Chapter 306: Junshi No. 1 has 15 times the profit!
After yesterday's soul-stirring rebound, trading in the Shanghai and Shenzhen stock markets on Friday seemed unusually excited. At the end of the call auction, Zhongguo CSR and Zhongguo First Heavy Industries both closed at the daily limit.
CNR and CSR, which have been rising for four consecutive days, have pushed their total market value to 1 trillion yuan today with an accelerating straight-line trend. The concept of a trillion-yuan market value has also attracted the attention of the current market. CNR and CSR have been dubbed the "God Car" by A-share investors.
This round of surge in a series of Chinese-character stocks triggered by supply-side reform has officially entered a crazy stage as the market value of CNR and CSR exceeded one trillion yuan. At the same time, the financing scale of the Shanghai and Shenzhen stock markets has exceeded 1.7 trillion yuan.
At present, the average daily trading volume of the Shanghai Composite Index has increased from 600 billion yuan to about 800 billion yuan per day. The increase in trading volume and the increase in financing leverage ratio are pushing the stock market forward step by step.
Behind this 1.7 trillion yuan of financing leverage, there are also countless non-compliant off-market financings, like adding fuel to the fire.
Dongfang Fortune once again opened with a flat board, and the share price has reached 35.60 yuan. Affected by the climax of holding the Zhong-character series of stocks, Zhongguo Jiaojian, which performed generally yesterday, also opened at a high price of 20.62 yuan, and the share price once again stood above the daily five-day line.
"Now that Jiaojian has regained its footing, do we still need to clear out the inventory?" Wu Peng looked at Gu Junhao and asked.
"Well, continue to clear the inventory, but you can wait. If the market accelerates, you should be able to sell it at a good price. It's up to you to decide the details." Gu Junhao said with a smile.
CSR, which has been hitting the daily limit, has no shortage of selling funds. In just one minute after the opening, CSR had completed a transaction of 487 million yuan. Large orders flowed out from time to time during the trading session. However, due to the huge volume, the stock price never opened the daily limit and remained at 35.88 yuan.
Zhongguo First Heavy Industries also had no shortage of selling power, with a turnover of 155 million yuan at the opening, but like CNR and CSR, it never hit the daily limit.
Stocks with Chinese characters in their names continued to perform well today. In addition to those that hit the daily limit, big names like Zhongguo Jiaojian also opened high and continued to rise. At 9:40, the share price of Zhongguo Jiaojian was 21.41 yuan, up 5.05%.
The Shanghai Composite Index has maintained a high-level oscillating upward pattern since it opened at 4254.72 points. At this moment, the index remains between 4280 points, and the Shenzhen Component Index also maintains a sharp rise.
The ChiNext Index did not continue yesterday's performance today. After opening high, it plunged downward under pressure from the 2,500 points and the five-day line. By 10 a.m., the ChiNext Index fell to near the flat point, with a drop of more than 1%.
The resumption of trading of Dongfang Fortune did not have much impact on the index. At the end of the day's trading, the ChiNext Index closed at 2463.99 points with a drop of 0.82%, and the Shanghai Composite Index rose by 2.20%, with a turnover of 915.6 billion yuan.
Zhongguo Jiaojian fluctuated higher throughout the day and hit the daily limit at 2:30 p.m., with the share price at 22.42 yuan. However, at 14:50, it was hit by an influx of more than 350 million yuan, and the share price jumped by more than 5%.
At 14:54, Jiaojian received more than 90 million yuan of bottom-fishing funds, and the stock price rebounded. It finally closed at 22.20 yuan at the end of the trading day, up 8.93% on the day, and the trading volume reached 7.37 billion yuan.
After the end of today, Junshi No. 2 welcomed its first liquidated stock, Zhongguo Jiaojian, with a total of more than 494 million yuan in funds recovered. Compared with the initial position building cost of 120 million yuan, the return has more than quadrupled.
After the end of trading on April 17, with Zhongguo First Heavy Industries' 28.74% increase in the week and Dongfang Fortune's two consecutive gains after its resumption of trading, in addition to CSR's 61.11% increase in the week and Zhongguo Communications Construction's high-level liquidation.
The net value of two Junshi funds saw a huge explosion this week. The overall scale of Junshi No. 1 officially exceeded 600 million yuan, and the net value rate reached an astonishing 15.0195. The overall scale of Junshi No. 2 also reached over 1.568 billion yuan, with a net value rate of 3.1371, officially entering the era of a net value of 3.
The total scale of the two funds exceeds 2 billion yuan, which will officially push Junshi Capital into the ranks of upper-middle-class private equity management companies. In particular, Junshi No. 1's return of more than 15 times is no less popular than that of the magic car this weekend.
After the market closed on the 17th, in the two days following the weekend, the magic car was undoubtedly the hottest topic in the market. Its trillion-dollar market value was widely reported by major media, and it once reached the level of breaking the circle and topped the hot search list.
Since resuming trading after the Qingming Festival, Shenche is undoubtedly the most popular stock in the entire market; the most discussed topic about Shenche is where its end is.
The vast majority of voices indicate that with the acceleration of the one-digit daily limit trend and the support of huge orders on Friday, the stock will at least replicate the three one-digit daily limit increases at the time of resumption of trading before it opens the board.
In the entire market, everyone is crazily bullish, and the most eye-catching one is the article "4000 points is the beginning of the A-share bull market."
The One Belt One Road Initiative, the popularity of supply-side concepts, the 4,200-point level, and the fact that the benchmark stocks of this round, CNR and CSR, have a market value of over one trillion yuan, led the Japanese newspaper to publish an article this weekend titled: 4,000 points is just the beginning of the A-share bull market, and it also received strong support from another important media.
The article counterattacked the overseas media's view that A-shares should prepare for the bursting of a super bubble. In a country with a total GDP of more than 10 trillion US dollars, on the basis of great stability, security and a sound economy, the A-share valuation of 4,000 points is not a bubble.
On the contrary, 4,000 points should be seen as the beginning of a bull market. Investment risks naturally cannot be ignored, but in the long run, the capital market will have a true reflection of the China Dream as long as investors do not treat the capital market as a casino.
As the carrier of the Chinese Dream, A shares contain enormous investment opportunities!
The major media published an article so openly supporting A-shares. Once the article was released, it caused a widespread response in the market. Countless people who had no experience in stocks but had unlimited trust in the country began to rush into the market again.
I have to say, after reading this article again, even Gu Junhao, who is in today's hot market, can feel his blood boiling, let alone other ordinary people who have not experienced it.
At that time, the level of trust in major media was much higher than the time before Gu Junhao was reborn. With the rapid economic development, social conflicts were far less than in later generations.
Su Mingyu also seemed very excited this weekend. The market value of his CSR holdings was the same as Gu Junhao's, both were 17.94 million yuan. At this moment, Su Mingyu no longer cared to avoid suspicion and found Gu Junhao to discuss the trend of CSR.
Gu Junhao could understand Su Mingyu's performance very well. Investors who had not experienced the second half of the bull market in 2015 could not understand how crazy this period was. This madness could not be expressed in words.
However, Gu Junhao did not remind him about CSR reaching its peak. Su Mingyu's profit was enough to support him even if CSR fell back to its original point. If CSR and SNR continued to fall after reaching their peaks and Su Mingyu had not reacted, then he would be no different from an ordinary retail investor.
However, Gu Junhao still gave a simple piece of advice: "Be calm, don't be affected by the market, just do what you have to do. The most important thing for a qualified investor is to stay calm."
I believe that based on Su Mingyu's investment experience, after CNR and CSR reach their peak, he should be able to understand the meaning of this sentence. All he has paid is a little bit of profit withdrawal, and the tuition fee is worth it.
Under the attention of the public, trading on Monday, April 20th, was welcomed. CNR and CSR, which have attracted much attention from the market, ushered in a new trading day.
Gu Junhao came to the trading room and looked through all kinds of market information over and over again. The whole market was already in a frenzy of long sentiment, especially CNR and CSR. Even though Gu Junhao was not sure about the peak day of CNR and CSR, he knew that clearing the inventory today would definitely not be a mistake.
The market's consistency is so strong that it has reached a fanatical level, especially with the heavyweight media adding fuel to the fire. As long as it is not an absolute low, it is basically no problem to trade stocks in the opposite direction of the media.
At 9:15, the call auction began. CNR and CSR both remained at the same level. Emotions were extremely high. Gu Junhao did not hesitate too much and directly asked Wang Ruoyu to clear out his Zhongguo CSR shares at the lower limit price at 9:15.
Wang Ruoyu's heart was beating wildly, and he subconsciously glanced at Gu Junhao and said, "Boss, limit down? Are you sure you didn't say it wrong?"
"Stop talking nonsense. Just do it if I tell you to." Gu Junhao said decisively. An order of 5,000 lots worth less than 20 million yuan is not a big order in CSR. If you want to clear the order as quickly as possible, you have to play around with time and price.
Other people in the trading room were also frightened by Gu Junhao's boldness. Experienced traders like Wu Peng also knew that excessive market consistency was not a good thing for individual stocks.
Everyone can understand that Mr. Gu would think of clearing his inventory, but what was unexpected was that Mr. Gu was so determined to do so that he was willing to set the lower limit price.
"Fortunately, CSR only has 5,000 shares. If it had been 50,000 shares, the boss's nuclear button would have exploded directly." Xu Jianqing sighed. He had never expected that Zhongguo CSR would have ended up like this.
Originally, it was just a short-term operation he made by accident, but he didn't expect that it was kept by the boss. Now the market has increased several times.
The abnormally high emotions resulted in a non-cancellable order period of 9:20 minutes, and CSR was still firmly locked at the price of 39.47 yuan until 9:25, when the formal bidding ended. Zhongguo CSR reported a price of 39.47 yuan, opening at the daily limit.
After Gu Junhao pressed the nuclear button and Zhongguo CNR's decision, no one in the trading room took any action except Wang Ruoyu who placed an order. Especially Xu Jianqing and Liu Tingting, who knew Gu Junhao better, realized that something exciting was going to happen today.
The trading room was quiet. As time passed, after 9:25, the number of orders placed on the highly consistent "God Car" had reached one million.
At 9:30, official trading began. Just one second after the opening, a huge order of over 170,000 lots instantly poured out. In the second, another sell order of over 300,000 lots was instantly eaten up.
Two seconds, but in the blink of an eye, many people didn't even notice that the orders on the CSR board were reduced to less than 700,000 lots. Wang Ruoyu looked at the delivery order on the time-sharing chart and couldn't help shouting, "Fuck!"
Looking at the orders again, the orders of less than 700,000 lots were being withdrawn madly. In an instant, there were only more than 100,000 lots of orders left for CSR. However, within just a few seconds, tens of thousands of buy and sell orders were still being traded.
Ten seconds later, the share price of CSR had dropped from 39.47 yuan to 39 yuan. When the time just entered 9:31, the share price of Zhongguo CSR plummeted from 39 yuan to 37.01 yuan, directly creating a huge pit of 7%, which stunned the entire market.
