Chapter 301 The signal released leads to a change in style
Chapter 301 The signal released leads to changes in style
Author: Ru Meng Ru Hua
Chapter 301 The signal released leads to changes in style
PS: This chapter is 5K, today is 8K, my body has recovered a bit, I will make up for it slowly.
The end of the Spring Festival holiday means all kinds of farewells; children have to leave their parents, husbands have to leave their wives; migrant workers have to start their journey away from their homeland again.
As one of the first batch of people to arrive at work, Junshi Capital's attendance rate was as high as 90% on February 25, the seventh day of the first lunar month, which is quite low.
In order to allow everyone to arrive at work on time, the administrative department has designed a door-opening red envelope method. Those who arrive on time will receive a door-opening red envelope of 1,000 yuan in addition to reimbursement of fares.
Except for those who really had something to do at home and couldn't leave, everyone arrived at work on time.
Just like in previous years, on the first trading day on the seventh day of the first lunar month, retail investors are still immersed in the New Year celebrations, and most industries have not yet officially started work; the trading volume of the Shanghai and Shenzhen stock markets was sluggish, and the three major indexes did not fluctuate much throughout the day.
Gu Junhao, who went to work today, also did not pay much attention to the transaction itself. His main focus was on the performance of the external market during the holidays and some policy news.
This morning, Gu Junhao noticed that the Financial Times, which had been put down by the central bank, published two articles yesterday and today. The article pointed out that monetary policy should maintain moderately abundant liquidity.
In the next stage, in order to deal with the possibility of deflation, the central bank will make timely and appropriate adjustments to traditional monetary tools such as the statutory reserve ratio and benchmark interest rates to maintain appropriate liquidity.
As a financial media under the direct control of the central bank, this statement was also interpreted by the market as an early warning for later interest rate cuts and reserve requirement ratio cuts, raising expectations that monetary policy will continue to be loose in the future.
The rise and fall of stock prices is directly related to the amount of currency circulating in the market. No matter what kind of future speculation or speculation there is, what is needed is the driving ability of funds.
Regarding the possibility that the central bank will continue to maintain large-scale monetary easing policies and temporarily control the European debt crisis, loose liquidity will undoubtedly be a major benefit to the stock market, especially the blue-chip sector.
In terms of external markets, the Dow continued to hit new highs, while the S&P and Nasdaq fell slightly. The overall performance was relatively stable, and the impact on A-shares was relatively small.
The February PMI index released today was also better than market expectations, hitting a four-month high, and the manufacturing industry also improved slightly.
A series of factors, coupled with the stabilization of the financial sector; after the end of the second bottom, the market has entered a moderate recovery period, and the overall market is still in an upward trend.
The data and policies both reflect the management's care for the stock market. It can also be seen from this that the administrator really hopes to create a slow bull market like the U.S. stock market.
No matter how the Shanghai and Shenzhen stock markets perform on the first day after the holidays, they cannot change the upward trend of shocks. Until trading volume does not increase, the trends of the two markets will remain moderate.
The trading volume was sluggish, and retail investors were not active enough to participate. On the first day after the holiday, the Shanghai and Shenzhen stock markets both ended with small declines and closed negative. Tong Huashun also had sluggish trading today. The stock price opened low and moved low throughout the day, with the volume shrinking by as much as 7.76%.
On the last trading day before the holiday, Tonghuashun's amplitude once exceeded 12%, with its stock price rising to as high as 92.68 yuan and closing at 91.81 yuan in late trading. Today's sharp drop once again pulled the stock price back to 84.69 yuan.
With a stock price of nearly 100 yuan, the enthusiasm of retail investors is no longer high. Judging from Tong Huashun and some GEM stocks including Dongfang Fortune, they have been addicted to high bonuses and transfers in recent years and cannot extricate themselves.
Not surprisingly, Tonghuashun, whose stock price has been pushed up to around 100 yuan, will once again carry out high-price transfers like last year after the annual report is released, thereby driving down the stock price and promoting speculation again.
Judging from Tong Huashun's share conversion and dividend distribution times in previous years, they were basically concentrated in the period between the end of April and mid-May. If nothing unexpected happens this year, it should be during this time period.
"It seems that this round of speculation should continue until the end of April and the beginning of May. It is basically before the end of the bull market. After the share transfer, the stock price has just been lowered, so that retail investors can take over."
After such an analysis, Gu Junhao admires the main funds in these markets very much. The stock market crash will probably come around mid-June. Through the speculation of the stock transfer that may have been expected before, Tonghuashun's stock price still has nearly a month of shipment time. This
Basically, it keeps retail investors in the highest position.
As popular as high-send transfers have been in recent years, Tonghuashun's expectations for free transfers are also high. Dongfang Fortune, whose stock price is only over 40 yuan, has already announced a high-send transfer plan, and its expectations for Tonghuashun's free transfers are still very high.
As Tong Huashun's main fund on the market, he definitely doesn't know about the stock market crash in June, but he must be somewhat aware of the risks under the influence of such large-scale leverage funds. Can he escape before the stock market crash in June?
, this is also a high probability event.
In May and June, how crazy the A-share market is. I believe that investors who have experienced the stock market in 2015 know this. There is no problem with shipments. People are speculating on all kinds of junk stocks, not to mention Tong Huashun.
Plant stocks with expectations.
The sense of smell of big funds will always be much higher than that of ordinary investors, and from the holidays to today, the signals released by the central bank will surely be used by some big funds again.
The Shanghai and Shenzhen stock markets both fell today. In a sense, it can also be regarded as the opening of the previous round of washouts. Only during this washout process can the main funds collect more stocks through band-based operations.
More chips and lower costs.
Today is the 25th. Since there are only 28 days in February, plus the holidays, there are only fifteen trading days for real trading. After today's trading ends, February will end with only two trading days.
On Thursday, February 26, both Shanghai and Shenzhen stock markets opened lower, with the GEM opening lower at 1875.33 points. After the official start of trading, the performance of heavyweight sectors was still sluggish, and theme stocks were active.
After the opening of the North-South Locomotive, it fell rapidly. The performance of the Chinese prefixed sector was sluggish. The brokerage sector, which had rebounded well recently, experienced adjustments in the two trading days before and after the Spring Festival and remained in a low-level shock mode this morning.
The ChiNext Index opened lower and then surged upward quickly. At 10 o'clock, the increase once exceeded 0.7%. The stock index reached near the 1891 point and once again launched an impact towards the 1900 point.
At the same time, Zhongguo South Railway, which has not yet changed its name, once fell by more than 6%. During the same period, the decline of CNR also reached the same figure; as the recent weathervane of Chinese-prefixed cars, CNR affects the trend of the entire Chinese-prefixed car.
In the past few trading days, when China North and South Railway Company fell, stocks with the Chinese prefix would follow the trend without thinking. However, today, other stocks with the Chinese prefix, such as Zhongguo Communications Construction, Zhongguo First Heavy Industry, etc., no longer follow the trend of CNR.
"Huh? Other stocks with the prefix "中" are no longer following, and the brokerage firms haven't fallen anywhere. It seems that they have stopped the decline." Gu Junhao smiled and said to Wu Peng, Wu Peng had just reported the changes in the stocks with the prefix "中".
Although Zhongguo Communications Construction Co., Ltd. quickly fell by nearly 6%, it only fell slightly by less than 1%. The stock price still maintained at the closing price before the holiday of 12 yuan, with the lowest touching 12.05 yuan. At this time, the stock price remained at 12.10 yuan.
Oscillate left and right.
Today is also the first time that Gu Junhao appears in the trading room after celebrating the New Year. Not only the employees of the company, but also Gu Junhao himself did not enter the work state yesterday. As a man of two generations, Gu Junhao has not gone to work before the seventh day of the Lunar New Year.
of.
When I used to work at Deye Technology, factory-type companies usually went to work on the eighth day of the lunar month, or even after the tenth day of the lunar month; some employees in workshops that traveled far away did not even officially go to work until after the Lantern Festival.
Ordinary industrial workers, under the circumstances of high intensity of work, low wages and insufficient rest, can only look forward to a Chinese New Year holiday. This is also the reason why the new migrant workers would rather deliver food or run express delivery than enter the factory.
one.
"Yes, other stocks in the China-headed sector have stopped following, and the large financial sector has remained relatively stable. I feel that the weight has stopped falling." Wu Peng also followed Gu Junhao's words.
"However, incremental funds are still limited. With the weight rebounding, small and medium-sized enterprises may fall again." Cao Wenxun also reminded that today's trading volume is still small.
"Yes, there is such a risk. There are only a few days of trading after the New Year, and many people have not yet taken their annual leave. Most of them are funds on the market, and the probability of the weight rising at the same time as that of small and medium-sized enterprises is definitely not high.
"Gu Junhao also nodded and said.
With the two senior traders fully integrated into the team, the situation where Gu Junhao was mostly relied on to grasp intraday changes in the past has become less and less. Even if Gu Junhao appears in the trading room, it is much easier to keep track of the market.
At 10:15, Zhongguo Communications Construction, which had been continuously fluctuating around the price of 12.10 yuan, changed, and the trading volume began to gradually increase. At 10:19, the North-South train bottomed out and rebounded, and Zhongguo Communications Construction also surged rapidly at the same time.
"There has been a change. The medium-head heavyweight stocks are collectively rising, and the brokerage sector is also doing well, pulling up the yellow moving average." Gu Junhao said to the crowd.
By the way, Gu Junhao took a look at the trend of the Small and Medium-sized Enterprise Market Index and the Growth Enterprise Market Index. Not surprisingly, the price began to drop at the moment when the heavyweight stocks changed direction, and the Shanghai and Shenzhen stock markets once again entered a strange market.
Five minutes later, Zhongguo Communications Construction took the lead in turning red, with its stock price at 12.42 yuan, up 0.73%. CSR's decline also fell back to within 2%, still the fastest-growing stock; for short-term large funds, they still
I still prefer stocks with higher expected certainty, such as CNR.
At 10:30, North-South Railway rose again, Zhongguo Communications Construction rose close to 2%, and Zhongguo First Heavy Industry also rose more than 1% during the same period. The brokerage sector maintained a narrow range of fluctuations near the flat point, and the Shanghai Composite Index fell again.
narrowed to within 0.5%.
The ChiNext Index has plunged from above 1891 points to around 1879 points; at 10:50, the brokerage sector turned red, and the Shanghai Composite Index successfully turned red, while the ChiNext Index's diving continued, and the stock index fell to the flat point.
Location nearby.
In less than an hour, the Shanghai and Shenzhen stock markets, which had no significant increase in funds, began to switch styles during the day due to changes in the game of funds on the market.
The heavyweight stocks headed by the Chinese prefix rebounded brilliantly. Among them, Zhongguo Communications Construction performed exceptionally well. By 11 o'clock, the share price of Zhongguo Communications Construction exceeded 13 yuan and was quoted at 12.12 yuan. The stock price surged 6.41%. The limelight suddenly surpassed that of North and South China.
Divine car.
At 11 o'clock, the brokerage sector that had successfully become popular began to exert its strength. Xibe Securities, which was at the forefront of the market in terms of gains a year ago, once again became the vanguard of the rebound, and the stock price rose rapidly. At 11:15, Xibe Securities rose by more than 4
%, the stock price was reported at 35.18 yuan.
The stock price of Zhongguo Communications Construction, which performed well, hit the daily limit at 11:15. After 10 minutes of shock, at 11:25, the trading volume of 266 million yuan once again pushed the stock price of Zhongguo Communications Construction to the daily limit.
At the same time, a large amount of order-closing funds came out, successfully targeting the stock price above the daily limit. At midday closing, Zhongguo Communications Construction's stock price was 13.56 yuan, up 9.98%, and the trading volume in the morning exceeded 1.2 billion yuan.
Xibe Securities, which was driven up by unusual moves, closed at 36.80 yuan at noon, with its share price rising 9%. In the last few minutes before the market closed in the morning, Xibe Securities also briefly touched the daily limit, performing amazingly.
During this period, small and medium-sized enterprises continued to dive as their styles switched. The GEM index fell by 10.6% at noon, and the intraday dive was close to 2%; Tong Huashun plunged by more than 4% during this period, and the stock price closed at 84.09 yuan.
It fell 4.83% again after yesterday.
For Yinzhijie, which had two consecutive daily limits a year ago, after setting the highest price of 99.90 yuan yesterday, it began to dive sharply throughout the day; today's midday closing also dropped 5.38% again, with the stock price falling to 83.40 yuan.
With such a high stock price, it is no surprise that Yinzhijie will also implement a high bonus and transfer plan like Dongfang Fortune. These three GEM constituent stocks all implemented a high bonus and transfer plan last year, and I believe this year will be no exception.
Regarding the high transfer rates in recent years, it can be said that major listed companies have behaved unscrupulously, and the market hype has been too crazy, which has also led to the situation that this concept was once close to being banned by the regulatory level.
However, for some high-quality stocks, when the share capital is still not very high after the transfer, there is still some room for filling in rights. As for how to distinguish this, it varies from person to person.
When the market is not going well, you can keep an eye on some companies with excellent performance and transfer shares, and after they hit a new low, you can also slowly rebound and make certain profits in the process of filling the rights.
In afternoon trading, the market direction continued to rebound. Zhongguo Communications Construction briefly opened the market in the afternoon trading, but the price limit was still closed throughout the day. The market closure was relatively strong.
The stock price of Xibu Securities has been fluctuating at a high level of more than 8% in the afternoon. By 14:15 p.m., the stock price also successfully closed the daily limit at 37.14 yuan. The brokers that hit the daily limit today are basically concentrated among small brokers.
The current growth rate of large securities firms such as Huanghe Securities is maintained at around 5%. As for why it is small securities firms led by Xibe Securities; in Gu Junhao's view, it is still because of the lack of incremental over-the-counter funds.
Without a large amount of incremental funds, if you want to drive sector sentiment, you can only pull some stocks in the same sector that were highly popular in the early stage and have relatively small holdings.
The switch in style did not lead to the weakness of the GEM. In the afternoon trading, the GEM index dropped to the lowest point of 1847.73 points. After falling more than 1.5%, it began to rebound quickly. By 13:30, the GEM index had narrowed its decline.
to 0.66%.
Yin Zhijie and Tong Huashun, who had fallen sharply in the morning, also pulled up quickly at the same time, and Yin Zhijie even became popular for a time.
"It seems that in the short term, the funds on the market are not going to give up on small and medium-sized enterprises. Today's drop is more likely to be the effect of shaking the position." Gu Junhao said with a smile.
Judging from the current trend of the GEM's six-line blooming and accelerating upward trend, it should be impossible to fall below the weekly five-day line again, which is the 1800 point position, at least before June.
"Maybe, today is the bottom area of the GEM after the Spring Festival. At most, it will be a second dip." Gu Junhao stared at the rapidly rising GEM index and switched the mouse to analyze his trend.
Strong stocks such as Tong Huashun and Yin Zhijie also began to rebound after falling sharply for one and a half trading days; strong stocks refused to make a major correction, which is also a sign that small and medium-sized enterprises are still strong.
The afternoon rebound of the ChiNext continued until the end of the day; throughout the day, the Shanghai Composite Index benefited from the weighted rebound and soared 2.15%. The stock index closed at 3298.36 points. It is only a matter of time before it breaks through 3300 points.
However, the performance of the GEM was not inferior to that of the Shanghai Composite Index. In the afternoon, the GEM Index rebounded by nearly 2%. The index finally achieved an increase of 0.19%. With a red cross star trend, the GEM completed the intraday adjustment.
And on Friday, the last trading day of this month, the style of the Shanghai and Shenzhen stock markets once again switched to the small and medium-sized startup sector.
The financial and Chinese sub-sectors that surged yesterday have slowed down their gains today. Gambling funds on the market have once again launched an attack on small and medium-sized startups. Sub-new stocks have become the leading sectors in the rebound, and environmental stocks have also made changes today.
The Shanghai Stock Exchange Index, which rose sharply yesterday, although the increase has slowed down today, it is still relatively easy to break through 3300 points; the ChiNext Index has also performed equally well in this regard.
Breaking through 1900 points.
After the Spring Festival, in addition to the bleak trading on the first trading day, as ordinary investors officially went to work and gradually joined in trading, trading in the two cities yesterday and today began to slowly become more active.
There are also more posts in major stock trading areas. At the end of the day's trading, the Shanghai Stock Index rose 0.36%, and the stock index closed at 3310.30 points. During the three days of trading, the Shanghai Stock Index rose 1.95%. The recovery of the brokerage sector gave
Investors in the two cities hope to re-enter the market.
The ChiNext Index fluctuated upward today, showing a positive Zhongyang trend. It rose 2.53% during the day, with the stock index closing at 1928.04 points. The three-day trading ChiNext also continued to set a new historical high with an increase of 1.78%.
After today's trading ended, February's trading also ended. After two days of raids, the Shanghai and Shenzhen stock markets both achieved index breakthroughs when most ordinary investments were still in the New Year period.
In a blink of an eye, retail investors fell behind the trend again.