Turnover in A-shares market reaches a new high in over 3 months, market is expected to form an upward trend.
On July 11th, the A-share market rose sharply before falling back, with the Shanghai Composite Index briefly reaching 3550 points, hitting a new high for the year. Non-banking financial, computer, and steel industries led the market. Trading volume was high, reaching 1.74 trillion yuan, the highest in over 3 months. Analysts believe that the Shanghai Composite Index has been steadily rising recently, indicating a rebound trend. The trading volume is steadily increasing and will continue to attract incremental funds into the market, leading to a slow upward trend in the market.
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