Chapter 686: Market Turnover Reaches a Record High!

"Ah..." Shao Xiaoyun sighed and said, "With this trend, the Shanghai Composite Index is likely to fall back to 3,000 points."

Liu Changling pondered for a moment and said, "Preliminary observation shows that this is inevitable, but as long as the gap when the Shanghai Composite Index broke through 3,000 points in the previous gap is not filled, the volume can decay tomorrow and form a pattern of continuous decline and shrinkage, then the market can still maintain a strong state overall.

The main selling force today is still the suppression of profit-taking and unwinding.

There should not be much other panic selling.

In other words, the market's 'bull market' pattern The situation has not changed. As long as this basic investment logic remains unchanged, even if we miss a good position to reduce positions today, it is not a big problem.

As long as the "bull market" pattern is there, the index will fall and touch the support level.

At the same time, after the excessive accumulation of profit-taking and unwinding orders in the market are cleared on a large scale, or after the adjustment of positions is completed, the index should still rebound gradually and quickly recover the lost ground. "

"I hope so!" Shao Xiaoyun nodded and said, "I am afraid that the macro investment logic of the two main lines of "infrastructure" and "military industry" will collapse, which will completely bring down the market. After all, the current two main lines are the main A number of industry sectors and concept sectors have been rising for several months in a row, and their positions are really not low, and these areas have a great impact on the weight of the index.

In addition, although the Shanghai Composite Index has broken through 3,000 points, the upward space has not been completely opened.

The logic of the "bull market" exists, but its logic has not penetrated into the minds of all investors in the entire market. At present, there are still many investor groups and major institutional groups inside and outside the market who are obviously skeptical about the market's "full bull market."

Liu Changling nodded slightly and responded: "In the early stage of the bull market, the market The market is constantly hesitating and doubting, gradually strengthening expectations and gradually forming consistency. At this time, the market has differences and everyone has doubts in their hearts. I think it is a very normal thing.

The key is to see the subsequent changes in macro news after the market plummets today.

And the changes in volume.

If everything is still changing in a positive direction, then we should still stick to the expected judgment of "full bull market" and should also stick to the lock-up strategy to hold on to the low-priced chips we have obtained on a large scale at a relative bottom position. "

After speaking, Liu Changling turned his eyes back to the two markets.

At this time, the market trading time has reached 3 o'clock in the afternoon, and the two markets have closed.

As the rapidly changing market of the two markets freezes, the Shanghai Composite Index finally closed with a drop of 4.57%, almost closing at the lowest point of the day, fixed at 3166.88 points, and the intraday point drop exceeded 120 points; the Shenzhen Composite Index and the ChiNext Index both closed at a drop of 4.20%, also almost closing at the lowest point of the day.

The two markets traded a total of 768.799 billion throughout the day, setting a new high in turnover.

At the same time, this volume is basically the same as the historical high position of turnover when the Shanghai Composite Index was around 6,000 points in 2007, which can be described as a huge amount.

In addition to the major core indexes of the market that plummeted across the board.

The core themes of the two markets, as well as the performance of core concept sectors, leading stocks, and weighted stocks.

Among all the industry sectors and concept sectors, only the ‘new stocks’ sector achieved a positive closing, and the new stocks sector index closed up 0.76%. In addition, within the sector, except for the newly listed stocks that did not open the daily limit, a total of 26 new stocks in the recent period achieved a positive closing.

Of course, there are also many new stocks that have hit the daily limit in this sector.

Among them, the ‘Lanshi Heavy Equipment’ check, which once hit 25 consecutive daily limits during the trading session, also closed at the daily limit today, with a turnover rate of 39.47%, also hitting a new low in recent adjustments.

And the highly watched ‘Huake Shuguang’ check.

It still hit the daily limit, and there was no increase in volume under the market crash throughout the day, forming a trend of 12 consecutive daily limits, which is also the stock with the largest number of consecutive daily limits in the current market.

In addition to the ‘new stocks’ sector.

Relatively resistant to declines, the sector index fell within 1% within the day, mainly in the "bank", "insurance", "petrochemical" and "coal" sectors.

The "bank" and "insurance" sectors belong to the "big finance" main line.

They are also the main holding areas of the "national team", the super main force in the market.

Recently, the "big finance" main line has been continuously sought after by the main funds of all parties in the market, and the "national team" has intentionally maintained the market conditions of the two cities, resulting in the two major financial weight sectors, in today's extreme plunge, a tenacious and resistant trend.

As for why the "petrochemical" and "coal" sectors are also so resistant to declines.

It is mainly because these two major industry sectors have undergone sufficient adjustments in the early stage and even in the past two years. Both the sector index and the corresponding component weight stocks are near the historical low, and they have not rebounded much in the trend of the Shanghai Composite Index's comprehensive upward breakthrough for two consecutive weeks.

Therefore, it can be said that there is no more room for decline, so it is naturally more resistant to decline.

And unlike the relatively large volume trend of the two major sectors of ‘bank’ and ‘insurance’, the ‘petrochemical’ and ‘coal’ sectors, in the overall explosive sell-off trend of the two markets today, have actually shrunk. This fully indicates that the momentum of the sell-off in these two major industry sectors has indeed dried up. At the same time, whether there is a core main fund group focusing on it, it is indeed in a state of no further decline and no way to fall.

Following closely behind the ‘bank’, ‘insurance’, ‘petrochemical’ and ‘coal’ industry sectors.

Other industry sectors that have clearly outperformed the major core indexes of the market include ‘pharmaceutical commerce’, ‘automobile’, ‘home appliances’, ‘food and beverage’, etc.

The performance of these sectors and their relatively anti-fall logic.

Basically similar to the ‘petrochemical’ and ‘coal’ sectors.

That is, these industry sectors, in this round of the Shanghai Composite Index from around 2900 points, continuously forced to rebound to around 3300 points, the rebound increase is not large, the accumulated profit-taking, and the funds for the recent unwinding are not much, and the sell-off momentum is not strong.

In addition to these relatively resistant industry sectors and main line areas.

Following the fluctuations of the index, the industry sectors whose intraday declines are mainly in line with the index include securities, Internet software, Internet applications, electronic information, animal husbandry, power equipment, mechanical equipment, public transportation, high-speed rail, basic communications, etc.

Among them, the trading is relatively fierce, and the long and short explosions are huge.

The three major industry sectors are securities, Internet software and Internet applications.

The securities sector has a daily turnover of about 88 billion, which also set a new annual high and even a historical high for the sector. The stock of "Huaxin Securities" alone has a daily turnover of about 12.7 billion, accounting for nearly one-seventh of the total turnover of the sector.

Internet software and Internet applications are mainly dragged down by "domestic software" and "Internet finance".

The main intraday selling momentum is also obviously from these two concept sectors.

Other industry sectors with similar declines to the index are relatively less traded, but the selling pressure on the market is still quite obvious.

As for the fact that it significantly underperformed the market index during the day.

The industry sectors that formed the main force of the day's sell-off, the core main line, mainly came from the fields of 'film and television media, building decoration, building materials, commercial real estate development, and national defense and military industry'.

And almost all of these major industry sector indexes were at a decline of more than 5%.

Among them, the film and television media and national defense and military industry sector indexes fell by nearly 6.5% during the day, and the constituent stocks within the two major industry sectors all set off a trend of limit-down.

However, although the intraday declines of the two major sector indexes were similar, the logic was completely different.

The 'film and television media' sector fell so much today, and a huge amount of stocks broke out, forming a trend of limit-down. This is mainly because this sector has rebounded violently in the past two weeks without sufficient support from positive expectations, accumulating a large number of short-term profit-taking and short-term unwinding.

And the 'national defense and military industry' sector.

It is mainly affected by the check of "Chengfei Integration". The essential reason for its explosive sell-off is that the failure of the reorganization of "Chengfei Integration" has brought a group of investors gathered in this main line field to re-examine and re-evaluate the hype logic of "military asset restructuring" and "military enterprise asset securitization path". The essential investment logic has been questioned and challenged, not the suppression of short-term profit-taking and unwinding.

After all, compared with the entire market.

The two main lines of "infrastructure" and "military industry" have been adjusted for a long time, and in the past two weeks, there has been basically no positive market feedback, and there has been no accumulation of short-term profit-taking and unwinding.

Except for the two leading industry sectors of "film and television media" and "national defense and military industry".

The other main decline sectors are mainly due to the changes in expectations of the macro core policy direction of "reform and restructuring of central enterprises and state-owned enterprises".

In general, today's market has exploded.

The main reason is the concentrated flight of short-term profit-taking and unwinding, and the secondary reason is the loosening of the main line logic of the concept theme of "central enterprises and state-owned enterprises reform and restructuring" caused by the straw of "Chengfei Integration", which led to the concentrated risk aversion and position adjustment of the relevant core main funds.

But no matter what the reason is, the overall market crash today caused the killing trend.

Under this trend.

The vast investor groups inside and outside the market, facing this closing situation, have a corresponding loosening of their original firm belief in the "bull market" and the belief in long positions.

After all, several major indexes, major hot core main lines, industry sectors, and concept sectors.

Even a number of popular leading stocks and weighted stocks.

Almost all of them closed near the lowest position during the day, tragically killing all the selling funds undertaken during the day.

And this means that today's market basically has no money-making effect.

As long as there are investors in the market, as long as there are positions, very few people can avoid losses.

"Fuck, this is so tragic."

In the already frozen green, the retail investors gathered in the discussion area of ​​the trading platform and the major online stock investment discussion platforms were all greatly shocked.

"Today's decline can be ranked in the top three this year?"

"To be precise, it is the second!"

"I really didn't expect that the market would plummet like this today. Where is the bull market that was promised? The trend of the bull market...is this?"

"Hey, I'm afraid the word 'bull market' has to be a question mark, right?"

"Nearly a week's increase was wiped out in one day. It's really amazing..."

"In the past two weeks, the new novice investors who have poured in must have been taught a lesson by the main funds today, right?"

"Let me just say...it's not that easy to make money in my big A."

"It's a good short squeeze, but it was really cut off today! It feels like the Shanghai Index will definitely go to 3,000 points to confirm support in the future."

"Look at this situation, can you hold it at 3,000 points?"

"With today's plummeting trend, I'm afraid it will hit 3,000 points tomorrow."

"The market is not going to end like this, is it? Damn it... I was only full yesterday, am I standing on the top of the mountain again?"

"Year after year, it's the same year after year. I feel like this wave is just a different person standing guard. The 'bull market'... I'm afraid it's still far away!"

"Hey, I originally thought that after the Shanghai Stock Index broke through 3,000 points, there should be a big market. Now it seems... I am still too optimistic. The Shanghai Stock Index cannot break through 3,500 points. It seems that it will never really open up space."

"Actually, the most terrifying thing today is energy. 760 billion energy is really terrifying."

"No, this amount of energy is really difficult to repair..."

"You still can't form a pattern. Once you form a pattern, you'll stand guard."

"Today's huge amount of energy is unlikely to be all thrown away by retail investors. Many major institutional groups must have fled."

"Whether the main funds have escaped or not, you should be able to tell if you are on the Dragon and Tiger list."

"In fact, in the early trading today, 'Big Finance' was still very resistant to the decline, and even went up for a while. I don't know why it collapsed in the late trading."

"It's very simple. If the logic of the 'bull market' is no longer there, then there must be something wrong with the expected logic of 'big finance'!"

"Hey... the key is the position of 'securities'. It is not low now. I wonder if it will become the main force to kill the decline in the subsequent market adjustment period."

"As long as Mr. Su's 'Yu Hang Department' funds have not been released, the problem in the 'Securities' sector shouldn't be serious, right?"

“It’s hard to guarantee that Mr. Su’s ‘Yuhang Department’ can continue to lock up positions!”

"There are also lines such as 'infrastructure', 'military industry', and 'film and television media'... These lines are really miserable today."

"It feels like the current 'infrastructure' and 'military industry' sectors are the main lines of 'Internet finance' and 'smartphone industry chain' at the end of last year, right? There are expectations, but there are too many overdrafts. Once the follow-up news is not as good as expected, it will stop No major funds can sustain the unstoppable plunge.”

"The line of 'Film and Television Media' is really good... I originally thought that 'LeTV' could turn around, but unexpectedly... it fell to the limit today, directly bringing down the entire 'Film and Television Media' sector."

"Hey, stop talking. The trend of all the major lines today is quite ugly."

"Damn it, you just added the financing and you've already made a huge loss. Hey...it looks like you'll have to cut your flesh tomorrow!"

"I'm afraid the index will definitely drop lower tomorrow, right?"

"With this kind of trend, there is no huge substantive benefit in the evening. The index will definitely open sharply lower tomorrow. There is no need to say that. After all, today is the limit of 100 stocks. 131 stocks closed at the limit in the two cities. You can imagine... Today's The market rankings are probably very explosive.”

"At least forty or fifty stocks must be on the Dragon and Tiger list."

"Flush also hit its limit today. The trend of this check in the past two weeks has been really fierce. It's either rising or falling. It's really extreme."

"I was cheated today. I hope the regulators will continue to release benefits tonight!"

"I don't know who hit it. It's so hard even if it's not really bad."

"Actually, what is disgusting is the funds that smashed the market in the afternoon. Originally, there was a period of time at the beginning of the afternoon. If the market worked together, it could pull up and achieve a deep V reversal trend."

In the midst of heated discussions, sighs and disappointment among tens of millions or hundreds of millions of retail investors.

The time unknowingly has entered around 5:30 pm.

Under the spotlight, the Dragon and Tiger Lists of the two cities were refreshed, with a total of 51 stocks on the list, and most of the stocks on the list landed on the Dragon and Tiger List in the form of a price limit.

Among them, popular leading stocks, Western Securities, Flush, Bluestone Heavy Equipment, China Airlines Heavy Machinery... are all on the list.

And when countless investors focus on these popular stocks, as well as the trading seats disclosed by many core weight stocks that are extremely traded today.

But they were obviously startled again, and they all let out a surprised sound, and they were all a little surprised. (End of chapter)