Chapter 275 Release of Pledge
After listening to Gu Junhao's analysis, Zhang Yiru nodded and said, "Okay, you decide. I'll help you keep an eye on the bank."
In a society where relationships are important, it is relatively convenient to have an internal employee who can have a say in front of the leader .
Gu Junhao smiled and said to Zhang Yiru: "Thank you, Manager Zhang. I'd like to invite you to have lunch with me at noon."
"Go to hell, just sit there and wait until I'm done."
"Okay."
It was already approaching the midday closing stage. Inside the trading room of Junshi Capital, Xu Jianqing and others were trembling with fear. The Shanghai Composite Index fluctuated greatly in the morning's trading.
The Shanghai Composite Index opened nearly 1% higher in the morning and ended the call auction at 2926.57 points. Market sentiment reached its extreme before the official opening of trading.
The trend after the official start of trading was even more difficult to understand. Five minutes after the start of trading, the index went from a 1% increase to a red plate, but this was just an appetizer.
The index rebounded quickly after the sell-off. At ten o'clock after the second wave of rebound, the Shanghai Composite Index reached a high of 2978.03 points. The index rose by nearly 3%. The two waves of rise boosted market sentiment.
Everything seems to be the same as yesterday. The Shanghai Composite Index will attack the 3,000 point level today. With large amounts of off-market funds pouring in, the trading volume is gradually pushed to the peak.
At this moment, the market suddenly changed, and the Shanghai Composite Index began to fall from 2976.92 points, with a force even greater than the five-minute correction at the opening.
During the half-hour decline, the Shanghai Composite Index fell to a low of 2813.05 points, with an amplitude of nearly 5.7%, a drop of more than 160 points. The trend scared the funds that entered the market in the morning, as well as Xu Jianqing and others who were in the process of trading.
"Shit, the index is falling like this, it's life-threatening, all the stocks are falling as a result." Xu Jianqing said in horror , "It's a good thing the boss told us to sell Dongfang Wealth yesterday, otherwise this trend would be terrifying."
Dongfang Fortune opened high at 32 yuan in the morning, up 7.38%. As the index surged, the stock price soon reached 32.78 yuan, hitting the daily limit again.
Xu Jianqing is responsible for operating Junshi No. 2’s holdings in Dongfang Wealth.
Wang Ruoyu is responsible for operating Junshi No. 1 Dongfang Wealth. Today, Liu Tingting is responsible for the trading of Yinzhijie. Xibu Securities does not need to take care of him for the time being.
The performance of the securities sector remained very stable in the morning session, with Xibu Securities and Huanghe Securities both fluctuating sideways at high levels.
Within half an hour of the early morning surge, the three people simultaneously reduced their holdings in the two stocks. Dongfang Wealth hovered near the daily limit for nearly 20 minutes, making it very convenient to reduce their holdings.
Wang Ruoyu reduced his holdings by a total of 15,000 lots, while Xu Jianqing reduced his holdings by 20,000 lots; although Yin Zhijie's morning trading volume also increased several times, it was still more difficult compared to Dong Fang Wealth.
Liu Tingting tried hard to sell Yinzhijie at a better price in the early trading session, but there was no limit on the trading volume, so she only sold 5,000 lots at around 54 yuan. When she wanted to reduce her holdings of the remaining shares, the market had suddenly changed.
At 10:36, when the Shanghai Composite Index fell to the bottom, Dongfang Fortune fell from its upper limit to around -4%, while Yinzhijie began to fall rapidly from the 56 yuan price level and was close to the lower limit at this time.
The rapid sell-off taught the three newcomers a good lesson. Yin Zhijie was already close to the lower limit, and the stock price fell by more than 16% in half an hour. The three had never encountered such a trend before.
It was Wu Peng's words that calmed the three of them down. Under such ups and downs, it was no longer suitable to operate. Anyway, the reduction of positions had been basically completed, and there was no need to continue the operation.
Gu Junhao's Tonghuashun also fell from a high of over 70 yuan in the morning to around 63 yuan, with a fluctuation of more than 12%. The ChiNext Index plummeted, with the decline reaching 5% at one point.
By midday closing, the ChiNext Index fell below 1,600 points to 1,573.60 points, down 2.97%. The Shanghai Composite Index rebounded after a rapid sell-off and closed at 2,881.27 points at midday, down 0.63%.
The trading volume of the Shanghai Composite Index in one morning was as high as 431.9 billion yuan. Such a huge volume of transactions also shows the increasingly serious divergence of funds, and the trading volume of individual stocks has increased significantly.
Gu Junhao did not notice such a thrilling scene in the morning. Investors who participated in the trading in the morning, whether they were buying at the bottom or chasing highs, were all scared.
While eating, Xu Jianqing, who had calmed down, said to Liu Tingting: "Tingting, are you still selling the Yiyin Zhijie?"
He and Wang Ruoyu were lucky and have completed the task of reducing their positions very well. Currently, Junshi No. 2 still has 10,000 lots of Dongfang Fortune left, but the holding cost has dropped to 0.1396 yuan.
Although Dongfang Wealth fell sharply in the morning, judging from its trend and trading volume, it is the best among the GEM stocks and there is no need to sell it for the time being.
Among Junshi No. 1's holdings, Dongfang Wealth only has 5,000 lots left, and the bottom position is already very small. There is no need to sell it anymore.
"I won't sell anymore. There are still 6,000 lots left. If I sell these 6,000 lots again, the price will probably stop falling. There's no need to do that." Liu Tingting said softly.
Yinzhijie's morning transaction volume was close to 200 million yuan. Although some of the shares were sold below the high point of 56 yuan, most of the shares were sold at a relatively low price. Now that the stock price has fallen a lot, selling further would be a mindless market crash.
"Are you scared?" Wu Peng said with a smile as he looked at the three of them.
"Well, I was scared. I have never experienced this kind of situation. The boss is not here today. Fortunately, I gave instructions yesterday, otherwise I don't know what to do." Xu Jianqing said honestly.
"How does Mr. Gu usually deal with such intense market conditions?" Cao Wenxun asked curiously.
"Normal? It hasn't been this intense before, but most of the time I have reduced my positions in advance. Now I either buy at the bottom or wait and see." Xu Jianqing recalled.
"Mr. Gu can regularly reduce his holdings precisely according to major trend adjustments?" Xu Jianqing said this, and Cao Wenxun became more curious. Even Wu Peng showed great interest.
"More or less. It's like this most of the time, so we were always quite excited when we encountered major adjustments before." Wang Ruoyu said with a smile.
The previous adjustments were indeed like this, but the three had never encountered such a wide range of fluctuations as today, and it was unclear how Gu Junhao would deal with Xu Jianqing, Wang Ruoyu and others.
In the morning, when the index fell sharply, it was still the big financial sectors led by the securities sector that came forward to maintain the market. The Shanghai Composite Index was able to rise quickly, and the securities sector played an indispensable role.
For small and medium-sized enterprises that have no weight to protect them, the market situation is extremely tragic. In addition, stocks with Chinese characters in their names remain in a half-dead state, and there are mixed ups and downs within the sector.
…
At noon, after having lunch with Zhang Yiru , Gu Junhao took a short nap in her office, and then drove to Xushen Company, where Xu Dong was waiting for him.
When he is not on a long business trip, Gu Junhao likes to drive himself. He likes the feeling of taking his destiny into his own hands. Since hiring a driver, Junshi Capital has purchased another Mercedes-Benz.
The original car is now used for business reception and executive travel, and the new one is for Gu Junhao's personal use. For the company, it is a normal practice to deduct a certain tax rate from the purchase of such a luxury car.
There are many companies of all sizes in Ningbo, and the streets are filled with BBA cars. There is a reason for this. Compared with the older generation of entrepreneurs who prefer the A among BBA, Gu Junhao prefers Mercedes-Benz.
On weekdays, there were not many pedestrians on the road. Beicang is not a big city, so Gu Junhao drove very smoothly. In less than half an hour, he arrived downstairs of Xushen Company.
After parking the car, Gu Junhao greeted the front desk and went straight to Xu Dong's office. He hadn't been there for a while, and Brother Xu's company had changed a lot, even setting up a front desk.
Gu Junhao has also been to many such industrial companies, but only a few of them have a front desk. For example, Jiang Jianbai's Berning Auto Parts does not have a front desk. After entering the door, you just need to greet the security guard, register, and then drive your car in at will.
The last time he came to Xushen, there was no front desk here; as soon as he entered Xu Dong's office, Gu Junhao heard Xu Dong's hearty laughter.
"Hahaha, brother, why are you in such a hurry to get money to redeem your shares? The market performance this morning was too scary."
"Ah? What do you mean, brother? I was at the bank in the morning and didn't look at the stock market." Gu Junhao said a little puzzled. Gu Junhao indeed did not pay attention to the stock market trend in the morning.
Seeing that Gu Junhao was not pretending, Xu Dong also explained with a smile: "I saw them discussing in the group at noon. They said that the market fluctuated wildly in the morning, which was scary. Many people who bought stocks in the morning have lost a lot of money."
Then, Xu Dong continued, "You are really alert, brother. I didn't realize it when you told me last night, but the trend this morning shows that you are very good at stocks."
With the help of Xu Dong's computer, Gu Junhao also took a rough look at the morning's trends and the market conditions after the afternoon opening. The wide fluctuations in the high trading volumes in the Shanghai and Shenzhen stock markets in the morning were indeed very scary, but the trend in the afternoon was much smoother.
"Hey, brother, you're overthinking it. I just need money and want to sell some stocks to spend. You see, I'm getting married soon, so I have to have some money in my hands. It can't always be paper wealth." Gu Junhao lied.
"You can just lie with your eyes open, but this attitude is correct. Anyway, this is how business is done. You can't reveal your cards." Xu Dong also said with a smile.
"Haha, I'm telling the truth. If I wasn't short of money, I wouldn't be able to find you, brother."
"Okay, you're awesome, but is the market trend really okay? Even though I don't know much about stocks, I know this is scary. Has it really reached its peak?"
"It's not the peak yet, it's just an adjustment. This is how adjustments happen in a bull market. It's normal. Just don't act rashly if you're not sure." Gu Junhao said directly.
“You mean it’s a bull market now?”
"Well, it's a bull market, but what I just said is not all nonsense. I really need to improve my financial situation. My cash flow is too low, which has caused a lot of inconvenience to my life."
Xu Dong took a deep look at Gu Junhao, and then said, "You are an extraordinary young man. Since you think it is a bull market, you can still operate at your own pace so calmly. If it were an ordinary person, he would have already leveraged."
"Brother, you are too kind. There is no end to making money, and the stock market is not going to close soon. Steady income is the only way to go." After a pause, Gu Junhao smiled and said, "I have to thank my brother for his help this time. Is there any problem with the funds?"
"No problem. I'll ask the finance department to call you right away. But let me make this clear first. You have to transfer every cent to my account before next Friday , and the interest can't be less."
Gu Junhao said confidently: "No problem, I will transfer the money to your account according to the rules before next Friday."
With this amount of funds, even if the bank's money is delayed for a few days, he can quickly repay this short-term debt after selling Tong Huashun, unless Tong Huashun is suspended overnight.
Even if Tong Huashun was suspended overnight, he would not be able to use the funds. The only loss would be a few days' interest. Considering all factors, it is unlikely that Gu Junhao would default on his short-term debt.
"Okay, I won't keep you any longer. I'll call the finance department right now. If you need anything, you can go first. You can go and redeem your stocks while they are still at work."
Xu Dong also said decisively that he knew the department's working hours, and it would be difficult to ask them to work overtime for you on weekends.
The two chatted for no more than half an hour and had just finished a pot of tea. The matter was settled, which could be said to have gone very smoothly. After the finance department confirmed the payment, all they had to do was wait for the money to arrive in the account.
Gu Junhao also drank the last sip of tea decisively, left a message saying "Come to my office for tea when you have time" and left in a casual manner. Xu Dong watched Gu Junhao leave, smiled at his back and said nothing.
Things like loans and handling formalities all require Gu Junhao to handle himself and cannot delegate them to others. After a day's work, Gu Junhao looks quite busy.
The afternoon trading was also in full swing. Compared with the wide fluctuations in the morning, the Shanghai and Shenzhen stock markets appeared to be much more stable in the afternoon. Securities firms still began to pull up and maintain the market at the opening stage of the afternoon.
However, compared with the trading volume in the morning, the trading volume of the Shanghai and Shenzhen stock markets in the afternoon was reduced by half. Most of the funds still flowed into the securities sector. Xibu Securities and Huanghe Securities once again reported daily limit increases. Huanghe Securities was unprecedented in its unprecedented increase in trading volume of 7.41 billion yuan to the daily limit.
With the trading volume of the Shanghai and Shenzhen stock markets shrinking by nearly half in the afternoon, the Shanghai Composite Index finally achieved a V-shaped reversal and closed at 2937.65 points, up 1.32%, leaving a very long lower shadow on the K-line.
In Shenzhen Stock Exchange, the Shenzhen Component Index ended its ten-day winning streak and closed with a false negative line on the K-line, rising 0.37% on the day. In fact, this was already the eleventh consecutive positive trend, while the ChiNext Index failed to rebound in the afternoon.
The ChiNext eventually fell 2.46% with large volume, and the index closed at 1581.91 points. The relevant ChiNext constituent stocks and small and medium-sized sectors all fell sharply, and the differences between the two markets were vividly demonstrated.
"It's still the boss's writing that's awesome. The ChiNext Index plummeted, but the brokerage firm told us to keep it and it'll rise sharply. It's a pity that the boss is not in the trading room today, otherwise I would have to flatter him hard, haha."
"I don't know where the boss is. What should he do with his Tong Huashun? I'm quite curious."
Tonghuashun's amplitude today exceeded 12%, and its final trend was stronger than the ChiNext Index. It ended this week's trading with a share price of 65.48 yuan, up 0.43%. However, Tonghuashun plunged sharply in the late trading, and the K-line also showed a high-level cross false negative line, and the trading volume was also over 1 billion yuan.
