Chapter 771 Differentiated Call Auction!

Other popular stocks.

‘Tonghuashun’ initially opened 4.32% higher; ‘Lanshi Heavy Equipment’ initially opened 5.29% higher; ‘Huagong International’ initially opened 2.27% higher; ‘Western Securities’ initially opened 1.73% higher; ‘Eastern Fortune’ initially opened 0.98% higher; ‘Shanghai Steel Union’ initially opened 3.49% higher; ‘Jinzheng Shares’ initially opened 1.96% higher…

As for the check ‘Chengfei Integration’, which is also among the top 20 stocks in terms of investor attention and discussion in the two cities.

It became the only hot stock that opened significantly lower among the top 20 stocks in terms of investor attention and discussion in the two cities, except for the check ‘Huake Shuguang’. Its market opened 4.76% lower at the initial stage of the call auction.

"The overall low opening pattern!"

Seeing the call auction pattern trend of the two markets, at 9:17, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan, who carefully observed the changes in the two markets, sighed: "It seems that the trend of the external market has broken, and the impact on the domestic market is still not small."

Next to Zhou Kan, Xu Xiang, who was also staring at the initial call auction trend of the two markets, responded with a smile: "The trend of the external market will definitely affect the trend of the domestic market, but as long as the trends of the three core main lines of "big finance", "big infrastructure" and "military industry" are not a problem, then the market should not have too extreme adjustments, at most... it will only affect a low opening."

"Boss, are you still optimistic that the Shanghai Index will continue to rise, and will quickly re-attack the 3500 point mark?" Zhou Kan asked.

Xu Xiang responded: "It is impossible to predict the specific direction of the Shanghai Stock Index, but it can be seen from the changes in the long volume in the market and the direction of the main capital group's continuous increase in positions and follow-up... The core themes of 'big finance', 'big infrastructure', and 'military industry' are still absorbing the long funds pouring in from inside and outside the market. Since the long funds in each of the main lines are still increasing their positions and continuing to take over the rush to buy, it is difficult for the industry sectors, concept sectors, and popular weighted stocks related to these main lines to continue to fall."

"But it is difficult to support the entire market by relying solely on these core themes, right?" Zhou Kan said, "Looking at the market pattern, 'big 'Consumption', 'Mobile Internet', 'Smartphone Industry Chain', 'New Stocks'... These popular main lines that have previously produced certain money-making effects have shown a certain decline, and the loss of money-making effects in these main line areas will definitely affect the investment sentiment of a number of core main lines such as 'Big Finance', 'Big Infrastructure', and 'Military Industry', as well as the changes in the long and short positions, right? "

Xu Xian glanced at Zhou Kan, smiled, and continued to reply: "Looking at the market... That's true, but if we look at the outside of the market, it's completely different. "

"Looking at the outside of the market?" Zhou Kan paused, and was slightly stunned in his heart, not quite understanding.

Xu Xiang nodded slightly and continued: "Yes, the market trend of the external market affects the short-term sentiment of the market within a day or a few trading days.

If the market at this time is a stock game market.

Then, this change in sentiment will definitely bring about a drastic adjustment of the market.

But now... the market's 'bull market' logic has begun to fully penetrate the hearts of a large number of investors inside and outside the market. In other words, under the strong logic of the 'bull market' and the continuous money-making effect of the entire market, the current market is already a relatively large incremental market.

Since it is an incremental The market, the off-site capital groups, are constantly pouring into the market.

Then, this short-term emotional fluctuation.

It can only affect the switching of some main directions of the market, but cannot cause the market to continue to adjust drastically.

After all, the liquidity of the market, the level of active capital groups that can take over the chips, has been in a continuous rising stage.

This gives the market the power to keep moving forward.

In other words, the short-term trend of the market still has to succumb to the long-term trend of the market.

The influence of the external market is the short-term trend, and the basic logic of the "bull market" is the long-term trend. As long as there is no problem with the long-term trend, and the basic logic of the "bull market" continues to be recognized by the majority of investors in and outside the market, the short-term trend must be subordinate to the long-term trend.

The current long-term trend is continuously upward.

At this time, even if the short-term trend is expected to be downward, it will only cause a short-term retracement and fluctuation of the index. In the end, the index will still quickly recover the retracement fluctuations and continue to hit new highs under the continuous entry of incremental capital groups and the continuous increase in positions and scramble of countless capital groups.

So... we don't have to worry too much.

Pay close attention to Just pay attention to the underlying logic of the 'bull market'. As long as there is no problem with the underlying logic, we will firmly hold our positions, let the profits continue to run, and hold the core mainline chips in our hands until the end of time. "

"But isn't the 'underlying logic' of the bull market the recovery of the macro economy?" Zhou Kan said, "Looking at the many macro data released by the external market last night, the global economic recovery is very likely not as optimistic as the institutional groups in the market had expected before, and this is also the fundamental reason why the US stock market has fallen for four consecutive days.

If the global economic recovery shows a trend that is obviously lower than expected.

So, can our domestic macroeconomic recovery be immune to the impact? Can our A-shares be immune to the impact and grow independently? "

With the gradual opening of domestic financial policies.

Nowadays, the domestic financial market and the domestic economy are no longer a so-called "paradise". Instead, they are increasingly closely related to the global economic trend and are increasingly affected by the global economy. Therefore... Zhou Kan does not have the same firm confidence as Xu Xiang in this regard.

Xu Xiang pondered for a moment and continued with a smile: "my country's macroeconomics was the least damaged and affected in the "financial crisis". Now, the role played by my country's economy in the global economy is becoming more and more important. It can be said that... my country is already the core engine of the global economy.

According to the macroeconomic data released by my country in the first half of the year and even in the third quarter.

There are also a series of strategic policies for revitalizing the economy proposed by the top leaders, such as the proposal of "New Era Road, Maritime Silk Road", further loosening of policies related to "commercial real estate development" and "property market", and deepening reform policy lines such as "reform and restructuring of central enterprises and state-owned enterprises", as well as support plans for emerging industries under the outbreak of mobile Internet, because the widespread use of mobile Internet and smart phones has created a vast market demand...

All of these indicate that the macroeconomic trend in my country is clearly improving.

It is indeed recovering continuously.

Not to mention the predictions of many institutions in the current market.

Next, the central bank is likely to continue to relax monetary liquidity and increase the liquidity of the entire market through corresponding monetary policies and market operations.

Regardless of the expectations for global economic recovery.

At least in our country, the basic logic of the "bull market" is still relatively stable.

There are also a number of stocks in our A-share market, leading stocks in various industries, and a number of high-growth stocks in the emerging industry.

After the brutal destruction of the bear market in the previous six years, its valuation was originally relatively low.

Especially the leading stocks in the market and the leading stocks in the industry are quite undervalued compared with the corresponding stock valuations in the world.

Strong "bull market" logic.

In addition, the relatively undervalued stock valuations compared with the global market.

There is also a high probability of a shift in macro-monetary policy, continued loosening of regulatory rules, a comprehensive reversal of overall market investment confidence and a comprehensive improvement in investment risk preference.

At this point in the market, at this point in the Shanghai Composite Index.

I really can't find a reason to continue to be bearish!

In my opinion, even if the US stock market takes a possible extreme adjustment trend, the A-share market is capable and motivated to take an independent lead and bull market. "

After listening to Xu Xiang's detailed market analysis, Zhou Kan pondered for a moment and said: "Since the boss is so determined and confident, then we... might as well take another look to see whether the core themes of "big finance", "big infrastructure" and "military industry" can really be stabilized, and whether the Shanghai Composite Index can continue to strengthen independently after opening low like yesterday, and take a beautiful counterattack. "

After saying that, he turned his eyes to the fierce trading of the two markets again.

After a brief conversation between the two, as well as the analysis of the market situation and the interpretation of the current market situation.

At this time, the trading time of the two markets has entered 9:20, and entered the real call auction stage where orders cannot be withdrawn.

And when the time officially passed 9:20.

After a large number of false orders, a large number of orders were withdrawn in the last one or two minutes before 9:20.

The market situation of the two markets presented was slightly warmer and better than at the beginning of the call auction at 9:15 and 9:16.

I saw a number of core themes such as "big finance", "big infrastructure", and "military industry".

As well as its related industry sectors and concept sectors, at this moment, they still showed a trend of leading the two markets. Among them, the securities sector opened 0.93% higher, and the Internet finance sector opened 0.93% higher. The stock opened 1.17% higher, and the rest of the banks and insurance opened about 0.5% higher. The construction decoration, building materials, commercial real estate development, machinery and equipment, non-public transportation, public transportation, steel, national defense and military industry, etc., all maintained a red market and opened higher, with an increase of 0.2% to 0.6%.

As for the top 20 hot stocks that investors in the market pay attention to.

For example, the check of "Huake Shuguang" has already opened the limit down board, and the stock price is slowly rising from the limit down board.

And "Tonghuashun" still maintains a high opening range of more than 5%, and "Lanshi Heavy Equipment" also maintains a high opening premium, and the high opening range is still fluctuating upward.

"The index is differentiated, but the main line of the market is further converging towards several core lines such as "big finance", "big infrastructure", and "military industry". "At 9:21, after seeing the real call auction pattern presented by the two markets, Yu Hang, in the main fund trading room inside Jingda Investment Company, Lin Tingzong, the fund manager, stared at the two markets and said, "This market pattern should be a market trend of intraday fluctuations."

As Lin Tingzong was speaking, the general manager of the company, Gu Chijiang, who was standing behind Lin Tingzong, nodded slightly and said: "Don't be afraid of shocks. As long as there is no extreme trend like November 10, there is nothing to worry about. Looking at the changes in the call auction trends of the two cities and the call auction performance of a number of popular stocks, the investment sentiment and investment confidence of the entire market are still not bad. As long as the opening wave is stabilized, I feel that there is still hope for a red market to go high in the future."

"It's not difficult to go high in the red market." Lin Tingzong said, "But it should still be unlikely to break through 3,500 points."

Gu Chijiang laughed and said, "Take it slow. You can't eat a big fat man in one bite. According to what you said before, the slower the index moves and the more solid the chip structure, the higher the height space that may be reached in the future. As long as the logical expectations of the core main lines of "big finance", "big infrastructure" and "military industry" are still there, I think... we don't have to worry too much, but looking at this, "big consumption" "The main lines of 'consumption', 'mobile Internet', and 'smartphone industry chain' have seen a continuous outflow of main funds, and it seems that they are about to enter a continuous shock adjustment phase. "

Lin Tingzong said: "Originally, the current expected logic of the core lines of 'big consumption', 'mobile Internet', and 'smartphone industry chain' has certain defects, and the internal chip institutions are not fully concentrated. When the expected heavy benefits of the core lines of 'big finance', 'big infrastructure', and 'military industry' have not been fully implemented, and their related core stocks still have strong investment cost-effectiveness, the market's 'high-low switching' logic line does not have much chance. "

"Well!" Lin Tingzong nodded and said, "Fortunately, we resisted the urge to reduce positions and stop profits in the past two days, and did not rashly do the market's 'high-low switching', otherwise... we would be blind at this moment. "

Since the Shanghai Composite Index broke through 3,000 points and entered the bull market atmosphere.

Under Lin Tingzong's operation, the performance of the company's two main fund products has been rising steadily, sweeping away the investment shadow of the first half of the year.

This made Gu Chijiang very happy.

And he was ready to hand over the entire company's asset management business to Lin Tingzong next year, and he would be mainly responsible for the company's operations.

After all, after one or two years of actual operation.

He finally realized that his insights on market investment and trading, as well as his ability to grasp market investment opportunities, were still far inferior to his opponent's.

Just as Gu Chijiang was full of joy and thinking about the subsequent development of the company.

The trading time of the two markets, at this time, it had come to 9:25, and the call auction of the two markets ended.

After ten minutes of call auction time, the Shanghai Stock Exchange finally settled at a decline of 0.23%, showing a trend of a slight low opening.

The Shenzhen Index and the ChiNext Index opened 0.43% and 0.59% lower, respectively.

Among them, the more differentiated SME Index and A50 Index, one opened 0.75% lower, and the other opened 0.41% higher, and the amplitude scissors gap between them widened to more than 1%. (End of this chapter)