Important shareholders of A shares cashed in 300 billion yuan. Why don't investors believe in bull market?

The Shanghai and Shenzhen A-shares finally calmed down: the Shanghai Composite Index opened lower, falling nearly 2% and falling below 3,400 points. Of the six A-share indexes, only the Growth Enterprise Market rose, but the overall trend was not ideal, with a slight increase of 0.74%. However, from the perspective of volume, the volume is still very hot, and the total volume of Shanghai and Shenzhen stock markets is still as high as 16 125 billion yuan.

Wind data shows that since July, 132 listed companies have issued shareholder reduction plans, and the skyrocketing brokers have become the main targets of reduction. Brokers such as Guotai Junan, Huaan Securities, Nanjing Securities and First Venture all disclosed plans to reduce the holdings of important shareholders. In addition to reducing their holdings of active stocks, the national team also frequently reduced their holdings of blue-chip stocks. On the evening of July 9, PICC announced that the social security fund intends to reduce its holdings by no more than 884 million shares. According to the latest closing price, the total cash reduction of social security funds will be as high as 6.75 billion yuan. At the same time, large state-owned funds also concentrated on disclosing their reduction plans. Dinghui Technology, Big Dipper and Taiji Industry have successively announced that the National IC Industry Investment Fund intends to reduce its shares by no more than 2%, 1% and 1.5% of the total share capital respectively. According to the latest closing price, the total cash outflow of large funds exceeds 8.75 billion yuan.

In sharp contrast to the crazy reduction of A-share shareholders, individual investors and leveraged funds flooded into the market. Since July, the enthusiasm of individual investors to enter the market has been constantly stimulated, and the online accounts of various brokers are overcrowded and there are long queues. According to the Securities Times, on July 6, the number of accounts opened by a brokerage in North China was twice that of last Sunday. Coupled with the demand accumulated over the weekend, the number of new accounts opened on July 6 is about three to four times that of last week. In the stock market, some people cashed out and some people bought tickets crazily. However, this time, one of the opponents of long-term funds is the sharp decline of industrial capital, then? Eliminate major shareholders? Once became a joke.

As ordinary investors, what should we think? For ordinary investors, the best way at present is not to fully enter the market, but to maintain a cautious and optimistic wait-and-see attitude and conduct a certain degree of band operation, instead of racking their brains to enter the market, or even to increase leverage through capital allocation. At present, there are still some uncertain risks in the whole market, and it is undoubtedly a very risky thing to increase leverage in the case of uncertain risks. Therefore, the best way for investors is to treat the whole capital market with a more cautious attitude.