Chapter 303: First Step into the Wine Industry
After a whole month of trading, it is time to release the net value of the funds. Last Friday, Junshi Capital did not announce the specific net value of the two funds, but still released them together at the end of this month according to its usual practice.
However, the changes in the net value of Junshi funds at the end of March did not attract much attention from the market. With the stock market soaring, investors, except for the clients of the two funds and die-hard fans like Li Ze, have no time to pay attention to the so-called fund rankings.
Currently, retail investors are rushing into the market and it is too late to make money. There is no need to pay attention to anything else.
The rising trend of heavyweights and small and medium-sized enterprises in late March enabled the two Junshi funds to achieve breakthroughs in net value, especially Junshi No. 2 Fund, which achieved a significant breakthrough.
In the last two trading days of this month, two of the three stocks held by Junshi No. 1 were suspended, leaving only one stock, Xibu Securities, that could be traded, which is extremely rare.
The result was that Wang Ruoyu had no stocks to trade throughout the day and could only operate Xibu Securities' intraday T with Liu Tingting.
However, within two trading days, the operability of Xibu Securities was also very high. Especially on March 31, Xibu Securities followed the market to rise and fall, with an amplitude of up to 10.97% and a trading volume of 2.57 billion yuan in one day, which gave the two enough room.
Throughout March, Xibu Securities achieved a monthly increase of 21.35%, and the stock price finally closed at 44.90 yuan. The highest price of the month, 48.88 yuan, was particularly interesting.
The sharp rise at the end of the month and the income from T-trading made the overall scale of Junshi No. 1 exceed 498 million yuan, and the net value rate was as high as 12.4,599 ; since it first topped the list, Junshi No. 1 has been running at a rapid speed, leaving its followers far behind.
This month is also a harvest month for Junshi No. 2. Among the four holdings, excluding the suspended Dongfang Wealth, the one with the lowest increase is Huanghe Securities, which increased by 8.25% for the whole month.
As one of the leading Chinese-character stocks, Zhongguo Jiaojian led the entire fund with a 33.60% increase throughout the month. The holdings of 200,000 lots brought the market value of Zhongguo Jiaojian to 369.8 million yuan.
Zhongguo Communications Construction once again hit the upper limit price of 19.72 yuan at the opening today, but was subsequently affected by the plunge of the main board and the stock price finally closed at 18.49 yuan, up 3.12% on the day.
Another Chinese-character stock, Zhongguo First Heavy Industries, ended two months of adjustment and this month stabilized on the five-day line at the monthly level before surging 16.41%, with the share price closing at 6.10 yuan.
At present, the position distribution of Junshi No. 2 is mainly 450,000 lots of Zhongguo First Heavy Industries, 200,000 lots of Zhongguo Communications Construction, 250,000 lots of Yellow River Securities and 60,000 lots of Dongfang Wealth.
The four supporting positions plus cash have brought the overall scale of Junshi No. 2 to 1.3528 billion, with a net asset value ratio of 2.7056, continuing to rank second in the ranking.
The pursuer of Junshi No. 1 has changed from Henghua No. 1 to Junshi No. 2.
…
The Shanghai and Shenzhen stock markets both achieved breakthroughs on the first trading day of April, and a general upward trend was again seen throughout the day. The Shanghai Composite Index successfully stabilized at 3,800 points, and the ChiNext Index also successfully stabilized at 2,400 points during the same period.
On the news front, the statistics department released the PMI index for March, which was 50.1%, a slight increase of 0.2 percentage points from the previous month and returned to above the critical point. At the same time, the non-manufacturing business activity index remained at 53.7 %, 3.7 percentage points above the boom-bust line.
Yinzhijie's performance was mediocre again today, with its share price closing at 136.03 yuan; after the market, Yinzhijie issued an announcement, announcing a major chip event, and its stock will be suspended from trading from the opening of the market on April 2, 2015.
The announcement of the suspension of Yinzhijie also made Gu Junhao feel relieved. It seemed that his previous judgment was correct. Then the large-scale purchase by institutions on March 27 made sense. It seemed that someone knew the news in advance.
Early Tuesday morning, when Gu Junhao entered the trading room, Xu Jianqing and others were discussing the suspension of Yin Zhijie. Wu Peng and others seemed to have some regrets about Gu Junhao clearing his positions before the suspension.
Since the stock market accelerated and continued to rise in late March, Gu Junhao put aside the company's specific affairs and appeared in the trading room frequently. The fund has reached an important period of time that he can control.
It is understandable that before the bull market in 2015, most stocks that were suspended due to favorable conditions ended up rising sharply after resuming trading. Even big companies like CNR and CSR had multiple consecutive daily limit increases.
However, Gu Junhao had his own considerations. He just wanted to sell before the suspension, even if it meant making less money.
"Yin Zhijie can delete his own selections. You don't have to look at them anymore." Looking at everyone's ongoing discussion, Gu Junhao did not give too much explanation, but just said with a smile.
Wu Peng and others also realized from Gu Junhao's expression that their operation on Yin Zhijie should stop here; although it was a pity to sell before the suspension, the continuous position adjustment had a profit of up to 15 times, which was still very wonderful.
Stimulated by favorable factors, the two markets saw further growth. On April 2, the Shanghai and Shenzhen stock markets opened higher again, regardless of the overnight decline in overseas stock markets, and then continued to fluctuate higher.
The Thursday effect seems powerless in the face of the big rise, and the market can do nothing but rise, rise, and rise.
The electrical, insurance and securities sectors that surged yesterday once again became the main force pulling the main board upward. The ChiNext also continued to explode today. No sector in the two cities fell again, and the charging pile sector as a whole surged by more than 7%.
In the charging pile sector, Gu Junhao remembers a rather magical stock called "Century Star Source". This company, which transformed from a real estate company to hype the concept of charging piles, had risen by more than ten consecutive daily limits in 2015. The main institution that hyped the concept was truly unique.
However, with the subsequent stock market crash, the company continued to decline until its rebirth. Its stock was already in disgrace and on the verge of delisting. It is really unacceptable to hype up the company without any performance.
Gu Junhao looked up the stock of this company and originally wanted to make some quick bucks, but it turned out that this company had been suspended since December 26, 2014 and has not resumed trading yet.
"What a pity! If I had thought of it earlier, I could have made a quick buck. The average daily trading volume of 100 or 200 million before the suspension was still good." Gu Junhao muttered with some regret as he looked at the price of 4.14 yuan.
There is no way to avoid missing out. This kind of junk stock can only be hyped for a while. Although the returns are very high, once you miss it, you miss it. However, at present, there is only one stock of Junshi No. 1 available for operation, which is a serious waste of human resources.
Gu Junhao, who originally did not plan to buy the shares, had to change his mind and could only select a new stock for Wang Ruoyu to trade.
Currently, there are 212 million yuan of funds in Junshi No. 1 account. Since the establishment of positions last year, small and medium-sized start-up stocks that have risen by more than four or five times are obviously no longer suitable for investment. There is no need to say much about Tong Huashun and Yin Zhijie. Even Wan'an Technology, which was abandoned by Gu Junhao before, is now trading at a price close to 25 yuan.
After looking through the major sectors, Gu Junhao made a decision. There was nothing to buy, so he bought some liquor. Currently, this sector is still at a low level.
This can be regarded as a tentative operational preparation for the subsequent operation of the fund.
"Ruoyu will start building a position in Wuliangye today and try to deposit the funds within two trading days. Let's tentatively set the position at 150 million yuan." Gu Junhao said to Wang Ruoyu.
The first target chosen must have been Maotai Liquor, but compared with Wuliangye, the trading volume of Maotai Liquor, whose current share price is less than 200 yuan, is actually lower than that of Wuliangye. The average daily trading volume of Maotai Liquor is around 1 billion yuan.
However, the average daily trading volume of Wuliangye, which is currently priced at around 23 yuan, is over 1.5 billion yuan. Comparing the two, in a trial warehouse situation, the one with the highest trading volume must be chosen.
"But the price now is really cheap. It's worth owning even if there is a stock market crash." Looking at the share prices of these two leading wine companies, Gu Junhao sighed secretly.
Everyone in the trading room was surprised that Gu Junhao chose to build a position in liquor. The liquor industry has not changed much since last year and is obviously not a hot topic.
Cao Wenxun, who bought stocks privately, was very confused. Was Mr. Gu planning to make up for the low-weight rally? Should he follow suit this time?
On Friday, April 3, the Shanghai and Shenzhen stock markets took another step forward. The Shanghai Composite Index rose 1% throughout the day to close at 3863.98 points. The ChiNext Index successfully broke through 2500 points with a rise of 1.41% to 2510.16 points.
In two trading days, Wuliangye's trading volume was 1.52 billion and 1.47 billion yuan respectively. The trading volume of nearly 3 billion yuan could easily accommodate Gu Junhao's 150 million yuan position.
Finally, Wang Ruoyu completed the position building at an average price of 23.20 yuan. Since then, Junshi No. 1 has owned 65,000 lots of Wuliangye in its account. Wuliangye closed at 23.41 yuan on Friday, up 0.21%.
Gu Junhao did not plan to make much profit from building a position in Wuliangye. In addition to using the idle funds after Qiyin Zhijie reduced his position, he was more motivated by the intention of letting Wang Ruoyu maintain his touch.
The trend of Wuliangye is somewhat similar to the trend after Dongfang Wealth established a position last year. If the trading volume is sufficient, Wang Ruoyu will be able to do it more easily.
However, by choosing Wuliangye to build a position, Gu Junhao was also suspected of being a slacker, in addition to testing the waters for future operations. The net value of Junshi No. 1 is already so high that there is no need for large-scale action.
"Okay, it's time to get off work. There's no need to announce the net value today. Everyone go home early. Also, keep your cell phones open during holidays and be careful when you go out to play." After a week's trading ended, Gu Junhao said to everyone.
Qingming Festival falls on Sunday, so there will be a day off next Monday, making a total of three days of holiday, which is a good opportunity to relax.
Judging from the trading process, there was no sign of capital outflow during the three-day Qingming Festival holiday. Instead, funds were entering the market at an accelerated pace. The continuous influx of funds brought infinite vitality to the stock market.
