A-share oversold recovery! Micro-cap index rose nearly 5%, more than 4,100 stocks rose. Analysts warned: Beware of another sell-off after the holiday

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Investing.com - On Friday, June 7, the A-share market rose and fell throughout the day, and rebounded in the late trading. Small-cap stocks rebounded strongly, and the micro-cap stock index rose by nearly 5%.

As of the close, the Shanghai Composite Index rose 0.08% to 3051.28, the Shenzhen Component Index fell 0.9% to 9255.68, the ChiNext Index (price) fell 2.17% to 1781.07, and the China A50 Futures Index fell 1.12% to 12394 points before the deadline.

Overall, more stocks rose than fell, with more than 4,100 stocks rising and more than 1,100 stocks falling in the market. The turnover of the Shanghai and Shenzhen stock markets today was 716.8 billion, a decrease of 129.1 billion from the previous trading day.

On the market, low-priced stocks rebounded collectively, *ST Baan, Huawen Group, China Travel United, Zhongke Cloud Network and other stocks hit the daily limit. Lithography machine concept stocks rose in the morning, Guolin Technology and Xinlai Materials rose by more than 10%. Real estate stocks strengthened in the afternoon, Beijing Energy Real Estate, Ningbo Fuda, and Guangdong Hongyuan A hit the daily limit.

On the downside, computing power concept stocks collectively adjusted, and Industrial Foxconn fell by more than 5%.

Guo Yiming, an analyst at Jufeng Investment Consulting, believes that for the market, although the European Central Bank's interest rate cut has increased the Fed's expectations for a rate cut, it is difficult to say that the easing cycle is coming before the Fed cuts interest rates. At present, the domestic fundamentals are not repaired strongly, and the driving force for the boost is still missing. With the end of this round of valuation repair and the emergence of market concerns under the delisting trend, the overall center of gravity may continue to fall. In the short term, the market may have a small stage of repair after being appeased, but after the Dragon Boat Festival, it is still necessary to guard against the possibility of another sell-off when the index falls in resonance.