Chapter 398 The Bulls Continue to Attack!
At 9:31, Shanghai Construction Industry closed the board in a flash, and tens of millions of funds rushed to buy on the board.
At 9:32, Bayi Steel hit the board straightly, and within one minute, the trading volume exceeded 15 million.
At 9:33, Kumho Group also rose straight and hit the daily limit. At the same time, the market value exceeded 35 billion again, returning to the peak stage when it was listed last year.
At 9:34, China Fortune Land Development rose by more than 7%, Shibei Hi-Tech rose by more than 8%, and Chongqing Development came from behind. It was pulled up to the daily limit by several consecutive large orders of 10,000 hands. At the same time, China Construction, a super large-cap stock with a market value of 100 billion, also rose by more than 4% instantly, and within 1 minute, it rose by more than 2%.
At 9:35, the Shanghai Composite Index stood at 2450 points, and the real estate, building decoration, and building materials industries also broke out again.
At 9:40, the real estate sector rose by more than 3%. The leading stocks in the sector, such as Poly Real Estate, Kewan Real Estate, and Gemdale Group, also rose rapidly with a large amount of funds following suit, and the increase was close to 5%. In the entire sector, more than 5 stocks hit the daily limit.
At 9:45, the two main lines of "infrastructure" and "state-owned enterprise reform" rose rapidly, and the related hot concept stocks and value blue-chip stocks flew together. The core stocks in the weak securities, insurance, banking, nonferrous metals, coal, consumption, and pharmaceuticals began to lose blood gradually. At the same time, after the Shanghai Composite Index hit the highest point of 2458.76 points, it also began to increase in volume and stagnate, and fell slightly.
At 9:50, this trend of the strong getting stronger and the weak getting weaker became more and more obvious.
At 9:55, during the entire ten-minute period, the Shanghai Composite Index no longer hit a new high in the rebound, but instead fell into a slightly weak sideways fluctuation. However, during this period, a number of popular concept stocks and core value blue-chip stocks in the two main areas of "infrastructure" and "state-owned enterprise reform" continued to be actively invested in the market, as well as incremental funds following up outside the market. The strong attitude was the same as at the beginning of the session.
At 10:01, except for the main areas of "infrastructure", "state-owned enterprise reform", "mobile Internet", and "smartphone industry chain" with strong popularity and emotional effects, the attack of the main funds in other main areas has obviously receded, and the flow of main funds in the two cities has further concentrated on several popular core main areas.
At 10:15, the Shanghai Composite Index continued to fluctuate, falling slightly to the 2440-2450 point range. The money-making effect of the two markets was completely concentrated on the main lines of "infrastructure", "state-owned enterprise reform", "mobile Internet", and "smartphone industry chain". The investor follow-up effect was also somewhat weakened compared to the beginning of the session.
"It is still the two core main lines of "infrastructure" and "state-owned enterprise reform" that are reliable!"
Seeing that after about half an hour of opening, the entire market trend is still around the two core main lines of "infrastructure" and "state-owned enterprise reform". There is not much opportunity for other main lines. Some investors on the online stock trading forum couldn't help but sigh.
"It seems that a general rise is still a luxury. The market's 'stronger, stronger, weaker' trend has never changed."
"What do you want a general rise? The current market volume can't support a general rise in the overall market, right?"
"This wave of rebound was originally driven by the two main lines of 'infrastructure' and 'state-owned enterprise reform'. In the absence of these two main lines, the priority of investment transactions is definitely to stick to the direction of these two main lines. It is the safest and easiest to make a profit!"
"Haha, there is nothing wrong with the structural market. After making money in this round, you can make money in the next round. "
"Each round of bull market actually develops from a structural market to a comprehensive market. This time is not a comprehensive bull market, so naturally we can only take the structural market route."
"It's enough to make money, no matter what the market is."
"Indeed, no matter what the market is, it's always right to follow the direction of the main funds buying."
"From the changes in market volume in more than half an hour since the opening of today, the main funds in the two main areas of "infrastructure" and "state-owned enterprise reform" are still showing a net inflow. On the contrary, In the relatively low-lying sectors of securities, insurance, banking, military industry, consumption, medicine, nonferrous metals, and coal, the main funds are still flowing out, which shows that the main funds are obviously still converging in the fields of infrastructure and state-owned enterprise reform, and also shows that the large capital institutions in the market are still adjusting their positions in these two main directions on a large scale. "
"It is obvious that the two main lines of infrastructure and state-owned enterprise reform have entered the main rising market stage."
"Indeed, looking at the trend of a series of stocks such as Beixin Road and Bridge, Beijiang Jiaojian, Shibei Hi-Tech, Shanghai Construction Engineering, and China Fortune Land Development today, it is really strong. . "
"Damn it, I started placing orders at 9:15 this morning, but I still didn't buy Beixin Road Bridge's chips."
"It's a daily limit, and there's no significant increase in volume. At this time... it's hard to buy in without the advantage of a large fund channel with an exclusive seat."
"Beixin Road Bridge and Beijiang Communications Construction are obviously not available today."
"It's better to follow the trend and buy Shanghai Construction Engineering, Shibei Hi-Tech, Chongqing Development... These stocks, these second-tier leading concept stocks, are also quite beautiful today."
"I've already followed the trend and bought Chongqing Development, hehe... I got another daily limit."
"It looks like the real estate sector will take the lead again today!"
"These days, it is basically the 'building decoration, building materials, real estate, and public transportation' sectors that are constantly rotating to lead the gains. In fact, as long as you buy around the two core main concepts of 'infrastructure' and 'state-owned enterprise reform', there is no problem focusing on any sub-direction."
"But the strongest ones are still stocks with the concepts of 'infrastructure', 'state-owned enterprise reform' and 'Shanghai Free Trade Zone'."
"Looking at the situation, it feels like Beixin Road Bridge should have entered the acceleration stage?"
"I don't know if the height of the eight boards can exceed 10 boards, but I guess... after this wave of acceleration to divergence, the hype should be almost over, right?"
"I don't know, let's see when Mr. Su will leave! At least for now, Mr. Su is still in a locked position."
"The index is approaching the 2500-point mark. According to the current market sentiment and the increase in main funds, the two core themes of 'infrastructure' and 'SOE reform' will definitely lead the Shanghai Composite Index to cross the 2500-point mark, right?"
"Now the Shanghai Composite Index is only about 3% away from 2500 points, which is only one big positive line away. With such a strong upward trend, there will be no problem breaking through 2500 points. It's just that...'Securities, insurance, banking, nonferrous metals, coal' and other sectors have been holding back the market, somewhat restricting the index's upward pace."
"Alas, I have to say that 'big finance' is really weak and can't support the index at all!"
"Why is 'big finance' so weak? Logically speaking, if the market is expecting a bull market, 'big finance' as the driving force of the bull market The engine of the market should play a pioneering role, not this trend. "
"The locked-in shares are too heavy, the market liquidity is limited, and the main force can't pull it, right?"
"It should be a problem of fundamental direction. At present, all major financial institutions in the market expect the central bank's monetary policy to remain tight, and there is no sign of monetary policy easing. At the same time, the banking industry is in the process of shrinking off-balance sheet assets. The entire "big finance" field has no new growth expectations, and there is no new story to tell. Except for the valuation advantage, there is really no expectation to speculate. In this situation... it would be strange if it can rise. "
"Unless the market turnover exceeds 200 billion, securities will have a clear market. "
"History will not repeat itself simply. I think compared with the traditional financial field, the direction of "Internet finance" The opportunity is obviously much greater. "
"Or is the direction of 'infrastructure' and 'SOE reform' clearer, right?"
"If there is a bull market, the direction of 'infrastructure' and 'SOE reform' is definitely the most core main line direction. I feel that the market in these two main lines has only reached the foot of the mountain now."
"I have the same feeling, so I directly put all my positions in China Construction and China Metallurgical Construction."
"I also put all my positions in this round. I plan to take a medium- and long-term view. I feel that the market has been rising in both volume and price in the past month, which is indeed like a bull market."
"In short, at this time... we should not be pessimistic. Everything is right."
"I think of the famous post that Mr. Su posted on the forum last year. I remember that Mr. Su proposed that the Shanghai Composite Index was around 2,000 points a year ago, which is an absolute good opportunity for layout, right?"
"In fact, according to the development of the market this year, it is also true!"
"Hehe, hold stocks and wait for them to rise, hold stocks and wait for them to rise. This wave... will definitely recover all the previous losses. ”
“I still need about 20% increase to get out of the trap. I hope that this round of Shanghai Composite Index can directly break through 2500 points without any obstacles, so that I can get out of the trap.”
“I fully invested in Netspeed Technology at a high position last year, and it is still 30% away from getting out of the trap. Alas... Recently, the early hot stocks in the SME board and GEM have always been a bit slow, and rarely outperformed the market index. I wanted to sell at a loss and adjust my position several times, but I held back. Now it seems that the market is still in the trend of "the strong will always be strong, and the weak will always be weak". I wonder if it is too late to sell at a loss and chase the core hot stocks in the fields of "infrastructure" and "state-owned enterprise reform", such as Beijiang Communications Construction, China Metallurgical, and China Fortune Land Development? ”
“If the expected index can cross 2500 points without any obstacles, I think it is completely in time.”
“General Manager Su’s hundreds of billions of funds are all invested in the two core main lines of "infrastructure" and "state-owned enterprise reform". The market should be far from the top, right? ”
“There is no doubt that the market is far from reaching its peak.”
“Looking at the market K-line, moving average, Bollinger Track, MACD and other technical indicators, as well as the overall volume changes, the market is just in the initial stage of breaking through the previous platform suppression and forming a clear upward trend. In fact, this time... is the best time to enter the market on the right side, and the risk can be said to be almost zero.”
“Yes, both technical and fundamental aspects are upward.”
“On the key market news side, there are also continuous positive news. The guidance of the ‘New National Nine Articles’ should be able to change a lot of things.”
“Based on the market experience of almost a month, the more you hesitate, the more you can’t stop the stock price rise of your favorite stocks.”
"Hey, this is the truth. I have watched the stock of Beixin Road and Bridge keep rising since the first day after the holiday. I originally wanted to buy it on the first day after the holiday, but the market was too volatile that day, and I considered this check. At a high stage, I hesitated for a long time and didn’t buy it. As a result... I made eight consecutive moves in one go. Alas... If I had bought the whole position at that time, my profit would have doubled now. I would regret it to death. "
"Good stocks are not cheap, and good stocks are not cheap. This is the same as buying things in daily life."
"Anyway, I don't want to wait any longer. I didn't have the guts to take a heavy position at 2000 points. I hesitated at 2200 points. Now the index is almost 2500 points. I missed countless opportunities. Now I finally have a full position. Sure enough... in the unilateral market, I still have something in my hand. Only then can the heart not panic!"
"If you are still hesitant at this time, you can only wait for 2,500 or 3,000 points to catch up."
"Indeed, this round of short selling in the market has been completely shattered."
"I feel that the major institutions generally did not have many positions when this round of market started, so...the market has risen so sharply and so strongly this time. This is caused by the continuous increase of positions by major institutions."
"Haha... Looking at the market, the real estate sector has started to rise again."
Amid the extremely intense discussion among retail investors in the market, the market trading time has unknowingly moved to 11 o'clock in the morning.
It can be seen that the market trends in the two cities are still unfolding around the two main areas of "infrastructure" and "state-owned enterprise reform".
Among them, the real estate sector led the gains in the two cities, and the sector index rose close to 5%. More than 7 constituent stocks in the sector had their daily limit, and 16 stocks rose by more than 5%. It can be said that the momentum is like a rainbow, and the money-making effect has been interpreted to the extreme.
Likewise, other sectors in the fields of ‘infrastructure’ and ‘state-owned enterprise reform’.
A series of industry sectors and concept sectors such as building materials, construction growth, steel, cement, public transportation, Shanghai Free Trade Zone, high-speed rail, etc., all outperformed the performance of the broader market index and showed a trend of rising sharply. , continues to push up the willingness of the majority of investors in the market to pursue and follow the trend in these areas.
Of course, in the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’, breakthroughs continue to be made and the money-making effect continues to be demonstrated.
On the other hand, due to the drag on the main areas such as 'big finance, non-ferrous metals, coal, consumption, and medicine', the index performance did not change much. The Shanghai Stock Exchange Index still fluctuated between 2440 and 2450 points, while the Shenzhen Stock Exchange Index and the GEM Index It maintained a slight upward trend.
"The market volume can advance, but it is slightly lower than expected!"
At around 11:10 a.m., in the trading room of Xinniu Fund Company in Shenzhen Stock Exchange, Fang Xinsheng, the fund manager in charge of the 'Xinniu No. 1' fund product, looked at the market performance at this time and frowned slightly, feeling a little worried. Authentic: “Under the hot bullish sentiment, the investor groups and incremental funds that followed off the market were still unable to support the overall development of the market. Sigh... According to this situation, it will be difficult for the Shanghai Stock Exchange Index to break through 2,500 points! "
"Aren't the two main lines of 'infrastructure' and 'state-owned enterprise reform' going very well?" Hearing Fang Xinsheng's sigh, Mou Zhengxing, the leader of the trading team on the side, replied with some confusion, "Although the capacity has not been significantly expanded, But the consistent performance on the market is obviously much better than yesterday, which proves that the consistent long expectations on the market are constantly strengthening as the trading time goes by. Why is the boss still pessimistic? "
Fang Xinsheng came back to his senses, glanced at Mou Zhengxing, who looked a little confused, and responded: "Don't just limit your vision to the narrow direction of 'infrastructure' and 'state-owned enterprise reform', but focus on the entire market situation. Take a look... …Apart from the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’, are there any obvious signs of breakthroughs in other directions? Are there any obvious signs of continued inflow of main funds?”
Mou Zhengxing observed carefully for a while and found something unusual.
"In addition to the two main areas of 'infrastructure' and 'state-owned enterprise reform', in addition to 'Internet finance', 'mobile Internet', and 'smartphone industry chain', these emerging industries that were obviously oversold in the early stage have some popularity and profitability. "Effectively, in other fields, it seems that there is rarely a continuous inflow of main funds." Mou Zhengxing thought about it and replied, "And in the field of 'big finance', even when the index is rising, main funds are still continuing to flow out." ”
Fang Xinsheng nodded slightly and said: "That's it. On the one hand, the main concepts of 'infrastructure' and 'state-owned enterprise reform' continue to advance, on the other hand, the weak 'big financial' field may hesitate to move forward, or may not rise but fall, and 'infrastructure', In the field of 'state-owned enterprise reform', after absorbing the follow-up funds pouring in from the outside, it is still continuing to siphon active funds and meat-cutting funds from other sectors of the market. All this... illustrates the market sentiment and the relationship between volume and energy, and It doesn’t match!”
"For the market to continue to rise, it can't be done by just shouting slogans. It must be supported by real money."
"The current situation shows that there are many people who are only verbally optimistic about the market, but are actually unwilling to invest real money, or they are hesitant in their hearts."
“When market conditions develop, quantity often comes first before price.”
"Compared with the entire market, the price is just an index. There is no volume. If the index really breaks through the important pressure mark of 2,500 points, it is tantamount to wishful thinking."
"But aren't the two main lines of 'infrastructure' and 'state-owned enterprise reform' rising quite well?" Mou Zhengxing heard Fang Xinsheng's analysis, but he still didn't quite understand, and said, "The previous upward trend in the index, as well as the pressure mark of 2,200 points, rely on With the continuous outbreak of the two main lines of 'infrastructure' and 'state-owned enterprise reform', why is it not possible now?"
Fang Xinsheng replied: "At that time, market expectations were still at a low level, and the market turnover was only a few tens of billions. The funds that were followed up outside the market could create the overall market trend and lift the index. But now the market expectations have reached a high level. Moreover, the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform' have also reached a relatively high position. If these two main lines break through, the funds required to undertake them will already be several times that of the previous period. "
"However, the incremental market funds that followed were far less than the previous several times."
"You can tell by looking at the current market development."
"The bullish sentiment in the market has fermented like this. The market profit-making effect of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is still accelerating. However, it is difficult for the index to continue to rise. Moreover, in the field of 'big finance', there are unexpected changes." The signs of rising but falling indicate that the current market capital cannot support the further spread and upward trend of the market.”
"In other words, the Shanghai stock index is 2,500 points, and there is no chance again?" Mou Zhengxing said with great pity.
Fang Xinsheng nodded slightly and said: "Under the relatively consistent expectations of the entire market, and at the same time, it is difficult for volume and energy to support the market, it is highly likely that the index will briefly break through 2,500 points, but in order to truly stand firm, it is necessary to completely It is impossible to consume the floating chips such as profit taking and hold-up orders at this stage, adjust the chip structure of the entire market, and establish a new market support platform. "
"And you look at the market development of the two main areas of 'infrastructure' and 'state-owned enterprise reform'."
"Apart from core hot stocks and popular leading stocks, are the current trends of other marginal stocks not as strong as in the early trading?"
Mou Zhengxing observed carefully for a while and responded: "It's true!"
"This is the selling pressure caused by the fact that after the expectations are fully met, the amount of funds cannot keep up, and the market trend is not as good as expected, the originally determined funds begin to slowly withdraw from the market, thus suppressing the market of these stocks." Fang Xinsheng said, "The entire main areas of 'infrastructure' and 'state-owned enterprise reform' seem to be still rising. In fact, the internal performance is getting weaker and weaker, and risks are gradually becoming more prominent."
Hearing Fang Xinsheng's words, Mou Zhengxing was finally shocked and felt a potential risk in the market.
"Then we..." Mou Zhengxing turned and asked hurriedly, "Do we need to reduce our position?"
Fang Xinsheng responded: "The brewing of risks is increasing bit by bit. Now it is just some fringe stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'. They are gradually turning from strong to weak due to lack of volume and capacity. However, The core hot stocks and popular stocks still maintain extremely high liquidity, attracting a large number of active funds on and off the market to follow suit. For the time being... they have not reached the selling point. "
"The main stocks held by our fund are basically concentrated in the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"
"So, there's no need to worry too much just yet. We'll talk about it later."
“What I said just now is mainly to remind everyone that at this time... although the market sentiment is getting more and more crazy, we still need to remain absolutely calm, clearly understand the trend of this market, and don’t be swayed by the market sentiment. So he lost his mind.”
"Yeah, I understand!" After hearing Fang Xinsheng's reminder, Mou Zhengxing nodded hurriedly and responded, "It seems that the most dangerous place in the market is when everyone is most optimistic and gives up their vigilance."
Fang Xinsheng smiled softly and said: "In this market, the potential bull power is the real bull. The bulls who enter the market and hold a lot of chips in their hands are just the potential short power in the market. , News, emotions, technical aspects... everything may be false, but the flow of funds and the results of real money trading cannot deceive people. "
With the two people's analysis of the market.
At this time, the time has moved to 11:30, the market conditions of the two cities have been frozen, and the market has ushered in the lunch break.
After 2 hours of formal trading, the Shanghai Stock Exchange Index finally settled at 2449.33 points, up 1.06%, while the Shenzhen Stock Exchange Index and ChiNext Index rose 0.73% and 0.59% respectively. The half-day turnover of the two cities was 66.067 billion, which was slightly lower than yesterday. However, the overall market performance, that is, the long and short differences between the two cities, is obviously much weaker than yesterday.