Chapter 846 The Market Turnover Continues to Surge!

The market just started to jump.

The Shanghai Index, Shenzhen Index, and ChiNext Index rose rapidly under the fully brewing bullish sentiment.

In just one minute, the Shanghai Index and A50 Index returned to above the 1% increase mark. At the same time, the Shenzhen Index and ChiNext Index also rebounded to 0.8% increase.

At 1:02, in just one minute, "Huaxin Securities" exploded with a volume of nearly 500 million, and the intraday transaction volume reached 17 billion.

At 1:03, "Lanshi Heavy Equipment" opened the limit down board, and the stock price rebounded.

At 1:04, the stock price of "Huake Shuguang" also rebounded from the position of 7 points to the position of 5 points.

At 1:05, the "new stocks" sector rose again, and the near-term new stocks rose rapidly.

At 1:06, the "defense and military industry" sector rebounded, and the nuclear power, military industry, domestic aircraft carriers, large aircraft, and Beidou navigation concepts that are closely related to it also showed a clear recovery trend.

At 1:07, the intraday increase of "Huaxin Securities" rebounded to 4.5%, and the intraday transaction volume was enlarged to 17.6 billion.

At 1:08, the stock prices of the three Internet financial musketeers "Dazhihui, Tonghuashun, and Dongfang Fortune" rebounded.

At 1:09, the check of "Yingkou Port" also turned red from underwater and rose, with a significant rebound.

At 1:10, the intraday increase of "Huaxin Securities" returned to the 5% mark, and the intraday transaction volume expanded to the 18 billion mark.

At 1:11, the stock price increase of "Huaguo Construction" also returned to 3%.

At 1:12, the two stocks of ‘Shanghai Steel Union’ and ‘Huake Jincai’ almost simultaneously pulled up and warmed up, and continued to lead the concept stocks of the entire Internet financial sector.

At 1:13, the stock price of ‘Huaxin Securities’ hit the daily limit again.

At 1:14, ‘Xiangcai Securities’ also showed signs of returning to the daily limit.

At 1:15, in the main line of ‘big finance’, the net outflow of the combined main funds gradually declined in the buying and selling trend.

At 1:16, in the recovery of core main lines such as ‘big finance’, ‘big infrastructure’, and ‘military industry’, the net inflow of main funds in the main line areas such as ‘big consumption’, ‘non-ferrous cycle’, ‘petrochemical’, ‘mobile Internet’, and ‘smartphone industry chain’ began to weaken again.

Although these relatively less popular main lines follow the trend of several popular main lines.

It is not a seesaw.

However, there is an obvious seesaw effect in the inflow and outflow of main funds.

The market has changed so much now, which is enough to show that in fact, many main funds have great differences in the logic of the overall "high-low switching".

Some main funds choose to withdraw from the main lines of "big infrastructure" and "big finance".

But at the same time, there are also quite a lot of funds that flow from the main lines of "big consumption", "non-ferrous cycle", "medicine", "mobile Internet", "smartphone industry chain" and other main lines to the more powerful core main lines of "big finance", "big infrastructure", "military industry", "film and television media".

At 1:17, "Shanghai Sanmao" returned to the daily limit, strongly turning the huge market differences to consensus.

Subsequently, driven by the return of Shanghai Sanmao.

The entire "Shanghai Free Trade Zone" concept stocks, as well as a number of follow-up stocks with strong business relevance and strong trend correlation with "Shanghai Sanmao", also strengthened rapidly, and a short-term pull-up situation appeared one after another.

At 1:18, the core concept theme of "reform and restructuring of central enterprises and state-owned enterprises" also fully recovered, and the corresponding component stocks strengthened.

At 1:19, the Shanghai Composite Index returned to the intraday increase of 1.2%.

At 1:20, the intraday increase of the A50 Index also returned to more than 1.5%. The intraday increase of the two core weighted industry sectors of banking and insurance, as well as the securities sector index, all returned to the increase of 2%.

Subsequently, the combined main funds of the two cities began to gradually change from net outflow to net inflow.

Later, just when everyone thought that the market had completely recovered and today's market would still close with a big positive line.

But I didn't expect...

After 1:30, the huge amount of concentrated selling began to fully suppress the market's downward shock.

At 1:35, the weighted industry sectors in the three "big finance" main lines of securities, banks, and insurance, the combined net outflow of main funds began to accelerate.

At this time, when the stock price of "Huaxin Securities" fell back to below 4% increase.

The intraday trading volume exceeded 20 billion.

At 1:36, after struggling for almost half an hour, ‘Lanshi Heavy Equipment’ once again hit the limit down.

At 1:37, the intraday decline of ‘Hua Ke Shu Guang’ also fell again, and this time the decline was even faster, with the sign of following the limit down of ‘Lanshi Heavy Equipment’.

At 1:38, the stock price of ‘Huagong International’, a core hot stock in the main field of ‘big infrastructure’, fell back to the flat position again, and the concentrated selling force on its market was still increasing with the times, and the successive large sell orders of 10,000 hands continued to suppress the stock price.

At 1:39, the check of ‘Huaguo Zhongye’ fell below the flat price and showed a downward trend.

At 1:40, the two checks of ‘Huaguo Nanche’ and ‘Huaguo Beiche’ fell synchronously, and the stock price turned from red to green.

At 1:41, "Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Construction, Huaguo China Railway, Huaguo Construction..." and many other "Hua" infrastructure stocks all fell sharply.

At this time, the daily trading volume of the two cities has exceeded the 800 billion mark.

At 1:42, a sharp selling trend appeared on the market of 'Flush'. Great Wisdom and Oriental Fortune were affected by this, and their stock prices also followed the trend and fell.

At 1:43, the "Shanghai Sanmao", which once closed the daily limit, exploded again, forming a bad market trend.

At 1:44, the stock prices of the three leading stocks in the securities sector, Huaxin Securities, Xiangcai Securities, and Western Securities, all fell rapidly in an instant, and thousands of hands continued to appear on the market. The main sellers are big orders, and the active selling orders are endless.

At 1:45, the intraday trading volume of ‘Huaxin Securities’ was still expanding rapidly.

At 1:46, the stock price trends of 'Hua Ke Financial' and 'Shanghai Steel Union' once again followed the trend and fell back to around the 5% increase position.

At 1:47, the Shanghai Stock Index rose within the day and once again fell below the 1% increase mark.

At 1:48, the increase in the A50 index once again fell back to the intraday low.

At 1:49, ‘Huake Shuguang’ dropped to the limit, and so far... In the entire sub-new stock sector, the two sub-new high-priced leaders have all dropped to the limit.

At 1:50, the intraday trading volume of ‘Huaxin Securities’ exceeded 23 billion.

Seeing that the two cities once again formed a trend of high volume and falling in the afternoon intraday trend, at this moment, inside the Shenzhen Xinniu Fund Company, in the main fund trading room, Mou Zhengxing, the trading fund manager of the 'Xinniu No. 2' fund product, carefully Looking at the changes in the two markets, he finally had to accept the judgment of the company's asset management business manager Fang Xinsheng and said: "Mr. Fang, looking at the current market situation, it should be difficult to reverse today, right?"

Fang Xinsheng responded with a smile: "The volume of transactions in the two cities has exploded to such an extent that it cannot even make up the market. It means that the market is at this position and it is basically difficult to make an upward breakthrough."

"Yeah!" Mou Zhengxing nodded and continued, "Today's turnover of the 'Huaxin Securities' check seems to be breaking through the 30 billion mark. It's really scary. In my memory, it seems that in the past history of the two cities , No single stock can achieve this kind of trading volume within a day, right?”

Fang Xinsheng replied: "Today's intraday transaction volume of the 'Huaxin Securities' check is indeed terrifying. It should exceed all the expectations of the investor group who are paying attention to this stock."

"Such a large amount... I don't know who is throwing it." Mou Zhengxing sighed with emotion.

Although Fang Xinsheng had previously predicted that the central bank's interest rate cuts and reserve requirement ratio cuts, which everyone had fully expected, would be a major benefit, and there was a high probability that when they came to fruition, it would cause the market to lose all the benefits and turn them into negative trends. However, whether it is Fang Xinsheng or he None of them expected that the market would release such a level of volume after the good news came to fruition.

Of course, no matter how the current volume can change.

Both of them agree at this moment that the market cannot go up here and continuous adjustments are inevitable.

Therefore, judging from the previous forecast direction, it is a very correct trading strategy to reduce the position of the main fund products they manage to low levels in advance.

Fang Xinsheng thought for a moment and said: "There are a lot of funds sold today, but the main thing... should be the short- and medium-term profit orders and unwinding orders accumulated in the early stage, as well as those who have the advantage of information channels and lurk in the 'big finance' in advance." There is a large number of latent orders coming from the core main line, and of course... there is also a core main force that everyone is more concerned about, which is also likely to be sold rapidly today. "

Mou Zhengxing thought for a while and said, "Mr. Fang mentioned that the 'Yuhang Department' is the core main source of funds, right?"

Fang Xinsheng nodded and said: "Yes, this core main force of funds is likely to be selling chips crazily today."

"How can we see that the core main funds of the 'Yu Hang Group' are also selling off on a large scale?" Mou Zhengxing asked with some confusion, "Just looking at the two core main lines of 'big finance' and 'big infrastructure' is crazy Can the explosive trading volume be achieved?”

Fang Xinsheng smiled and said: "It's not just that. Look at what the market has summarized. The 'Yu Hang Group', the main force of funds, is likely to have heavy positions in stocks, such as the core weights of securities stocks, core banks, and insurance weights in the securities sector. There are stocks, as well as "China-headed" weighted infrastructure stocks with high liquidity in the main line of "big infrastructure", as well as corresponding holding stocks in the Internet finance field, film and television media field, and smartphone industry chain field. Take a look at these stocks. Is there a huge increase in volume today, and the trend of stock prices fluctuating and falling under pressure is obviously more dramatic than other stock prices.”

Mou Zhengxing observed carefully for a while and found that this was indeed the case. He couldn't help but said: "It seems that Mr. Su of the 'Yuhang Department', after making huge profits, couldn't help but see the news of the central bank's interest rate cut and RRR cut. Profit has been cut, but it is understandable. Not to mention that it is now the end of the year. The main financial group of the 'Yu Hang Group' has a need for net worth settlement. Just say that in the past two months, they have After making such a huge profit, we should cut the profit and harvest it.”

"This should be just one of the reasons why this main force of funds is reducing its positions and taking profits." Fang Xinsheng said, "I think what really causes this main force of funds to reduce its positions and take profits is that this main force of funds feels that the next market adjustment will be in space. In terms of time, it won’t be short.

After all, this is a major fund product with a scale of hundreds of billions.

Whether it is reducing a position or building a position, it is very difficult.

Generally speaking, if the market is undergoing a relatively benign adjustment, there is not much room and time for adjustment, and the underlying investment logic of the market is relatively stable, such main funds will not easily lighten their positions and give up their chips. "

"The time and space for adjustment will not be short?" Mou Zhengxing thought for a moment and asked, "So, the bull market logic of the market needs to be verified and tested again?"

Fang Xinsheng nodded and said: "That's for sure. The previous rise has continued, the accumulated profit orders and unwinding of arbitrage are not continuously cleaned, and the chip structure is not further readjusted. If we keep moving forward with a heavy load, even if the market volume can explode, If it reaches more than 1.5 trillion, it may be difficult to drive the market to continue to rise.

Therefore, we need to make a deep adjustment and reorganize the chip structure.

For the current market, it is still necessary.

Moreover, I feel that if there is the inducement and guidance of the main funds of the 'Yu Hang Group', the chip structure should be adjusted more firmly during this wave of continuous adjustments in the market, and the height of the future bull market should be even higher. right. "

"In general, the future must be optimistic, right?" Mou Zhengxing continued.

Fang Xinsheng nodded slightly and said: "It is definitely optimistic. The market has generally formed expectations for a bull market. As long as the Shanghai Stock Index does not break below 3,000 points during subsequent adjustments, everyone's expectations for a bull market will always exist. According to the entire market Based on the current valuation level and the cost factor analysis of profit-taking, even if the market adjusts violently and falls sharply, there is basically no possibility of falling below 3,000 points again. "

When Mou Zhengxing heard what Fang Xinsheng said, he smiled and said, "That's good."

"However, although the space is likely to be determined, the time is not likely to be short." Fang Xinsheng continued, "This is also what I advocate for our company's fund products. We should try to reduce positions and stop profits at the current position, and then wait for the market The reason for retracement and getting back the corresponding chips.”

"Well, Mr. Fang is still awesome." Mou Zhengxing praised from the bottom of his heart.

Then, when he turned his attention back to the two markets...

I saw that at this time, the market trading time had already entered 2 o'clock in the afternoon.

When the time entered 2 o'clock in the afternoon and entered the last hour of late trading, the long and short trading on the two markets began to become more intense. (End of chapter)