Chapter 712: Signs of Capital Flight on the Eve of the Good News!

At 1:15, the Shanghai Stock Index fell further, completely engulfing all gains after the afternoon opening.

At 1:16, the popular main lines and popular concept sector indexes in the two cities fell back with the index and no longer hit new highs. At the same time, the time-sharing capacity of the two cities began to gradually shrink, and active buying further decreased.

At 1:17, the Shanghai Index fell back to the 1% intraday increase position, the Shenzhen Stock Exchange Index and the ChiNext Index fell back to within the 1% increase, and the strongest A50 Index has fallen back to within 2%, which is lower than when it opened in the afternoon. At the same time, within the popular concept main areas of 'securities, Internet finance, military industry, infrastructure, film and television media, and domestic software', there are some concept stocks on the fringe, especially some concepts that only closed their daily limit near midday in the morning. The stock, at this moment, is already showing signs of exploding.

At 1:18, leading concept stocks in major popular mainline areas also began to come under pressure, and the number of selling orders on the market gradually increased.

At 1:19, 'Beixin Road and Bridge' exploded, including the building decoration and building materials sectors in the main line of 'infrastructure', as well as the 'Shanghai Free Trade Zone' concept sector that is closely related to 'Beixin Road and Bridge', as well as 'state-owned enterprises' The state-owned enterprise reform and reorganization sector all followed the trend and fell back.

At 1:20, ‘LeTV’ fell back from its intraday high of 8.11% to a 5% gain, and its intraday turnover once again exceeded the 3 billion mark.

At 1:21, the 'Film and Television Media' industry sector index, which is strongly related to 'LeTV.com', fell back below the 2% increase in the day. At the same moment, 'Huayi Brothers, Huace Film and Television' exploded, and Ciwen Media , Guangdong Media, All Access Education, etc., the daily limit stocks in the sector have rapidly reduced their daily limit orders.

At 1:22, this obvious selling and selling effect began to spread to the core "securities, Internet finance, and military industry" sectors.

At 1:23, the number of red stocks in the two cities fell back to around 1,500.

At 1:24, the stock of "Hongdu Aviation" in the "military industry" sector exploded.

At 1:25, "Fushun Special Steel", the leading concept stock in the two major concept sectors of "nuclear power" and "military industry", also fell sharply.

At 1:26, the entire 'National Defense and Military Industry' sector index fell back to about 2.5% during the day.

At 1:27, the two stocks of Hengsheng Electronics and Oriental Fortune in the field of "Internet finance" fell sharply, and there were large sell orders of 10,000 lots on the market.

At 1:28, the 'Oriental Fortune' check saw the market's gains drop by nearly 2 points within one minute.

At 1:29, on the daily limit board of Flush, the daily limit orders fell sharply. In one minute, the number of orders was reduced by almost 70,000 lots.

At 1:30, ‘Western Securities’ in the ‘Securities’ sector fell sharply.

At 1:31, the intraday trading volume of "Huaxin Securities" once again reached the 7.5 billion mark. At the same time, the intraday increase has dropped from a maximum of around 4.75% to 3%.

At 1:31, the check of 'Founder Securities' turned green again during the day, showing a downward trend. At the same time, it continued to underperform the sector index and the broader market index, and continued to lead the decline of the entire securities sector.

At 1:32, "Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Railway, China South Locomotive, China North Railway..." and other major "infrastructure" stocks with Chinese prefixes were on the market. On the market, there were heavy selling orders, and as the gains of these stocks fell, the more core stocks such as 'Reform and Reorganization of Central and State-owned Enterprises', 'New Era Road, Maritime Silk Road', and 'Shanghai Free Trade Zone' The main line of conceptual themes has also declined rapidly.

At 1:33, MCC, which had strongly blocked its daily limit in the morning, exploded. On the market, there was intense long and short trading, with a continuous tough confrontation between the main sellers and main buyers with tens of thousands of large orders.

At 1:34, MCC China closed the daily limit again after adding 360 million in new transactions.

And also at this moment.

After nearly 20 minutes of diving, the market began to rebound.

At 1:35, the Shanghai Stock Index returned to the 1% intraday increase mark. At the same time, the time-sharing trading volume of the two cities began to increase again.

At 1:36, the Shenzhen Stock Exchange Index and the ChiNext Index also returned to the 1% increase mark.

At 1:37, a number of popular core sectors such as 'securities, Internet finance, military industry, infrastructure, film and television media' have rebounded one after another, and the corresponding share prices of core stocks and leading concept stocks have also rebounded. After a large amount of concentrated selling has been consumed, The bullish forces began to clearly counterattack on the market.

However, this counter-offensive trend gradually returned to the corresponding intraday high when the index gradually returned.

Then he lost the motivation to continue his attack.

At around 1:50, with the bullish power once again exhausted, several major core indexes, as well as major popular sector indexes, began to fall back one after another.

At this point, the Shanghai Stock Index began to fluctuate within the range of 1.5% to 1% during the day.

A number of popular stocks in the market have also begun to gradually digest the selling pressure on the market amid index fluctuations, and gradually consolidate the internal chip structure.

"Compared to the morning and afternoon trading sessions, the bulls' offensive has obviously slowed down a lot!"

At around 2 o'clock in the afternoon, in the 'Yinghui No. 1' fund product trading room inside Yinghui Fund Company in Shanghai, Liu Guanhai, the fund manager in charge of this fund product, said with emotion: "I feel that the market is at this position, I'm afraid it will happen again. It will take a violent shock before we can further attack 3400 points.”

"It feels like it's not that the bulls' offensive has slowed down, but that the power of short selling has increased, right?" Next to Liu Guanhai, Yu Lei, the leader of the fund trading team, took over and said, "Mr. Liu, please see, the market's trading volume can, in the index In the continuous oscillating trend, there is no obvious attenuation. Especially when compared with yesterday's market, it is easier to see that the market's trading volume is still gradually increasing upwards.

This shows that there is actually no change in the newly added long-term funds entering the market.

Even, it is still continuing to strengthen.

Today's index stagnated at the intraday high and fell into a volatile situation that was unable to continue to break upward. This was mainly due to the concentrated selling pressure at the top of the market after the market opened in the afternoon. "

When Liu Guanhai heard Yu Lei's words, he squinted and took a closer look at the market trends of the two markets. He also carefully compared the volume performance of the same time period in yesterday's market, as well as the total turnover performance. He indeed found that what Yu Lei said was right. He couldn't help but ponder for a moment, and said: "It seems that the sudden increase in selling volume can indeed lead to the current market shape, but... the huge profits and unwinding of arbitrage accumulated in the market in the short term were not the same as on Monday." Has it been almost cleared up during the huge plummet? Why is there still such a strong selling force at this position? "

"The range between 3,000 and 3,500 points for the Shanghai Composite Index has always been the most serious range for historical hold-up." Yu Lei took over and continued, "After the market plunged on Monday, the index has been positive for 4 consecutive days. Oh my god, a lot of profit and settlement orders have been newly added.

Furthermore, the index returned to new highs.

Facing next Monday, everyone expects good market news, as well as uncertain market news over the weekend.

For these profit-taking and arbitrage orders, it is very reasonable to carry out profit-taking selling at this time point on Friday, and at this time point before the expected benefits are realized, to cash in the profits and avoid the unpredictable market trend next Monday. .

There is also the shadow of Monday's market crash. Although it has gradually weakened during the comprehensive recovery and rebound of the index, this shadow has not completely faded away from the hearts of the vast number of investors both inside and outside the market. Everyone is still worried that the market will do it again, and it will happen again. Go back to the 3000 point position.

So, the anticipation of ‘Black Monday’ exists.

For many capital groups whose risk appetite is not that high, it is also very reasonable to exit first at this point in time.

In this way, these factors and the funding group work together.

After the market opened this afternoon, the selling force on the market was significantly amplified, which seems very normal. "

After hearing what Yu Lei said, Liu Guanhai nodded slightly and said with a smile: "So, you think the current market trend is completely normal and we don't need to worry?"

Yu Lei nodded and responded: "Of course it's normal. I think as long as the market's turnover and trading volume are strong, and there are a lot of funding groups pouring in outside the market, the market will be in a relatively strong state." In terms of chip acceptance, the attitude is still positive, so... even if the index retreats briefly, it will eventually reach new highs under the continuous support of buying orders, and the market will move to a higher position. "

After the market fell sharply on Monday, the Shanghai Stock Exchange Index rebounded rapidly and turned around.

Now, he has been able to treat the occasional market adjustments calmly. Even if the index suddenly drops by several points, he will not panic.

Of course, regarding this confidence and confidence...

The most fundamental source is the "Yinghui No. 1" fund product they operate. The core chips they currently hold have relatively low costs and can have a large cost advantage to withstand the retracement caused by market shocks.

"So, do you think we still maintain aggressive positions and just wait and see what happens?" Liu Guanhai pondered for a moment and continued to ask.

Yu Lei thought for a while and responded: "Looking at the market trend in the afternoon, the main financial groups in the market should still be pessimistic about the market trend next Monday, and are worried about the expected good news next Monday. , On-site profit taking and settlement of arbitrage are concentrated through the capital acceptance effect when the benefits are implemented.

So, although it is a benign correction in the entire ‘bull market’ stage.

But we use small positions. In this kind of benign correction, it is also possible to follow the expected performance of the main funds in the market and make a market.

Of course, under the premise that the market's "bull market" pattern has not changed at all, and the basic investment logic has not wavered at all.

It is best not to move the core and main positions of our fund at all, so as not to lose the watermelon while picking up sesame seeds in small-band market trading operations. "

"You can do it this way." Liu Guanhai nodded and continued, "If you keep locking the position, traders will gradually lose their sense of intraday trading."

Seeing that Liu Guanhai agreed to his proposal, Yu Lei couldn't help but smile, and quickly turned to the traders and issued corresponding trading instructions.

And with the issuance of his trading instructions.

At this time, the market trading time has entered after 2:30 pm.

In the last half hour of the closing, the market saw an obvious increase in trading volume, and both long and short trading became more intense.

Of course, as the volume continued to rise and the long trading became more intense.

The market's core indexes, as well as the market amplitudes of various hot sectors and core concept themes, have significantly shrunk.

Finally, when 3 o'clock in the afternoon came, the two markets officially closed.

The Shanghai Composite Index finally settled at 3359.78 points, up 1.02%, while the Shenzhen Composite Index and the ChiNext Index rose 0.93% and 0.89% respectively. Among them, the A50 Index closed at a 2% increase, still showing a trend of leading the two markets.

In addition to the performance of major market indexes.

The trading volume of the two markets approached 790 billion, unexpectedly setting a new high in trading volume again.

As for the major hot main lines, major hot sectors, and major core concept theme main line performance...

The main line of 'big finance' headed by the two core sectors of 'securities and Internet finance' still led the two markets, with the securities sector index closing up 2.33% and the Internet finance sector index closing up 2.65%.

The core stocks in its main line field.

'Huatou Capital' still firmly closed the daily limit, with a daily turnover of 3.246 billion; although 'Tonghuashun' had a large volume in the late trading, it also maintained the form of closing at the daily limit, with a daily turnover of nearly 2 billion and a turnover rate of more than 20%; 'Western Securities' rose 5.11%, 'Oriental Fortune' rose 3.75%, 'Hengsheng Electronics' rose 3.12%, and 'Dazhihui and Jinzheng Shares' also closed the daily limit.

And 'Huaxin Securities' daily turnover reached 11.233 billion, which also set a new annual turnover record for this stock and a new annual high for the single stock turnover in the entire market.

‘Founder Securities’ closed down 0.49%, still leading the decline of the entire securities sector.

Following the ‘Securities and Internet Finance’ sector is still the ‘Military Industry’ main line.

Although this main line also suffered a sharp decline in the late trading stage, judging from the closing results, the entire ‘National Defense Military Industry’ sector still had more than 5 stocks that hit the daily limit, and 10 stocks that rose by more than 5% during the day. Among them, several popular stocks, ‘Lanshi Heavy Equipment, China Airlines Heavy Machinery, and Chengfei Integration’, all closed at the daily limit.

Following the performance of the ‘Military Industry’ main line.

are the two core main lines of ‘Infrastructure’ and ‘Technology Growth’.

The performance of the related industry sectors and concept sectors in these two core main lines is a bit uneven. Among them, the "high-speed rail, public transportation, special steel, cement, film and television media" sectors performed well and outperformed the market index, while the "building decoration, building materials, smart phone industry chain, domestic software, commercial real estate development" and other sectors were relatively weaker than the market index.

As for the non-hot main line areas other than these core main lines.

For example, the main line areas such as "consumption, medicine, nonferrous metals, coal, petrochemicals..." still follow the fluctuations of the market, but have a form that is obviously weaker than the market trend.

There are no obvious signs of concentrated acceptance of core main funds, nor are there concentrated selling pressure.

Its main form trend has not yet formed a relatively clear upward trend, and it has not shown a strong "bull market" form like the previous popular core main lines. (End of this chapter)