Chapter 381 The Last Carnival of High Dividend and High Transfer
On April 13, both the Shanghai and Shenzhen stock markets opened higher, and then the three major stock indexes showed a trend of fluctuating higher. The Shanghai Composite Index once rose by more than 2% during the session, setting a new high in nearly three months, with a maximum of 3097.16 points.
The ChiNext Index's intraday gains once reached nearly 3%, and the index also hit a three-month high of 2330.06 points.
However, the three sectors that drove the Shanghai Composite Index up today were nonferrous metals, coal, and securities, while the other sectors performed generally. The bank and liquor sectors, which had performed well in the early stages, both stalled today.
Today there was a rare surge in brokerage stocks. It is really interesting to use brokerages to lead the index in a bear market, haha.
Seeing this, Gu Junhao said to Liu Tingting: "Only the index rose, but not the individual stocks. It looks like it has basically reached its peak. The speed can be faster."
"Okay, I understand. But I think we can wait a little longer for Yinbaoshanxin and Huangshanghuang. We don't hold a lot of shares, so it would be a pity to sell them now."
Yinbaoshanxin announced its profit distribution plan for 2015 yesterday and launched a high dividend and bonus plan of 10 for 20. The stock price was capped at the upper limit yesterday, which was very strong.
At the opening today, Yinbaoshanxin jumped sharply, opening with a gain of 7.63%. After strong turnover in the morning, the stock price once again closed at the daily limit of 48.84 yuan.
This secondary stock was new and had been listed for less than half a year, but it put forward a 10-for-20 distribution plan in its first annual report, which attracted a lot of attention.
Such a high distribution method of 10 for 20 would be unimaginable in the future, but it is just right now. The current market buys into this, and the concept of high bonus and share transfer is one of the hottest sectors in recent times.
Although the bonus and share transfer of Yinbaoshanxin is very exaggerated, it is not particularly exaggerated in the Junshi Group or even the entire market. Tianqi Liye, which is a proprietary trading company, has already launched a high bonus and share transfer plan of 10 for 28, causing the stock price to rise steadily.
This meaningless stock transfer is completely useless except for making the stock price lower, which is conducive to speculation and facilitates the subsequent reduction of holdings by major shareholders. By the time the new village chief realizes this, the market will be in big trouble.
This is probably the last highlight period of high dividends and bonus shares, but what Liu Tingting said makes sense. Gu Junhao had already seen Yin Baoshan’s new routine in his previous life. The stock price also reached a high of around 80 yuan. It would be a pity to sell it now.
Apart from Wan'an Technology, the only one that I can remember in the new stock market is Yinbaoshanxin. The others are all selected by myself based on experience.
Yinbaoshanxin still has room for growth of about 30 yuan. It is a pity to sell it now. It is better to wait and see. With such a strong trend, I dare not say it will reach 30 yuan, but there will be no problem in getting another 20%.
As for Huang Shang Huang, the reason why Liu Tingting does not want to liquidate her stock is that the current increase in this stock is not significant, and the overall profit is less than 15%. Judging from the trend, it seems that large funds are also building positions. Selling at this time is almost equivalent to handing over the chips to others for nothing.
Currently, Junshi Value Investment holds 6,800 shares of Yinbaoshanxin and 7,000 shares of Huangshanghuang. In terms of the overall market value of these two stocks, even if they are not cleared temporarily, it will have little impact on Junshi Value Investment.
"Okay then, just clear out the other ones, and keep Yin Bao Shan Xin and Huang Shang Huang for now. I'll tell you when Wan'an Technology is cleared out."
"Okay, I will try to clear them all before the 15th. It shouldn't be a big problem." Liu Tingting answered confidently. She sold two stocks yesterday, and had two more on hold. It would be easy to clear four stocks in three days.
In afternoon trading, the three major indexes all fell to varying degrees. The Shanghai Composite Index finally closed at 3066.64 points, up 1.64%. The ChiNext Index fell below 2300 points to 2294.02 points, up 1.33%.
The K-line of the three major indexes all left a long upper shadow line. In the evening, the central bank carried out MLF operations for 17 financial institutions totaling 285.5 billion yuan, including 127 billion yuan for three months and 158.5 billion yuan for six months. The interest rates were the same as the previous period, at 2.75% and 2.85% respectively.
This MLF operation is the third one conducted by the central bank this year. This method of releasing medium-term liquidity is also known as a disguised reserve requirement ratio cut in the industry.
At the same time, the Shanghai Stock Exchange and the Shenzhen Stock Exchange also announced the new financing balance of 514.174 billion yuan, an increase of 3.962 billion yuan from the previous trading day. The financing balance of the Shenzhen Stock Exchange was 378.113 billion yuan, an increase of 4.509 billion yuan.
The total financing balance of the Shanghai and Shenzhen stock markets reached 892.287 billion yuan, an increase of 8.472 billion yuan, setting a new high in two months.
The two pieces of news were generally regarded as positive by the market. Some stock analysts and big V experts also timely called out the medium-term target of a rebound to 3,500 points. On the evening of the 13th, the entire market was immersed in the sentiment after the stock index breakthrough.
The positive sentiment and favorable factors did not have an immediate effect in the next day's trading. On Thursday, April 14, the Shanghai Composite Index opened high and then fell, maintaining a volatile trend throughout the day.
The market suddenly gained momentum at the end of trading, with the index closing at 3082.36 points, up 0.51%. The trading volume shrank by more than 96.3 billion yuan compared with yesterday's 331.4 billion yuan.
The newly listed stocks sector once again became the most active sector in the two markets today. With the potential impact of high dividend and bonus expectations, nearly 20 newly listed stocks hit the daily limit today.
Among them, Yinbaoshanxin once again hit the daily limit, and Huayuan Packaging, which was held by Junshi Price Investment, also hit the daily limit . Huayuan Packaging, which hit the daily limit with large volume, also became the third secondary stock of Junshi Price Investment to be cleared.
Due to the continuous pull-up of secondary new stocks since their listing, there is generally an expectation of high bonus and share transfer. Under the situation where high bonus and share transfer are still hot, the market in the past two months can be described as extremely hot.
Honestly speaking, if it weren't for the need to announce his holdings tomorrow, Gu Junhao really didn't plan to sell under such a good situation, fearing that holding too much would affect subsequent selling plans. But there was nothing he could do if the timing was not right!
However, it is not ruled out that some small institutions want to take advantage of the position release period to increase shipments, adjust positions and exchange stocks to attract retail investors to take over.
There are countless tricks in A-shares. Since you have executed the plan, it is best to follow your own plan. Otherwise, you may suffer a big loss due to greed.
On April 15, except for Huayuan Packaging, which had been liquidated yesterday, most of the other stocks had also been reduced. There is no problem in clearing the positions today, and there is no need to worry about any abnormal changes in trading volume.
Today is the third trading day that the Shanghai Composite Index has launched an attack on the 3100 point level. However, today is Friday. Investors who are keen on short-term trading will be more inclined to go short on weekends during a bear market cycle to prevent negative news from affecting their positions over the weekend.
Without the boost of short-term investment sentiment, new stocks no longer have the glory of yesterday. Yinbaoshanxin, which had been on the board for three consecutive days, opened slightly higher today and then fluctuated downward. The market once again fell into a downturn, and the Shanghai Composite Index's amplitude for the whole day was less than 1%.
There is no obvious sector on the market, and some short-term funds have returned to the previous hot sector, unmanned driving, Wan'an Technology rose strongly in the afternoon, and the stock price was 27.06 yuan. It was firmly locked above the daily limit, with a limit of up to 150,000 shares.
Wan'an Technology's daily limit made Gu Junhao change his plan: "Haha, what a shit luck, the price has been capped so much, I should just clear the four 10,000-lot sell orders directly."
Under Gu Junhao's instructions, the traders quickly placed four large orders of 10,000 lots, which led to a rapid reduction in the funds for closing the board and caused a commotion on the market.
Some retail investors who participated in short-term speculation also chose to follow suit and sell after seeing such a large number of orders fleeing.
The price of 27.06 yuan is lower than what I expected, but such a large order is indeed rare, and it will be easier to clear the inventory.
It has been a long time since I have experienced the feeling of a large order crashing the market at the daily limit. Thanks to the hot money in Hangzhou and Ningbo, I can experience this happiness again.
"Boss, you are really ruthless. However , today's daily limit is so strong. There will definitely be a surge next Monday. Isn't it not cost-effective to clear all positions?"
"Yes, but there is no need. The stock price is basically high, and there is a safe and fast liquidation environment. There is no need to wait a few more days for profits and get used to the operating methods of institutions."
A lot of sales were made today. The size of Yanghe Liquor alone is no longer able to accommodate today's capital volume. New liquor targets must be arranged. Maotai was suspended yesterday due to the convening of a shareholders' meeting, so naturally there is no choice.
Every year, Maotai Liquor Industry’s shareholders’ meeting is also a major attraction in the A-share market. Countless retail investors, even if they only hold 100 shares, are willing to travel thousands of miles to attend the meeting, which is very interesting.
Most of them are there to get the free stuff. In fact, attending the shareholders' meeting to get the free stuff is also a very interesting part. In the neighboring island country, there is an interesting story about a 71-year-old Internet tycoon who has invested in more than 1,000 companies and has a net worth of over 100 million yuan, but he gets free stuff everywhere.
Although we do not have such a complete shareholder preferential treatment mechanism in our country, there are usually some listed companies that will distribute welfare during the shareholders' meeting, such as food gift boxes, pork gift boxes, etc., to make shareholders happy.
"Wuliangye, let's start building positions at Fenjiu Group today. Let's build a quarter of the position first. It seems that the index can't hold up. We will slowly adjust the position when it falls."
After Wan'an Technology cleared its positions, Gu Junhao continued to issue instructions to traders, this time instructions to build positions.
The liquor sector has not shown any signs of improvement since its adjustment on April 7. Wuliangye's share price currently fluctuates around 27.5 yuan, while Fenjiu Group's share price has fallen back to around 17.5 yuan.
Both stocks are near the 20-day line and not far from the 60-day line. It would be better if they could fall to the 60-day line in subsequent adjustments.
The performance of the top stocks in the entire liquor sector is mostly similar to that of Wuliangye and Fenjiu Group. Before Maotai was suspended, it also had a similar trend and its stock price was in a state of adjustment.
