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The Shanghai Composite Index of China's stock market closed up slightly on Tuesday. Analysts said that the narrow fluctuation above the closing position of the previous day and the lack of sustained active sector on the market, coupled with the uncertainties of the Central Economic Working Conference, the Fed's interest rate results and Huawei events, made the wait-and-see atmosphere strong and the turnover of Shanghai A shares hit a new low in nearly three years.
They also said that, technically, there is a demand for technical rebound after the market replenishes the gap jumped on December 3; if the rebound is weak, the Shanghai Composite Index will test the support strength of 2,520 points and 2,450 points downward. Short-term average system is short, so the probability of downward market is high.
The Shanghai Composite Index. SSEC closed at 259.409 points, up 951 points or 0.37%. Today's turnover of Shanghai A shares was 85.3 billion yuan, the lowest level since January 7, 2016 (79.6 billion yuan), "fused" market, and the previous day was 99.1 billion yuan.
"The market is still a weak rebound, and now there is no too obvious plate-driven, today there are signs of shrinkage, indicating that the wait-and-see atmosphere is relatively strong." Sun Wei, senior investor in securities in the new era, said.


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