Chapter 728 Market Trends Beyond Expectations!

At 9:42, the two major weighted sector indexes of banking and insurance also continued to rise, rising by more than 1.5%. Among them, the two core stocks of Ping An Insurance and Ping An Bank broke through the daily increase of about 5%, and the volume continued to explode, both setting a new high in the same period of time recently.

At 9:43, ‘Minsheng Bank’ suddenly hit the daily limit, and the banking sector index continued to rise.

At 9:44, ‘Minsheng Bank’ hit the daily limit, and the daily transaction volume reached about 2 billion in just over ten minutes.

At 9:45, ‘Southwest Securities’ hit the daily limit, and the securities sector index continued to rise.

At 9:46, the two core concept theme sector indexes of ‘reform and reorganization of central enterprises and state-owned enterprises’ and ‘new era road and maritime Silk Road’ also broke through the 1.5% increase position. Among them, the main line weighted stocks with the prefix ‘China Railway Construction, China Communications Construction, China Construction, China South Locomotive and Rolling Stock, and China Northern Locomotive and Rolling Stock’, as well as the main line popular leading stocks of ‘North Xinjiang Communications Construction, Beijing New Building Materials, Conch Cement, Shanghai Construction Engineering, Shanghai-Hong Kong Group, Yingkou Port’, all rose by more than 5% during the day.

At 9:47, the major industry sector indexes of building decoration, building materials, commercial real estate development, machinery and equipment, public transportation, and non-automotive transportation also rose by more than 1.5%. The entire ‘big infrastructure’ main line, which is behind the ‘big finance’ main line, also showed a comprehensive outbreak of the trend.

At 9:48, the core stocks of the "military industry" sector, such as "China Airlines Shenyang Aircraft, Aviation Power, Northern Navigation...", a number of weighted stocks, also continued to rise in volume, which also made the "domestic military industry" industry sector index catch up with the increase of a number of related industry sectors of the "big infrastructure" main line in a few minutes.

At 9:49, the net inflow of main funds in the entire securities sector, banking sector, and insurance sector has reached a total of 3.2 billion.

At 9:50, "Xiangcai Securities" hit the daily limit. So far, in the securities sector, "Southwest Securities, Pacific Securities, Xiangcai Securities" have already hit the daily limit, and many component stocks such as "Huaxin Securities, Western Securities, Huatou Capital, Huashang Securities, Huatai Securities, and Huatong Securities" have also stood at a 2.5% increase at this moment, continuing to siphon the active capital groups in the market.

At 9:51, the "Huaguo Zhongjian" check hit the daily limit again, and the intraday transaction volume reached 2.2 billion.

At 9:52, the net outflow of main funds from low-level non-hot mainline sectors such as 'white appliances, liquor, coal, nonferrous metals, petrochemicals, etc.' abandoned by the main funds has reached a total of about 2 billion. This shows that as the market trading time goes by, the short-term fund groups that took over the stocks in these fields yesterday are still continuously reducing their positions and stopping losses under limited liquidity.

At 9:53, 'Qianzhou Moutai' fell 3%, showing an obvious downward trend.

At 9:54, 'Huaguo Petroleum' fell 2%, not only completely swallowing up yesterday's gains, but also swallowing up the cumulative gains of more than three trading days in one fell swoop.

At 9:55, 'Shanghai Sanmao' rushed up again in a violent shock, and at the same time, the 'Shanghai Free Trade Zone' concept sector showed a rapid and explosive upward trend.

At 9:56, the Shanghai Composite Index rose by 1.15% during the day, continuing to show a forced short-selling trend with large volume and continuous positive trend. At the same time, the strongest A50 Index rose by more than 2% during the day. At the same time, the trend of the main contract of the A50 Index futures, which is related to it, showed a large premium.

At 9:57, the gap between the Shanghai Composite Index and the Shenzhen Composite Index and the ChiNext Index reached more than 0.5%, which shows that the main market trend and the main areas where various active capital groups are mainly concentrated are still attacking a large number of large-cap stocks headed by the Shanghai Composite Index and the A50 Index.

At 9:58, ‘Oriental Fortune’ hit the daily limit.

At 9:59, ‘Oriental Fortune’ hit the daily limit, and the daily turnover was close to 3 billion, which can be said to be a large turnover. So far, the ‘Three Musketeers of Internet Trading Platforms’ that have attracted much attention from the market have all achieved the daily limit, all of which have set new historical highs. The market investor attention and discussion heat of its three stocks have also further soared.

At 10:00 a.m., the Shanghai Composite Index reached the 1.32% increase mark, and crossed the 3400, 3410, and 3420 mark without any hindrance, showing an extremely strong upward trend. At the same time, the trading volume of the two markets, and even the intraday trading volume, continued to increase.

At 10:01, the active capital flow in the market, as well as the main capital flow, continued to converge to the industry sectors and concept sectors related to the two core themes of "big finance" and "big infrastructure", and the number of stocks that hit the daily limit in the two markets, excluding the newly listed stocks and the stocks that hit the daily limit due to the favorable re-trading, has reached 32. Among these 32 stocks, the mid- and large-cap stocks with a market value of more than 20 billion accounted for almost half of the number, and there were also large-cap stocks with a market value of hundreds of billions, such as "Minsheng Bank", which hit the daily limit.

At 10:02, driven by the 18 consecutive daily limit increases of ‘Huake Shuguang’, the ‘new stocks’ sector was gaining momentum. In just a few minutes, the sector index rose by more than 1 point.

At 10:03, ‘Lanshi Heavy Equipment’ suddenly rose rapidly after opening low and gradually turning red, which was quite demonic.

At 10:04, affected by the trend of the "Blue Stone Heavy Equipment" monster stock, "Fushun Special Steel, Dachian Heavy Industry, Aerospace Development, China Airlines Heavy Machinery, Hongdu Aviation..." and other stocks that are expected to be highly correlated Concept stocks such as public nuclear power, military industry, and "sports industry development" headed by "Leiman Optoelectronics" have also attracted the attention of many short-term speculation funds, and the stock prices of corresponding stocks have strengthened.

At 10:05, the overflowing main capital group once again attacked stocks in the main "technological growth" fields such as 'domestic software', 'Internet applications', 'Internet software', and 'film and television media' that had slightly lagged behind in growth. Among them, 'LeTV Net, Netspeed Technology, Huaguo Software, Inspur Information, Huayi Brothers, Huace Film and Television...' and other stocks rose sharply. Among them, the check of 'Hengsheng Electronics', which has the concept of 'Internet Finance', rose rapidly during the day. Rushed to the 7% increase mark.

At 10:06, the transaction volume of the two cities reached the 300 billion mark.

At 10:07, the intraday trading volume of ‘Huaxin Securities’ has already touched the 5 billion mark. The trading volume can be described as extremely intense, and this check has firmly ranked first in the trading volume of the two cities.

At 10:08, Hua Investment Capital, the core leading stock in the securities sector, once again hit its daily limit with heavy volume. Within the sector, four component stocks reached their daily limit.

At the same time, the securities sector index rose by more than 3% during the day, still leading the gains of the two cities.

At 10:09, the insurance sector index and banking sector index surged further, reaching the 2% increase mark. The entire 'big finance' main line continued to strengthen, continuing to siphon off the active capital groups in the market, as well as all parties swarming to pursue and raise funds. The main financial group.

At 10:10, the intraday increase of ‘Commercial Bank’ reached the 5% mark.

At 10:11, the intraday increase in the 'Xinhua Insurance' check reached around 7%, just one step away from the daily limit, and the intraday transaction volume reached approximately 2.6 billion, setting a new high for the same time period.

At 10:12, ‘Hengsheng Electronics’ hit the daily limit.

At 10:13, 'Hengsheng Electronics' sealed its daily limit, and due to the daily limit of this check, the entire 'Internet Finance' sector index was strongly pushed up to an intraday increase of 3.87%, not only continuing to lead the rise of all conceptual themes in the two cities sector, and with an extremely steep upward trend, it has set a new historical high for this sector, surpassing the peak position last year when this sector was subject to large-scale and continuous speculation.

At 10:14, the Shanghai Stock Index continued to set a new intraday high, with the intraday increase expanding to about 1.5%.

At 10:15, the intraday increase of the A50 index reached 2.65% again, and the intraday increase of the main A50 index futures contract reached the 3% mark, with a premium close to 0.5%.

At 10:16, the number of non-linear stocks in the two cities reached their daily limit, reaching 52.

At 10:17, the transaction volume of the three main "big financial" weighted sectors of banking, insurance, and securities has exceeded the 100 billion mark, accounting for nearly one-third of the entire market transaction volume.

At 10:18, the overall market pattern of the two cities has basically completely formed a pattern with 'big finance', 'big infrastructure' and 'technological growth' as ​​the core breakthrough directions, and the remaining 'cycle', 'growth' and 'white horse' Blue-chip stocks are relatively lagging in terms of growth and trading activity.

“Damn it, this market trend is so strong that it’s completely unreasonable!”

At around 10:20 in the morning, in the main fund trading room of Yuhang and Yuhang Investment Company, Wang Can, as the trading team leader, carefully observed the changes in the market prices of the two cities. He was concerned that the Shanghai Stock Index continued to set new highs and continued to do so without any hindrance. The trend broke through the 3400 point, 3410 point, and 3420 point mark. I was full of shock. I couldn't help but sigh: "The more it deviates from the moving average, the more violent it rises. I feel that the trend of the entire market is completely unreasonable." ”

"Haha... Otherwise, how can we say it is a comprehensive bull market?" Next to Wang Can, fund trading manager Zhao Lijun, who is the main fund product of 'Yuhang No. 1', said with a smile, "Everyone thought that after the benefits of the 'Shanghai-Hong Kong Stock Connect' were implemented, the market would be short-lived. Adjustment, I didn’t expect it... A lot of funds must be empty now, right?”

"This short squeeze trend is indeed exaggerated." After hearing the conversation between the two, Zhu Tianyang from another trading group couldn't help but added, "Especially just yesterday after the favorable implementation of the 'Shanghai-Hong Kong Stock Connect', we abandoned the 'Big Financial 'The main line chips are trying to switch high and low, driving the low stagflation main line market such as 'big consumption, nonferrous metal cycle, petrochemical industry, coal, pharmaceutical business...' and many active fund groups on the market should be quite uncomfortable now."

"Yesterday, it was this part of the financial group that wasted money on the main line of 'Big Finance'. Today, it may be this part of the capital group that is grabbing chips from the main line of 'Big Finance'." Zhao Lijun said, "The pattern and understanding are not enough, and You deserve to have these funds harvested!”

"The main thing is... no one would have thought that after the benefits of the 'Shanghai-Hong Kong Stock Connect' came into effect, the news that the central bank was expected to cut interest rates and reduce reserve requirements in December would ferment so quickly." Zhu Tianyang responded, "Previously, the market regarded 'big finance' as the When the core main line was developing, in fact, relatively speaking, the two major weighted sectors of banking and insurance did not move much. There was no strong performance like the securities and Internet financial sectors that far exceeded the market index. But if you look at today's market... banks The two major heavyweight sectors, insurance and insurance, have begun to take the lead.

This shows that the main line of "big finance" is fermented by expectations of the central bank cutting interest rates and lowering reserve requirements.

The certainty of its market conditions has not weakened, but has increased.

If nothing unexpected happens, before the central bank’s expectations of interest rate cuts and reserve requirement ratio cuts in December are fully realized, the market evolution of the ‘big finance’ line should be even crazier than before. "

"Under such a trend, if 'big finance' attacks so fiercely, I am afraid that the Shanghai stock index can quickly rise to above 3,600 points. Maybe it will really reach the 4,000 point mark by the end of the year." Wang Can said extremely excitedly, " Hehe...the profits of several of our institution's main fund products may reach hundreds of billions this year."

Zhu Tianyang thought for a moment and said: "Seeing 4,000 points at the end of the year is still too optimistic. At present, the main upward driving force of the market is still the two core main lines of 'big finance' and 'big infrastructure'. The other core main lines, Obviously there is still little motivation.”

"Yes, the index seems to be a comprehensive bull market, but the specific main line market evolution is still a partial market." Zhao Lijun said, "We still need 'conceptual growth', 'white horse performance', and 'non-ferrous cycle'..." Stocks in these main areas must move. Otherwise, it will be very difficult to raise the Shanghai Stock Index to 4,000 points in the short term by relying solely on the two core lines of 'big finance' and 'big infrastructure'."

Zhu Tianyang thought for a while and continued: "When the transaction volume of the two cities, under the ultimate market profit-making effect, breaks through to a higher level, surpassing the main lines of 'big finance' and 'big infrastructure' to accept liquidity, large-scale Incremental capital groups should still overflow in large quantities into the main areas such as 'Conceptual Growth', 'White Horse Outstanding', 'Non-ferrous Cycle...'. By that time, the stocks of these main-line related sectors will definitely rise.

In general, as long as the valuation level of the entire market continues to rise along with the core main lines of 'big finance' and 'big infrastructure', as well as major indexes.

Then, the valuation levels of relevant stocks in these fields such as ‘Conceptual Growth’, ‘White Horse Performance’, ‘Non-ferrous Cycle…’ will catch up sooner or later.

After all, in the comprehensive bull market stage, there will be no valuation depressions that funds ignore.

As long as there are stocks with corresponding investment performance-price ratio, in the increasingly fierce bull market, chips will be scarce and will not be ignored by the large influx of incremental funds. "

"Can the news of the central bank cutting interest rates and reserve requirements come true?" Wang Can muttered for a while and asked.

Zhao Lijun chuckled and responded: "Since everyone is spreading the rumor, there must be some basis for it, right?"

"Actually, no matter whether this news comes true or not, it will not affect the violent rise of the core line of 'big finance' at the end of the year." At this time, Liu Yuan, who had remained silent, suddenly said, "Master doesn't often Is it true that stock prices are based on expectations rather than the eventual fulfillment of expectations? As far as current market expectations are concerned, the core line of 'big finance' has basically fully exerted the expected effect, right? Supported by strong future expectations, it is difficult not to continue to rise.”