The three major A-share indices staged a dramatic divergence, with the Shanghai Composite Index slightly down by 0.05%, the Shenzhen Component Index slightly lower by 0.08%, and the ChiNext Index leading the trend with a rise of 0.32%. The total transaction volume of the Shanghai and Shenzhen markets slightly increased by 9 billion yuan to 325 billion yuan, reflecting an overall atmosphere of caution and low activity in the A-share market, indicative of the prudent sentiment among retail investors.

In terms of individual stocks, there was a spring-like vitality with gains taking the lead, as over 3,000 stocks turned green, while only 1,982 stocks were eagerly waiting to rise, demonstrating the enduring vitality within the A-share market. The battle to defend the 2,700 point level for the Shanghai Composite Index has begun, raising the question of whether the new Shanghai Composite Total Return Index, referred to as the new Shanghai Index, will lose the 3,000 point level.

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Today's popular sectors in the stock market underwent rapid changes, with the Hainan Free Trade Zone sector taking the lead and setting the trend, as Kangzhi Pharmaceutical, Hainan Ruize, and other stocks jointly hit the daily limit, painting a picture of a daily limit boom.

The new energy and photovoltaic concepts, which regained strength this week, followed closely, with Haiyuan Composite Materials, Suzhou Good-Ark Electronics, and other stocks showing strong growth, and Zhonglai Shares even surging more than 10%, illuminating the new energy track.

With the launch of Huawei's foldable phone, the Huawei industry chain also continued to show vitality, as Huayin Technology bravely achieved four consecutive daily limits, with Changshan Beiming and other stocks following closely, all hitting daily limits, highlighting the appeal of consumer electronic technology leaders.

However, the insurance company sector led the decline in the Shanghai and Shenzhen stock markets.

A large number of high-priced stocks fell into silence, with Cosun Technology, Laobaixing, Shanghai Jiu Bai, and Liuchuang Electronics, among others, suffering daily limit declines, while Tianmao Group and Dazhong Transportation saw their declines approach the daily limit.

The liquor sector felt the chill, with Rock Shares leading the decline, and famous liquor companies such as Kweichow Moutai, Gujing Gongjiu, and Wuliangye were also unable to escape the fate of falling, prompting a sigh of the market's unpredictable nature.Stock Market Trend Analysis: Has the Stock Market Hit Bottom? How Far Away Is the Start of a New Bull Market in A-Shares?

As the old Shanghai Composite Index approaches 2,700 points, setting a new low for the stock market adjustment, stock market fans are asking me: Will the Shanghai Composite Total Return Index break below 3,000 points?

Financial Insider has noticed that the Shanghai Composite Total Return Index, which has been publicly disclosed in real-time as the "new Shanghai Composite Index" for nearly two months, has already fallen to 3,018 points, just a stone's throw away from the psychological barrier of 3,000 points.

I believe it is almost inevitable that the new Shanghai Composite Index will break below 3,000 points, but this also means that the current stock market adjustment is nearing its end, and the stock market bottom is about to arrive.

Some retail investors who are not familiar with the operating rules of the securities market have been misled by securities analysts and stock commentators who do not understand the Chinese stock market, believing that the current turnover of less than 500 billion yuan in the Shanghai and Shenzhen stock markets is the bottom of the A-share market. This idea is very dangerous.

In many stock market analysis articles, Financial Insider has educated fans of Financial Insider who are interested in the financial market that the current stock market bottom must be a "sharp bottom" formed by a significant drop in volume, and there will no longer be a "low volume, low price" rounded bottom.

Therefore, what we need to wait for now is the last wave of significant volume decline in the A-share market.

Even the spectacular scene of "thousands of stocks hitting the limit down."

The index points that retail investors care about are not actually important in this process of rapid decline with significant volume. Whether it is 2,650 points, 2,600 points, or 2,550 points of the Shanghai Composite Index, they will only last for a very short time. For value investors like Financial Insider, the index points of the overall market are not a concern at all.