On this day, few people made money, with 100 million shareholders, and the per capita loss exceeded 10,000 yuan.

After the market, words such as "hundreds of stocks hit the limit", "an unprecedented plunge", and "trillion-dollar wealth in the two markets evaporated" appeared in media reports, completely pouring a pot of cold water on the hot and crazy market.

With the negative support of stamp duty adjustments.

The adjustment at the end of the second phase of the bull market exceeded everyone's expectations.

Words such as "turn off the lights and eat noodles" and "bull market explosion" appeared on a large scale in online stock forums and offline stock investors' exchanges on a large scale.

Of course, there are endless curses about the regulators.

This time the negative news made people dizzy, but after the huge losses, everyone still had firm confidence in the future. The new off-market investors who wanted to open an account to trade did not give up the idea of ​​entering the market.

The bull market is still there in the hearts of the majority of stock investors!

The night of losing money was turned off and eating noodles was overwhelmed and feared. The next day, the stock market opened as usual.

Affected by yesterday's plunge, the market opened low today and the bidding ended, reaching 4163.59 points, a drop of about 1.5%. The Shenzhen Index opened with a drop of 1.9%, and the SME Index opened more than 3%, and the tragic situation remained.

After the opening, the index made a fierce drop, and the lowest price was around 4100 points before it stabilized.

Then, a strong rebound occurred.

Huaguo Aluminum Company first launched a rebound attack, and its stock price quickly rose from around 6 points of decline. Then... After a brief pullback, it began a second wave of attacks, reaching 7% at 10:40, the stock price returned to 20 yuan, and its market value returned to 100 billion, leading the two markets.

Following Huaguo Aluminum.

Stocks such as Yunnan-Guizhou Copper Industry, Wuhan Iron and Steel Co., Ltd., Bayi Steel, etc., which have both performance explosion attributes and expected equity restructuring, began to strengthen significantly, and the decline was recovered across the board.

"Why are Xiao Su, state-owned enterprises and central enterprises' equity restructuring related stocks so strong?" Lin Feng asked, "I am not afraid of the impact of the plunge. Huaguo Aluminum has basically almost wiped out all the declines from yesterday to today."

Su Yue smiled and said, "Isn't it okay if someone helps us carry the sedan chair?"

"I just can't figure out why these bottom-buying funds caught this main line and attacked desperately." Lin Feng said.

Su Yue replied with a smile: "Because after the concept stock collapsed, there is only this main line among the two markets, which has both value investment and concept speculation, and can best attract funds to follow the trend. Of course... there is another point, that is, our holdings impact."

"We?" Lin Feng was surprised and a little puzzled.

Su Yue said: "The holdings of 325 Fund are semi-public. Some people must see our every move. By analyzing our holdings, they know which stocks in the market are the core lines. In the early stage, many people, even if they follow the trend, may have seriously insufficient positions. This sharp drop may give them the opportunity to follow up."

"These people have a large amount of funds in their hands, which is enough to stir up the situation."

"Of course, their actions may have some hard task regulations, but these... we are not insiders of the State-owned Assets Fund, and we don't know."

Lin Feng was silent after hearing this, and thought for a while before he understood.

A flash of inspiration in his mind, and suddenly, he thought of something and said anxiously: "Xiao Su, so... After yesterday's plunge, the market released risks. After cleaning up the profit and panic on a large scale, there will be no risk of continuing to fall sharply in the future. Can we return to the upward trend?"

Su Yue shook his head and said, "It's not that easy. Yesterday, liquidity was exhausted, and there were not many profits worth hundreds of billions of dollars in the end."

"Look at today, the rebound of the SME Board is extremely weak, and nearly 100 concept stocks are still hitting the limit."

"In addition to the severe shrinkage of the two markets today, the risks and profit chips have not been released, I guess... I will have to fall a lot before the cleaning will be completed."

Lin Feng was a little amazed, and Luo Yunfeng said in surprise: "There is still a terrifying plunge like yesterday?"

Su Yue nodded: "There is a high probability that there will be, otherwise you can only exchange time for space and slowly grind it. However... Time for space, under the current market structure, it can only destroy emotions and fighting spirit, which is not a good thing. Therefore, the market's plunge and wash-up is, on the other hand, the correct way to move the market."

The two of them were a little confused about this, but they didn't believe it either.

Su Yue's judgment on the market trend has made them stunned again and again, so although they have not figured out the reason in their hearts, they still believe it.

"Then we still hold on to the stocks like this?" Lin Feng paused for a while and asked.

Su Yue nodded and smiled and said, "The strong will always be strong, the weak will always be weak. After the market returns to the normal main line, the individual stocks in our hands will quickly recover the decline."

"Our funds are too large and have a turnaround and are not easy to turn around. We cannot come and go as freely as small funds."

"So, some fluctuations and retracements must be borne, and some profits must be abandoned."

"This is the fundamental difference between large funds and small funds. The larger the amount of funds, the more difficult the performance will be. This is the same reason."

Lin Feng and Luo Yunfeng deeply agree with these views.

After taking over the 325 fund, especially when the scale of funds jumped from 5 billion to 8 billion, Lin Feng felt more and more difficult to build and release positions.

Moreover, we are increasingly unable to focus on short-term and ultra-short-term fluctuations.

In fact, he is not bad. For example, Changling State-owned Assets Fund, led by Yang Liguo, has exceeded the 20 billion hurdle. That is, it is a luxury to want to sell and adjust positions in a short time.

He knew that with the subsequent funds, the scale of funds further grew.

I'm afraid it will be difficult to accommodate all the A-share secondary markets.

At that time... he didn't know what investment route Su Yue would choose, whether he would choose to participate in equity transactions and targeted share issuances of listed companies like many big funds, or to turn his focus to the primary market.

While meditating, time has come to 11:30.

After the trading time in the morning, the two markets were in a shrinking rebound after opening low and falling. In terms of sectors, only the cycle took the lead. In terms of concepts, the equity restructuring of state-owned enterprises and central enterprises was the only one.

After the opening at 1 o'clock in the afternoon, the two markets continued to rebound.

Finally, at the close of the market, the early selling rate was retracted, showing a shrinking red cross k-line.

Of course, the SME Board continued its decline without strong rebounds in the absence of state-owned enterprises and central enterprise equity restructuring stocks, and continued to be weaker than the Shanghai Composite Index and Shenzhen Composite Index, closing down, with a drop of nearly 3%.

Among them, Langsha Co., Ltd. hit the daily limit for two consecutive times, with only a few million in one day, and its stock price fell back to less than 100 yuan.

Ningxiao Steel Structure also hit the limit for two consecutive days, and its trading volume was worse than Langsha Co., Ltd., and there was basically no funds to take over.

*st forward, *st Jintai, *st Leanlight and other popular shell stocks in the early stage of Feitian continued to hit the limitless limit, and the entire st sector is still in a situation of limit down.

In the two markets, more than 80 stocks hit the daily limit, basically all of which were distributed among the SME Board.

Emotion has improved compared to yesterday. Many investors have even begun to calm down their mindsets, re-study the hot spots and investment main lines of the market, and are preparing to increase their positions.

The team of business department accounts opened has not decreased, and the bull market is still rippling in everyone's heart.

In the evening, major financial and securities media began to exaggerate the concept stocks of the SME Board, and once again advised people to stay away from the three-no junk stocks, embrace "core assets", and invest in the arms of blue chips and white horses.

After a plunge, investors calmed down.

Many people have seen the next stage of investment opportunities through the wind direction, while some people still scold the regulators and are helplessly locked in the limit down.

ps: Continue to ask for some monthly tickets, double monthly tickets are the last day!
Chapter completed!