Chapter 745: The Overall Decline of the Main Line of ‘Big Finance’!

At 9:48, the core weight stocks in the field of "big consumption" such as Moutai, Wuliangye, Gree Electric, Midea Electric, Haier Electric, Shanghai Automobile Group, Great Wall Motors, etc., once again rose against the trend, and the main capital group in the market further gathered in the field of "big consumption".

At 9:49, the two major industry sector indexes of automobile complete vehicles and food and beverages rose by more than 1%.

At 9:50, the decline of securities and Internet finance sectors once again widened, and the intraday decline of the leading stock "Tonghuashun" widened to 3%.

At 9:51, the stock of "Chengfei Integration" suddenly hit the limit down.

At 9:52, the stock price of "Chengfei Integration" fell to the limit down, and the decline of the "National Defense Military Industry" industry sector index also widened again, and the strong attitude at the opening was no longer there.

At 9:53, the decline of the Shanghai Composite Index widened to 1%.

At 9:54, "LeTV" quickly rose and fell, and the stock price returned to the flat position.

At 9:55, the ‘pharmaceutical’ sector continued to move abnormally, and the stock of ‘Hengrui Medicine’ rose by more than 2% during the day, continuing to rise against the trend.

At 9:56, the hot leaders in the two cities all made up for the decline. The intraday decline of ‘Lanshi Heavy Equipment’ was not narrowed by the daily limit of ‘Huake Shuguang’, but further expanded to around 5%.

At 9:57, the intraday decline of the A50 index expanded to 1.5%. The hot weighted stocks and industry leading stocks in the two cities adjusted under the influence of the continued decline of the main line-related industry sectors and concept sectors of ‘big finance’ and ‘big infrastructure’, and no longer had the previous strong state.

At 9:58, the check of ‘Huaxin Securities’, in almost half an hour of trading time, the intraday turnover reached 3.7 billion, which was once again expanded compared with the same period of the previous few transactions, and the intraday decline, at this time, has reached a range of nearly 2%, continuing to rank first in the turnover rankings of the two cities.

At 9:59, ‘Shanghai Sanmao’, the early leader of ‘Shanghai Free Trade Zone’, suddenly rose after adjusting for two or three consecutive trading days, saving the day.

At 10 o’clock in the morning, the stock price of ‘Shanghai Sanmao’ rose by 5%, and at the same time, the main line of the concept theme of ‘Shanghai Free Trade Zone’ followed suit.

At 10:01, the decline of the main line sector index of the concept theme of ‘Shanghai Free Trade Zone’ narrowed.

At 10:02, affected by the straight-line rise of ‘Shanghai Sanmao’, in the field of ‘Shanghai Free Trade Zone’, a number of popular component stocks, ‘Shibei Hi-Tech, Shanghai Construction, Pudong Jinqiao, Waigaoqiao, Shanghai-Hong Kong Group...’, followed suit and rose.

At 10:03, ‘Shanghai Sanmao’ closed the daily limit with a lightning speed.

At 10:04, the decline of the main sector index of the concept theme of "Shanghai Free Trade Zone" narrowed to less than 1%. At the same time, a number of related industry sectors and concept sectors in the field of "big infrastructure" also moved, and the decline narrowed one after another, while there was no obvious change in the main field of "big finance".

At 10:05, the turnover of the two markets once again reached 350 billion, and the transaction was extremely active.

At 10:06, the Shanghai Composite Index retreated below 3460 points, and it was getting farther and farther away from the 3500 point mark. At the same time, due to the large number of investors inside and outside the market, especially the short-term investors who have made a lot of profits in a short period of time, and the large number of retail investors who have just been untied, seeing that the Shanghai Composite Index has no hope of breaking through 3500 points within the day, and the overall market trend is still in a weak and continuous shock decline, it is even more difficult to suppress the impulse to sell for profit, and they have concentrated on placing orders to reduce positions and stop profits.

At 10:07, under the concentrated suppression of profit-taking and unwinding, the main line of "big finance", especially the securities and Internet finance sectors, where profit-taking and short-term unwinding were most seriously accumulated, continued to fall further, and the decline of the securities sector expanded to 1.75%.

At 10:08, the intraday decline of "Founder Securities" instantly expanded to 4%, completely swallowing up yesterday's intraday high gains, and its stock price has seriously lagged behind the market and sector index in the past half month, and concentrated selling orders on the market continued.

At 10:09, the intraday decline of "Oriental Fortune" also expanded to 4%.

At 10:10, the net outflow of main funds in the entire securities sector reached 1.789 billion, and this is the first time that the securities sector has seen such a large net outflow of main funds since the Shanghai Composite Index broke through 3,000 points.

At 10:11, the two major industry sectors of banking and insurance, although they were relatively resilient compared to the securities sector, were also driven down by the securities sector, and the intraday declines exceeded 1%.

At 10:12, the intraday declines of the two stocks of ‘Huaguo CNR and Huaguo CNR’ also expanded further, reaching 2%.

At 10:13, ‘Huaxin Cement’ rose rapidly, but did not drive the entire ‘cement’ sector.

At 10:14, ‘Huaguo Zhongye’ also rose rapidly, but the entire ‘building materials’ and ‘building decoration’ sectors did not show any obvious changes.

At 10:15, the rapidly rising ‘Huaxin Cement’ failed to drive the entire sector, and without sufficient incremental buying funds to follow suit, the stock price of the short-lived high could not help but fall again.

At 10:16, the Shanghai Composite Index fell by 1.2%.

At 10:17, the three major weighted sectors of banking, insurance and securities all showed a trend of net outflow of main funds, and the total net outflow of main funds has reached 3 billion. After the continuous surge in the entire ‘big finance’ main line for 7 consecutive transactions, it was once again sold off by a large number of capital groups.

At 10:18, the active capital groups in the market further converged on ‘consumption and medicine’.

At 10:19, ‘Fushun Special Steel’ hit the daily limit, and the old monster stocks in the early stage still moved frequently.

At 10:20, in the field of ‘Internet Finance’ sector, ‘Shanghai Steel Union’ began to occupy a position and rise sharply, while stocks such as ‘Tonghuashun, Great Wisdom, Oriental Fortune, Jinzheng Shares, Hengsheng Electronics, Yinjie Technology, Changliang Technology…’ continued to retreat and fall.

At 10:21, the stock price of ‘Shanghai Steel Union’ hit the daily limit.

At 10:22, ‘Shanghai Steel Union’ successfully hit the daily limit, but the overall driving effect on the ‘Internet Finance’ sector was relatively limited.

At 10:23, ‘Beijiang Jiaojian’ also began to move abnormally.

At 10:24, the active capital groups in the entire market, in the continuous shock and pullback adjustment trend of the ‘big finance’ and ‘big infrastructure’ main lines, began to flock to the old leading stocks with high recognition in the two markets in the early stage, as well as the old monster stocks that were hyped in the early stage, forming a trend of a large number of old monster stocks in the early stage.

At 10:25, ‘Shanghai Construction’ hit the daily limit, and the trend of old monster stocks continued to be performed.

At 10:26, the increase of ‘Qianzhou Moutai’ expanded to 3% within the day. Under the concentrated selling of profit-taking and unwinding in the market, many self-proclaimed smart capital groups, worried about the recurrence of the plunge on Monday last week, flocked to the defensive ‘consumption’ and ‘medicine’ fields for risk aversion.

At 10:27, the ‘new stock’ sector index rose and returned to the 1% position.

At 10:28, low-priced old stocks and "new stocks" once again went hand in hand, and the market pattern of the two markets changed to a situation where "consumption and medicine" led the way, and low-priced old stocks and new stocks performed together.

Overall, although the market is in a situation of continuous shock and decline.

And it is getting farther and farther away from the 3500-point mark, and there is no hope of breaking through within the day, but the local market profit effect still exists.

At 10:29, the intraday decline of "Tonghuashun" reached 5%, and the trend of drastic adjustment reappeared.

At 10:30, the decline of the "Securities" sector index widened to 2%, and within one hour of opening, the net outflow of the main funds of this previous heavyweight leading sector has reached a terrifying level of 2 billion, which has shocked many investors who pay attention to this sector and hold chips in this sector.

At 10:31, the Shanghai Composite Index fell below 3460 points and continued to decline.

At 10:32, the intraday decline of the A50 index reached 2%, but the decline of the main contract of the A50 index futures at this time was only 1.73%. In addition, although there were many active short orders on the main contract of the index futures, they could not fully suppress the active long orders, causing the trend of the index futures to deviate from the actual index trend to a certain extent.

At 10:33, the number of stocks in the red market in the two cities further declined to more than 800.

At 10:34, the trading volume of the two cities had reached more than 400 billion. The entire market was still in a state of large volume during the decline and retracement.

"Boss, just as I told you, the two markets have entered a correction state."

At 10:35, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan stared at the fierce trading in the two markets and continued with a smile: "The main lines of 'big finance' and 'big infrastructure' have been adjusted comprehensively, and the Shanghai Composite Index has obviously temporarily lost its upward momentum."

Xu Xiang, who was next to Zhou Kan, also stared at the market and responded with a smile: "Very good, the 'big finance' line has risen sharply for 7 consecutive trading days. In the absence of favorable support from heavy news that exceeds market expectations, especially when the external market trend also has the shadow of continuous downward adjustment, if you just attack strongly, it will waste the bulls' strength and show signs of a spent force.

Now the entire main line market is actively shrinking and consolidating the chips downward.

It will obviously be more beneficial to re-clear the huge amount of profit-taking and unwinding in these 7 trading days. For the subsequent market breakthrough.

As for the line of "big infrastructure"...

In fact, the situation faced by this line is better than that of the line of "big finance".

After all, the line of "big infrastructure", to be honest, has been in a sideways adjustment trend since the launch of the core line of "big finance". Now, compared with the line of "big finance", the adjustment time and space are more sufficient.

If the two major macroeconomic strategic plans of "New Era Road, Maritime Silk Road" and "Reform and Restructuring of Central Enterprises and State-owned Enterprises" have not changed, and the good news from the news side is still continuous, the top leaders really want to fully promote these two strategic plans, then the line of "big infrastructure" will definitely be able to break out a sustained market.

In general, at this position.

It is a good thing for the index to actively adjust, consolidate chips, and precipitate funds. The adjustment of the market will also be a benign adjustment under the bull market pattern. "

"I have the same idea as the boss." Zhou Kan smiled, "The overall market investment risk preference is still positive, and the bull market structure and investor recognition are still continuing to rise. Under this form, "consumption and medicine" as the defensive main line areas obviously cannot support the active breakthrough trend of the market. Naturally, it also shows that these two main lines, in the current market situation, only rebound, no sustained market. Those who chase these two major sectors today will be trapped again after the adjustment of the "big finance" main line is completed."

"I don't know about medicine, but there should still be a reversal expectation for "consumption." Xu Xiang emphasized, "The "big consumption" field still has certain investment value and investment logic under the current situation. It is really space elasticity, which should be far less than the two core main lines of "big finance" and "big infrastructure."

"There are many "old monster stocks" that are moving against the trend today." After a pause, Zhou Kan said again , "I wonder if this speculation logic line will work?"

Xu Xiang pondered for a moment and said: "This logic line can only be short-term speculation, there is no sustainability, short-term intervention is OK, but it is not necessary in the medium and long term.

Be patient, no matter the market index rises or falls.

Obviously, the securities and Internet finance sectors in the main line of 'big finance', and the two major concept theme main lines of 'New Era Road, Maritime Silk Road' and 'Reform and Restructuring of Central Enterprises and State-owned Enterprises' in the main line of 'big infrastructure' are the real arteries and nerves of the market.

As long as we grasp these arteries and nerves and wait patiently, as long as the expected pattern of the 'bull market' continues to ferment, the market's investment risk preference is still in a positive state, and the market's liquidity, transaction volume, and margin balance are still soaring, then it is not difficult to outperform the market and the market index."

"Okay!" Zhou Kan nodded and stopped talking.

Then, he turned his attention to the two markets that were trading fiercely.

While the two were talking, at the same time…

In a private villa somewhere in Yuhang, Zhang Jianping, who had added another 100 million chips to the stock of ‘Oriental Fortune’ yesterday, was sipping tea and staring at the market conditions of the two markets on the computer screen. He watched the intraday stock price of ‘Oriental Fortune’ fall to around 4.5% again, and looked at the chips in his newly added positions. In less than half a day, he had already lost nearly 5 million, and his expression did not change at all.

“This round, it is a bit of a mistake to increase the position of ‘Oriental Fortune’ by a large margin, right?” Seeing his friend Zhang Jianping’s calm expression, Liu Changsong, the main speculator of the ‘Beiyuan Avenue’ seat sitting opposite Zhang Jianping, smiled and said, “The ‘Big Finance’ line has a bit of a news vacuum recently, and coupled with the short-term deviation from the technical side, it is afraid that it will be difficult to continue to move up. The ‘Oriental Fortune’ check is also afraid that it will fall back to a considerable depth.”