On September 8th, the proportion of A-share stocks with a turnover rate below 3% fell to 67.39%, showing signs of slowing down from its high level since early September; the proportion of stocks with a turnover rate above 5% rose to 16.73%, gradually approaching the threshold level. Overall, the turnover rate has seen a continuous and moderate rebound, and it remains to be seen whether it can return above the threshold level.
-------- 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 that 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.
