Chapter 340: Equity Competition
At two o'clock in the afternoon, Tianqi Liye, which had opened low and fallen sharply throughout the day, was unsurprisingly close to the limit price, which was completely opposite to the trend of Vanke A.
By 14:15, the number of orders on Tianqi Liye's limit-down board began to increase, and the stock price was completely locked at the limit-down price, at 140.13 yuan.
On the trend line, Tianqi Liye broke through the five-day line and the 10-day line in succession, and is less than 1.5% away from the 20-day line support price of 138.29 yuan.
With the trend of limit down, it is inevitable that the 20-day line support will be broken tomorrow. As for whether it can eventually rebound and hold, it depends on the sales of the main institutions. If they have almost sold out, it will enter a deep correction.
If there are still a large number of chips that have not been sold, it is possible to make a second wave rebound along the 20-day line and then enter the correction stage.
After more than four months of sharp rise, Tianqi Liye's stock price has reached its short-term peak and is destined to experience more volatility as it enters the last month of 2015. Gu Junhao is not optimistic about its trend this month.
Gu Junhao sold a total of 6,300 lots of Tianqi Liye's holdings today. Since he decided to sell at the opening and the main chips were delivered in the morning, the average transaction price was relatively ideal, reaching around 146.5 yuan, and a total of 92.295 million yuan was recovered.
After reducing his holdings today, his original 30,000 shares have become 23,700 shares, and his holding cost has been reduced from 35.24 yuan to 5.51 yuan. If the 20-day line does not rebound and the stock price continues to fall, Gu Junhao will no longer reduce his holdings.
After the cost is reduced, there is no need to . On the contrary, if the trend moves out of the second wave top, you can continue to reduce positions. This is the advantage of bottom fishing on the left side with large funds and large positions. Reducing positions once can make you invincible.
However, with the registration system and the massive issuance of new shares, this model is no longer so useful. Funds are not favorable to the stocks you are bottom-fishing on the left side, so no matter how you bottom-fish, it will be useless.
Obviously, the registration system has increased the difficulty of left-side trading. If you still want to continue to implement the left-side trading model, you need to spend more effort to identify individual stocks and whether their sectors are favored by funds.
If a stock is not favored by capital, it is useless even if the company's performance is good.
At the end of the day's trading, Tianqi Liye's transaction volume was 1.73 billion yuan, a decrease of nearly 400 million yuan from yesterday, while Vanke A's transaction volume increased to 6.04 billion yuan, which was twice as high as yesterday.
The transaction volume of 6 billion yuan has also returned to the level at the beginning of the equity battle. There is no doubt that large off-market funds have once again intervened in the battle for Vanke's equity today.
After the market closed, Vanke's Dragon and Tiger List showed that the first buying seat, a seat of Southwest Securities Shenzhen Binhe Avenue Securities Branch, bought a total of more than 1.362 billion yuan, and the second buying seat was an institutional dedicated seat, which bought more than 1.07 billion yuan.
The two seats bought a total of more than 2.4 billion yuan, accounting for 40% of today's total trading volume; and the Binhe Avenue Securities Branch is the base camp of Jushenghua Asset Management, a subsidiary of Baoneng, and one seat bought more than 1.362 billion yuan in one day.
The institutional seats above the second buy position are most likely other seats that cooperate with Jushenghua Asset Management to buy products; of course, there are also other large funds lining up to take advantage of the situation.
As soon as the Dragon and Tiger List was released on the first day of December, Baoneng made another move and pushed Vanke A, which was in the vortex of equity competition, to the top of the financial circle's hottest position, and even became popular for a time.
Compared with Vanke A's list of top gainers and losers today, Tianqi Liye, which hit the daily limit today, is equally impressive. Institutions also frequently appear, and hot money also buys in large quantities at the bottom.
The first selling seat was Gu Junhao's seat, with a total sales of more than 92 million yuan. The second selling seat was also an institutional seat, with a total sales of more than 75 million yuan.
The top five seats, including Gu Junhao, sold a total of more than 320 million yuan. However, surprisingly, the buying volume of the top five today was as high as 460 million yuan, and the net buying difference reached 143 million yuan.
The Dragon and Tiger List had a net inflow of 143 million yuan, of which the buying seat of one institutional buyer totaled more than 138 million yuan. The dominance of one institution was somewhat unexpected.
"It seems that the main institutions inside have not yet finished their move, and a rebound from the 20-day line is likely to occur." Gu Junhao said with a smile when he saw the Tianqi Liye Dragon and Tiger List.
It’s up to you. I will sell if you push the price up. The circuit breaker will definitely not make me lose my chips. The more you buy and the higher the price goes, the more I will cut.
On December 2, Vanke experienced a huge intraday shock, with a trading volume of 11.34 billion yuan in one day. Vanke once again rose by 10.01%, and its share price reached 18.24 yuan. The post-market Dragon and Tiger List once again became the focus of everyone's attention.
Following yesterday's large purchases, Binhe Avenue Securities Business Department once again purchased more than 2.157 billion yuan today. Baoneng's large purchases for two consecutive trading days, in addition to pushing up the stock price, also threatened its position as the largest shareholder.
Today, the Shanghai Composite Index regained 3,500 points in one fell swoop. Real estate, securities, banking and other sectors rose sharply, among which the banking and securities sectors rose by more than 6%. A total of 45 stocks in the two markets hit the daily limit.
Small and medium-sized enterprises performed extremely weakly, with the ChiNext Index even falling nearly 5% at one point during the session. The battle to protect stocks and heavyweight stocks has reignited, causing big funds to focus on the blue-chip stocks, causing a huge blood loss effect on the small and medium-sized sectors.
Affected by the Baowan dispute, the concept of holding a stake that has emerged since July this year, some concept stocks even opened with a daily limit in the morning session today, especially in the real estate sector, where many concept stocks of holding a stake performed well.
The leader of the concept of raising a stake is undoubtedly Vanke, but compared with the game of big funds, hot money hopes to create a leader within its own system. Among them, Yintai Holdings and Langfang Development have performed well.
There is no room for hot money to play on Vanke's Dragon and Tiger List. A company with a trading volume below 200 million yuan is not eligible to be on the list. People like Gu Junhao who are lying in ambush can get some benefits.
On the Vanke Dragon and Tiger List, a new seat emerged today, also located in Shenzhen, Zhongguo International Shenzhen Securities Branch, which bought more than 1.545 billion yuan, and the two institutional seats that bought third and fourth bought nearly 1.5 billion yuan and 800 million yuan respectively.
All this means that the battle for Vanke's equity has entered a white-hot stage, and new and capable financial parties have entered the market. I don't know whether it will be Anbang or our Mr. Xu who will join in this time.
It is also possible that two waves of people entered the market at the same time. Anbang’s registered address is in the imperial capital, while Xu Daguanren’s headquarters is in Yangcheng. The institutional seats cannot determine which party’s funds are buying.
However, the purchase of second to fourth seats, with the amount ranging from more than 1.5 billion yuan to nearly 800 million yuan, clearly shows that new funding parties have participated in this game.
In the evening, Vanke A, whose cumulative deviation value of increase for two consecutive trading sessions exceeded 20%, responded to the Shenzhen Stock Exchange's report on abnormal fluctuations in stock trading. Apart from that, it did not announce the specific purchase quantity of Baoneng.
On Wednesday, December 3, Vanke once again reported an increase of 4.99%, with a daily trading volume of nearly 9 billion yuan. Vanke, whose trading volume decreased today, did not publish the Dragon and Tiger List. In fact, according to the rules, Vanke, which has risen by more than 20% for three consecutive trading days, can also publish the Dragon and Tiger List today.
However, there are always some special things about the great stocks, especially when it comes to the fight for equity. It is understandable that the Dragon and Tiger List was not announced today to cool down the hot stocks.
In the later stages of the battle for Vanke's equity, its trend was quite intense, with daily limit increases and daily limit decreases at frequent intervals; there were also constant off-market news, and there was even news that Baoneng's capital chain had broken and the stock price might fall to a certain level and a margin call might occur.
Gu Junhao, who had experienced this in his previous life, naturally knew that there were many retail investors involved. However, in this kind of market , not many retail investors could make money in this game.
In 2016, Vanke, which was in the midst of a fierce battle for equity, experienced a very long period of suspension. The performance after the resumption of trading was unsatisfactory for a long time, and off-market news was a new hot topic every day.
This also led to the fact that most retail investors who rushed in at high prices before the suspension were eventually afraid of adding variables and eventually sold out at a loss; in a battle for equity that lasted for several years, for retail investors, there was no so-called winner.
On December 4, Friday, the last trading day of the week, Vanke closed down slightly by 0.89% at 18.98 yuan, with a turnover of 7.23 billion yuan.
In the first four trading days of December, Vanke's total transaction volume exceeded 33.5 billion yuan, with an average transaction volume of 8.38 billion yuan per trading day. Obviously, Baoneng's purchase this time has reached a very large amount.
As expected, after the close of trading on December 4, Vanke issued an announcement: As of December 4, Jushenghua, through its asset management plan, purchased a total of 549 million A shares of the company in the Shenzhen Stock Exchange's securities trading system through centralized bidding and secondary market purchases, accounting for 4.969% of the company's total share capital.
At this point, after this change in equity, Ju Shenghua and its affiliated Chinese people hold a total of 2.211 billion shares of the company, accounting for 20.008% of the total share capital, making them the company's largest shareholder.
The announcement emphasized that this shareholder change was a change in the company's largest shareholder and did not involve a tender offer. Although the company's equity structure was dispersed, there was no controlling shareholder or actual controller.
According to relevant laws, the company believes that although the largest shareholder has changed, the company still has no controlling shareholder or actual controller.
This is probably the last stubbornness of Vanke's management. Even if your actual shareholding ratio has reached over 20% through four times of bidding, according to relevant laws, I still cannot recognize you as the actual controller of the company.
Hey, you buy yours, I just won’t acknowledge it. If you have the guts, buy more than 33% of the total share capital. In a sense, this approach also shows the helplessness of Vanke’s management at this time.
The barbarians have invaded the living room of his house, the largest shareholder has changed again, and he has no better solution at this time.
