Chapter 215: Shanghai Stock Exchange
The Shanghai Composite Index, which had fallen for three consecutive days, finally rebounded on the last day of the week, with a trading volume of 162.1 billion, an increase of 0.88%, and closed at 2331.95 points.
For the whole week, although the Shanghai Composite Index started with three consecutive declines, thanks to today's performance, it also rose in a shrinking volume this week, achieving a 0.24% increase within a week, with two consecutive positive lines on the weekly line.
The ChiNext Index ended the week with a 2.3% increase, successfully surpassing the 1,500 point mark and finally closing at 1,524.12 points.
The adjustments in the two market indices did not meet Gu Junhao's expectations, but Gu Junhao always believed in his judgment. There are only four trading days this week.
If it had been five normal trading days, it would have been hard to say. Today, most of the stocks in the two markets are in a shrinking market, and the upward attack has obviously felt a bit weak.
In Gu Junhao's view, adjustments will definitely come, and not too late.
However, there are not many adjustments this week, which is a good thing for Gu Junhao who is about to go to Shanghai Stock Exchange at the weekend. Gu Junhao can attend the exchange meeting with a higher attitude.
The scale of 69 million is obviously different from that of 70 million; as for this week's earnings, it is entirely due to Yin Zhijie.
Among the four holdings, although Dongfang Wealth rose today, it still maintained the trend of a weekly cross-negative line this week, just like Xibu Securities.
Wanan Technology rose 0.69 percentage points this week, and its stock price trend is still very sluggish. Yinzhijie surged 16.32% this week, contributing huge profits to Junshi No. 1.
As of the close of September 12, Junshi No. 1 ended this week's trading with a market value of 60.7164 million yuan and a cash flow of 11.5 million yuan. Its overall scale exceeded 70 million yuan, reaching 72.2164 million yuan.
Compared with last week, the profit increased by 3.2 million yuan, continuing to grow steadily at a weekly rate of nearly 5%, and the net value of Junshi No. 1 also reached a value of 1.8054.
"Haha, we are less than 8 million away from doubling our money. Boss, do you think it is possible this month?" Xu Jianqing said happily while staring at the net value of the fund.
For people like Xu Jianqing who are just entering the workplace, the growth of net worth is not only about their income, but also a kind of honor.
Newcomers always look forward to their first honor, just like their first love, even though they have had internship experience before.
But Xu Jianqing has forgotten that not-so-good career experience. In his opinion, Junshi Capital is his first job.
"When it comes to doubling, just be casual, don't be deliberate." Gu Junhao said with a smile, doubling is good, but there is no need to force it, just go at your own pace.
Reduce your positions when it is time to do so, and take a break when it is time to do so; do not destroy your trading system because of the obsession with doubling your money; Gu Junhao himself has suffered a loss in this regard once.
Junshi No. 1 performed well this week, and he also readjusted his mindset. After the market closed, Gu Junhao seemed to be in a good mood and left the trading room early.
After returning to the office, he briefly told Li Xinyu about the business trip tomorrow and left alone; he was going on a business trip tomorrow, so he had to go back to comfort Zhang Yiru.
Gu Junhao got off work early and did not go to pick up Zhang Yiru. Instead, he went to the vegetable market to buy some vegetables and prepared to cook dinner by himself. Usually, Zhang Yiru did these tasks.
Gu Junhao’s cooking skills were not very good, but the food he cooked was not bad either. After his rebirth, he lived alone for a long time, and he couldn’t always eat takeout.
I can’t make some complicated dishes, but I can still make seafood. If you don’t know how to cook it, just steam it or blanch it; these two methods are the simplest.
When Zhang Yiru returned home and saw a table full of prepared meals, her previous awkward mood instantly disappeared. It seemed that classmate Gu really cared about her feelings.
"You are so lazy. These shrimps can obviously be made into braised shrimps. You can just blanch them in water." Although he was happy in his heart, he still had to complain.
"It's fresh and tastes good." Gu Junhao peeled a shrimp and handed it to Zhang Yiru, saying with a smile.
After taking care of the backyard, Gu Junhao, accompanied by his assistant Li Xinyu, drove towards Shanghai early in the morning the next day.
Gu Junhao took the route of the cross-sea bridge. When passing the cross-sea bridge, looking at the scenery of the sea and sky connecting outside the car window, Gu Junhao couldn't help feeling a little dazed.
Sometime next year, this stretch will be known across the country.
"I don't know if I can see him this time." Gu Junhao, whose emotions were touched, couldn't help but think.
Gu Junhao has never had any admiration for hot money. After all, they are all the same kind of people; however, it would be interesting to meet these legendary figures.
However, he must be very worried at this moment. Various rumors have been circulating in the market since April and May.
A few hours later, Gu Junhao and his friend arrived at the hotel they had booked. After completing the check-in procedures, Gu Junhao returned to the room; before he had time to rest, he heard a knock on the door.
Gu Junhao opened the door and saw Li Xinyu and a tall young man, about twenty-five or twenty-six years old, standing outside.
"Boss, this is Shi Xin, assistant to Manager Wang Chao of Henghua Fund." Li Xinyu said to Gu Junhao. After completing the check-in procedures, Li Xinyu contacted the other party's staff in time.
"Hello, Mr. Gu, I'm sorry to bother you with my visit." Shi Xin stretched out his hand and said to Gu Junhao with a smile.
"Hello, Assistant Shi, please come in. I didn't expect that you would be here just half an hour after we arrived." Gu Junhao also said with a smile.
After the two came in, Li Xinyu took the initiative to walk towards the refrigerator, while Gu Junhao took Shi Xin to the sofa and said to Shi Xin: "Sit down and talk. I wonder what Assistant Shi wants to talk to us about at this time."
The exchange meeting was far from starting, but Gu Junhao arrived early. However, he came so promptly that it was probably not just a simple greeting.
"It's nothing big. Apart from saying hello and seeing if you need anything, I also want to meet you, Mr. Gu..."
After saying that, Shi Xin quickly leaned forward and added, "That's a bit presumptuous."
According to the fund performance just announced yesterday, Junshi No. 1 continued to perform stably, ranking first with super high returns, and with an almost invisible drawdown rate, making the followers seem a little desperate.
This made Shi Xin even more curious about what Gu Junhao looked like, and after receiving Li Xinyu's message, Shi Xin couldn't wait to pay him a visit.
After meeting him in person, the impression Gu Junhao left on Shi Xin was that he was not very tall, but much more handsome than in the photo, and he liked to smile when he spoke.
The way he speaks is not that aggressive and he is not as difficult to approach as rumored; perhaps this is also caused by the outside world's lack of understanding of him.
And from the conversation with his assistant, Shi Xin was able to roughly judge that Gu Junhao should be a good boss.
However, I just remembered that the other party had only checked in for less than half an hour and had not had time to rest. If I rashly visit him at this time, it would somewhat disturb him.
"Ah, to see me?" Gu Junhao looked at Shi Xin in surprise, wondering what was there about him that made this assistant Shi curious.
"Yes, I am a little curious about you, Mr. Gu. To be honest, I have been paying attention to you since you first pushed our fund out of the top spot."
In recent times, Shi Xin has also collected a lot of Gu Junhao's personal information. In addition to his own curiosity, as an assistant to a fund manager, researching competitors is also an opportunity.
Shi Xin's words did not surprise Gu Junhao. Collecting information on competitors was a common thing. He already had a copy of Wang Chao's information in his office.
"Then I wonder what Assistant Shi felt after meeting me in person?" Gu Junhao said with a smile.
"To be honest, my first impression is that he is quite handsome, haha." Shi Xin is also a very outgoing person. He can be considered a social expert. He can joke with Gu Junhao so familiarly not long after they met.
As long as it is not a particularly ugly person, praising someone for being handsome is considered a compliment. What's more, Gu Junhao himself is indeed handsome, so Shi Xin was speaking the truth.
After a little joke, the atmosphere of the conversation between the two became more relaxed; and Gu Junhao also relaxed after learning the other party's real intention.
Yes, although I am now a little famous, I am still a nobody among the general public .
There is no need to spend so much time thinking about yourself. Maybe it is really like what he said, it is just pure personal curiosity.
The relaxed atmosphere also allowed the two people's conversation to gradually deepen. As fund practitioners, their conversation naturally revolved mostly around stocks.
However, in addition to exchanging views on major trends and macroeconomics.
The two of them tacitly avoided discussing specific sectors or individual stocks.
Time passed slowly. After more than an hour, Shi Xin saw that Gu Junhao looked tired, so he left tactfully.
Gu Junhao was indeed a little tired. He had been driving for several hours and had to chat with people about the general trend for more than an hour.
"It seems we need to hire a driver as soon as possible." After seeing Shi Xin off, Gu Junhao said to Li Xinyu.
The last time I went to Feng City, I drove myself, and this time I will do it again. I can’t keep going like this.
"Okay." Li Xinyu nodded. She felt a little embarrassed that her boss was driving while she was sitting the whole time.
However, it was because he didn't like any of the candidates given to the boss last time.
After the two left, Gu Junhao also started to take a nap. There were no specific activities today, only a dinner party in the evening, so he could sleep for the whole afternoon.
The official exchange meeting will not start until 9 am tomorrow. It is called an industry exchange meeting, but judging from the process, it should be just a gathering for everyone to get to know each other and expand their personal networks.
At 6 o'clock in the evening, Gu Junhao woke up on time. He had slept for the whole afternoon and had not eaten lunch. Gu Junhao woke up hungry. After simply packing up with Li Xinyu, he went to the banquet.
The dinner was held in the buffet restaurant of the hotel where Gu Junhao was staying. Li Xinyu had originally booked the hotel through Shi Xin's introduction, which was why Shi Xin found Gu Junhao as soon as he and Li Xinyu checked in.
At the dinner, Gu Junhao also met many colleagues and Wang Chao, the fund manager of Henghua No. 1. This was also the first time that Gu Junhao appeared in front of his peers.
Gu Junhao couldn't help feeling a little regretful that person didn't show up, but it was also reasonable. Since the beginning of this year, although that person is still in his heyday, he has been in constant trouble.
Everything cannot be independent. When trouble arises, naturally there is no mood to attend such a boring dinner. As for whether the organizer has invited him, Gu Junhao has no idea.
Gu Junhao, who made his first appearance, also left a deep impression on his peers. First of all, he was young. A 23-year-old fund manager, he was the only one of his kind at the entire dinner.
However, from his conversation, one could not sense his youthfulness. Instead, he looked extremely mature and his thinking was very quick. What impressed everyone was that Gu Junhao seemed to have a very good memory.
When everyone talked about his past published performance, he could always be very prepared to tell the reasons for buying and selling stocks over a certain period of time, as well as the changes in stock trends.
You know, although everyone is engaged in stock trading, it is very difficult to completely remember the trends of stocks you have bought; some people even can't remember that they have bought a certain stock.
However, Gu Junhao was able to clearly state the reasons for buying stocks during that period. Not only did he have a deep understanding of stocks, his memory was also much better than most people.
Everyone present could be considered an elite, but at this point, they all understood that Gu Junhao's success was not just due to the good market performance in recent months or luck.
At the dinner, Gu Junhao seemed very active. He accepted everyone's approach and acted spontaneously. Compared to most people who did not eat much, Gu Junhao ate whatever he wanted.
At the formal exchange meeting the next day, Gu Junhao remained silent again; he said that the purpose of his trip was to learn and listen to how his peers manage funds and their views on trends.
His attitude seemed extremely humble; overnight, the two behaviors made everyone more interested in the young Gu Junhao.
After the meeting, Gu Junhao did not stay for too long. After exchanging contact information with everyone, he took Li Xinyu back to Ningbo.
Watching Gu Junhao leave, Wang Chao said to Shi Xin: "What do you think of him?"
Shi Xin didn't hesitate too much and said to Wang Chao: "It's impossible for us to surpass him. Brother-in-law, you should just be the second in command. Anyway, you can't even be the second in command at home, so this is good too."
"You are so disrespectful. How can you talk like that? I won't help you take the blame next time." Wang Chao said with a smile.
When they returned to Beicang, it was already evening. Zhang Yiru had prepared dinner and was sitting in the dining room waiting for Gu Junhao.
…
Monday, September 15, 2014; trading in the second half of September officially began.
As usual, Gu Junhao still appeared in the trading room on time.
"Boss, how about the industry exchange meeting?" Gu Junhao was asked by Xu Jianqing when he came to the trading room; he heard from Li Xinyu in the morning that if she was not free, the boss was going to take him there.
"That's it. I didn't hear any useful information; but I did get to know a lot of colleagues." Gu Junhao said with a smile.
Then he said to the three people, "You know the second place Henghua No. 1, right? They are one of the organizers this time. Their assistant is quite capable. I'll introduce you to him when I have the chance."
During this exchange meeting, Gu Junhao had the most contact with Shi Xin. Whenever he had any needs, he would go to him. Gu Junhao was grateful for Shi Xin's enthusiasm.
From their conversation, Gu Junhao could also feel that Shixin's professional level was quite good; however, after learning about the relationship between Shixin and Wang Chao, the manager of Henghua No. 1 Fund, Gu Junhao gave up the idea of poaching.
Junshi Capital is currently too small to accommodate people like him who have background, connections and good knowledge.
"Ah, there is actually someone the boss admires. What a pity, I didn't meet him." Xu Jianqing said in surprise.
"What are you talking about? You make it sound like the boss is arrogant." Liu Tingting rolled her eyes at him.
"Okay, stop talking nonsense and get ready to open." Gu Junhao said.
Gu Junhao was on a business trip over the weekend and did not have time to watch the news in the morning, so he was not very familiar with some changes in the market over the weekend. However, there were no news announcements about several of his holdings.
At 9:25, both the Shanghai and Shenzhen stock markets opened slightly lower. Dongfang Wealth, which saw funds outflow at an accelerated pace throughout the day last Friday but then rose in the late trading, opened lower at 13.84 yuan.
A total of 3,386 lots were traded in the call auction, with nearly 5 million yuan of funds fleeing, which was not a very ideal performance. Another stock that was strong last week, Yinzhijie, opened high at 25.70 yuan today.
In recent times, Yin Zhijie seems to be moving in the opposite direction of the index and continuing its independent trend to the end.
At 9:30, official trading began; the Shanghai and Shenzhen stock markets opened low and fluctuated downward in the morning, and individual stocks in the two markets also began to fall along with the index.
The share price of Dongfang Fortune quickly fell from 13.84 yuan to 13.70 yuan, a drop of 1.44%; the same was true for Yinzhijie, which opened high, with its share price quickly falling back by nearly 1%.
"Something feels a little wrong with the stocks today." Gu Junhao said to the three people with a frown.
The index only fluctuated slightly, but some individual stocks with obvious main funds reacted too intensely. Stocks like Yinzhijie, which like to go against the market, completely lost their previous momentum.
The opening price is today's highest price. As a stock that has risen too much recently and is unusually active, this trend seems to be a sign of a big drop.
Five minutes later, the Shanghai and Shenzhen indices, which had retreated slightly, rebounded, and the ChiNext index gradually approached the flat area. However, at this time, the trading price of Dongfang Wealth was still performing poorly.
As for Yinzhijie, it is also sliding downward as usual. However, judging from the trading volume, the trading volume of Yinzhijie during this period is not large, and it is still mainly sold by retail investors.
At 9:37, the ChiNext Index turned positive, and Yin Zhijie continued to go down. At this moment, he seemed to be a rebellious trend of the index. One minute later, the Shanghai Composite Index also turned positive.
"Don't move for now. Wait until after 10 o'clock." Although both the indexes of the two markets turned positive, looking at the individual stocks in the two markets, most of the stocks remain in the green at the moment, and the performance is not as reflected by the index.
Only the index rises, not individual stocks, especially some stocks that were strong in the early stage and where major funds are deeply involved, such as Yin Zhijie, Tong Huashun, Dongfang Wealth and so on.
The reactions of these stocks usually represent the attitudes of a group of people in the stock market who have a keen sense of smell and large amounts of capital. This is especially true for stocks that are crowded with public funds, such as Dongfang Wealth.
"It looks like the situation is about to change." Gu Junhao sighed after 10 o'clock.
The index opened low and ended high, and was not as strong as last Friday. The trading volume shrunk significantly. Although the stock price of Yinzhijie rebounded slightly at this time, it still remained below 25 yuan.
By 9:50, Yinzhijie's stock price had quickly fallen below the 25 yuan mark, with the lowest drop in share price reaching more than 2.5%. The speed of capital outflow was significantly higher than that in the early trading session.
However, after a rapid decline, Dongfang Wealth failed to rise, and its stock price continued to fluctuate below the yellow moving average of the day.
At 10:15, after the ChiNext Index turned green again, the Shanghai Composite Index fell back into the green amid the continued correction of the big financial sector.
The index turned green and individual stocks performed even more sluggishly. At this moment, even ordinary retail investors could feel the pressure. Not all retail investors rush forward mindlessly.
The Shanghai and Shenzhen stock market indices turned green, but Yinzhijie's performance was still very sluggish, with very little trading volume. Gu Junhao could already foresee that Yinzhijie's adjustments today would be drastic.
However, due to the limitation of trading volume, Gu Junhao only let Xu Jianqing do T within the day as before. This time, he naturally bought first and then sold.
As for Dongfang Wealth, Gu Junhao still chose to wait. Dongfang Wealth is currently fluctuating around 13.70 yuan, with no change from the price that fell in the early trading session.
However, Dongfang Wealth is not without good performance. Judging from today's trading quotation, Dongfang Wealth's volume has obviously shrunk, and it is far from the previous momentum of an average daily transaction of 700 to 800 million yuan.
From this point, it can also be seen that the power of the short sellers of Dongfang Wealth is gradually weakening. It only takes one opportunity for Dongfang Wealth to have the chance to buy at the bottom.
At 10:25, the three major indexes were still fluctuating at low levels, but at this time Dongfang Wealth suddenly moved, the stock price rose rapidly, and the decline narrowed to less than 0.5%.
"What's going on? 2 million yuan was raised?" Gu Junhao looked at the trading quotation of Dongfang Wealth in disbelief.
A one-time transaction volume of 2 million may cause some unusual movements for a stock like Yinzhijie, which has an average daily transaction volume of 100 million yuan, but this is Dongfang Wealth.
Dongfang Wealth has an average daily trading volume of more than 400 to 500 million yuan, and even 2 million yuan can cause an abnormal movement. This makes Gu Junhao feel somewhat unbelievable, but the fact is happening right before his eyes.
After rising against the market trend, Dongfang Wealth maintained its fluctuation above the moving average for ten minutes. At 10:50, Dongfang Wealth was once again lifted by a wave of more than 1 million yuan in volume, and its stock price quickly turned positive.
At 10:55, Dongfang Wealth reported 13.94 yuan, up 0.29%, and the transaction volume at the price of 13.94 yuan was 4 million yuan.
