The total market capitalization of the Shanghai Stock Index is 46.08 trillion. High dividend stocks, which have been hyped since last year, have been warmly pursued by the market. As of yesterday, the market value of the banking sector is 11.8 trillion; the market value of the oil and gas sector is 4.72 trillion; the market value of the power sector is 3.23 trillion; the market value of the home appliance sector is 2.32 trillion, the market value of the coal sector is 1.93 trillion, the market value of the liquor sector is 3.32 trillion; the market value of the insurance sector is 2.31 trillion.

The total market value of these seven high dividend sectors is 29.83 trillion, accounting for 64.7% of the Shanghai Stock Index. Apart from Midea and Gree in the home appliance sector, most of the other stocks are in the Shanghai Stock Index. These high dividend stocks have all seen significant increases, and logically, the Shanghai Stock Index should have risen sharply.

Regrettably, the significant increase in high dividend stocks has not driven the Shanghai Stock Index up, but rather seems to make the pressure at 3000 points increasingly heavy. As of yesterday, only 726 A-shares have risen this year, while there are as many as 4557 stocks waiting to rise. The CSI 300 ETF has had eight consecutive days of gains, yet the Shanghai Stock Index cannot even reach 3000 points.

Before the hype of high dividend stocks in A-shares, especially before the large batch of new listings, it was very normal for the trading volume to break through one trillion. Nearly 2000 new stocks have been listed in the past five years, but the trading volume has fallen from one trillion all the way down, and now it is difficult to even reach 70 billion. Have all the investors in our market become "patient capital"?

Now, most of the time in A-shares, there are more than 3000 stocks waiting to rise. After the market opened last night, there were only more than 300 red plates at the lowest point in A-shares. Li Bei said at the beginning of this year that A-shares would usher in an unprecedented bull market! Unfortunately, A-shares did not usher in any bull market, but the index of the neighboring house has quietly reached 80,000 points. Li Bei has not even shown his face for several months now. I don't know if he was scared by the bull market?

Since 3000 points are often criticized by the market, is there any way to let the Shanghai Stock Index quickly get rid of 3000 points? There are always more solutions than difficulties. Starting from July 29, the brand-new Shanghai Composite Total Return Index real-time quotes will be released. It's a pity that it would have been better if it had been released earlier. Now, high dividend stocks are all at high levels, and I don't know if it will affect the rise of this index.

The rise of nearly 65% of high dividend stocks has not allowed the Shanghai Stock Index to stay away from 3000 points. In the first half of this year, the Central Huijin Investment Ltd., the Central Huijin Investment Co., Ltd., and the Social Security Fund have achieved an overall return rate of 13.4%, which is a profit amount of 530 billion yuan. This is not only an astonishing number, but also an accurate layout of the "national team" in the capital market. It seems that the investment of the national team is indeed extraordinary. The best performing stocks this year are high dividend stocks.

However, high dividend stocks have already reached a high level, and both the coal and home appliance sectors have shown obvious signs of heading. The highest point of the coal sector this year is 11,861.71 points, and yesterday's closing index is 9,678.89 points, with an index decline of 2,182.82 points, a decline of 18.4%.

China Shenhua is expected to see a decline in performance of 8.1 to 14.1% in the second quarter; Shanxi Coking Coal is expected to decline by 50% to 62% in the second quarter; Lu'an Huaneng is expected to decline by 55.63 to 61.29% in the second quarter. The stock price has also fallen from the highest of 28.58 yuan this year to yesterday's closing price of 16.07 yuan, which is a bit scary.

The highest point of the home appliance sector this year is 16,217.67 points, and yesterday's closing index is 14,186.99 points, with an index decline of 3,080.66 points, a decline of 17.8%. Midea Group's highest price this year is 72.99 yuan, and yesterday's closing price is 63.99 yuan; Haier Smart Home's highest price is 33 yuan, and yesterday's closing price is 26.87 yuan; Gree Electric Appliances' highest price is 43.83 yuan, and yesterday's closing price is 39.36 yuan.It can be seen that, as high dividend sectors, coal and home appliances have already shown a clear topping phenomenon, which is undoubted. The outcome of institutions' group speculation on high dividend stocks is usually not very good. Look at the liquor, pharmaceuticals, photovoltaics, and lithium batteries that institutions used to group together, all of which were left in a mess after speculation.

The above is only my personal opinion and is not intended as investment advice. Please act at your own risk and bear the consequences of any gains or losses.