Chapter 261: Third Week Results
On Thursday, the Shanghai and Shenzhen stock markets completed the switch again, and the Shanghai Composite Index finally closed after opening significantly lower. The securities sector soared, with Xibu Securities rising by more than 4% and Huanghe Securities also rising by more than 2%.
This Friday, the 21st, the Shanghai stock market opened high again today. It adjusted downward during the morning session. The securities sector once again became the pillar of the market. In addition, the insurance and media sectors performed well today. The Shanghai Composite Index did not dive after ten o'clock like last week.
At 11 a.m., near the end of the trading day, the securities sector, stimulated by the accelerated positive news of IPOs, hit again. Guangda Securities and China Merchants Securities both took the lead in moving, followed by the entire sector moving upward.
Huanghe Securities rose by more than 2%, and its share price returned to above 8 yuan. At the midday closing, its share price was 8.26 yuan, a daily increase of 5.09%. Xibu Securities also rose by 3.28%, and its share price was 17.96 yuan.
Unconsciously, the share price of Xibu Securities had risen from the initial low of 10.50 yuan when Gu Junhao established his position to nearly 18 yuan, with a rise of more than 70%.
Different from small and medium-sized growth stocks that often double in price, a 70% increase is already quite large for a brokerage stock. During this round of rebound, Xibu Securities has always maintained a leading position among brokerages.
At this point, Cao Wenxun began to take Gu Junhao's stock selection seriously. When he first started working and saw Junshi No. 2's holdings, Cao Wenxun felt that Gu Junhao was a bit unworthy of his reputation.
Although Junshi No. 1 performed very well, Junshi No. 2 held all of its weighted stocks, which Cao Wenxun thought was a bit of a slouch for a private equity firm.
Although the blue chip stocks are very stable, their gains are limited after all. Cao Wenxun even doubted at one point that Gu Junhao was unable to manage funds of over 100 million yuan, which was why he made such a choice.
Anyway, the price won't fall that much, so you can just lie back and take advantage of traders' intraday T trading to keep the scale above 500 million yuan. It's also good to earn some commission.
In recent days, Cao Wenxun's judgment on the market and the performance of securities companies have enabled him to truly face up to Gu Junhao's stock selection logic and analyze it carefully.
Being able to buy enough chips at a relatively low position, and then wait for the market trend and let the hot spots chase you is much more difficult than chasing hot spots, but Gu Junhao did it very well.
During lunch time, Cao Wenxun also asked his own questions.
"Mr. Gu, don't most private equity firms focus on small and medium-sized growth stocks? Some even control a portion of the stocks themselves. Why did our fund buy so many heavyweight stocks?"
"Private equity funds can also buy weights. It's fine as long as they can make money. As for what you said about controlling a small-cap stock, I haven't thought about such a thing." Gu Junhao replied with a smile.
"Why? Isn't this a great opportunity to become famous?" In fact, this is true. Nowadays, there are often reports about how a certain institution or a certain individual has made so much profit by trading in a certain stock.
Similarly, countless institutions and individual investors are flocking to this method.
"The purpose of establishing a private equity firm is first and foremost to help clients make profits while also achieving profitability for the firm. Becoming famous is secondary. Once you are able to maintain profitability, becoming famous will come naturally."
Gu Junhao also does not reject fame. Fame is certainly a good thing, but more importantly, he needs to ensure his own safety. For example, the current private placement operation method is still .
In the afternoon trading, the securities sector was even stronger. Guangda Securities and Zhaoshang Securities firmly held the daily limit. Xibu Securities once rose by more than 8%, and Huanghe Securities also rose by more than 7%. The market also launched an upward attack.
The sentiment of a big rise also infected the small and medium-sized start-up sector. The ChiNext Index today overtook yesterday's negative line with a small positive line. This Friday, the Shanghai Composite Index rose 1.39% and returned above the five-day line.
The Shanghai Composite Index finally closed at 2486.79 points. The recovery of heavyweights such as securities and insurance also means that the Shanghai Composite Index is expected to continue to attack 2500 points next week, starting a new round of upward trend.
The ChiNext Index was unusually strong this week, closing in the green on four of the five trading days and surging 4.41% in a week to return above 1,500 points.
However, the ChiNext Index is suppressed by the 60-day lifeline on the daily line and by the 10-day line on the weekly line. There are still variables as to how it will perform next week.
Unlike Wu Peng who adapted quickly, Cao Wenxun experienced unsuccessful stock trading in the first few trading days after joining the company a week ago, which resulted in him not having some recognition of Junshi Capital and Gu Junhao himself until Friday.
Sometimes, thinking too much is not necessarily a good thing. A state like Wu Peng is better, but this also requires certain conditions to support it. Cao Wenxun, who is currently under obvious economic pressure, obviously cannot do this.
After a simple tidying up, Cao Wenxun left work first. Without returning to the apartment, he drove his car directly to Hangzhou. Later, Wu Peng also left work early.
On the way back, Cao Wenxun kept thinking about the recent operations and his experience in the past week at work. Overall, it was quite good.
With large amounts of capital and room for trading, the current trend of the stocks being traded is beginning to gain strength, so there is no need to worry about this month's performance. What makes Cao Wenxun happiest is that Tong Huashun is performing very well, and his wife has made a 6% profit after buying it.
…
The married people left early, and those who remained in the trading room were all unmarried people. They began to summarize the profits of the past week, and the first thing to be counted was still Junshi No. 1.
This week, several ChiNext stocks saw a sharp increase in holdings. I think the performance of Junshi No. 1 will surprise everyone.
Yinzhijie was stronger this week than last week, rising by more than 20% for the second consecutive week to 20.96%, while Dongfang Wealth and Xibu Securities also performed very well.
Dongfang Fortune began to accelerate its upward trend this week, rising by more than 12.38% in a week, and its share price successfully stabilized at the 20 yuan mark. Xibu Securities surged on Thursday and Friday, rising by more than 12% in two days, and finally breaking through the 18 yuan price mark with a weekly gain of 11.06%.
Several of Junshi No. 2's holdings also stopped falling this week. Apart from Dongfang Wealth, the best performing stock was naturally Yellow River Securities. Yellow River Securities also benefited from the favorable stimulus and surged in the last two trading days.
Finally, Huanghe Securities closed at 8.43 yuan in the last two trading days, up 7.80% for the week, after recovering from the decline of the previous four trading days.
Among the other two stocks with Chinese characters in their names, Zhongguo Jiaojian performed relatively well, with a weekly increase of 4.91% and a considerable intraday fluctuation. In addition to Dongfang Wealth, the main source of income for Junshi No. 2 this week also came mainly from him.
Zhongguo First Heavy Industries performed generally, rising only 0.5% in a week, but it has stopped falling, which can be considered a good thing.
After making the final preparations before announcing the net worth, Xu Jianqing smiled at Gu Junhao and said, "Hey, Boss, you are going to be famous again this week. Maybe you will be on the hot search again."
"What's wrong? The net value of No. 1 performed very well?" Gu Junhao said with a smile.
"Yes, the net worth of number one simply exploded."
"Hurry up and stop talking nonsense. I'm in a hurry to go home." Gu Junhao interrupted Xu Jianqing's deliberate suspense.
"The total scale of Fund No. 1 is 125 million yuan, with a net value of 3.1238; the total scale of Fund No. 2 is 541.25 million yuan, with a net value of 1.0825." Xu Jianqing said proudly.
"Three times? Not bad." Gu Junhao responded with a smile, while thinking about the net value of Junshi No. 2 in his heart.
After the pullback last week, Junshi No. 2 was able to increase its holdings while maintaining rapid growth this week, which is much more difficult than the No. 1 fund. The return has reached more than 8 points in the three weeks since the establishment of the position, which is also quite good.
During this week, Gu Junhao has looked at everyone's delivery notes every day. For Junshi No. 2, the main growth points actually lie in Zhongguo Communications Construction and Yellow River Securities, which performed well in the last two trading days.
Dongfang Wealth has locked its positions throughout the process, and Zhongguo First Heavy Industries is in the process of building a position. The weekly increase is not large, and the market value has basically not changed. It is still in a loss-making state.
As Zhongguo Jiaojian experienced large fluctuations during the week, Wu Peng made considerable gains from doing a lot of T trading. The same was true for Yellow River Securities. If Cao Wenxun was given some opportunities, he would be able to fully demonstrate his operating skills.
After two weeks of observation, it was found that both of them were very qualified traders and their work attitude was very professional. Gu Junhao was quite satisfied with this.
I believe that next week, the two of them will perform better, and I will feel more at ease.
"Announce it. Also, if there is nothing important next week, I will not appear in the trading room very often. You should do the things within your authority. If you have any questions, you can come to me."
As Fund No. 2 becomes increasingly stable, Gu Junhao may let go of specific transactions. Xu Jianqing and others can also understand Gu Junhao. Since November, the boss has become increasingly busy and often comes home very late.
After saying this, Gu Junhao, who was about to leave, added: "Please keep your mouth shut about the issue of Fund No. 1, and keep your holdings confidential."
The stock price has risen so much in just one week, and the return has exceeded three times. I believe there will be a lot of discussion this weekend. As three people who are in the know, including myself, it is better for us to keep a low profile.
"Okay, I understand." Wang Ruoyu replied. Currently, Fund No. 1 is managed by him and Liu Tingting. Gu Junhao was talking to him just now.
The boss is still as cautious as ever, but he should be so. There are quite a few small and medium-sized growth stocks that have risen sharply this week. As long as he keeps a low profile, it will be difficult for the market to guess which one they are.
"If you have nothing else to do, go home early. Tomorrow is the light snow season. Remember to be nice to yourself and have a good meal."
Due to the leap September, although the date on the lunar calendar is only the beginning of October, the real winter has actually arrived.
"What do you mean? Why does the boss's last sentence sound weird? What does it mean to have a good meal?" Xu Jianqing asked in confusion.
The other two also said that they always felt something was strange. In fact, Gu Junhao was just saying it casually and didn't mean anything.
