[Agency says the cost-effectiveness of A-share allocation continues to improve] October 23rd, the A-share market has continued to adjust recently, but positive signals continue to appear, stock ETF funds continue to enter the market, many listed companies have repurchased or increased their holdings, and many listed companies have forecast substantial growth in third quarter performance. Analysts believe that after continuous adjustments, the early chip pressure has been concentrated and the allocation cost-effectiveness has improved after the valuation correction, and the market has limited space for further adjustments. With the active intervention of medium and long-term funds, the market will gradually stabilize. As market sentiment improves and volume increases, stock market valuations are expected to recover accordingly. (China Securities Journal)