Another day of losing money!!

$SentinelOne(S.US)hanghai Composite Index sh000001$ Today, the three major indices fell. Although the decline was not particularly large, the sectors and individual stocks were all in the red, with a widespread and severe drop. By the close, wow, there were more than 4,300 stocks falling, clearly indicating large funds were dumping individual stocks—another day of losing money.

From today’s post-market trend, it’s clear that ultra-large funds are deliberately supporting the broader market, determined not to let it fall. However, the market isn’t rising either, just hovering near short-term moving averages under tight control.

Take the Shanghai Index, for example. Today, it was weaker than the ChiNext, but it still fluctuated around the moving averages. Behind this is the result of major players firmly propping up the market.

Looking at sector performance, the top gainers today were mostly financial and cyclical sectors, while the biggest losers were thematic stocks, such as aquatic products, Hainan stocks, and duty-free concepts.

Although thematic stocks led the decline, clearly suppressed by major funds, these funds also prevented them from falling too sharply. It’s like "boiling a frog in warm water"—making the market and investors feel less pain while slowly letting individual stocks adjust and return to fair value.

Recently, A-shares have been oscillating near short-term moving averages, stuck in a prolonged consolidation. This consolidation is actually paving the way for a breakout, allowing A-shares to choose a new direction. So, it’s certain that a major breakout is imminent.

Additionally, the Beijing Stock Exchange surged today on rumors that it will switch to a market-cap-based IPO subscription system, where only those with existing holdings can subscribe. It’s currently in the testing phase, with an official launch expected by month-end. I think this is fairer—otherwise, many big players just park tens of millions and don’t trade, only subscribing to IPOs daily, leaving ordinary investors out.