Chapter 220 Performance on Delivery Day
A-shares continued to fall on Thursday, with both the Shanghai and Shenzhen stock markets closing in the green. This was very depressing for investors who were accustomed to clearing their positions on Wednesdays.
However, in Gu Junhao's view, September is already halfway through, and judging from the plunge on Tuesday, A-shares have begun to enter the acceleration period of the bull market.
There will be more and more violent market cleansing like this in the future, until investors eventually get accustomed to it and become numb to it, thinking they can buy at the bottom after a sharp drop.
In the end, it will end with a sharp drop, and ordinary investors will become the bag holders.
This is the norm in the A-share bull market, using the sharp drop to clean up the market and use the sharp drop to sell goods; and this is also the reason why ordinary investors lose money in the bull market.
It is impossible to tell whether a sharp drop at a certain stage is a market shakeout or a sell-off.
On September 19, the last trading day of the week, Xu Jianqing, the funny man of the trading team, took leave and went home.
Compared with the past, the trading room seemed less lively. For a moment, without Xu Jianqing's chattering voice, Gu Junhao was a little uncomfortable.
Wang Ruoyu is usually quite taciturn, although he would joke from time to time, but he needs the atmosphere to create it, and Xu Jianqing is the one who creates this atmosphere.
"Now that Mr. Xu has gone home, the place has become much quieter. Haha." Liu Tingting said with a smile.
After a few months of getting along, everyone has gradually become accustomed to each other's presence, although they rarely argue with each other, even Gu Junhao is the same.
At 9:25, the call price inquiry ended. Influenced by two consecutive days of rebound, both the Shanghai and Shenzhen stock markets opened slightly higher today.
The sentiment has been restored and individual stocks have performed well, with quite a few stocks opening higher in both markets.
Dongfang Wealth opened slightly lower at 13.68 yuan, and the call auction transaction volume was 1,248 lots, which was a significant decrease compared with yesterday.
"On the stock index settlement day, everyone is much more cautious."
Tonghuashun also opened low today. In Gu Junhao's opinion, although Tonghuashun rose yesterday, it was more following the sector and index.
In terms of the overall performance, it is not that much, and the adjustment is far not as good as that of Dongfang Wealth. After all, the adjustment of shrinking volume and falling prices is like this.
"It looks like it's going to fall further. Don't be in a hurry. Just wait a little longer." Gu Junhao muttered to himself as he stared at Tong Huashun's trend.
However, Tonghuashun's performance cannot be compared with Dongfang Wealth after all. The stock price has doubled, and there is a lot of room for profit.
These profit-makers can completely ignore the adjustment and respond by locking their positions. For example, people like Li Ze will not trade no matter how much the stock price falls.
This also makes adjustments difficult. Even if you want to clean up the market violently like Dongfang Wealth did, you won’t be able to clean out much.
The downward trend is the most frustrating, and it is understandable that the main funds hope to wash out the floating chips in this way.
At 9:30, official trading began, and Dongfang Wealth welcomed the first buy order of the day, an order of 1,065 lots, which pushed the stock price up to 13.79 yuan.
Dong Fang's wealth suddenly turned red.
I took a look at the two major indexes on the big screen. At the opening of today's market, the bulls and bears were fighting over the five-day line on the index.
The ChiNext Index continued to perform better than the Shanghai Composite Index in the early trading session. After a slight fluctuation at the opening, it quickly rose.
At 9:32, the stock index was close to 1495 points, only 5 points away from 1500 points.
"It looks like we're going to push for the 1,500 point mark today." Gu Junhao said to the two of them.
"Can you stand steadily?" Wang Ruoyu asked.
After a few months, the three of them already knew that the boss was always most concerned about the changes in the ChiNext, and the Shanghai Stock Exchange was just used as a reference.
Junshi No. 1's holdings also reflect this point. Except for Xu Jianqing's previous short-term attempt, the boss has never bought stocks starting with 6 digits.
The unity of knowledge and action may be the reason why the boss can succeed. Everyone who is engaged in stock trading knows this, but it is difficult to do.
Dongfang Wealth's volume shrank in the morning, but the funds were not as inflowing as yesterday morning.
Judging from the trading quotes, the buying volume of medium and large orders is still relatively large, while the selling delivery orders are mainly less than 100 lots.
At 9:34, Dongfang Wealth's share price rose by 1.24% to 13.89 yuan, and trading volume also began to increase slowly.
Ten minutes later, the ChiNext Index suddenly rose to 1500 points, closing at 1500.81 points, up 0.61%.
The share price of Dongfang Wealth also reached 13.94 yuan, which is very close to yesterday's high.
"There should be a chance of it standing firm, but it's better to have some shocks." Gu Junhao said to Wang Ruoyu.
From the current perspective, the pressure position of the ChiNext 10-day line is still relatively large. Gu Junhao still hopes to digest the trapped positions above through wide fluctuations like in the previous two trading days.
The same is true for Dongfang Wealth. Big funds in the market also hold this idea. Even when the ChiNext rebounded to a new high, Dongfang Wealth did not break through its previous high.
In the trading quotation, sell orders continued to appear, and Dongfang Wealth sold a large amount of shares in a short period of time, and its stock price quickly fell from 13.94 yuan to 13.78 yuan.
Following closely behind is the ChiNext Index, which began to fall after reaching 1501.39 points.
"See? Dongfang Wealth's adjustments at each stage are several minutes faster than the index." Gu Junhao said to Wang Ruoyu.
This is a manifestation of strong stock prices, reacting to the market one step ahead of time, rather than following the rise and fall of the index.
In a sense, the trend of Dongfang Wealth in the past two days also affected the changes in the ChiNext Index.
At 9:57, Dongfang Fortune returned to the flat price of 13.72 yuan. After falling below 1,500 points, the ChiNext Index also returned to below the ten-day line.
The Shanghai and Shenzhen stock markets are still adjusting in a shrinking manner today, and trading of most individual stocks is very inactive.
Although Dongfang Wealth also maintained a shrinking volume, it was relatively speaking very good, with the trading volume in the first half hour of the morning session close to 100 million yuan.
Another stock held by Junshi No. 1, Wan'an Technology, only had a transaction volume of 2 million yuan in half an hour.
According to this trend, today's transaction is expected to hit a new low. During this round of rebound, Wan'an Technology's lowest daily transaction was only 17.99 million yuan.
The daily trading volume of a stock has fallen to this level. This was the norm in the stock market before the leveraged bull market.
Compared with the daily trading volume of several million that most stocks regularly maintained in 2013, the daily trading volume of 18 million is already quite good.
After taking a look, Gu Junhao couldn't help but shook his head.
Affected by the pressure from the ten-day line, the ChiNext Index slowly moved downwards step by step, and even turned green at 10:30.
Dongfang Wealth maintained its price at the flat level and adjusted below the daily moving average. So far, the opening price of 13.68 yuan is still the lowest .
In terms of performance, it is much stronger than the index.
"I should be able to increase my holdings today, right, Mr. Wang?" Shi Xin said in Henghua No. 1 Trading Room as he watched the share price of Dongfang Wealth fluctuating above 11.72 yuan.
The opening price is the lowest price, and no matter how it is adjusted, it is considered to be relatively strong.
In Shixin's opinion, Dongfang Wealth, which has gone from weak to strong, is definitely worth adding to holdings.
"Add 2,000 lots and try to reduce costs." Wang Chao said to the leader of the trading team.
Today is the stock index delivery day, so we should try to maintain stability. However, Dongfang Wealth seems to be turning from weak to strong, which Wang Chao can also see.
Shi Xin felt that it was a bit stingy to only increase the position by 2,000 lots; however, today was the stock index delivery day, and there was nothing wrong with operating cautiously.
At the midday close, the ChiNext Index closed at 1491.04 points, barely maintaining a positive trend. Dongfang Wealth closed at 13.80 yuan, up 0.58%.
The morning trading was a bit dull, and without Xu Jianqing the trading room was not as lively as before. Gu Junhao slept until two o'clock.
Wang Ruoyu and Liu Tingting naturally did not dare to wake him up, so they could only enjoy the boring and volatile market by themselves.
However, the capital inflow into Dongfang Wealth in the afternoon was significantly faster than in the morning, and at 13:23, it was back above the intraday moving average.
By the time Gu Junhao woke up, the share price of Dongfang Wealth had stabilized at around 13.89 yuan.
"What's going on?" Gu Junhao, who had just woken up, looked at the somewhat aggressive Dong Fang Caifu and asked Wang Ruoyu.
"There seems to be some unusual movement of funds, and the trading volume has increased a bit in the afternoon."
Gu Junhao flipped through the trading quotation and looked at the trend of Tong Huashun. Tong Huashun's performance was still average, but there seemed to be some unusual movements in the Internet finance sector.
Following yesterday's strong Internet finance sector, after experiencing morning volatility adjustments, capital inflows were more obvious in the afternoon.
"Is there any news over the weekend?" Gu Junhao thought as he looked at the board.
Generally speaking, if there is any major news, most of them will be announced after the market close and on weekends. Not only Dongfang Wealth, but the entire sector has funds flowing in, which makes it hard not to be suspicious.
Of course, except for Tong Huashun, Tong Huashun still remains in his half-dead state.
At 14:15, Dongfang Wealth saw unusual movements, with over 7,000 buy orders pushing the share price up to 13.95 yuan, breaking through the previous intraday high.
One minute later, Dongfang Wealth reported 14.07 yuan, up 2.55%.
"It's a late-session rally with volume."
Dongfang Wealth has always been stable. Although there have been some late-trading pull-ups, there have been few like today.
However, due to the influence of pressure positions and index fluctuations, Dongfang Wealth did not rise significantly.
Starting from 14:20, Dongfang Fortune slowly fell back, and six minutes later it fell below the 14 yuan price mark, and the trend slowed down.
Although the stock price has declined, the trading volume remains at a high level, with many large buy orders.
At 15:00, the Shanghai and Shenzhen stock markets ended the last trading day of the week, with the Shanghai Composite Index rising 0.58% to close at 2329.45 points.
The ChiNext Index closed at 1499.12 points, up 0.56%, but ultimately failed to hold above 1500 points. Trading volume also fell to 30.6 billion yuan, a recent low.
Dongfang Wealth had a transaction volume of 471 million yuan and closed at 13.97 yuan with a rise of 1.82%. The transaction volume of 471 million yuan accounted for a large part of the closing period.
Today, the trading volume of individual stocks has shrunk significantly. The trading volume of Xibu Securities has dropped to 116 million yuan, while the trading volume of Wan'an Technology has dropped to 15.6 million yuan.
15.6 million yuan is also the lowest average daily trading volume of Wan'an Technology since June. In terms of trading volume, it can be said to be the bottom of the bottom.
