Chapter 273: Daily Limit Upsurge
The brokerage firm's trend was very stable in the morning, with funds gradually flowing in, and there was not much activity in the early trading.
Without any effort from the three major financial sectors led by securities companies, the Shanghai Composite Index was able to smoothly hold steady at 2,800 points. This shows that yesterday's big plunge has absorbed most of the short-selling power.
Today, the trends of the Shanghai and Shenzhen stock markets and most of the individual stocks appear to be more stable than yesterday. The stock index has been moving slowly upward along the daily moving average, without the same ups and downs as yesterday.
With such a solid trend, even if there are adjustments, they will be relatively benign, and there will not be the same ups and downs as yesterday. Compared with yesterday's plunge in the Shanghai Composite Index and the bottoming out and rise of the ChiNext Index, today's money-making effect is better.
After listening to Gu Junhao's analysis, Xu Jianqing and others nodded, said nothing more and started to eat. For Xu Jianqing and Wu Peng, the performance of the Chinese characters this week was average.
The performance of the two Chinese-character stocks they held was not as good as the market. During the four days of trading, the two of them were the least busy, while Wang Ruoyu was the busiest, simply because the holdings he operated had the largest fluctuations.
After lunch break, trading continued in the afternoon, and the trend was very consistent with Gu Junhao's judgment. In the morning, small and medium-sized growth sectors and theme stocks performed actively, and after entering the afternoon, brokerage stocks that performed steadily in the morning began to move frequently.
Xibu Securities was the first to start moving abnormally since September this year. As soon as the market opened in the afternoon, the stock price rose by more than 8%, and large orders poured in rapidly.
"Today is going crazy. The market has already surged in the morning, and the brokerage firms are making further efforts in the afternoon. It's outrageous." Wu Peng, who was relatively relaxed, stared at the big screen and laughed.
"The emotions are out of control. The market has gone crazy at this point and there is no reason at all." Cao Wenxun went on to say that his trading stock, Yellow River Securities, is also gaining momentum.
Gu Junhao smiled and said nothing, but he was thinking that this was just the beginning. Just wait and see next year. By then, the scene of everyone investing in stocks will be even crazier than it is now.
During the crazy period of 2015, you could run into a few stock investors even if you took the wrong road. The Tibetan Mastiff Group, which later became famous in the stock market, began to rise during that period...
The collective agitation in the securities sector again drove the index forward further. At 13:22, Xibu Securities hit the daily limit, with the share price at 27.16 yuan. The daily limit surge in the securities sector also followed.
At 1:30 p.m., Huanghe Securities reported 12.47 yuan, also reporting the daily limit. There were a huge number of orders on the daily limit board for both stocks. Up to now, among Gu Junhao's series of holdings, 4 stocks have hit the daily limit.
Since the limit-up of Dongfang Fortune and Tonghuashun was closed in the morning, the limit-up has never been opened, and there are still a huge number of orders at this moment.
With the surge in daily limit stocks in the securities sector, the Shanghai and Shenzhen stock markets have completely entered a frenzy period. Funds on the sidelines can no longer sit still, and the situation can no longer be described as rushing into the market.
The index did not pause at all. At 2 p.m., the Shanghai Composite Index was at 2857.10 points, up 2.79%. The Shenzhen Component Index made history at this moment, with the index closing at 10005.83 points, up 3.75%.
This is also the first time that the Shenzhen Component Index has reached 10,000 points since February 18, 2013. Over the past 22 months, the Shenzhen Component Index has experienced two extremely tragic declines.
Especially on March 21 this year, the Shenzhen Component Index fell below 7,000 points, with a drop of more than 3,000 points. However, nine months later, the Shenzhen Component Index once again stood above 10,000 points, giving people a feeling of being in another world.
"It's crazy. Today is completely crazy. Fortunately, the stocks with Chinese characters did not perform, otherwise the index might be close to the daily limit again." Wu Peng said with a wry smile.
Xu Jianqing also had a bitter look on his face. It could be said that today's daily limit had little to do with the two of them. The stocks with Chinese characters in their names simply rose along with the increase in the index.
Currently, Zhongguo Communications Construction has risen by less than 1%, while Zhongguo First Heavy Industries is relatively better, with the increase barely reaching around 2%. The two stocks underperformed the index in the same period.
The crazy market is still ongoing, with the index setting new highs step by step. The Shanghai Composite Index shows no sign of looking back and continues to rise until the closing stage of the trading day.
At 15:00, the Shanghai and Shenzhen stock markets closed. The Shanghai Composite Index touched 2900.51 points at the end of the trading day and closed at 2899.46 points, a sharp increase of 4.31%. It rose 119.93 points in one day, which was a very crazy performance.
The performance of the Shenzhen Component Index was no less than that of the Shanghai Composite Index. The Shenzhen Component Index closed at 10029.83 points, with a daily increase of 385.91 points and a huge increase rate of 4%.
The ChiNext, which had most of the funds sucked away by the main board in the afternoon, performed relatively averagely, but it also closed at 1621.85 points for the whole day, up 1.08%.
The Shanghai and Hong Kong stock markets continued to set new records today with a total transaction volume of over 930 billion yuan, heading towards the goal of a trillion yuan transaction volume and the Shanghai Composite Index reaching 3,000 points.
However, although the performance of the ChiNext Index was relatively average, the individual stocks were still good. Yinzhijie surged 8.93% in the late trading, and its share price broke through the 50 yuan mark today, closing at 53.16 yuan.
Today, the general rise effect in the market is very obvious, with countless stocks rising by more than 5%. As for stocks that have hit the daily limit, after excluding new stocks and ST stocks, the number has doubled compared to yesterday, reaching more than 80.
In the after-market retail investor communication group, long-term investors would be embarrassed to see people if they didn’t have a daily limit of more than 5%, or short-term investors would be embarrassed to see people if they had never encountered a daily limit stock.
Under this trend, the calls for a bull market in the Shanghai and Shenzhen stock markets have been widely recognized, and the investment mentality of ordinary retail investors has inflated to the extreme, and they do not even take stocks that have not reached their daily limit seriously.
The Shanghai Composite Index rose to 2,900 points in one day, making everyone confident that it will break through 3,000 points tomorrow. After the market closed, due to the high popularity of A-shares, Gu Junhao received a very unexpected hot search.
Fans were in a very good mood after the big surge, and they had nowhere to vent their emotions, so they pushed the term "Brother T's market value exceeds 100 million!" into the top 20 of the hot search list, which made Gu Junhao laugh and cry.
However, judging from the after-market Dragon and Tiger Lists of Dongfang Wealth and Tonghuashun, it is not ruled out that someone deliberately made this hot search list in order to attract attention.
After the market closed, the number one on the Dongfang Wealth Dragon and Tiger List was the Shanghai Fushan Road Securities Branch where Tong Huashun had previously bought a huge amount of securities, with the purchase amount exceeding 160 million yuan.
Tong Huashun's Dragon and Tiger List shows that the Shanghai Gang is collectively selling. Liyang Road sold more than 20 million yuan through T-doing, and Fushan Road was ranked fourth with a sales amount of nearly 15 million yuan.
"This is a routine of pulling up the big and getting the small." Gu Junhao said with a smile after analyzing the Dragon and Tiger list.
Dongfang Wealth's trend is relatively stable due to the support of public funds, while Tonghuashun's follow-up orders have obviously declined in recent trading days. If you want to ship out the goods quickly and better, there is no other way except to push up the price.
By buying large amounts of Dongfang Wealth and being the first to hit the daily limit, more funds can be attracted to Tonghuashun to follow suit, which will make it more convenient for them to sell their shares.
If nothing unexpected happens, after the adjustments in the previous two trading days and today's daily limit, several seats in the Shanghai Gang have sold most of their positions. It is estimated that the seats with smaller buying positions are close to clearing their positions.
In the next few trading days, the Shanghai Gang should still maintain the attitude of selling. Any increase may become their selling target, which can be understood from the recent increase in trading volume.
Everything has its pros and cons. The increase in trading volume can be understood from two aspects. The first is that after the market has risen sharply, funds began to diverge, and large amounts of profit-taking sought to stop profits.
The second is a big round of rise, which attracted too much off-market funds to enter the market. The influx of a large amount of funds laid a foundation for the rise in the future market. This is from a long-term perspective, and it is true for the overall market and individual stocks.
In the post-market review, judging from the trends of a series of Dragon and Tiger list funds and the performance of star stocks in the Shanghai and Shenzhen stock markets, the overall market sentiment today has reached near a peak.
This is not a good thing. When the entire market is bullish, it often means the beginning of an adjustment; and adjustments at high levels are often more drastic.
Limited by the size of the sector, the ChiNext is naturally the first to be affected. It has entered a high-level sideways trading stage in the afternoon. While funds are pouring into the main the outflow of funds is bound to increase significantly.
Overheated sentiment and the rapid rise in stock prices naturally require modifications to the trading plan. The original idea of aiming high has become somewhat inappropriate, especially for Junshi No. 1.
In each round of adjustments, the ChiNext is naturally the first to be affected. As a fund that holds a large number of ChiNext stocks, Junshi No. 1 will suffer huge losses if it fails to adjust its trading strategy in time.
At the post-market review meeting, Gu Junhao said to everyone: "Today's market sentiment is overheated, and we have to change our trading strategy."
Gu Junhao did not expect that off-market funds would enter the market so quickly. The Shanghai Composite Index rose from 2,680 points to 2,900 points within three trading days, which was somewhat outrageous.
"Are you going to reduce your holdings?" Wu Peng asked first. He could probably guess what Gu Junhao was thinking. Today's market was so hot that it was a little frightening, especially for them who had experienced a big bear market.
"Well, let's start with Dongfang Wealth and Yinzhijie. Dongfang Wealth and Yinzhijie will reduce their holdings tomorrow, and we will take a look at the remaining brokerage firms and stocks with Chinese characters in their names first." Gu Junhao said in a deep voice.
Due to the influx of large amounts of funds, it is still unknown whether the market trend can continue. At present, there is no sign of any adjustment trend. The Chinese-character stocks have almost no performance in this round of surge, and it is somewhat unwilling to reduce positions at this time.
Dongfang Wealth is different from Yinzhijie. Dongfang Wealth was forcibly pulled up to the daily limit price by hot money today. The crowded public funds will naturally not allow it to happen like in Tonghuashun.
This is indeed the case. Since its establishment, Dongfang Wealth has never had a continuous rise in prices, and Yinzhijie did not even have a daily limit today, which is already an obvious trend of falling behind.
Gu Junhao's analysis made Wu Peng and Cao Wenxun smile at each other; it was rare that this young boss could make such a calm analysis under the hot market trend.
Previously, the two had witnessed Gu Junhao's stock selection ability through the holdings of the two funds, and this week's high-profile moves and timely adjustments when market sentiment was overheated also proved Gu Junhao's position management ability.
