Chapter 359: The only One in the Trading Market!
Under the circumstances of the Shanghai Composite Index's breakthrough.
Similarly, today's Shenzhen Composite Index and ChiNext Index also rebounded from the dead end, closing up more than 2%.
In addition, the two markets had a total turnover of 93.2 billion, approaching the 100 billion mark. All industry sectors in the market did not fall. Among them, the core industry sectors in the infrastructure field, such as "building decoration, building materials, steel, and real estate", led the rise, and the increase reached more than 5%. Individual stocks in the sector also set off a wave of daily limit.
In terms of concept sectors, the concepts of "state-owned enterprise reform" and "Shanghai Free Trade Zone" led the rise.
The indexes of the two major concept sectors rose by more than 4%, among which the "state-owned enterprise reform" concept sector rose by 4.78%. More than 11 stocks in the sector were sealed at the daily limit, and more than 15 stocks touched the daily limit during the session.
In addition to the strong performance of indexes, industry sectors, and concept sectors.
In terms of hot stocks in the two markets, the profit effect also soared straight, compared with yesterday and even the previous trading period, they all increased significantly.
Among them, the hot stocks in the main direction of "infrastructure"
China Metallurgical Group, China Railway, Bayi Steel, China Fortune Land Development, and Kumho Group achieved two consecutive daily limits with both volume and price rising; Conch Cement, Shanghai Construction Engineering, Pudong Construction, Shibei Hi-Tech, Waigaoqiao, Hi-Tech Development and other stocks were snapped up by the main funds and closed at the daily limit; China Construction, China Communications Construction, China Railway Construction, China Baosteel, Wuhan Iron and Steel, China South Locomotive, China Northern Locomotive and other blue-chip stocks rose by more than 5%, and the trading volume exceeded 100 million yuan. The trading was active and the volume was greatly increased, showing an extremely strong state.
Hot stocks in the main line of the concept of "state-owned enterprise reform"
Stocks with strong correlation with the main line of "infrastructure" and whose business is in the field of "infrastructure", as well as stocks with the same concept of "Shanghai Free Trade Zone", have been strongly attacked by funds. Stocks such as Beixin Road Bridge, Shanghai Sanmao, Wanqi Enterprise, Shanghai Steel Union, and Huagong International are all blocked by large orders, and the strong state is obvious.
Of course, under the situation that the two core main lines of "infrastructure" and "state-owned enterprise reform" are being chased by the main funds and the positions are increased in large quantities, the "hot growth stocks" in the two previous main lines of "mobile Internet" and "smartphone industry chain" in the direction of the SME Board and the Growth Enterprise Market have been passively increased a lot today due to the collective warming market sentiment and the fund following the trend effect, but from the overall market of many hot stocks, they are still in a weak state.
Among them, especially the fields of "media, mobile games, and Apple industry chain".
The related core hot stocks, such as LeTV, Huayi Brothers, Changqu Technology, Huaqingbao, Goertek, Lixun Precision, Xinwei Communication, etc., all lagged far behind the major indexes in terms of growth, and barely rebounded by about 1%. In addition, the entire trading situation on the market, with the transaction volume increasing year-on-year, showed a net outflow of large funds.
Therefore, the two markets seem to have a comprehensive surge and a strong rebound.
In fact, the strong and weak styles are still very distinct.
Judging from the closing results, the active funds in the two markets, as well as the incremental funds that followed suit, whether large or small, mainly converged and chased the two core themes of "infrastructure" and "state-owned enterprise reform", which have already achieved a continuous money-making effect and have a reversal expectation in future investment logic.
As for the two core main areas of the SME Board and the Growth Enterprise Market, namely, the 'mobile Internet' and 'smartphone industry chain', which were hyped by various funds last year and shouted slogans such as 'new economy, new future' and 'growth replaces value', they are currently clearly abandoned by the main market funds and are obviously weaker than the overall market.
Faced with such closing results in the two markets...
All investors in the two markets, whether retail investors, hot money investors, or institutional investors, are extremely high-spirited and even excited.
After all, this is the first time this year that the Shanghai Composite Index has achieved a 3% increase.
It is also the first time that the Shanghai Composite Index has stood on the 20-day line with a large volume of big positives, showing a clear rebound trend.
Similarly, this is also the first time that the turnover of the two markets has exceeded the 90 billion mark this year, approaching the turnover when the market fell from a high level last year.
"Haha, today's trend of the A-share market is finally proud of itself!"
In the rare atmosphere of a big market rise and making money, some people on the online stock discussion forum were excited and emotional.
"Two consecutive days of large positive lines with large volume, this wave of the market has definitely bottomed out, and... today's wash-out is really awesome, I don't know how many unsteady investors have been washed out."
"Alas, I was washed out, but I saw that the situation was not right at the end of the day, and I recovered my position at a high level!"
"The plunge in the first half hour of the morning was really scary."
"Looking at it now, that plunge was simply the best buying point of the day!"
"Looking at it after the market closed, that plunge was naturally the best buying point of the day, but at that time... who could have thought What happened? I was also scared to death at that time, but at least I held back and didn't sell the positions I chased yesterday, otherwise I would be so angry today. "
"I've said that holding stocks requires faith!"
"The areas that "Fortune Road" focuses on are generally not wrong."
"Yes, if you are afraid of following Mr. Su's seat operations, then you'd better stop speculating in stocks as soon as possible."
"Two consecutive big positive lines have broken through. It's impossible for the Shanghai Composite Index not to exceed 2200 points this time, right?"
"No doubt, the pressure level of 2200 points will be broken this time!"
"If the Shanghai Stock Exchange Index breaks through 2,200 points, even if it breaks through the large shock range of 2,000 points to 2,200 points again, it will be shackles. In this way... I am afraid that the follow-up space will be opened."
"I feel that there should be no problem at 2200 points. However, whether more space can really be opened up in the future depends on the continuity of the two core main lines of 'infrastructure' and 'state-owned enterprise reform'. If the main funds are determined Gao Yuan can really use these two main lines to open up market space. The high point of the Shanghai Stock Index last year, which is 2,500 points, can probably be seen. After all, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are closely related to The correlation between blue chips is too strong, and blue chip riots can increase the index very quickly!”
"If it can really reach 2,500 points, the space will be huge."
"Indeed, when the Shanghai Stock Exchange Index reaches 2,500 points, the two core themes of 'infrastructure' and 'state-owned enterprise reform', popular stocks, will at least double their prices, right?"
"I'm afraid it won't stop. I feel that these two core main lines will definitely lead to more than one monster stock."
"The checks of Beixin Road and Bridge, Shibei Hi-tech, Waigaoqiao and Shanghai Sanmao definitely have the potential to be monster stocks, especially Beixin Road and Bridge. This check is the only one-word daily limit stock in the market today, and this check There have been quite a few changes of hands on the daily limit board today, and there should be no surprises on the third board tomorrow.”
“But judging from the emotional driving effect of individual stocks on the market today, it is obvious that Shibei High-tech, China Railway, and Huaguo MCC are the backbone of the market sentiment. Of course, Waigaoqiao is not bad either, and Shanghai Sanmao , more like the leading stocks in the direction of the 'Shanghai Free Trade Zone' after the emotions diverge."
"The leading positions of the two main lines of China Railway and China Metallurgical Corporation are naturally unquestionable."
"As for Shibei High-tech, the trend today is indeed very strong, and the popularity and popularity are indeed very high, but I think Beixin Road and Bridge has a better chance. After all, there is the blessing of Mr. Su's 'Fusheng Road' seat, and Beixin Road and Bridge's plate ratio is Qi Shibei High-tech Zone is obviously smaller.”
"The specific potential depends on today's Dragon and Tiger ranking data, right?"
"Yes, demon stocks are created after the combined efforts of market funds and are not predicted in advance."
"No matter which one it is, the follow-up market trends, the two core main lines of 'infrastructure' and 'state-owned enterprise reform', should be the most certain."
"There is no doubt about it! Today, the main direction of big funds to increase their positions is in these two main areas."
"So the two early core main lines of 'mobile Internet' and 'smartphone industry chain' in the direction of the small and medium-sized board and GEM, and even a single vote of growth stocks, have no chance? Let me go... what the institutions yelled before" What about the logic of market growth? Why does the style change now?”
"Looking at today's transaction volume, the increase in the Shanghai stock market's transaction volume is significantly greater than that of the Shenzhen Stock Exchange Index and the GEM Index. I feel that the two early core main lines of 'mobile Internet' and 'smartphone industry chain' in the direction of the small and medium-sized board and GEM board, and even ' The main line of investment in growth stock logic is that there is really no opportunity for the time being.”
“In a bear market, you have to work in areas with the strongest concentration of funds to make a little money.”
"The Shanghai Main Board has been stronger than the Small and Medium-sized Board and GEM for many consecutive trading days. I think this is an obvious signal of style change."
"Today, a number of stocks such as LeTV, Huayi Brothers, Changqu Technology, and Oriental Fortune are indeed significantly weaker than the market, no matter from the perspective of capital flow on the market, or from the perspective of trading volume and increase. It feels obvious Abandoned by the main market funds, we should try to avoid this field, right?”
"A bull stock that has gone out of style is not as good as a dog!"
"The two major directions of the small and medium-sized board, GEM, 'mobile Internet', and 'smartphone industry chain' were heavily speculated by various main funds last year. They have continued to plummet this year. I don't know how much money has been buried in buying the bottom and standing guard at the top. , these are endless bargaining chips. In addition, the performance of these core popular stocks is based on the high growth rate last year. In the first quarter report of this year, the performance growth rate has obviously dropped a lot, which is not enough to support the high growth rate. The valuation is high, and the main funds in the market are naturally reluctant to pull up when faced with this situation.”
"Yes, comparing the two, the opportunity of the motherboard is actually highlighted."
"At the beginning of the year, the market's main funds had not speculated on the two main directions of 'mobile Internet' and 'smartphone industry chain' in the direction of small and medium-sized boards and GEM. However... everyone has seen the result, and expectations have been overdrawn. The room for performance imagination is also declining. Coupled with the heavy hold-up, continuing to speculate in this direction will not drive market sentiment at all, nor can it gather money-making effects. Moreover, there have been no new positive developments in this aspect of the market recently. "
"The listing of Ali Baba should provide certain positive support for the two main lines of 'mobile Internet' and 'smartphone industry chain'. However, this will have to wait until the news is released, and the market will probably not show it. Now we are involved..." It’s still a little too early.”
"There is no need to analyze too much logic. In short, wherever Mr. Su's 'road to wealth' goes, just follow it and speculate. No matter how much analysis we do, our understanding of the market will not be better than that of large asset managers gathered by long market analysts." Institutions are smarter. As long as they see where big money continues to gather, they can probably judge where the market may be. "
"Yes, yes, just follow the 'Fortune Road' to speculate. You really don't have to think so much."
"One analysis is as fierce as a tiger's, and one glance at the operation is two hundred and fifty. Think about it carefully...it is really useless to analyze so much!"
As time went by, after the closing results were released, the market was in a heated discussion among investors. Everyone's views on the future market became clearer and clearer, and at the same time, they became more and more confident.
"In this market, one big positive line changes the views of long and short positions, and two big positive lines change the beliefs. This is really common." When the market's investors reviewed the market after the market and had heated discussions, Liao Guanghua, general manager of the proprietary investment department of Yanjing Huashang Securities, briefly browsed the hot topics related to stocks on the Internet and said with emotion, "The recovery of market sentiment is really much faster than expected!"
Zhang Guangnian, chief market analyst of Huashang Securities, who stood next to Liao Guanghua, responded with a smile: "What does this prove? It proves that what the market lacks at present is not good news, funds, performance, expectations and the like, but confidence and money-making effects. As long as there is confidence and money-making effects, there will naturally be a market. This is a moment when... confidence is more valuable than gold!"
"As for the rapid recovery of market sentiment... …”
Zhang Guangnian smiled and continued: "Old Liao, don't forget that the domestic financial trading market is dominated by retail investors. As long as there is a continuous money-making effect, the demonstration effect of this market will naturally be very large, and the emotional fluctuations will naturally be much more intense than other mature markets."
"Yes!" Liao Guanghua pondered for a moment, nodded, and said, "Compared with the control of the market's emotional context and even the excavation of the main themes, hot money and many powerful private equity fund managers are much more sensitive than many institutions within our system."
"For example, just like the "infrastructure" and "state-owned enterprise reform" main themes in the past two days. "
"Before, everyone was aware that there were opportunities for investment and even concept speculation in these two major areas, but no one dared to touch these two lines. "
"This When everyone came to their senses, they found that there were no cheap chips to pick up. "
"I have to say that Mr. Su of 'Yuhang Investment' is really an expert in exploring the main market trends and even stimulating market sentiment."
"And his operation style is diverse and he is not bound by the quagmire at all."
"I used to think that Mr. Su's successful operation and even the biggest profit source after entering the market basically all came from the hype of SME and GEM concept stocks, the outbreak of the market's 'growth stock' path, and the recognition of 'growth investment logic' by many investment institutions, so... he must not be so keen in the so-called 'value investment' in the direction of the main board blue chip. "
"I didn't expect that this person... was not at all constrained by the 'path dependence' in investment thinking. "
" In a moment, he boldly switched his style to the main board blue chips. "
"This Mr. Su from 'Yuhang Investment' is indeed an outlier." In Liao Guanghua's sigh, Zhang Guangnian responded, "But there is only one person in the entire market. Lao Liao, you said, 'Compared with the control of the market's emotional context and even the excavation of the main theme, hot money and many powerful private equity fund managers are much more sensitive than many institutions within our system.' This is still biased. It's a bit like boosting others' ambitions and destroying your own prestige!"
"What prestige, not prestige." Liao Guanghua smiled, "The unilateral decline in the market from the end of last year to the first quarter of this year, although there are macro reasons, is actually inseparable from the fact that the major institutions in our system are trampling on each other in order to keep the net value of fund products from a serious retracement. "
"Well! "Zhang Guangnian nodded slightly and said, "It has something to do with this... but it is also something that cannot be blamed. Publicly offered funds do not have a completely closed period. The majority of fund investors continue to redeem product shares as the net value falls, and fund managers have no choice but to sell. "
"Fortunately, the darkest time has passed."
Zhang Guangnian paused and continued: "As long as the market can maintain this trend and sentiment momentum in the future, the decline in the market's fund scale will definitely be reversed, and when the asset management scale of the entire industry returns to the rapid growth channel, the incremental funds invested in the stock market will continue, and the market will naturally continue. "
"So, you are still quite optimistic about the market outlook, right? "Liao Guanghua asked with a smile.
Zhang Guangnian replied: "The market is around 2100 points, so we have to be optimistic. Moreover, after the index pierced 2000 points twice, it rebounded rapidly, which proves that the Shanghai Composite Index is near 2000 points, which is the extreme bottom area of the market. When the market valuation spring has been compressed to the limit, there is indeed no room for further decline. "
"Mainly speaking, the economic growth rate on the macro level is still rising. "
"Observing the relevant economic data in the first quarter, it can be clearly felt that domestic inflation has also returned to the normal range, which gives the central bank a more ample scope for the implementation of monetary policy. "
"The macro economy continues to grow, inflation falls, and monetary policy may be expected to be relaxed..."
"These will, on the one hand, lead to the continued growth of the performance of various companies in general, and on the other hand, will lead to the funds flowing into the stock market, which will further increase under the expectation of possible monetary policy easing. ”
“The general growth of listed companies’ performance will indirectly raise the market index even if the valuation remains unchanged. Coupled with the further inflow of off-market funds, it will be difficult for the market to not think about the market trend. So…what is the reason to continue to be bearish in this range?”
"It's just that although I judge that the market is at this position, it is unlikely to fall."
“But I didn’t expect that the main line leading the gains would be the ‘infrastructure’ field.”
"Haha, heroes have the same opinion!" Liao Guanghua laughed after listening to Zhang Guangnian's analysis, "It seems that we should make a slight adjustment in our trading strategy, from the conservative stage to the aggressive stage."
"The aggressive stage?" Zhang Guangnian heard Liao Guanghua's thoughts, pondered for a moment, and said, "Currently there are only opportunities on the left, and the opportunities on the right are not yet clear. I think it is okay to increase positions appropriately, but there is no need to directly transition to the 'aggressive stage' 'Is it so fast? After all, from the technical perspective and the chip structure analysis, there is huge pressure on the index near 2200 points, and the hold-up position at 2200 points is also quite heavy. The market volume cannot exceed 100 billion. , it will be extremely difficult to cross safely.”
Liao Guanghua responded: "When the opportunity really comes to the right, I am afraid that many high-quality chips in the core main line are already high. Although the index has huge pressure at 2200 points, as the core main line leading the market, 'Infrastructure "In the field of 'state-owned enterprise reform', space has obviously been opened up, and the trend of the market index is half way ahead. It is estimated that with the follow-up funds and emotions being fully mobilized, the probability of falling back is low."
"Okay!" Zhang Guangnian thought for a moment and nodded, "You are the director of the self-operated investment department. Naturally, you have the final say. I am just expressing my own market views."
Liao Guanghua nodded and continued to ask: "Lao Zhang, in addition to the two main lines of 'infrastructure' and 'state-owned enterprise reform' that are currently breaking out, what other fields do you think have obvious differences in future expectations? Possible room for double improvement in performance and valuation?”
"According to industry research..." Zhang Guangnian said, "It is still the small and medium-sized board and the GEM board's 'many mid- and small-cap core growth stocks in emerging industries' whose performance growth rate is relatively fast, and they also have enough room for industry imagination. That is the current market situation. I’m not convinced about this area. Many funds have tried and tried, but they just can’t speculate. But after I carefully thought about this field for a while, I found that what restricted its speculation space was that it was over-speculated last year and had too many expectations. There is too much space and too many traps at the same time, which requires more time to digest.”
Liao Guanghua said: "What do you mean, is the main line of the subsequent market trend, and may it return to the logical line of 'growth stocks' led by the small and medium-sized boards and the GEM?"
"It should be so!" Zhang Guangnian said, "After all, no matter what kind of investment method it is, the final goal is expected and performance growth."
"Okay, I understand!" Liao Guanghua nodded.
Then, after pondering for a moment, he walked to the office area of the proprietary investment department, preparing to convene a meeting with department heads and product managers to discuss trading strategies.
And with the internal trading strategy discussion meeting of Huashang Securities.
Market time began to pass at 5:30 pm, and the new dragon and tiger list was announced.
I saw a total of 23 stocks on the list today. Among them, China Railway, Kumho Group, and Beixin Road and Bridge continue to be on the list, while Huaguo MCC, Shibei High-tech, Waigaoqiao, Shanghai Sanmao, and Shanghai Steel Federation , China Fortune Land Development, Bayi Steel and other votes have appeared on this year's Dragon and Tiger list for the first time.