transaction opportunities and the lack of trend opportunities will lead to a “trial and error” "Will become the dominant way of market operation.