Chapter 302 March Ends
After two consecutive weeks of sharp rise, the ChiNext Index has rebounded from around 2,000 points to over 2,400 points. Judging from the K-line, the ChiNext Index has been breaking history with an incredible eight-week winning streak.
The Shanghai Composite Index is also approaching 3,800 points after three consecutive weeks of sharp increases . The renewed popularity of blue chip stocks is leading the market investment sentiment.
There are only two trading days left this month, and market investment sentiment remains very high; and in Gu Junhao's view, the suspension of CNR and CSR again also means that the A-share market has officially entered an acceleration period, and a crazy era is about to come.
The suspension of CNR and CSR this time is just to hold a shareholders' meeting to discuss the merger. In theory, it should not last as long as the last time. Dongfang Wealth also released a series of announcements during the suspension.
The most eye-catching of these was the letter of intent to purchase signed by Tongxin Securities , which meant that Dongfang Wealth had entered the substantive stage of its full acquisition of Tongxin Securities.
CNR and CSR, which are the bellwethers of the main board market, have been suspended again, while the specific progress of the major acquisition and reorganization of Dongfang Fortune, the company with the largest market value on the ChiNext, all the superficial trends represent the actions of capital.
Tonghuashun, the only leader in the Internet finance sector since Dongfang Wealth was suspended, unexpectedly hit the limit down on Thursday and closed down again on Friday with a drop of 1.28%, closing at 119 yuan.
There was no negative news. After three consecutive daily limit increases and daily limit decreases, Tong Huashun released a series of data on the stock price changes, trying to further explain the stock price fluctuations.
From an indirect perspective, the series of data released by Tong Huashun in a timely manner played a certain role in maintaining the stock price. Although Tong Huashun was still in a downward trend throughout the day on Friday, its stock price turned positive quite a few times.
The total transaction volume for the day was 1.28 billion yuan, and the turnover rate as high as 8.1% allowed many people to escape successfully, including part of the holdings of Cao Wenxun and Li Ze.
Influenced by Gu Junhao's liquidation of Yin Zhijie and Tong Huashun's limit down, Cao Wenxun called his wife as soon as he got home that night and directly liquidated his positions on the second trading day to lock in the profits.
Li Ze was also stunned by Tong Huashun's continuous rise and limit down. Li Ze, who still held 10,000 shares, was already afraid of Tong Huashun's rise.
He had never experienced a stock rising like this, but he was unwilling to sell out 10,000 shares directly, especially after the limit down. So today, when Tonghuashun plunged in the late trading, Li Ze reduced his holdings by another 5,000 shares at a price of 121 yuan.
Tonghuashun’s highest price on that day was 124.90 yuan, and its lowest price was 115.10 yuan at the opening. Li Ze was already very satisfied that he could reduce his position by half at the price of 121 yuan.
The average price of the first reduction in holdings of 15,000 shares was around 850,000 yuan, while the average price of the second reduction in holdings was 121 yuan. In just half a month, the profit difference was more than 40 points. It is impossible to say that I don't feel bad.
If those 15,000 shares could be held today, the profit would be an additional 540,000 yuan. However, through two reductions in holdings, Li Ze recovered a total of 1.88 million yuan, and the market value of his holdings was still 595,000 yuan.
No matter how the stock price falls, Li Ze has already made a fortune. He has no specific goal for subsequent operations. In the coming days, Li Ze plans to keep an eye on the changes in the two Junshi funds to find new investment targets.
However, recently, Li Ze's mind was not on the stock. After his family found out that he had made a lot of money, Li Ze couldn't stand his parents' nagging and started looking for houses.
In the eyes of most parents, stock trading is no different from DB. The same is true for Li Ze’s parents. Making a lot of money accidentally once does not mean that they can make the same money every time.
However, Li Ze did not follow his parents' advice on the specific location of the house. His parents wanted him to buy a house in their own county. After all, Li Ze had been to college, so he had some knowledge in this regard.
The house in the county town is of no use to him. He spends a few days at home every year. Of course, it is better to buy a house in Jincheng. The current average house price in Jincheng is around 7,500 yuan.
A better location may be more expensive, but not that much. For Li Ze, who now has nearly 2 million in cash, it is no pressure at all.
Li Ze, who was used to spending money lavishly, signed a purchase agreement for a 120-square-meter property accompanied by his parents, paying in full!
At the moment of officially signing the house purchase agreement, Li Ze felt as if he was in another world. It turned out that this house was earned from stocks. He did not need to spend even a penny of his savings for the subsequent decoration!
Of course, if I save up my salary to buy a house, I don’t know when it will take; although the salary is good, it also costs a lot.
…
March 30, Monday; the Shanghai and Shenzhen stock markets opened higher again, benefiting from the impact of the joint construction of the Silk Road Economic Belt released at the weekend's BGI Forum. One Belt, One Road related industries such as cement, infrastructure, ports, and construction machinery sectors rose sharply at the opening.
At 9:45, after 15 minutes of trading, the two markets began to diverge. The ChiNext Index, which opened high and rose to the five-day line, faced pressure and began to dive, while the heavyweight stocks that were favored by funds continued to lead the Shanghai Composite Index upward.
The morning belonged to the One Belt One Road initiative. The share price of Zhongguo First Heavy Industries, which had returned to above its June price, rose by more than 5% at one point. Zhongguo Communications Construction, one of the leading stocks, opened higher again today after hitting the daily limit last Friday.
By 9:45, the share price of Zhongguo Communications Construction was 17.84 yuan, up 9.45%. At 9:50, nearly 200 million yuan of funds pushed the share price of Zhongguo Communications Construction to the upper limit again, and the share price was 17.92 yuan.
It is hard to imagine that today, when the trading volume was not too large in 2014 and 2015, big companies like CNR and CCCC can easily hit the daily limit, which is enough to show how crazy the market is.
Gu Junhao didn't know the exact date of when the weighted market would become crazy, when Zhongguo First Heavy Industries and Zhongguo Communications Construction would rise to the highest level, but there was a sign that the magic car would reach its peak, so it would be right to reduce holdings at that time.
The morning trading ended with the Shanghai Composite Index continuing to rise and the ChiNext Index continuing to fall. At noon, the Shanghai Composite Index rose 1.62% while the ChiNext Index fell sharply by 1.86%.
Tonghuashun continued the pattern of opening high and closing low today, just like the index. At the midday close, the stock price was 110.60 yuan, a sharp drop of 7.06%. The stock price has fallen below the 10-day line price of the daily line, which made Cao Wenxun, who had cleared his positions, very happy.
However, Gu Junhao did not show any expression. In a bear market, there are mostly long-lasting rises, while in a bull market, there are mostly sharp falls. In Gu Junhao's view, the correction of Tong Huashun after the sharp drop today is a normal trend. The intraday break is not a real break. The specific results depend on the closing results.
What's more, during the process of Tonghuashun's rise and adjustment, the trading volume was not very large; instead, Yinzhijie's performance showed signs of reaching its peak.
After Yinzhijie opened high in the morning, its stock price quickly rushed to 147.40 yuan, and then it was hit by a market sell-off. A rapid drop of nearly 10% caused Yinzhijie's stock price to hit a low of 132.32 yuan at 9:45, down 4.70%.
After the V-shaped reversal, Yinzhijie's stock price never exceeded its previous high after the second round of increases. It was reported at 146.95 yuan and then began to fluctuate downward. At the midday close, the stock price closed at 132.40 yuan, a drop of 4.64%.
At the midday close, there were market rumors that the central bank would hold a press conference to relax the down payment ratio for second homes and other issues. The real estate sector quickly rose after the afternoon opening, and the Shanghai Composite Index also approached the 3,800 point level under this circumstance.
The Belt and Road Initiative, insurance, and real estate continued to suck blood, causing small and medium-sized enterprises to further expand their declines. The software and Internet + sectors, led by Tonghuashun, Yinzhijie and others, led the decline.
Yinzhijie hit the lowest limit price of 124.96 yuan in the afternoon, with an amplitude of up to 16.16% throughout the day. It fell 6.37% at the close, and the stock price closed at 129.99 yuan. The K-line was always connected by a large negative line.
Tonghuashun also fell to the limit price in the afternoon, but the stock price rebounded afterwards and finally closed at the integer price of 110, a drop of 9%. The price of 110 yuan can barely hold the 10-day line of the daily line.
Since creating a high of 133.93 yuan on March 25 , Tong Huashun has fallen as much as 21.75% in three trading days. The ChiNext Index also fell by 1.43% today. Like Tong Huashun, it barely held the 10-day line position on the daily chart.
The Shanghai Composite Index surged 2.59% today, reaching a high of 3795.93 points throughout the day, without touching 3800 points, and closed at 3786.57 points. The trading volume of 692.1 billion yuan also led the Shanghai and Shenzhen stock markets to return to the trillion-yuan trading day.
The 28 trend continued again on March 31, but this time it changed direction. The weight was sluggish and corrected throughout the day. The Shanghai Composite Index opened sharply higher at 3822.99 points and then began to fall rapidly.
At 2 o'clock in the afternoon, it plunged more than 1.5% at one point and finally closed at 3747.90 points, ending this month's trading with a daily drop of 1.02% and a monthly increase of 13.22%.
The ChiNext Index reversed yesterday's decline with a surge of 1.95% during the day and returned above the five-day line. For the whole month, the ChiNext Index surged 21.12% and finally closed at 2335.17 points.
Yinzhijie, which plummeted yesterday, performed relatively averagely today compared with Tonghuashun. Its share price closed at 134.89 yuan, up 3.77% on the day. Yinzhijie had a huge fluctuation, but its trading volume continued to shrink.
However, Yinzhijie's 50.72% increase this month, an increase of more than 10 times in revenue, still stands out in the market. Compared with Tonghuashun, Yinzhijie's popularity is not much lower.
After three days of slump, Tonghuashun rebounded extremely strongly today. By 10 o'clock, the increase had exceeded 4%. Then within half an hour, it quickly rose to 121 yuan, hitting the daily limit again.
Throughout the day, Tonghuashun's stock price increased to 1.61 billion yuan with a long positive line, penetrating the daily 10-day line and the five-day line, and ended March's trading with a monthly increase of 40.68%.
The final price of 121 yuan also set the total market value of Tong Huashun in Gu Junhao's personal holdings at 193.6 million yuan. During the entire month, the highest market value of Gu Junhao's Tong Huashun exceeded 214 million yuan.
