In the early trading session,the index once fell below 700 points,setting a new historical low,but rebounded in the afternoon as the overall market recovered,with the Northern Securities 50 Index experiencing a "roller coaster" trend during the day.

On the morning of June 26th,the market was volatile and differentiated,with the Northern Securities 50 Index opening low and reaching a low of 699.69 points during the session,a new historical low.Subsequently,as the three major indices turned red in the afternoon,the Northern Securities 50 also rebounded strongly.By the close,the index closed at 717.92 points,with a gain of 1.76%,and 90% of the 50 constituent stocks closed higher,with Flowing Gold Technology surging more than 12%.

Led by this,the overall market of the Beijing Stock Exchange also showed a clear recovery.By the close on the 26th,more than 80% (209 stocks) of the 249 stocks listed on the Beijing Stock Exchange closed higher.However,the market turnover was still less than 3 billion yuan,with a total turnover of 2.959 billion yuan for the day.

Since May 24th,with the start of this round of adjustments in the Shanghai and Shenzhen markets,the Northern Securities 50 has continued to decline.Data from East Money shows that by the close on June 26th,the cumulative drop of the Northern Securities 50 Index during the same period was close to 11%.

"After a sharp decline,some bottom-fishing funds entered the market to seize short-term opportunities,and the index successfully recovered above 700 points and rebounded," said Zhou Yunnan,founder of Beijing Nanshan Investment,to reporters from First Financial Daily.Although there have been "30CM" limit-up stocks in the recent Beijing Stock Exchange market,and some individual stocks have achieved three consecutive limit-ups,market confidence remains weak,and the blue-chip sample stocks of the Northern Securities 50 continue to adjust,with the market waiting for opportunities for a rebound from an oversold position.

The Northern Securities 50 broke below the 700-point threshold during the session

After the market's continuous shock and adjustment,on the morning of the 26th,the Northern Securities 50 lost the important threshold of 700 points,once falling to 699.69 points during the session,the lowest point since the index was established.

In the afternoon of that day,driven by the rebound of the three major indices,the Northern Securities 50 rose by more than 1%,with a closing increase of 1.76%,closing at 717.92 points.Only 4 of the 50 constituent stocks fell,with Flowing Gold Technology rising 12.42% at the top,Guangdao Digital rising by more than 6%,and Digital Human and Shuguang Shu Chuang rising by more than 4%.

Data from the official website of the Beijing Stock Exchange shows that on the 26th,the Northern Securities 50 had a total trading volume of 325 million shares for the day,with a turnover of 2.956 billion yuan.On the overall market of the Beijing Stock Exchange,the cumulative turnover of the 249 stocks was 2.959 billion yuan,with a total trading volume of 326 million shares.

Although the index rebounded strongly,there was no significant increase in volume on the Beijing Stock Exchange market.In the first two trading days of this week (June 24th to 25th),the turnover of the Beijing Stock Exchange was 3.134 billion yuan and 3.023 billion yuan,respectively,with trading volumes of 338 million shares and 323 million shares,respectively.Since last week,with the market adjusting again,the Northern 50 has fluctuated downwards,recently experiencing two single-day drops exceeding 2%.

Last Thursday (June 20th),as the Shanghai Composite Index approached 3,000 points,although there were two stocks in the Beijing Stock Exchange market,Gelie and Li Fang Holdings,that bucked the trend and achieved a "30CM" daily limit up,they failed to drive an overall market recovery.The Northern 50 closed down 2.62% on that day.

This Monday (June 24th),the three major A-share indexes collectively fell by more than 1%,with small and medium-sized stocks generally declining.The Northern 50 fell 3.73%,closing at 703.35 points,and slightly rose by 0.3% the next day.

Zhou Yunnan believes that,judging from the recent trend,the Northern 50 Index has not broken through the market law of "a long consolidation must lead to a drop." Although there have been multiple "30CM" daily limit-ups in thematic stocks recently,and even a rare three consecutive limit-up boards,they still cannot salvage market confidence and enthusiasm,nor can they resist the continuous adjustment of the blue-chip sample stocks of the Northern 50.Eventually,on the morning of the 26th,it broke through the 700-point threshold for the first time.

"However,after the sharp drop,some bottom-fishing funds entered the market to seize short-term opportunities,and the index successfully recovered the 700-point mark and launched an active rebound," he said,adding that the market is watching whether the Northern 50 can achieve a super rebound.

Can the strong rebound continue?

However,despite a wave of fluctuating downward movement,the overall trading activity of the Beijing Stock Exchange has picked up.

According to statistics from Galaxy Securities,last week (June 17th to 21st),the average daily turnover of the Beijing Stock Exchange was about 3.344 billion yuan,a significant increase from the previous week's 2.542 billion yuan.The total turnover last week was 16.721 billion yuan,and the trading volume was 1.717 billion shares,which increased by 64.48% and 79.11% respectively compared to the previous week.

The trading activity has also picked up,with the turnover rate of the Beijing Stock Exchange last week rising to 15.39%.

In terms of news,there have been multiple positive factors in the Beijing Stock Exchange market recently.In the aspect of listing review,the IPO process of the Beijing Stock Exchange (BSE) has essentially returned to normal operation.

On June 17th,after a four-month hiatus,the BSE's listing committee meeting was resumed,with Chengdu Chengdian Optoelectronic Technology Co.,Ltd.successfully passing through; a few days prior,on June 21st,after a three-month pause,the acceptance of new listings by the BSE was also reopened,with the exchange accepting the listing applications of Chuangzheng Electric Co.,Ltd.and two other companies on that day.

Yu Wei,an expert from the Economic Development Working Committee of the China Well-off Society Construction Research Association,previously stated to reporters that the BSE's two listing committee meetings within four days and the acceptance of three new company IPOs indicate that the listing review and issuance at the BSE are gradually returning to a normalized schedule.

Regarding fund products,according to public information,recently,Xingye Wealth Management's first financial product invested in companies listed on the BSE - Xingye Wealth Management Fuli Xingcheng Hongjing Day Open No.1 Mixed Financial Product was officially launched,following the Dongcai North Certificate 50 Index Fund as another fund financial product investing in the BSE market.

"Capital is gradually entering the market," said Zhu Haibin,General Manager of the BSE Research Center at Kaiyuan Securities,in his analysis.

Under multiple favorable conditions,whether the BSE market is expected to rise again has been highly anticipated by the market.

"Recently,the North Certificate 50 sample stocks have continued to decline,especially some star blue-chip stocks that have continued to fall significantly,dragging the North Certificate 50 step by step towards 700 points," said Zhou Yunnan in his analysis.

Regarding the future performance of the BSE market,Fan Xiangxiang,an analyst at Galaxy Securities BSE,believes that the trading heat of the BSE has slightly decreased from the beginning of the year,with the average daily transaction volume shrinking from the ten billion level to around three billion yuan,but the sector turnover rate is still relatively active.

"With the steady progress of new stock issuance,looking forward,we believe that the sector as a whole is expected to fluctuate upwards," said Fan Xiangxiang.For the second half of the year's BSE sector investment,he suggests focusing on companies with a solid foundation and belonging to the new quality productive forces in the technology growth category.He also recommends paying attention to state-owned enterprises with stable operations on the BSE,as well as companies with a good continuous profitability and high dividend yield.