On September 3rd, the proportion of A-share stocks with a turnover rate below 3% further decreased to 68.22%, indicating a slowdown in the upward trend and signs of a pullback since the beginning of the week. The proportion of stocks with a turnover rate above 5% rebounded to 15.87%, ending a ten-day consecutive decline, but still remaining below the threshold level. Overall, the turnover rate has temporarily stopped falling, but whether it can break the downward trend since July remains to be seen.
-------- Note: 1. When the proportion of stocks with a turnover rate below 3% rises to near a medium-to-long-term high, especially near historical highs (dashed line in the chart, representing a reversal trend), it means the market is likely to encounter a temporary low point, making a reversal or rebound likely.
2. When the proportion of stocks with a turnover rate above 5% remains above the threshold (dashed line in the chart), a strong profit-making effect will emerge in the market, making the market trend sustainable. During a bull market, this indicator will remain consistently above the threshold, leading to a broad-based market rally; while during a bear market, this indicator is mostly below the threshold, and occasionally exceeding the threshold should be viewed with caution due to the risk of a pullback after a surge.
