Galaxy Securities: It is expected that the market will continue to operate in a high central range in August, focusing on structural allocation opportunities.

Galaxy Securities research report indicates that the recent market trend is positive, with the Shanghai Composite Index hitting new highs multiple times this year. This round of market trend is driven by both liquidity and market expectations, with margin financing balance continuously rising since the end of June, exceeding 1.9 trillion yuan. At the same time, the upward trend in the stock market has led to the spreading of the wealth effect, forming a positive feedback loop. In the future, attention should be paid to the support level near key points, with the market expected to maintain a high volatility trend in August, focusing on structural allocation opportunities.