Chapter 454: Public Funds Exceed 20 Billion Yuan
On September 18, Junshi Price Investment’s net value on that day was: 2.2797 (2.70%).
"Fuck, today a medium-sized Yang line penetrated the five-day line and the ten-day line. The five-day line has a tendency to cross the ten-day line. It looks like a rebound is really coming."
"Gu Lao Er is really capable. The market has really rebounded. Junshi Value Investment has also outperformed the index today. Great deal. Increase your position!"
"Hey hey hey, how are you guys today, I'm back again!"
"Oh my god, isn't this the undercover agent of our friends in Gu Laoer's company? What's going on? Did you buy your company's fund again?"
"Of course I did. I bought it as soon as it was opened for subscription. Not only me, but many of my colleagues also bought it. We are making money again today. Also, what do you mean by Gu Lao Er?"
"Oh, your boss is clearing out his stock of liquor. The title of Jiangxiang Manager is not quite appropriate. It just so happens that your boss is the second richest man in Beicang District, so we can call him Gu Laoer."
"For a moment I don't know whether you are praising my boss or scolding my boss..."
"Buy, buy, buy. The market has rebounded. It's time to make money."
…
One bullish candle changes your belief. If one is not enough, then try another one!
September 19, Wednesday; following yesterday's sharp rise in the Shanghai and Shenzhen stock markets, both markets rose again today. The Shanghai Composite Index closed at 2730.85 points with a rise of 1.14%.
The index has regained its footing above 2,700 points, with two consecutive large positive lines with large volume . Technically, the five-day line has crossed the ten-day line and has stood firmly on the 20-day line.
When the stock market continues to rise by inertia, all negative impacts will be reduced to a minimum, and the so-called negative impact is nothing more than the end of the negative impact.
This is how investors understand the stock market.
After raking in more than 1.5 billion yuan in funds on the first day, Junshi Price Investment again received more than 1 billion yuan today, and the overall scale is approaching 15 billion yuan.
This is really very good data. I hope the rebound in September can last for a few more trading days, so that more funds can be raised.
In this way, by October, there will be more funds available for bottom-fishing operations.
The Shanghai Composite Index fell slightly by 0.06% on Thursday, the 20th. After a slight adjustment, it surged again on the 21st, this Friday.
The momentum continued to grow in the afternoon, with the three major financial sectors starting to rise strongly before the midday closing. Relevant authoritative departments issued a document requiring the improvement of the system to promote consumption.
The big consumer sector has been very active since the opening, with many sectors such as automobiles, second-child policy, food and beverages, and sports rising abnormally.
On the other hand, the China Securities Regulatory Commission only approved one company's IPO today, with the total financing amount not exceeding 600 million yuan, which is also a big benefit for secondary new stocks.
The weight and themes soared throughout the day, and the Shanghai Composite Index eventually recorded its largest single-day gain since August 7, surging 2.50% to 2797.48 points.
It was still a bald yang. The Shanghai Composite Index, with a total daily turnover of nearly 150 billion, was just away from 2,800 points. The 4.32% increase in a week also made investors believe that a rebound is really coming.
Institutions and media also began to sing bullish tunes over the weekend, after MSCI, the world's largest index compiler, included some A-shares in its emerging index.
FTSE Russell, the world's second largest index company, will also officially announce whether A-shares will be included in its index system in the early morning of September 27th, local time.
Judging from the current situation, the probability of inclusion is very high, and overseas people also began to be optimistic about the A-share investment market over the weekend.
When the market goes up, everything is easy to say; when the market goes down, nothing you say will help; this is true all over the world; human nature is so realistic.
According to the latest data provided by the fund flow monitoring agency, as of September 19, offshore A-share funds have attracted net inflows for eight consecutive weeks.
This category of funds includes QFII and domestic corporate stock funds that invest in overseas listings. Foreign capital is really buying at the bottom on a large scale.
Northbound funds that have passed through the Shanghai-Shenzhen Stock Connect channel have also seen mostly net inflows this week. On the 20th alone, the day when A-shares adjusted, 4.8 billion yuan of funds flowed in, the highest since August 20th.
For six consecutive trading days, northbound funds have maintained a net inflow trend. As of the close of September 21, the net purchase had reached 11.186 billion yuan.
When foreign funds are aggressively buying up A-shares, I wonder what our domestic institutions are thinking at this time?
Such a big pit was created, allowing outsiders to get a huge bargain!
At the same time, northbound funds have flowed in significantly, and the Shanghai and Shenzhen stock markets have rebounded sharply since this week, which has also left a deep impression on ordinary investors with foreign capital.
Domestic institutions dumped the market and northbound funds bought in large amounts. Since the launch of the Shanghai-Hong Kong Stock Connect, northbound funds have always enjoyed a high status in the hearts of investors. After this week, their status has risen to a new height.
Fortunately, domestic institutions are not all useless. At least Junshi Capital's timely cancellation of subscription and the increase in incremental funds have brought considerable returns to the funds purchased this week.
Some of the trapped shares that were bought at high prices in the early stage have been directly turned from being trapped into profits by the bolder ones by adding large amounts of positions after the subscription was opened!
This week is also a week of great transformation for Junshi Price Investment. Since the speech on Tuesday, the trading focus of Junshi Price Investment's trading team has been much higher.
Over the past week, Junshi Price Investment's net value has increased by 7.2%, far outperforming all major indexes; the net value rate was reported at 2.4032, and in the subsequent four days of trading, it maintained an upward trend.
At the same time, Gu Junhao also conveyed his instructions to the Junshi Price Investment trading team members to Xu Jianqing and Wang Ruoyu's team.
The entire fund investment business department must stay focused in the next few months and strive to collect more chips with the current amount of funds.
The last-in-first-out system also applies to Wang Ruoyu and Xu Jianqing's teams.
Judging from the weekly data submitted by the three people, the efficiency of the entire fund business department has improved a lot and the capital turnover has increased significantly over the past week.
It was also during this week that the overall size of Junshi Price Investment Fund, after it opened up subscription, approached 18 billion yuan. If the current situation continues, the size of 20 billion yuan will be a piece of cake by the end of the month.
Next Monday, September 24th, is the Mid-Autumn Festival , which means there will be a three-day holiday after the end of trading on Friday the 21st.
A week of big gains allowed all investors to spend such an important traditional holiday in a good mood.
A-shares, which had been falling throughout 2018, finally rebounded during an important holiday.
In the four trading days after the holiday, the Shanghai Composite Index still showed a trend of two negative and two positive days despite facing resistance at 2,800 points.
And on September 28, the last trading day of this month, it closed at 2821.35 points, up 0.85% in a week, a rare two-consecutive positive trend on the weekly line.
In September, the Shanghai Composite Index achieved a rare monthly increase of 3.53%, but it still faces pressure from the monthly five-day line.
The ChiNext Index ended the month with a negative line again, with a monthly decline of 1.66%. This is already a very ugly seventh consecutive negative line.
However, the performance of the ChiNext in the last two weeks of September was still good. Like the Shanghai Composite Index, it had two consecutive positive weekly trends and returned to above 1,400 points.
With the end of the final battle on September 28, Junshi Price Investment ended its trading before the National Day with a monthly increase of 5.1%.
At the same time, the overall scale of the fund officially exceeded 20 billion yuan, reaching 20.754 billion yuan. A two-week rebound brought a large amount of incremental funds to Junshi Price Investment.
At the same time, Junshi No. 2 also continued to lead the private equity fund rankings with an excellent performance of 7.2% yield for the whole month and a total scale of more than 46.8 billion yuan.
In about half a month, the growth in scale of Junshi Price Investment Fund alone is no less than that of a newly issued medium-sized fund.
Junshi Capital's ability to attract money is indeed something its peers envy. Many of its peers did not make it to September this year and were forced to liquidate.
The most crucial thing is that among the domestic institutions, only Gu Junhao dared to boldly release subscriptions for the increase in the second half of the month, and his performance of bottom-fishing almost simultaneously with the northbound funds amazed the entire market.
"I'm really impressed by this guy. He withstood the pressure and set limits for nearly ten months. As soon as the limits were lifted, the market rebounded very well. He deserves to make a lot of money."
"His courage is unquestionable. After this wave, his popularity has increased even more. In the future, when Junshi Group issues new funds, it is estimated that there will be a rush to buy them."
"Hey, he's still not satisfied and is planning to implement a last-place elimination system. Young people are really brave."
"Who told you that?"
"This kind of thing is not a secret in the industry, and it's not a big deal."
"Hey, let's follow up after the National Day. We have to copy. I was not optimistic about the market this year."
"It's all this kid's fault. The decision to open up the subscription, plus the fact that he made a lot of money this week, the higher-ups are very satisfied."
"Who said it wasn't? We have to adjust our positions again. Those who were stuck earlier may have to sell their stocks at a loss again. It's really annoying."
"I don't know what his holdings are. I hope he can buy some of my liquor stocks to save me. I'm in a terrible situation."
Every industry has its own small circle, and the financial industry is no exception. There are groups like Gu Junhao who are beginning to be bullish, and there are also some who remain bearish.
Gu Junhao's high-profile bottom-fishing in China News Service and heavy investment in Ning Wang in the early stage, coupled with Junshi Capital's high-profile publicity of the lifting of the limit on Junshi's price investment and a series of operations to officially sing bullish tune, all made the bearish institutions feel very unhappy.
However, the top management is still very satisfied with Junshi Capital's performance. Numerous policies have been issued in the early stage, but the stock market has not performed well.
At this time, it is welcome to see well-known fund managers come out to express optimism.
The stock market at the end of September was spent in a happy and peaceful atmosphere. With this wave of rise, I believe that the desire for consumption during the National Day holiday will be even higher.
The long holiday starts on the 29th and ends on October 7th, lasting nine days.
Incremental funds from the OTC market entered the market, institutions frequently sang bullish tunes, and various favorable news emerged in the rising market.
Investors who have been tortured for a year are full of expectations for the stock market in October.
However, what answer will the market give in October 2018?
