Chapter 435 The Long-Awaited Rebound!
I saw the entire collective bidding process.
In the end, the Shanghai Index opened at 2251.59 points, opening 0.62% higher, while the Shenzhen Stock Exchange Index and ChiNext Index opened 0.45% and 0.59% higher respectively.
In addition to the index, the market's major main lines, industry sectors, concept sectors, and the performance of popular core stocks.
Only the "big finance" sectors are visible. Although the securities, insurance, and banking sector indexes have fallen a lot compared to the beginning of the call auction at 9:15, they still maintain the trend of leading the gains in the two cities, while the "infrastructure" , 'state-owned enterprise reform', and 'Internet finance', which were the main lines of drastic adjustments in the early stage, and their related industry sectors and concept sectors, also performed significantly better than the index, lagging only behind the financial sector that led the gains.
The performance of other main lines such as 'consumption', 'medicine', 'military industry', 'non-ferrous metals', 'coal', and 'smartphone industry chain', as well as their related industry sectors and concept sectors, mostly follow the fluctuations of the market index. Showing a slightly higher opening, or flat opening trend.
As for the popular core stocks that receive the most attention in the two cities.
Tickets such as Beixin Road and Bridge, Beijiang Communications Construction, Shanghai Sanmao, and Kumho Group, which fell to the limit yesterday, are now out of the quagmire of plummeting trends, showing a slightly lower opening trend, and the entire collective bidding of these tickets The trends are all continuing upward, and the buying performance on the relevant market is also quite eye-catching.
Overall, the positive stimulus from the ‘Shanghai-Hong Kong Stock Connect’ released by regulators before the market opened.
The entire market temporarily broke free from the shackles of collective pessimism and ushered in a general rebound. At the same time, the market investment sentiment also recovered slightly.
"Haha...it's rare to open higher than expected!"
Faced with the positive opening trend of the market, during the short trading suspension period from 9:25 to 9:30, the comment area of the stock trading platform where a large number of retail investors gathered finally received a lot of exciting and positive remarks.
"Yeah, this opening is really beyond expectations, but it's just... it's opening so high, I'm afraid it won't be stable!"
"There is no doubt that the high opening in the downward trend will definitely not be stable."
"I don't think so. If you look at popular stocks such as Beixin Road and Bridge, Beijiang Communications Construction, and Shanghai Sanmao, which have fallen severely, there is no panic selling today. And looking at the market prices of these stocks, it is obvious …The bargain-hunting funds entered the market during the collective bidding stage.”
"I think whether it can be stable depends on 'Big Finance', right?"
“The good news about the ‘Shanghai-Hong Kong Stock Connect’ has been released, and today is likely to be the home court of ‘Big Finance.’”
"Can 'Big Finance' make a move? I see today's trend. Most likely it opened high and then went low again. 'Big Finance' opened so much higher, who will take over?"
"I also think that there is a high probability that 'big finance' will not be stable."
"Whether it can open higher and move higher, and whether it can form an effective rebound trend, I think... it still depends on the two main lines of 'infrastructure' and 'state-owned enterprise reform.'"
“Today’s two main themes of ‘infrastructure’ and ‘state-owned enterprise reform’, I feel that the collective bidding trend is quite good!”
"Indeed, many stocks that fell violently yesterday did not panic sell in today's call auction. It looks like... they have fallen in place."
"Fortunately, there was good news before the market opened, otherwise I would have had another brutal sell-off today."
"Indeed, I hit the limit twice in a row. I hope there will be a retaliatory rebound to get me some blood back."
"Is it difficult to retaliate with a rebound? Hey... the requirements are not high. It would be very good if the Shanghai Stock Index rose by 2 points under the positive stimulation today."
"A 2-point increase isn't too much to ask for, right?"
“If ‘big finance’ cannot hold on, if the Shanghai Stock Index can maintain a 1-point increase at the afternoon close, it will be a victory.”
"A one-point increase shouldn't be a problem, right?"
"I hope that yesterday's decline can be reversed, so that there is a high probability that the market outlook will be promising. Otherwise, even if the index rebounds today, there is a high probability that it will fall back again in the future."
"It is definitely impossible to reverse the package. It feels like the market has not bottomed out at this position."
"After falling so much, has it not bottomed out yet? I think the index should have almost reached the bottom after it has fallen here."
"I also feel that the index is at this position, which is almost the bottom of the stage. The bad news about the IPO restart has been reflected by now, and it should be over, right?"
"Whether the index has reached a staged bottom depends on the distribution of the market's core main line chip structure."
"At present, all the funds on the market that should be sold have been sold, right? It feels that all kinds of selling orders have been almost cleared, and the index should not continue to plummet in the following period."
"Even if the risk of the index continuing to plummet is not great, the downward trend is still scary!"
"Yes, the key is that the main lines of the market and the trends of each stock are not consistent. It is possible that the index fluctuates slightly by one point, and many votes have to be adjusted by 10 points."
"It's better to be cautiously optimistic."
“Let’s take a look at the specific situation after the market opens, and then it’s not too late to make a move.”
"Yes, I think trading on the right side is much more reliable than trading on the left side. The risk of attacking on the left side is really too great."
"There is no essential difference between the right side and the left side. You have to lose when you deserve it."
"In the market's downward trend and turbulent trend, it is easy to copy the left side halfway up the mountain, and the right side is easy to chase the top of the mountain. Let me say...at this stage, light positions are the most important."
"Yes, yes, warehouse control, warehouse control..."
"If you ask me, it's useless to pay so much attention to small funds. Just look for the right opportunity and go all in."
"I feel that short-term speculation and speculation in the A-share market are obviously more suitable. The so-called long-term investment is actually a scam by big funds."
"It's not a complete scam. There are actually a few long-term bull stocks in the market that are suitable for long-term investment."
"Only when they come out can you know that they are long-term bull stocks. If they don't come out, they are junk stocks. There are nearly 2,000 stocks in the market. The probability of betting on long-term bull stocks is too small."
Many retail investors are discussing fiercely in the discussion area of the trading platform.
The market trading time has passed 9:30.
After five minutes of short emotional brewing, the trading disks of the two markets have just started to jump again. The leading "big finance" and the relatively strong "infrastructure", "state-owned enterprise reform", "Internet finance" and other hot main line areas in the early stage, which showed a relatively strong state in the call auction, have all been attacked by a large number of buying funds. Related industry sectors and concept sectors have ushered in rapid rises.
At 9:31, the Shanghai Composite Index rose by more than 0.8%, and the securities and insurance sectors rose by more than 1.3%. Among them, several core component stocks such as Western Securities, Founder Securities, and New China Life Insurance rose rapidly, rising by more than 3%, significantly outperforming the index.
At 9:32, the previous popular themes of "infrastructure", "state-owned enterprise reform", and "Internet finance", and the related industry sectors and concept sectors all launched a relatively rapid upward trend. Among them, the real estate sector rebounded across the board, and the sector index rose rapidly by more than 1%. In addition, core hot component stocks such as Kumho Group, China Fortune Land Development, and Gemdale Group, which suffered a sharp drop yesterday, are now turning red and rising, and the buying power is strong.
At 9:33, the Shanghai Composite Index rose by more than 1% and returned to above 2260 points.
At 9:34, the securities sector's increase expanded to about 1.65%, continuing to lead the two markets.
At 9:35, "Internet finance" resumed its upward trend. Huake Jincai and Shanghai Steel Union rose sharply, with an increase of more than 7%. Flush, Hengsheng Electronics, Oriental Fortune and other stocks also rose sharply, outperforming the index.
At 9:36, the Shanghai Composite Index rose by 1.12%, setting a new intraday high. At the same time, the market buying spread further. Several major main areas such as "infrastructure", "state-owned enterprise reform", and "Internet finance" that had been adjusted violently in the early stage and had a large short-term decline also ushered in a rapid and violent rebound trend.
At 9:37, suddenly, the buying volume of the banking sector began to weaken.
At 9:38, the banking sector index, with significantly weakened buying power, began to fall from the intraday high.
At 9:39, affected by the decline of the banking sector, the securities and insurance sectors, which are also core industry sectors in the "big finance" field, also showed a downward trend.
At 9:40, the overall buying volume of the market began to decline.
At 9:41, with the overall market volume declining, the market's main lines began to diverge. Among them, the "big finance" line continued to fall, showing a trend of insufficient volume and high-sell. On the contrary, the majority of investors in the pre-market market were generally pessimistic. The main lines of "infrastructure", "state-owned enterprise reform", and "Internet finance", which were seriously oversold in the short term, were still getting stronger and stronger, attracting various bargain-hunting and speculative funds to pour in rapidly. As for the main line areas that follow the index fluctuations, such as "consumption", "medicine", "nonferrous metals", "coal", and "smartphone industry chain", they also followed the "big finance" line at this moment, showing fatigue and gradually lagging behind the index increase.
At 9:42, the differentiation of the main lines of the market became more and more obvious.
At 9:45, the ‘big finance’ line recovered all the gains after the opening. At the same time, the main capital flows in the core industry sectors, such as banks, securities, insurance, etc., began to change from a large net inflow at the opening to a net outflow.
At 9:48, the real estate industry sector in the fields of ‘infrastructure’ and ‘state-owned enterprise reform’ saw its sector index increase by more than 1.5%, surpassing the previous securities sector and becoming the new leading industry sector in the two cities.
At 9:50, the two main lines of ‘infrastructure’ and ‘state-owned enterprise reform’, which were severely oversold in the short term, continued to be bought by various funds inside and outside the market.
At 9:55, the market completely concentrated on the field of ‘oversold rebound’. On the contrary, the ‘big finance’ field, which had major positive stimuli before the market, not only recovered all the gains after the official opening, but also gave up a lot of gains at the high opening, and the main capital of the relevant industry sectors was all in a state of outflow.
At 10:01, the real estate, building decoration, building materials, and film and television media sectors led the gains, and the gains of the major sectors in the main field of "big finance" retreated to the middle of all the sectors in the entire market.
At 10:05, the main direction of the market's main funds began to converge on the three main fields of "infrastructure", "state-owned enterprise reform", and "Internet finance" that were seriously oversold.
At 10:10, after the previous 40 minutes of formal trading.
The market's intraday volume stabilized, and at the same time, the differentiation performance of various industry sectors in the market and the market hierarchy were also more clear.
The market in the "big finance" field, which was strong at the beginning of the session, became weaker and weaker.
The three popular themes of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance', which were not favored by everyone before the market opened, have once again become the core of market development, focusing the attention of the entire market and various industries. The direction of attack of the party’s main funds.
Of course, when the market changes...
The core of market speculation has quickly changed from 'finance' to 'oversold rebound'.
And all of a sudden, a number of popular stocks on the main lines of "infrastructure" and "state-owned enterprise reform" that had fallen very badly in the early stage, such as "Beixin Road and Bridge, Beijiang Communications Construction, Shanghai Construction Engineering, Kumho Group, Chongqing Development, China Fortune Land Development" ' and other stocks have also experienced violent rebounds and surges. Whether it is its buying performance on the market or the net inflow of main funds, it has been greatly improved compared with yesterday and even in the previous period.
As for the ‘military industry’ field, which performed quite well yesterday.
In the first 40 minutes of trading today, it did not show any sustained market trends, and it was in a relatively weak industry sector in the market.
Of course, if there are smart investors who keep an eye on the 'military industry' field.
You should be able to find that the buying power of this main line is not weak.
"Hey, 'big finance' is really not stable. It has become the only sector in today's market that has no profit-making effect." Seeing the performance of the market in the first 40 minutes, at this moment in the magic city, inside Zexi Investment Company, the fund In the trading room, Zhou Kan couldn't help but sigh, "Unexpectedly, the three main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' have once again become the mainstay of the market. And thanks to the overall market recovery of these three main lines, the entire market has 'rebounded from oversold' This line seems to have been brought out.”
"Unexpected, but reasonable!" Xu Xiang, who was next to Zhou Kan, sighed softly and responded, "Even if there is a direct positive stimulus, the market does not have that much funds and is willing to take over and support it." Big Finance' this line."
Zhou Kan nodded and continued: "If the benefits of 'big finance' cannot rise, it will be basically abolished in the short term. Instead, the three core main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' will be different in the early stage." After the large-scale flight of main funds, looking at the rebound trend of these three main lines today, the market pressure seems to have completely lightened, and there are signs that the adjustment has ended and the decline has stopped. "
"Judging from the 40 minutes of trading at the beginning of the market, the rebound strength of these three main lines is indeed not weak." Xu Xiang stared at the trading market of the two cities and nodded slightly, "But to say that the adjustment is over, at the moment... say this It is still too early to say, after all, the market sentiment has not recovered, the capacity is insufficient, and the rebound trend may not be sustainable.”
"But fortunately, this time the regulators have taken considerable action, and their determination to maintain the market has once again been demonstrated."
"This gives the market a good policy support signal."
"With this signal, when everyone expects that regulators will continue to introduce various benefits to offset the disadvantages of the IPO restart, it is not far from the market's long-short trend reversal. Generally speaking, at the current stage, the index continues to plummet. The risks are limited, and the hope of an upward reversal, although not much, is still there.”
After hearing Xu Xiang's analysis, Zhou Kan thought for a while and said: "In that case, then...should we also adjust our trading strategy and get some more cost-effective chips at this position?"