⊙记者 刘伟○编辑 李剑锋

⊙ reporter liu wei ○ LiJianFeng editor

　　昨日，两市在资源股的带动下继续活跃。沪指连续四天上涨，虽然仅收出十字星，但交投的活跃激发市场人气。分析师认为，当前市场的性质依然是较为明显的超跌反弹，宏观经济层面仍需要密切观察，7月宏观数据将关乎反弹力度。

yesterday，Two city in resource shares continue to drive the active。HuZhi rise for four days，Although only accept a cross，But the active market trading stimulate popularity。Analysts believe，The nature of the current market is still relatively obvious super fall rebound，Macroeconomic level still need to closely observe，July macro data about efforts to rebound。

　　截至收盘，沪指报收于2160.99点，上涨3.37点，涨幅为0.16%；深证成指报收于9210.67点，下跌18.60点，跌幅为0.20%。两市总成交额为1253亿元，较前一交易日略微缩小。

By the closing，At HuZhi at 2160.99，Rose 3.37 points，0.16% increase；ShenZheng at ChengZhi at 9210.67，Down 18.60 points，Down 0.20%。Two city total turnover of $125.3 billion，The session is slightly narrowing。

　　昨日两市板块涨少跌多，有关美元走软或推动全球大宗商品价格上升的预期提振了资源类股，带动A股市场活跃。海峡西岸板块涨幅居首位，上涨1.74%。紧随其后的是青海板块，涨幅为1.12%。有色金属、稀缺资源板块涨幅居前，分别上涨0.68%和0.65%。

Two cities rose less yesterday plate falling，The dollar weakness or push global commodities prices rising expectations has boosted the resource stocks，Drive the a-share market is active。The west coast of the strait plate or at the top，Up 1.74%。Followed by qinghai plate，1.12% increase。Non-ferrous metal、Scarce resources plate or the first，Up 0.68% and 0.65% respectively。

　　市场做好了迎接经济数据的准备，尤其是通胀数据，昨日市场窄幅整理、小幅收阳。银泰证券分析师陈建华分析认为，“面临即将公布的7月份宏观经济数据，周三市场整体表现谨慎，尽管两市盘面上延续了前期个股活跃的局面，而成交量最终也并未明显萎缩，但从行业表现情况看其分化迹象明显，显示资金对后期市场仍缺乏足够信心，投资者在指数运行趋势的判断上存在较大分歧。”

Market prepared for economic data of preparation，Especially the inflation data，Yesterday a narrow range of market consolidation、Small accept Yang。The intime stock analysts think ChenJianHua analysis，“Released in July to face the macro economic data，On Wednesday the market performance cautious，Although two cities on the disk surface continued the individual stocks active situation，And finally, the volume of not obvious to atrophy，But from the industry performance see its differentiation obvious signs，Display funds to market still lack confidence later，Investors in the index of the trend in judgment run large differences。”

　　当前行情依然呈现较为明显的超跌反弹性质。无论是从近期领涨的板块，还是从市场当前所处的环境分析，均不难做出这种判断。从领涨的板块看，强周期股的反弹成为近期沪深指数上行的主要原因，在基本面依然缺乏有力支撑的情况下，强周期股的上涨无疑更多体现为超跌反弹性质；从市场所处的环境看，当前不管是政策面还是实体经济层面同样均缺乏足够的积极因素出现，这也决定了A股依然难以走出反转行情。

The current market is still present obvious super fall rebound properties。Whether from the recent rise of the plates brought，Or from the market at this environment analysis，Are not difficult to make this judgment。Brought up from the plate look，Strong cycle strands of recent rebound become shenzhen index is the main reason for the upward，In the fundamentals are still lack of strong support，Strong cycle shares rise reflects undoubtedly more for super fall rebound properties；From the market's circumstances look，The current whether policy entity economy level are the same or lack of enough positive factors appear，It also determines the A shares still cannot get reverse market。

　　对于后市，分析师认为反弹力度主要在于7月数据的好坏。较谨慎的分析师表示，除非放松货币政策以应对预期中的通胀放缓情况，否则，未来几个交易日上证综合指数的涨幅可能有限。申银万国分析师钱启敏表示，技术性反弹依然是市场的主题，由于投资者在数据公布前保持谨慎，市场交投减缓。陈建华分析指出，“我们认为短期看若周四公布的经济数据能进一步提供经济企稳的线索，加上资金持续压抑的做多热情的释放，A股或仍有继续上行空间，周期性板块的上涨将为市场提供动力；反之则沪深指数整体仍将维持弱势，即便出现反弹，更多也将以结构性行情的性质呈现。”

For market outlook，Analysts think rebound strength lies mainly in the July data is good。A cautious analysts said，Unless loose monetary policy in response to the slowdown in inflation expectations，otherwise，The next few trading day of the Shanghai composite index rise may be limited。Shenyin &wanguo analysts QianQiMin said，Technical rebound still is the theme of the market，As investors in the published data before to remain cautious，Market delivers slow。ChenJianHua analysis，“We think the short term if economic data released on Thursday to provide economic further stabilising clues，Add money continue to suppress the release of more of the enthusiasm to do，A shares or there are still move up space，The periodic plate rise will provide the market power；Otherwise, the whole shenzhen index will remain weak，Even if rebounded，More also will be structural nature of the market is presented。”