The main caution has led to a high volatility in the stock market

At the beginning of May PMI and other data released after the main market has shown great enthusiasm, but in the last week's April economic data released, the main cautious mood again increased, the market also showed high volatility trend.　　Analysts say the likelihood of future market adjustments is growing in the absence of a clearly sustained hot spot.　　Joy and worry data aggravating the main cautious mentality last week a-share market showed a pattern of contraction shocks, the big market week rose close to 1%, but the turnover was significantly reduced than the previous week, the Shanghai trading in the whole week 669.918 billion yuan, Shenzhen, the weekly turnover of 354.119 billion yuan. According to the financial "fast Win" (QuickWin) classified account statistics, Last week, the main trading in Shanghai 511.657 billion yuan, which inflow of 252.819 billion yuan, outflow of 258.838 billion yuan, net outflow of 6.019 billion yuan, retail transactions 156.471 billion yuan, which inflow 79.656 billion yuan, outflow 76.815 billion yuan, net inflow of capital 2.841 billion yuan.　　The main trading volume of Shenzhen is 243.278 billion yuan, of which inflow of 120.709 billion yuan, outflow of 122.569 billion yuan, net outflow of 1.86 billion yuan, retail transactions 108.945 billion yuan, which inflow 54.042 billion yuan, outflow 54.903 billion yuan, net outflow capital 861 million yuan. The market capital appears the net outflow state, this shows the current market main force's wait-and-see mentality. For this market situation, some insiders believe that this year, the market has been such a feature, namely: macro-economic data before the market rise, release phase of the market shocks, after the release of the market decline.　　This trend shows that the main players in the operation of the economic data dependence is very high, in view of the current economic data has been released, coupled with the April economic data is difficult to say optimistic (output, industrial value added to decline, export data year-on-year decline), so the market risk is gradually increasing over the next period. Blue chip is still the main choice from the industry, concept plate capital flow, according to the financial "fast Win" (QuickWin) data show that the industry plate, last week, the net inflow of more of the plate brokerage, medicine, non-ferrous Metals, communications and paper printing, respectively, net inflow of 1.49 billion yuan, 1.185 billion yuan, 786 million yuan, 552 million yuan and 454 million yuan, the net outflow of more plate is computer, automotive, chemical fiber, steel and instrument electrical instruments, respectively, net outflow of 703 million yuan, 696 million yuan, 652 million yuan, 637 million yuan and 578 million yuan. In terms of the concept plate, the net inflow more plate has the big cap stock, the scarce resources, the fund heavy storehouse, shares the finance and the new shares and so on concept stock, respectively net inflow 4.023 billion yuan, 1.488 billion yuan, 1.161 billion yuan, 1.14 billion yuan and 843 million yuan, the net outflow is more is the plate stock, the small stock, the whole listing, Social Security heavy warehouse and new energy concept stocks, respectively, net outflow of 1.544 billion yuan, 1.3 billion yuan, 1.235 billion yuan, 11.4500 million yuan and 923 million yuan. From the above industry plate capital trends, the early days by the main popular non-ferrous metal plate, although still appear in the capital net inflow of strong list, but inflow has been significantly reduced. It's also worth noting that the real estate and banking sector, which showed up in the previous week, did not appear on the list of strong performers last week. Look at the concept plate, large stocks and fund stocks again both appear in the strong list, while the middle and small stocks in the weak list occupies two seats. Analysts pointed out that last week's market funds in various types of plate performance, the current main force has more focus on the weight of stocks, participation in small and medium-sized stock speculation will not be strong.