Chapter 238: The Ecosystem after Panic
For investors, a day of extreme panic has passed. In the end, the Shanghai Composite Index opened with a gap down and fluctuated at a low level. The index closed at 2290.44 points, down 0.51%, ending trading on Monday.
The trend of the ChiNext Index was completely opposite to that of the Shanghai Composite Index. After quickly hitting the bottom in the morning, it rebounded sharply by 0.98% during the day and closed at 1492.01 points.
The ChiNext Index's bald positive line trend is one of the few highlights today.
However, all of this was overshadowed by the securities sector which fell sharply during the day.
Junshi No. 1 performed very well today. While successfully taking back the chips of Xibu Securities, the other two heavily invested GEM constituent stocks, Dongfang Fortune and Yinzhijie, both achieved increases.
Dongzhu Wealth closed at 15.40 yuan, up 3.36% on the day. Yinzhijie unexpectedly achieved a small-volume increase in the afternoon, up 6.70%, and the stock price returned to above 23 yuan, closing at 23.26 yuan.
Even Tong Huashun's personal holdings saw a 0.84% increase today, and the stock price finally settled at 21.54 yuan.
Judging from these three GEM stocks that were strong in the early stage, although the trading volume has not increased, combined with the bottoming out and rebound of the index, it can be seen that the GEM index has a clear bottoming trend.
Xibu Securities was listed on the latest Dragon and Tiger list today because of its daily decline that deviated from 7%. Among the list, the first buying seat was Junshi No. 1's institutional seat.
The top five sellers on the Dragon and Tiger List had a total outflow of 44.5616 million yuan, accounting for 9.89% of the total transaction volume. Judging from the recent transaction volume, the outflow of funds is not that much.
The selling seat with the most sales, No. 1, sold only 10.8745 million yuan. However, there was also an institutional seat at No. 5, which sold 6.5790 million yuan.
If Gu Junhao didn't know that he was the one who bought a seat and the amount matched, when he saw the Dragon and Tiger List of Xibu Securities, he would definitely think that some institution was doing T during the day.
With a total transaction volume of 450 million yuan, the outflow of the top five seats was less than 10%. It can be seen from here that the vast majority of funds that were forced to cut losses and exit today came from ordinary retail investors.
"Boss, is this the first time we are ranked first in buy?" Xu Jianqing said with a smile while staring at the data on the Dragon and Tiger List.
"That shouldn't be the case, right? I must have come in a few times before to buy a seat, but I forgot whether I bought one."
Gu Junhao really couldn't remember whether he had ever reached the buy-one position, but he did not expect that more than 7 million yuan of funds could reach the buy-one position today.
There is not much selling volume on the Dragon and Tiger List, and although there is a serious panic sell-off today, judging from the trading volume of the Shanghai and Shenzhen stock markets, it is still in a mode of shrinking decline.
The Shanghai stock market fell with reduced volume, and the ChiNext Index made a V-shaped reversal. As for the future market, Gu Junhao is still optimistic that the day of ending the adjustment will soon come. Even from a technical point of view, there should be a rebound here.
From a technical perspective, after the index fell below the 2300 mark, the J line of the KDJ index has become completely blunt and the oversold situation is quite serious. A corrective market may be initiated after the oversold situation.
What surprised Gu Junhao the most today was Yin Zhijie. He originally thought that Yin Zhijie would continue to adjust, but it only took a trading volume of more than 50 million yuan to pull the stock price back to the opening price on the day of the big drop on October 17.
In just one trading day, the decline of the previous six trading days was able to be reversed. It seems that the third-quarter performance report over the weekend did have a certain effect.
…
Unlike Gu Junhao who returned with a full load, after the transaction, social media and major stock trading areas were filled with comments from retail investors.
The Shanghai Composite Index breaking 2,300 points and the rebound of the ChiNext have left ordinary investors at a loss.
On the one hand, today's big drop was led by the securities sector, making everyone feel that the temporary bull market has ended. On the other hand, the ChiNext rebounded, and most of the stocks that turned red today were concentrated in the ChiNext constituent stocks.
Afraid that the price will continue to fall, and also afraid that one will be cut at the bottom, these two emotions intersect and make it difficult to sleep or eat.
Similarly, in the Soha group, everyone is also discussing today's trend.
"Damn it, the ChiNext Index actually rebounded, and Tong Huashun also rebounded. Could it be that I sold my stocks at the lowest point this morning?"
"That shouldn't happen. With the Shanghai Composite Index's trend today, it will definitely fall tomorrow. We can just buy it back then."
"What I regret most today is that I didn't copy Li Kuang's secrets. If I had known earlier, I would have rushed into Tong Huashun like him."
"Li Kuang didn't say anything after he made the purchase . He must still be at work. Hey, he made money again."
"Tsk, tsk, tsk, tsk, Li Kuang has 26,000 shares of Tong Huashun, right? If the price goes up again, the market value will be incredible."
"I should be able to catch up tomorrow. The GEM looks like it will rebound. There are many GEM stocks that have soared today. Dongfang Wealth has risen by more than 3 points."
"Oh, I don't dare. Let's wait and see. The main reason is that the Shanghai Stock Exchange is going too badly. I sold my stocks at the call auction this morning. I have lost 20% this month. It's too miserable."
"I've lost a lot of money. Let me take a break. I don't want to do it anymore. It's too difficult to grasp the high market."
"I think it will continue to fall. Anyway, let's wait until the end of the month. By the end of the month, it should be time to buy the bottom. The market should be stable by then."
At 6:30 in the evening, Li Ze, who had been busy underground all day, finally returned to the ground. After returning to the ground, Li Ze immediately took back his mobile phone and opened Tong Huashun.
"Shit, what's going on? It's in the red?" Li Ze looked at the stock price trend of Tong Huashun with some uncertainty. After repeated confirmation, he finally confirmed that this was the fact.
Moreover, the ChiNext Index actually turned positive, and only the Shanghai Composite Index remained green. This was a little unbelievable for Li Ze, who felt that he would suffer a big loss today.
The surprise came too suddenly.
After confirmation, Li Ze still had 26,000 shares in his account. He did not sell them at a loss when the market was stuck. He breathed a sigh of relief and thought everything was fine.
It seems that sometimes software lags are not all bad.
"Fuck, I just got ashore. What's going on today, guys? Wasn't there a big drop in the morning?"
"Oh, you're here, Li Kuang. Nothing's wrong. We're still in big trouble."
"If there is any situation, it is that you made money. You copied the bottom this morning."
"It's another day when Li Kuang makes money and we lose money. Send out red envelopes quickly so that the brothers can buy some steamed buns."
"Hahaha, send, send, send, I'll send it right away; to be honest, I almost cut it this morning, I was so panicked at the time, but unfortunately the software was stuck and I couldn't log in."
"Fuck, you are so lucky. I placed an order before it got stuck and couldn't cancel it. When I went back in, it was already filled. Then I didn't dare to accept it when it was pulled up."
"Since buying Tong Huashun, it seems that Li Kuang's luck has also changed; even things like this can happen."
"Yes, once a person's luck comes, it is unstoppable, but the drop this morning was indeed scary."
…
After a night in which some A-share retail investors were happy and some were frustrated, the second day of trading arrived as scheduled.
After today's call auction, both the Shanghai and Shenzhen stock markets opened higher, with the Shanghai Composite Index at 2294.01 points and the ChiNext Index at 1495.69 points.
The early morning trend swept away the shadow of yesterday's decline.
The ChiNext opened higher and jumped straight above the five-day line of the daily line, appearing extremely strong.
Most of the ChiNext constituent stocks opened higher, while the securities sector, which fell sharply yesterday, was even more abnormal today.
The securities sector, which plunged sharply yesterday, opened higher today as a whole. Xibu Securities, which is held by Junshi No. 1, closed at 13.69 yuan, up 1.03%.
“Is this a short squeeze? After yesterday’s sharp drop, it can’t wait to open higher today.”
Gu Junhao, staring at the big screen, said speechlessly; he had to stay in the trading room today, whether he traded or not, he could not ignore the stock market that plummeted to the bottom yesterday.
"These guys are so bad. Yesterday, they pushed the stock price to the limit down, forcing people to cut their losses. Today, the stock opened so much higher that people are afraid to buy at the bottom." Liu Tingting said with a smile.
In fact, this is indeed the mentality of retail investors. If Xibu Securities continues to open low today, retail investors who sold their stocks yesterday may choose to take them back if there is a price difference.
However, when the market opened higher by more than 1% today, retail investors did not dare to take the offer. If the market fell again after opening higher, they would be trapped again today, which is why most people hesitate.
At 9:30, official trading began. The ChiNext Index was still stronger than the Shanghai Composite Index. After the opening, it entered a fluctuating upward trend, and the upward gap was retained.
The Shanghai Composite Index also showed a trend of fluctuating at a high level. The securities sector, which performed strongly in the morning, began to fluctuate higher after a slight correction.
On the market, concept sectors such as military industry, Tianjin Free Trade Zone, general aviation, and rail transit performed well.
The banking sector had the largest decline. Yesterday, the securities sector was used as a sacrifice to scare retail investors, and today it is the banking sector's turn. I wonder if it will be the insurance sector's turn tomorrow.
Xibu Securities, which opened high in the morning, began to fluctuate upward after a slight downward adjustment in the first half hour of the morning session, and the adjustment of the securities sector was also completed.
At 10:30, Xibu Securities was trading at 13.74 yuan, up 1.40%. The overall increase in the securities sector was close to 1%.
As the index and individual stocks rose step by step, the securities sector stabilized and Xibu Securities slowly moved up along the moving average.
Gu Junhao said to Liu Tingting, "It's going up slowly. It looks like it has stabilized today. Basically, there should be nothing to worry about."
At the midday close, Xibu Securities closed at 13.88 yuan, up 2.44%. The ChiNext Index fluctuated higher after opening higher in the morning, followed by a strong breakthrough of 1,500 points.
By midday closing, the ChiNext Index closed at 1514.47 points, up 1.51%.
A series of stocks held by Junshi No. 1 all saw increases to varying degrees.
Among them, Tonghuashun, which was held by Gu Junhao's personal account, performed particularly well. Tonghuashun rose rapidly in the morning, and by 9:50 a.m. it had surged by 8.59% to 23.39 yuan.
At the midday closing, Tonghuashun still had a 6.73% increase, with the stock price at 22.99 yuan. A large positive line crossed the five-day line and the 10-day line, and was only 0.04 yuan away from the 60-day line.
