Chapter 64 Breaking Through 1000 Points!

At 2:32, the ChiNext Index rebounded to a new high of 1012.37 points, up more than 3.5%.

At 2:34, pan-mobile Internet concept stocks such as "mobile payment", "smart city", and "Internet finance" rose straight up. Core stocks Tianyu Information, Yinjie Shares, and Shanghai Steel Union all rose by more than 7%, with a strong momentum to break through the board.

At 2:37, the two major adjustment sectors of "mobile games" and "film and television media" turned red from deep water. Huaqingbao rebounded from the lowest limit position to a drop of 2 points, and also had a strong momentum to turn red.

At 2:42, the stocks of the "wearable device" concept and "Apple concept" related sectors exceeded 8 limit stocks, and the overall sector rose by more than 6%.

At 2:46, the "big finance" of the main board moved again, and the Shanghai Composite Index began to expand.

At this time, the ChiNext Index hit 1017 points, and the increase expanded to 4.2%. All concept sectors in the two cities were in the red, and none of them fell.

Then, at 2:50, the last ten minutes of the closing session began.

After a huge increase in volume, the entire market began to slowly fall back, and the extreme pursuit of rising sentiment began to subside.

Finally, at 3 o'clock, when the market closed, the ChiNext Index was 1012.66 points, up 3.72%, and the Shanghai Stock Exchange was 2244.27 points, up 1.23%. A total of more than 20 stocks in the two cities hit the daily limit, and the total number of stocks that fell was less than 350. The money-making effect was hot.

After the closing...

Facing the desperate counterattack of the two cities, the long-awaited surge, and the ChiNext Index once again stood at the 1,000-point mark after two and a half years.

Major domestic financial media, including the Securities Times, have given extensive coverage to the stock market.

Among them, many people shouted the slogan "The bull market has come, the future has come", and some even shouted the bull market target of 3,000 points for the Shanghai Composite Index and 2,000 points for the ChiNext Index at the end of the year.

Of course, except for the voices of securities institutions and financial media who were shouting at the top of their lungs.

The majority of investors in the entire market, after six consecutive years of bear market torture since 2007, no longer believed the words of these institutions and media. Even if the other party shouted and painted a beautiful vision, most investors remained indifferent.

Only a few retail investors who were active in the market and had been "old rookies" for many years.

At this moment, they seemed slightly excited and had more expectations for the future market.

After all, for a market that has been bearish for six years, for ordinary investors who have long been tortured by the stock market and have lost all confidence and hope, a big positive line in the general rise of the market is not enough to change their beliefs, nor is it enough to attract a large number of off-site investors to enter the market. It can only give a little comfort to the short-term speculative funds in the market.

However, even though most ordinary off-site investors are indifferent.

However, many institutional investors on and off the market were still quite shocked by the fact that the ChiNext Index successfully broke through 1,000 points today, and the "Apple concept" and "wearable device" concept stocks broke out comprehensively, almost setting off a wave of daily limit rises. They felt a hint of unusual market atmosphere.

Even many institutional researchers and fund managers who react quickly and have a keen sense of smell.

At this moment, they have begun to perceive the huge opportunities hidden in the ChiNext, the so-called "emerging economy" index sector.

Understanding the ChiNext may be the market's forward indicator.

And began to increase positions in the core concept stocks related to the ChiNext, as well as the ChiNext index weighted stocks with slightly larger capital capacity and liquidity.

In this quietly changing market trend and investment sentiment, 5:30 pm arrived.

The new Dragon and Tiger list was announced.

Among the stocks with the concept of "Apple" and "wearable devices" that led the two markets, Anjie Technology, Shuobei De, and Xinwei Communication were on the list. On the contrary, "Fenda Technology", which was the first to hit the daily limit, was not on the list due to insufficient turnover, hiding the traces of the main funds in the market.

As for the others...

The previous leading stock Tianyu Information, and Yinjie Shares in the concept of "Internet Finance", also made the list.

Su Yu roughly browsed the buying and selling seats of these listed stocks and found that most of them were hot money seats, and there were very few institutional seats and known private equity seats.

This proves that the current market of the GEM is still dominated by hot money.

Institutions are trapped in the blue chips of the main board and have not reacted in time, or they have not yet realized that the core of the future market evolution of the entire market is on the emerging "GEM".

Of course, Su Yu also knows that these institutions and private equity funds are slow to react, but they are not stupid.

With the continuous market evolution after the GEM index broke through 1,000 points, industries such as the "Apple concept", "wearable device" concept, "mobile Internet" concept, "mobile game" concept, and "film and television media" concept have gradually shifted from pure concept speculation to performance realization.

These institutions and private equity funds will definitely follow suit and enter the market to grab the so-called "high-quality chips".

Because, in the gradual process of market speculation.

Any industry with future explosive potential, in the financial market, the speculation process of its related stocks always changes from concept speculation to performance speculation, and then ends when the performance realization is not as expected and the future imagination space is insufficient.

Therefore, Su Yu has opened up new market space after the GEM index has steadily stood at 1,000 points.

I don’t worry at all that no one will take over the chips I bought.

After he clarified the development of the market, the next day, Thursday, May 16, the stock market opened higher amidst the high investment sentiment in the entire market, among which the concepts of 'Apple concept' and 'wearable device' continued Strong, core concept stocks such as Anjie Technology, Changying Precision, Xinwei Communications, Goertek Technology, Shuobede, etc. all opened 2 to 5 points higher, showing their strong status.

As for Fenda Technology, which Su Yu holds a position in.

Under the dual stimulation of the good sector and the good fundamentals of the company, the price limit was unlimited at the opening, and more than 250,000 orders were closed.

Facing the three major indexes, most stocks in the two cities opened higher due to the rebounding investment sentiment in the market.

Su Yu frowned slightly, but was not very optimistic.

After the index breaks through the key pressure level, even if the market sentiment is high, it still needs a process of consolidating chips, clearing floating chips, and stepping back to confirm support.

Therefore, we continue to hold high and fight high without the entry of large-scale ordinary investors outside the market.

It's simply not realistic.

really……

While he was pondering, after the two cities officially started bidding transactions, the three major indexes that had opened high began to fall back.

There have also been a lot of selling orders on related core popular concept stocks.

Ten minutes later, at about 9:41, the three major indexes, the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index, all slipped under the water and turned from rising to falling.

It's just that this pullback has shrunk significantly compared to yesterday's late breakthrough.

This proves that the various funds that chased in when the market broke through are still optimistic about the index at this moment, which is a substantial breakthrough. They are optimistic about the huge continuity of the market and have not followed the trend of selling, forming a temporary accumulation of chips.

And under this benign correction of shrinkage...

At 9:57, when the GEM index reached its lowest point of 1005.67, it stopped falling and gradually entered a sideways fluctuation.

Moreover, half an hour later, the equivalent capacity can be reduced to an extreme again.

When floating and selling, it was significantly digested.

The three major indexes began to slowly increase in volume and turned red again around 11 o'clock.

Only this time, after recovering from losses, the three major indexes continued to stabilize and did not rush to the upside. They remained within a very small amplitude until the closing at 3 o'clock in the afternoon. Finally, the Shanghai Composite Index closed at 2251.81 point, a slight increase of 0.23%; while the GEM index closed at 1009.53 points, a slight decrease of 0.31%.

As for the major concept sectors and individual stocks in the two cities.

Yesterday's popular 'Apple concept' and 'wearable device' concept sectors were basically in a flat and volatile state today, shrinking significantly. They are clearly digesting short-term profits and floating chips, and consolidating their chips. Its core concept stocks, Except for Fenda Technology, which has been trading at the daily limit and has never increased its volume, the rest are also in the same state as the opening and closing, with no enthusiasm at all.

However, this kind of disk, although very dull, made Su Yu very satisfied.

Because after the huge increase in volume, the severe shrinkage and extremely small amplitude fluctuations prove that the accumulated funds and the investment group who are optimistic about the market outlook are quite large.

This gives the market outlook the power and opportunity to continue to rise and continue.

At the same time, it also proves that after breaking through the 1,000-point mark of the GEM Index, it has formed a substantial market support point.

As long as we don’t encounter a severe negative blow at the macro level in the future.

Then, the GEM index of 1,000 points is the strongest line of defense and the market starting point in the minds of investors.

After the market closed, at 5:30 p.m., the new Dragon and Tiger list was announced. Due to the very small fluctuations in today's market, the daily limit stocks are limited. In addition, Fenda Technology has achieved both the increase ranking and the cumulative increase within 3 days. Conditions for entering the Dragon and Tiger List.

So, this is a new core concept stock in the market.

After escaping from the Dragon and Tiger list yesterday, it shined on the list today, revealing its trading seats.

Su Yu originally thought that Fenda Technology would hit its daily limit today, and the total transaction volume would not even be 10 million, so there would be no surprises on the buying and selling seats.

However, when he really paid attention to the trading seats disclosed by Fenda Technology.

But he was suddenly startled, obviously surprised.