Chapter 732 Market Investment Risk Appetite Continues to Rise!
At 1:44, the price of ‘Hengsheng Electronics’, which had just hit the daily limit, fell, and the stock price returned to around 8%.
At 1:45, the Shanghai Composite Index lost the 3450-point mark.
At 1:46, after hitting the daily limit, the two stocks ‘China North Vehicle and China South Vehicle’ failed to close the daily limit in one breath. The stock price encountered extreme selling pressure on the daily limit, and showed an obvious diving trend, and also quickly fell back to around 8%.
At 1:47, the securities sector index, which led the rise, fell back to below 5%.
At 1:48, the banking and insurance sector indexes, as well as a series of industry sector indexes related to the main line of ‘big infrastructure’, such as commercial real estate development, public transportation, non-public transportation, building decoration, building materials, steel, machinery and equipment, etc., also followed suit and fell.
At 1:49, the intraday turnover of Huaxin Securities has expanded to about 11 billion. Its stock price has also shown a significant downward trend under the huge and increasing turnover. The selling pressure on the market has increased, suppressing the active buying, and putting significant pressure on the stock price.
At 1:50, the "new stocks" sector further strengthened, and the active capital groups in the market showed signs of concentrated speculation from large-cap stocks with heavy weights to small-cap concept stocks, especially near-end new stocks. At this moment, the check of "Lanshi Heavy Equipment" has shown a straight-line upward trend, and the stock price has once again risen to a 6% increase, with a trend of hitting the daily limit against the trend.
At 1:51, the low-level main line sectors such as "big consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical business...", which originally showed a significant downward trend in today's trading, and the stocks with serious outflows of major funds have now shown a certain degree of recovery.
At 1:52, the SME Index continued to rise despite the obvious decline of the Shanghai Index and the A50 Index, and was out of the influence of the blood-drawing of the corresponding weighted stocks of the Shanghai Index and the A50 Index.
At 1:53, the two stocks of ‘China South Locomotive and Rolling Stock Corporation and China Northern Locomotive and Rolling Stock Corporation’ that had exploded tried to close the limit again under the continuous attack of the main buying orders of 10,000 hands.
At 1:54, the stock prices of ‘China South Locomotive and Rolling Stock Corporation and China Northern Locomotive and Rolling Stock Corporation’ once again hit the daily limit.
At 1:55, after one minute of fierce trading, the two stocks were unable to continue to close the daily limit, and the stock prices fell again.
At 1:56, the index growth rates of the main concept themes of the Shanghai Free Trade Zone, the Central SOE Reform and Restructuring, and the New Era Road and the Maritime Silk Road have all fallen back to the 2% mark. Among them, the index trend of the Shanghai Free Trade Zone sector has shown a clear decline. The hot stocks within the sector, such as the Shanghai Sanmao, which had hit four consecutive boards some time ago, have already fallen rapidly and fallen below the 1% increase.
At 1:57, the stock price of Bluestone Heavy Equipment surged to 8%. The trend of the entire market, concept growth stocks, and small-cap concept stocks, all showed a clear warming trend in the decline of the two core main lines of weighted stocks and hot stocks of "big finance" and "big infrastructure".
At 1:58, the SME Index rose against the trend, and the intraday increase exceeded the 1.3% increase position in one fell swoop.
At 1:59, the Shanghai Composite Index fell back to around 1.8%.
At 2 p.m., the A50 index, which was the only one in the two markets that could maintain a growth rate of more than 2.5%, also fell back to within 2.5% at this time. Among them, the intraday growth rate of the main contract of the A50 index futures also fell close to the 2.5% growth mark, and the premium between the index and index futures also narrowed significantly.
At 2:01 p.m., the intraday growth rate of the securities sector index had already slipped to 3.92%. Among them, three stocks of Huatou Capital, Xiangcai Securities, and Huaxin Securities were broken, and the intraday growth rate of ‘Western Securities’ fell back to around 3.5%. In just over ten minutes, the decline exceeded 3%.
At 2:02 p.m., the stocks of ‘Pingjiang Bank and Ping An Bank’ in the two banking sectors also opened the daily limit, and the stock prices fell one after another.
At 2:03, a large number of weighted stocks in the banking sector, including Industrial Bank, Minshang Bank, Pudong Development Bank, Huashang Bank, Huajian Bank, Huanong Bank, Bank of Communications, etc., fell back, and in the entire sector, only one stock, ‘Minsheng Bank’, could still maintain the trend of the daily limit.
At 2:04, ‘New China Life Insurance’, a super-weighted large-cap stock with a market value of 100 billion yuan in the insurance sector, also followed suit and exploded, and the stock price fell back to around 8.5%. So far... In the main line of ‘big finance’, the number of stocks that exploded reached ten in just over ten minutes.
At 2:05, the increase in the banking sector index fell out of the top five in the industry sector increase list of the two cities. At the same time, the increase in the ‘film and television media’ sector squeezed into the top five.
At 2:06, in the decline of the main line of ‘big finance’ and ‘big infrastructure’, the number of industry sectors and concept sectors in the two cities that were in the red increased instead.
At 2:07, amidst the violent market fluctuations, more than 1,500 stocks in the two markets remained in the green.
At 2:08, the gap between the Shanghai Composite Index and the Shenzhen Composite Index and the ChiNext Index further narrowed. At the same time, the growth rate of the "new stocks" sector once again squeezed into the top three of the concept sector growth list of the two markets. In the entire "new stocks" sector, except for the unlisted new stocks, the number of stocks with daily limit increases in the near-term new stocks once again exceeded ten.
At 2:09, the stock price of ‘Blue Stone Heavy Equipment’ hit the daily limit.
At 2:10, ‘Blue Stone Heavy Equipment’ sealed the daily limit. The monster stocks will not die, and the big monster will not stop.
At 2:11, a number of stocks such as Ciwen Media, Huace Film and Television, Yue Media, Huawen Media, Hua Qingbao, Yuanji Technology, Quantong Education... showed signs of abnormal movements and higher prices.
At 2:12, the Shanghai Stock Index's growth rate further dropped to around 1.65%. At the same time, the growth rate of the ChiNext Index surged to around 1.55%. The scissors difference in the growth rates of the two major indexes was basically smoothed out.
At 2:13, after the daily trading volume of "Huaxin Securities" exceeded 12.5 billion, the time-sharing capacity began to decline, and the stock price began to trade sideways.
At 2:14, the gains in the indexes of the "big financial" weighted industry sectors such as securities, banking, and insurance no longer continued to fall. The time-sharing volume decreased simultaneously, and the change of hands also began to shrink.
At 2:15, the two checks of ‘Hua Investment Capital’ and ‘Huaxin Securities’ that blew up the market began to try to close the daily limit.
At 2:16, ‘Huaxin Securities’ closed the daily limit.
At 2:17, the securities sector index briefly returned to the 4% intraday increase mark.
At 2:18, while the three "Three Musketeers" of the Internet securities trading platform "Great Wisdom, Flush, and Oriental Fortune" still maintained their daily limit, the violently fluctuating "Hengsheng Electronics" check began to fall sharply. Raise your head again and attack.
At 2:19, 'Pingjiang Bank' blocked the board and closed the game.
At 2:20, ‘Pingjiang Bank’ successfully closed the daily limit.
At 2:21, the trading volume of the two cities has exceeded the 700 billion mark. At the same time, the number of daily limit stocks in the two cities that are not on the one-line board has not decreased compared with before, but has increased a lot, reaching 76. If Counting newly listed stocks and stocks that are favorable for resumption of trading, there are already more than 90 daily limit stocks in the two cities.
At 2:22, the Shanghai Stock Index returned to the day's 1.80% increase, and at the same time, it once again stood at 3430 points.
At 2:23, the number of stocks in the two cities exceeding the daily limit exceeded 100. The entire market had a huge profit-making effect, and signs of the daily limit of 100 stocks reappeared.
At 2:24, the main contract of A50 index futures returned to the 3% increase mark during the day.
At 2:25, after the main line weight stocks of "Big Finance" and "Big Infrastructure" digested some of the selling funds, and with the follow-up of the new main buying capital group, the stock prices began to slowly rise again.
At 2:26, the entire market returned to a volatile upward pattern.
"It's the 100-stock daily limit again. The recent market trend is really awesome!"
Seeing that the growth scissors of the core market indexes of the small and medium-sized market index, GEM index, Shanghai stock index, and A50 index have narrowed, at the same time, after a round of diving, the market began to gradually recover from the intraday decline and continue to hit new highs. At this moment , in the main hot money group of Yuhang where Su Yu is located.
Many big investors in hot money stared at such a hot market trend and expressed emotion.
"In the past three years, there shouldn't have been many trading days with the daily limit of 100 stocks in the market, right? As a result... basically all of them were concentrated in November."
"In the past three years, there have been less than 20 trading days in which the market's 100-stock stock price limit has reached the daily limit, but 7 of them all occurred during this month, and 15 of them all occurred in the market in the second half of this year. The rest This is all caused by the extremely favorable market conditions.”
"Is this a bull market? It's so bullish!"
“The influx of incremental funds is like crazy, mindlessly rushing to raise funds.”
"Mainly, the entire market has formed a clear sense of market hierarchy. The two core main lines of 'big finance' and 'big infrastructure' are showing signs of decline, and active funds from all walks of life are rapidly moving towards 'technological growth' and 'conceptual growth' , 'mobile Internet', 'big consumption', 'sub-new stocks' and other fields poured in, quickly rotating the market, and then when the two main lines of 'big finance' and 'big infrastructure', the selling power of the two main lines declined slightly. The main financial groups from all walks of life have concentrated on the main areas of 'big finance' and 'big infrastructure' to follow up and continue to push up the core main lines of the market. "
"Yes, with such an obvious market hierarchy, the entire market has no room for continuous downward adjustment in a short period of time, in the extreme emotional interpretation of long positions."
"The key is that under the continued hot market profit-making effect, there are more and more active financial groups on the market."
“It’s not just that, even if the capital groups temporarily exit the main line fields of ‘big finance’ and ‘big infrastructure’ to take profits, their current thoughts are not to leave the market, but to take over other branch lines and main line market stocks, and continue to game and go long in the market. ”
"More and more abundant active capital flows continue to flow into the market. Do you think... can the stock price not rise?"
"More and more funds are pouring into the market, and the issuance speed of new shares will definitely not be able to keep up with the continuous increase in the amount of funds. This will cause the stock chips on the market to become increasingly scarce and increasingly scarce. It’s getting more and more precious.”
"I originally thought that the core stocks in the low-level main line fields such as 'big consumption, non-ferrous metal cycle, petrochemical industry, coal, pharmaceutical business...' that had a lot of money yesterday have continued to trade in the two core main lines of 'big finance' and 'big infrastructure' today. Under the capital siphoning effect of upward breakthroughs, a sharp decline should be inevitable. But now... it is not necessarily the case. There are too many incremental funds pouring into the market, and they have completely supported the trend of core stocks in these fields. "
"With extremely abundant market liquidity, even weak sectors will not lack capital attention, so there will naturally be no obvious sharp decline."
"Hehe, the current weak sectors can only be said to be weak relative to the index's growth, right? In fact... holding stocks in these weak sectors is likely to make money."
"Basically, there are about 1,500 stocks rising every day. Now as long as you buy stocks and hold them, it is not difficult to make money. The main issue is how much you can make and whether you can keep up with the growth of the market index."
"With such an overall market situation, even a fool can make money, right?"
"It should be that even a blind person can make money with a high probability. You can make money by buying blindly with your eyes closed, but whether you can keep up with the market is not certain."
" Haha... That's it! "
"The market has been suppressed for many years. Once it breaks out, it is really unstoppable."
"Once the important pressure point of 3,000 points is broken, the bull market market structure is recognized by more and more investor groups, and the upward trend can't be stopped at all."
"If this continues, it won't take many trading days to see the scale of trillions of transactions in the two markets, right?"
"Today's trading volume in the two markets should explode to around 850 billion. According to this rate of increase in volume, it may be possible to see trillions of transactions in the two markets in early December."
"There is also the financing balance. Recently, the financing balance of the two markets has basically been increasing wildly at a rate of 6 billion to 8 billion per day."
"There is also the incremental capital group brought by the 'Shanghai-Hong Kong Stock Connect'. ”
“Isn’t there news that the central bank will cut interest rates and reserve requirements? If this good news can be implemented, the capital situation of the entire market will undergo a huge change. By then... the incremental capital group brought by the interest rate cut and reserve requirement cut will probably be another trillion level, right?”
“From this point of view, the subsequent incremental capital group is really endless.”
“The fire of the main bull market has been completely burned. As long as investors’ investment confidence continues to be high and vigorous, let alone the abundant macro capital conditions, even if the capital situation is not abundant, under the extreme money-making effect of the market, everyone has to create conditions if they don’t have them.”
“Indeed, under the extreme money-making effect, no one can resist the temptation of such huge profits.”
“It’s time for a surge. The whole A-share market is full of opportunities. The overall market valuation is the most underestimated in the global market, and it should be repaired. "
"The first to be repaired is undoubtedly the securities sector and the entire "big finance" main line field."
"In the last bull market, the leader was the "big finance" main line. I remember that the major banks "Hua Shang Bank, Hua Jian Bank, Hua Nong Bank, and Hua Guo Bank" had just been listed. With not many circulating shares, their valuations were directly hyped up to 20 times PE."
"Haha, if these weighted financial stocks can really reach the valuation of the last bull market, there is at least 4 or 5 times of room!"
"That's right, the current valuation level of the four major banks is only 5 or 6 times PE!"
"The basic situation of the banking industry is completely different from the last bull market, right? I think it is still unrealistic for the current bank stocks to rise to the valuation level of the last bull market. If we talk about the average level of 20 times PE, the current securities sector definitely has a chance. ”
“Yes, in fact, after careful analysis, the fundamentals of the securities sector in this round are somewhat similar to those of the banking sector in the previous bull market.”
“If the focus of securities is 20 times PE, then there is not much room!”
“Why not much room? Performance will grow. The performance growth of the securities sector this year... Under such an explosive market turnover, compared with last year's low base, the average performance growth rate must be 5 or 6 times, right? In addition, the market's previous serious underestimation of securities sector stocks has led to these stocks being basically below 10 times PE. On the whole, compared with the skyrocketing performance and the improvement in valuation, these securities stocks should have a 5 or 6 times increase at the beginning, and these stocks... How much has it increased? There must be huge room for growth in the future. ”
“Fuck, after such a calculation, it is true. This is called a double blow of valuation and performance, right? ”
“In the entire market, the capital group is concentrated on attacking the securities sector. There must be a clear logic. With hundreds of billions of funds traded every day, everyone is not a fool. If the expectations of the securities sector were not so strong, it would be impossible to get out of the extremely strong upward trend with serious technical deviations and blunting without a correction. ”
“In fact, securities are not the strongest in the current market. The trend of the "Internet Finance" sector is really exaggerated. ”
“There is no way. The "Internet Finance" sector is basically some small-cap stocks, and the elasticity is indeed greater. In addition, this entire sector is superimposed with the expectations and valuations of the "mobile Internet" explosion. Its valuation method and valuation level cannot be generalized with the securities sector. ”
“It is mainly the several major weighted stocks in the "Internet Finance" sector. The expected performance elasticity is also higher than that of traditional securities stocks. This has led to stocks such as "Tonghuashun, Great Wisdom, and Oriental Fortune" soaring more than doubled in a row, and they can't stop at all. ”
“Indeed, the trend is too explosive…”
“At the beginning of this month, investors who bought the two stocks ‘Flush and Great Wisdom’ were simply not happy.”
"There are actually a lot of similar stocks in the two cities. I feel that the trend of the 'sub-new stocks' sector is also explosive. Sub-new stocks with 10 daily limit and 15 daily limit are appearing in batches. The expected number of new stocks is estimated The value is also being driven higher and higher by the market.”
“All these signs indicate that the market’s investment risk appetite is still rising rapidly!”
"It would be better if the investment risk appetite of the majority of investors increases, and we can continue to aggressively speculate, haha... It's really cool to have hit several daily limits recently."
"Indeed, the higher the market investment risk appetite, the easier it will be for us to make money, and the easier it will be to speculate on individual stocks."
"Anyway, now is the best time to take on a short-term investment with just a little spark of good news."
"Haha, raise money and continue to increase your position. I didn't catch up with the last bull market, but I finally caught up this time."
"It's really time to show off your skills..."
With the rapid refresh of news in the group, and the excited discussions among many large hot money investors in the group.
The market trading time has quickly entered after 2:50, ushering in the last ten minutes before the closing.
I saw intense trading in the market.
The market situation at this moment is obviously much improved compared to half an hour ago.
Regardless of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, ChiNext Index, small and medium-sized index, A50 Index and other related market core indexes, they are all maintained above the 1.80% increase mark. Among them, the A50 Index has returned to the 2.50% increase mark. Near the high point of the market.
As for the performance of the core main line areas of the market.
The industry sectors and concept sectors related to the two core main lines of 'big finance' and 'big infrastructure', as well as their respective core weight stocks and industry leading stocks, still maintain the trend of the two cities leading the gains, but compared with other core main line components The siphoning effect of buying funds and the seesaw effect of stocks, as well as various 'tech growth' and 'small cap concept' mainline stocks, are no longer so serious.
Although the main line market prices in the two cities still maintain a clear sense of hierarchy.
However, the gap between strong and weak forms, and the gap between increases, has been greatly narrowed, and there is a trace of a general increase. (End of chapter)