两市昨日呈现冲高回落走势。股指开盘后保持窄幅震荡走势，上午10点半后沪指一度在有色金属、煤炭、券商等板块加速拉升的带动下上攻至五日线附近。午后沪指一度突破五日线，但做多动能未能保持，随后地产、券商、水泥等各板块持续下行，沪指一路走低跌破2130点一线再创近40个月以来新低。其中地产板块跌幅第一成为做空主力，两市成交量较昨日略有放大。

Two city yesterday at present high back movements。Stock index trading keep defined range bound movements，At half past ten in the morning after HuZhi once in non-ferrous metal、coal、Brokers sectors such as accelerated pull litre driven by the attack on to 5, near line。HuZhi once five days afternoon break line，But do not keep more kinetic energy，Then the real estate、brokers、Cement and so on various continues to the downside，HuZhi dropping below 2130 points create a line nearly 40 months the lowest since。The real estate sector of the first decline become do regular empty，Two city volume is a slightly magnified yesterday。

　　截至收盘，沪指报2126.00点，下跌10.15点，跌幅为0.48%，成交449亿元；深成指报9081.90点，下跌73.44点，跌幅为0.80%，成交515亿元。

By the closing，HuZhi quote 2126.00 points，Down 10.15 points，Down 0.48%，44.9 billion yuan clinch a deal；Shenzhen composition index reported 9081.90 points，Down 73.44 points，Down 0.80%，51.5 billion yuan clinch a deal。

　　昨日上市4只创业板新股表现迥异，N科恒大涨52.4%，盘中三次被临时停牌，N麦迪涨10.77%，N天银、N开元仪双双破发，跌幅分别为6.35%和4%。截至收盘，两市有东莞控股(000828,股吧)、广东明珠(600382,股吧)等8只个股涨停，28只个股涨逾5%，约8成个股飘绿。

4 only new shares listed yesterday gem performance is different，N secco constant rose 52.4%，Pan is temporarily suspended three times，N McGrady rose 10.77%，N day silver、N is subordinated to both break，Losing 6.35% and 4% respectively。By the closing，Two city have the dongguan holdings(000828,Shares it)、Guangdong pearl(600382,Shares it)8 individual stocks only harden，Stocks up more than 5% only 28，About eight into stocks wave of green。

　　对于昨天的大盘来说，主要受以下几方面的制约：

For the grail for yesterday，Mainly by the following respects restriction：

　　首先，无论是希腊脱离货币联盟还是西班牙债务流感，一种不安的情绪始终伴随欧元区左右。国际评级机构穆迪24日宣布，将欧洲金融稳定基金(EFSF)的“3A”评级的展望从稳定下调为负面。同时，西班牙的借贷成本也因市场猜测该国可能全面求援而大幅飙升。欧债危机始终是市场的一颗定时炸弹。

first，Whether Greece from monetary union or the Spanish debt flu，A kind of anxiety about the euro area always accompany。International credit rating agency moody's 24 announced，Will the European financial stability fund(EFSF)of“3 A”The prospects of the rating from stable to negative cut。At the same time，Spain's borrowing costs for speculation and the country might be fully for help and has soared。The debt crisis is always the market time bomb。

　　其次，大赛魔咒再次笼罩着市场。本周五，4年一届的奥运会将拉开帷幕。

second，Competition spell hangs over the market again。Friday，4 the Olympic Games will be unveiled。

　　再次，从目前市场技术上来看，大盘处于极度弱势的状态，连续三个交易日市场在前期低点附近展开小幅震荡整理的走势，如果市场不能快速向上拉升的话，那么再创新低，也是必然的事情了。

again，From the current technology to market，Grail in extreme vulnerable to the state，Three consecutive trading day in previous low market near a concussion on the trend of the arrangement，If the market can't rapid upward pull litre words，Then reached a new low of，The thing is inevitable。

　　最后，强势股补跌不彻底。强势股补跌向来都被看做阶段跌势的中止信号，而从目前市场的情况来看，强势股不仅未出现集中补跌的现象，且其补跌程度还不及2132点那时。统计显示，自7月份以来，申万餐饮旅游、农林牧渔、食品饮料及医药生物指数不跌反涨，期间累计上涨5.37%、4.53%、3.38%及2.45%；同期上证综指则下跌2.72%。

finally，Strong shares fall for not thoroughly。Strong shares fall for always be regarded as stage suspension of declines signal，And from the current market situation，Not only does not appear on the strong shares for the phenomenon of the fall，And the fill fell 2132 points at that time is less than the degree。Statistics show that，Since July since，"All restaurant tour、Farming, forestry, fishery、Food and beverage and pharmaceutical biological index fell the rise not，Period has risen by 5.37%、4.53%、3.38% and 2.45%；The Shanghai composite index was down 2.72% in the same period。

　　此外，虽然A股上周连续第5周下跌，但股票和基金的开户情况却有所回暖。不过，A股空仓账户比例首度超过66%，显示市场心态依然不稳。

In addition，Although A shares for the fifth consecutive weeks down last week，But stocks and funds to open an account of the case is to thaw。but，A shares empty warehouse account for the proportion is more than 66%，Display market mentality still instability。

　　截至上周末，A股持仓账户数为5645万户，较上周减少7.17万户，比例下滑至33.96%，创历史新低。沪深两市共有A股账户1.69亿户，B股账户252.75万户；有效账户1.38亿户。

By last weekend，A number of open account for 56.45 million homes，A decrease of 71700 households last week，Proportion fell from 33.96% to，Historic low rate of。Shenzhen two city were A account of 169 million，B shares account of 2.5275 million；Effective account of 138 million。

　　证券时报网 东方早报

Securities times nets Oriental morning post