Chapter 298: Numpy in the morning, smiling in the afternoon.
After today's closing, some media reported that in the block trading market, a suspected QFII seat sold the super-heavyweight stock Zhongguo Ping An at the limit price, which triggered market concerns about the exit of foreign capital.
Judging from last Friday's market, the main force behind the decline in heavyweight stocks was indeed some QFII-heavy holdings. Among their top 20 holdings, only one stock rose slightly today, and the downward trend was very obvious.
From the perspective of sectors, blue-chip stocks with good performance, such as banks and home appliances, which are favored by foreign capital, also saw the largest declines. News about the outflow of foreign capital was widely discussed this weekend.
Now is the period of the Two Sessions, and from time to time some news that may affect the A-shares will come out, making the A-share market appear extremely unstable. Once there is any disturbance, it will cause panic in the market.
The reason is that the psychology of some investors has been affected. This is also one of the reasons why Gu Junhao believes that there are fewer operations during similar large-scale meetings. There are too many uncertainties in the market and it is difficult for retail investors to grasp it.
In a market that you cannot grasp in a short period of time, the best option is to watch more and act less.
On Monday, March 9, in addition to the less than ideal weekend news, the overnight foreign market also performed poorly, with both the Shanghai and Shenzhen stock markets opening lower; Tonghuashun opened lower at 79.34 yuan.
Since reaching a high of 92.68 yuan on February 17, Tong Huashun has been retreating continuously after the Spring Festival. Up to now, the stock price has retreated 16.81% from the high point. Even the announcement of its 2014 performance report on the last trading day of February could not stop it.
This performance report, which has not been audited by an accounting firm, is already quite impressive; due to the continued activity of the domestic A-share market since the second half of 2014 and the surge in demand for Internet financial services, Tonghuashun's performance and net profit have both achieved substantial growth.
Unfortunately, the market did not buy into this very impressive performance forecast as much as before. The different market trends in the short term and the high stock price were among the factors restricting Tonghuashun's rise.
In fact, in Gu Junhao's opinion, the real explosive period of Tonghuashun and Dongfang Wealth's performance was a few months before and after the stock market crash. 2015 can be regarded as the real first year of Internet finance.
There are many companies like Tong Huashun and Dongfang Wealth that focus on solving the stock trading needs of investors. Fortune Trend, which will be listed on the Science and Technology Innovation Board in the future, is also one of them. Gu Junhao has been using the software of these three companies in his past life and this life.
In addition to these real Internet financial companies, there are also various hyped companies in the market, such as the "fart spit fart" concept, which was once very popular, not to mention the subsequent national release of foreign Internet companies.
It was under such circumstances that the reputation of Internet companies became increasingly worse; in the following years, there was even a point in time when people were calling for their destruction.
However, Internet finance is still strongly supported by policies today. As one of the main themes in this round of bull market for small and medium-sized enterprises, it is far from being condemned by everyone in the future.
Tongnian Huashun's opening price in the morning is very close to the 20-day line of the daily line and the lowest price of the weekly line last week. Whether it can hold this position will determine the future trend of Tonghuashun.
After the trading officially started, affected by the depressed sentiment in the Shanghai and Shenzhen stock markets today, Tongnian Huashun's stock price opened low and continued to fall rapidly. The trading volume was also very low. As of the last trading day, Tongnian Huashun's trading volume had fallen back to around the 600 million yuan mark.
Within two minutes of trading after the opening, Tonghuashun's stock price fell below 78 yuan, with a turnover of only around 20 million yuan. At 9:34, Tonghuashun's stock price was 77.88 yuan, down 2.58%, and very close to the 20-day line price of 77.67 yuan.
At this time, various small and medium-sized orders continued to pour into the market. For a while, Tong Huashun's stock price began to rebound rapidly. By 9:40, Tong Huashun was pulled up to 79.66 yuan by a series of small and medium-sized orders, a rebound of more than 2%.
"The volume is not large. Is this a test or are retail investors betting on a rebound?" Gu Junhao couldn't help but smile as he looked at the rebounding stock price; 77.88 yuan is exactly the lowest price of Tonghuashun today. This number is quite interesting.
With the rapid rebound of the stock price, Tonghuashun successfully turned positive three minutes later, and the stock price rose to above 81 yuan at 9:45. The inflow of funds was slightly more than that at the opening, but it was still all individual orders of less than 200 lots, which was very confusing.
At this time, the ChiNext Index has also turned positive. Judging from the time-sharing chart, the trend is almost exactly the same as Tonghuashun. Gu Junhao switched the interface to Yinzhijie again. This time, Yinzhijie reported 81.44 yuan, and the stock price rose by 2.40%.
Unlike the index and Tong Huashun, Yinzhijie opened slightly higher in the morning today. Just like Tong Huashun, it briefly fell to the flat price and then quickly pulled up. The trading volume increased a lot compared with the previous trading day.
“Is this a switch to high-priced stocks again? But it looks like the adjustments have been almost the same, all around the 20-day line.”
After analyzing several small and medium-sized high-performing stocks, most of these stocks achieved different degrees of rebound near the daily support level, leading the ChiNext Index upward.
The stabilization of high-priced stocks is undoubtedly a good thing for the rebound of small and medium-sized enterprises. When investment sentiment is not high, only small and medium-sized enterprises can give it a try. Compared with low-priced miscellaneous sectors, high-priced stocks naturally have a better ability to drive sentiment.
Compared with Tonghuashun, Yinzhijie, which had a large volume in the early trading, reacted faster. At ten o'clock, after a brief decline in volume after a rise, Yinzhijie's stock price started to rise again.
The order processing method is still the same as Tonghuashun. Through batch buying of small and medium-sized orders, Yinzhijie's stock price quickly rushed to 83.67 yuan in a short period of time, and the stock price rose by 5.21%. At 10:13, Yinzhijie was reported at 84.80 yuan, and the stock price rose by 6.63%.
In less than 45 minutes, Yinzhijie's trading volume was close to 90 million yuan, which was also about half of the trading volume of the previous trading day. The trading volume increased along with the sharp drop in the stock price, which basically confirmed that Yinzhijie stabilized during the day.
Tonghuashun also began to move abnormally at this time. The stock price of Tonghuashun was 80.50 yuan. Its intraday performance was not as different from the opening. There were two purchases of 2,500 lots and 1,100 lots, and the trading volume was close to 50 million yuan during the same period.
Tonghuashun's stock price rose rapidly, and the ChiNext Index also made great strides forward. Correspondingly, the ChiNext Index had risen by 0.7% at this time. The stock index was reported at 1964.99 points, successfully standing firm on the 10-day line of the daily line.
Judging from this situation, the ChiNext Index and its core hot concept stocks have rebounded after stabilizing at the corresponding support levels. It seems that they are not prepared to wait until the end of the two sessions.
The Shanghai Composite Index, which opened low at the moment, still maintains at 3,200 points, fluctuating repeatedly with a drop of around 1%; the bulls and bears are also repeatedly fighting for the Shanghai Composite Index near the support level.
The securities sector once again led the decline in both markets, with Xibu Securities falling more than 6% and Huanghe Securities falling more than 5%; the performance of securities firms has undoubtedly become an important factor dragging down the broader market.
At 10:27, Yinzhijie briefly hit the daily limit. During the same period, Tonghuashun's increase reached 5.52%, and its stock price has returned to above 84 yuan. Correspondingly, the Internet finance sector also experienced collective movements.
The ChiNext Index has now risen to above 1,970 points and is heading towards 1,980 points. Signs that small and medium-sized enterprises are stabilizing ahead of schedule have become increasingly obvious.
An hour later, the high-priced theme stocks that had recovered began to move sideways at a high level after the morning rally, and the corresponding ChiNext Index continued to set new intraday highs during this process.
When the Shanghai Composite Index entered the market at 11:06, the brokerage firm's second intraday test brought the index once again close to the 3,200-point integer mark, considering the support position.
The two markets were severely divided. In the morning trading, bears undoubtedly prevailed over bulls in the Shanghai market. At the midday close, the Shanghai Composite Index closed at 3210.86 points, down 0.94%.
The ChiNext Index closed at 1988.94 points, up 1.51%. A series of theme stocks including Internet finance rebounded in the morning session, bringing a ray of sunshine to the recent sluggish stock market.
However, some investors who bought Shanghai Stock Exchange constituent stocks were not so lucky. Most of the declines this morning were in Shanghai Stock Exchange stocks. For investors who rushed into the securities sector when the interest rate was cut last weekend, it was particularly depressing.
The sharp drop in brokerage firms in the morning made investors lose all hope for the Shanghai Composite Index to rise. Some investors who could not stand the continuous decline for several days even sold their stocks at a loss during the midday closing.
However, during the lunch break, news came that added uncertainty to the afternoon's trading.
At 12:30 noon, the market heard that the head of the China Securities Regulatory Commission, who was attending the two sessions, said in an interview with the media: "We still support the rise of this round of bull market, the expectations of the reform bull market remain unchanged, and the A-share market will still go out of the slow bull market in 2015."
As a specific person in charge, it is rare for him to publicly support the bull market theory of A-shares. Investors who sold their stocks in the morning had indescribable feelings when they saw this news.
"MD, I sold my shares before the market closed, and you told me this? Why didn't you tell me earlier?"
"This idiot is out talking nonsense again. The securities companies are in such a mess, and he's still talking about a bull market."
"Will it pull in the afternoon? This is good news, right? The person in charge publicly supports it."
"Oh my god, is he trying to trick me? I sold blue chips this morning and jumped into small and medium-sized start-ups. If he pulls blue chips, won't I cry to death?"
“Go, go, go, support the bull market!”
…
At 1:00 p.m., trading began in Shanghai and the mainland. As a response to the CSRC chief's public comments in support of A-shares, the Shanghai Composite Index rose .
The three major financial sectors, led by securities firms, responded first, rising from a sharp drop, and the Shanghai Composite Index quickly rose; only half an hour later, the Shanghai Composite Index rose from a drop of nearly 1% to near the flat point.
Xibu Securities and Huanghe Securities rebounded again from below the 60-day line. The banking sector, which had recently fallen sharply due to the interest rate cut, performed well. A series of commercial banks such as Ningbo Bank rose sharply.
At 13:38, the Shanghai Composite Index turned positive and closed at 3241.47 points. The ChiNext Index entered a high-level pattern trend, and funds re-entered the weighty sectors, which made the ChiNext Index, which was previously expected to break through 2000 points in the afternoon, increase sharply.
However, fortunately, today the ChiNext Index and its constituent stocks did not do the same as before, and began to dive rapidly when the weight increased. Although the index rose slowly, it still maintained an upward trend.
From this point of view, today's weight and the increase in the Shanghai Composite Index are not the result of a switching game of funds on the market, but more like the re-entry of incremental funds from the off-market.
This also made some investors who switched from heavyweight stocks to small and medium-sized enterprises in the morning breathe a sigh of relief. Although it was painful to cut losses in the early trading, it was more painful to be hit on both ends.
At 13:50, the Shanghai Composite Index closed at 3269.90 points, up 0.89%. The index regained its footing on the five-day trend line. In the morning, the total turnover of the Shanghai Composite Index was 120 billion yuan, and within the 50-minute trading time in the afternoon, the turnover exceeded 100 billion yuan.
At 14:05, the Shanghai Composite Index fluctuated and adjusted to 3263.79 points after touching the 5-day line pressure level. The index started to rise again, and the securities sector pulled back from a drop of nearly 5% to within 2%.
At 14:15, many commercial banks in the banking sector hit the upper limit price, the real estate sector rose and the decline widened. The Shanghai Composite Index closed at 3298.04 points, up 1.75%.
Looking at the Shanghai Composite Index's sharp rise, Gu Junhao couldn't help but think: "That's pretty fierce. This is obviously an increase in off-market funds. It seems that there is some important news that has not yet been announced."
It is impossible that off-market funds will enter the market blindly just because the person in charge continues to support the bull market; under such remarks, there should be other continuous positive news and policies to be released.
At 14:25, the Shanghai Composite Index broke through 3300 points and reached a high of 3307.70 points at 14:40. The intraday volatility reached 3.37%, and it only slowed down its upward momentum when it rebounded nearly 3% in the afternoon.
Although the ChiNext Index rose by more than 2.5% in the morning, it failed to break through 2,000 points in the afternoon. The index reached a high of 1,996.90 points, and the overall volatility remained at around 0.6%.
At 15:00, during the closing period, influenced by the speech given by the head of the China Securities Regulatory Commission during the midday interview, the Shanghai Composite Index increased significantly after rising, and finally successfully broke through 3,300 points, closing at 3,302.41 points, up 1.89% on the day.
With a morning turnover of only 120 billion, the Shanghai Composite Index achieved a total daily turnover of 359.9 billion, and the afternoon turnover was nearly twice that of the morning.
The ChiNext Index finally closed at 1994.39 points, also rising 2.20% on the day; Yinzhijie hit the daily limit and finally closed at 84.50 yuan, rising 6.25% on the day, reversing the negative line of the previous trading day.
Tonghuashun also achieved a daily-level counter-attack trend today, and its trading volume increased by nearly 400 million yuan compared with the previous trading day, ending today's trading with a total transaction volume that once again exceeded 1 billion yuan.
Throughout the day, Tonghuashun surged 5.96%, and its share price closed at 84.65 yuan. A big positive candle stood firm on the 20-day line and the 5-day line; however, it was still suppressed by the 10-day line at 86.17 yuan.
Today, Tonghuashun’s highest price reached 84 yuan, and it still dared not test the 10-day line.
For investors who hold Shanghai stocks today, they experienced a day of numbness in the morning and happiness in the afternoon; and for those who sold their stocks in the morning, it was even more infuriating.
