Chapter 326 The second stock market crash is coming
Author: Ru Meng Ru Hua
Chapter 326 The second stock market crash is coming
The market is in turmoil, and foreigners have to join in the fun, and wait until the market opens in the morning on Monday, July 27.
Foreign media even revealed that China Securities Finance Corporation has recently closed and repaid some interbank loans from commercial banks.
This has made the market even more worried about the early withdrawal of bailout funds.
"Is a certain team going to run away?"
"I'll go, make a cut and then run away?"
"What should I do when the market opens today? Should I run away in advance?"
Shrouded in this sentiment, the stock indexes and individual stocks in the Shanghai and Shenzhen stock markets have performed extremely sluggishly since the call auction began. The fragile nerves of investors were clearly reflected at this moment.
The Shanghai and Shenzhen stock markets both gapped and opened lower, the three major indexes all fell below the 5-day line, and individual stock funds fled in panic again since the call auction began.
And when the rescue funds once again used two barrels of oil and bank stocks to maintain the index, the funds fleeing the Shanghai and Shenzhen stock markets became more and more eager.
In recent days, investors who have suffered consecutive losses have formed a mental inertia.
Under muscle memory, as long as two barrels of oil are pulled up or down, investors will cut their flesh and flee without even looking at the market, and will directly clear their positions with one click.
Under such an environment, the Shanghai and Shenzhen stock markets plunged sharply today. The Shanghai and Shenzhen Stock Exchanges plunged 8.48% in one day, with the index breaking through 4000, 3900, and 3800 points in a row, closing at 3725.56 points.
The GEM Index fell 7.40% today, with the stock index closing at 2683.45 points.
Between two trading days, the daily limit of the three major indexes' six consecutive positive days was swallowed up in an instant.
The limit of 1,000 shares fell again as scheduled. Today, the three largest holdings of Junshi No. 2, Wuliang, fell by the night limit, with the stock price at 24.93 yuan. Maotai fell 8.07%, with the stock price at 201.52 yuan. Wanke A fell 7.85%, closing at 14.20 yuan.
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Within one day, Maotai Liquor Industry returned to a state of floating losses, while the profits of Wuliangye and Vanke A were already less than 3%. Even Teli shares, which had been on the trend, fell sharply by 5.13% today.
Investors participating in the transaction once again experienced a trend that no one was spared, which can be described as extremely depressed.
"Wuliangye will add 50,000 lots to its warehouse, and Maotai Liquor will add 5,000 lots to its warehouse." Gu Junhao ordered unhurriedly.
The position of Vanke A is already quite high, and it is still in floating profit, so there is no need to increase the position for the time being.
Although Wuliangye is also in a state of floating profit, the market value of its positions is currently not very high in terms of the overall market value. There is no problem in adding positions at the price limit.
As for worrying about a certain team running away with buckets, it is naturally nonsense at the moment.
In just one month, most of the trading volume in the Shanghai and Shenzhen stock markets was contributed by the rescue forces led by a certain team. How could they flee so quickly?
In this case, I also increased my position again. In any case, it can be regarded as cooperating with the rescue of the market again.
Under the plunge, rescue funds had to intervene again to maintain the situation, appearing extremely passive.
On Tuesday, with the inflow of stabilizing funds, the Shanghai Stock Exchange Index began to rebound after falling to its lowest point of 3,537 points. The index bottomed out and rebounded to 3,600 points, with the decline narrowing to less than 2%.
Today, the GEM index still fell sharply, reaching 3.78%. The Shanghai and Shenzhen stock exchanges had a daily turnover of 130 million yuan, and a total of 360 stocks in the two cities fell below their limits.
In the after-hours news, a certain team went on a large-scale buying spree today, buying a total of 21 stocks.
The China Securities Regulatory Commission issued statements three times within 24 hours to maintain stability, and was very determined to protect the market. The central bank also rarely spoke in support of the bulls before the market opened on the 29th.
The Hong Kong Stock Exchange has significantly reduced the transaction fees for northbound A-shares under the Shanghai-Hong Kong Stock Connect, which has greatly increased the enthusiasm for buying northbound funds.
Individual stocks that had illegally reduced their holdings, such as Zhonghang Industrial, were investigated and punished one after another. Under the thunder, the short-selling team was restricted again on the 29th.
On the 29th, after a sluggish trend all morning, a certain team took action again in the afternoon, and the three major indexes were pulled up sharply. The Shanghai Stock Exchange Index rose 3.44% today, and a total of more than 300 stocks exceeded their daily limits.
When the two armies fought, they were vigorous at first, then weakened, and finally exhausted.
Previous market rescues were accompanied by the daily limit of 1,000 stocks, but today there are only more than 300 individual stocks with daily limit. The reason is that there is no cooperation between quantity and energy.
Since the comprehensive rescue of the market on July 6, every time the stock index performs sluggishly, bailout funds arrive like a savior.
In the early days, retail investors were so enraged by this thrilling rise that they shouted to destroy the short sellers.
Since this month, several thousand shares have fallen below the limit. Retail investors and even some small institutions can no longer stand this kind of torture. When bailout funds are raised, what they think of is not the full cooperation as before, but running.
road.
Just take advantage of the increase in bailout funds to run away and recover some losses, there is no other thought.
This is the general performance of the market during the second half of July trading.
Under such an environment, the intensity of the market rescue has become weaker and weaker. Today's failure to reach the expected daily limit of 1,000 shares is a landmark event.
Today will be a critical moment for the market bailout.
If nothing else goes wrong, the bailout will still be maintained, but the performance of the Shanghai and Shenzhen stock markets may not be as good as expected.
After the end of today's trading, it will also have a certain impact on Junshi No. 2, that is, Wuliangye will be suspended from trading.
Wuliangye, which fell by the limit on Monday, rebounded slightly for two consecutive trading days, rising 0.51% today, with the stock price at 25.73 yuan.
Wuliangye’s trading suspension was based on its plans to issue shares and implement an employee stock ownership plan.
After trading was suspended today, Junshi No. 2 held 150,000 lots of Wuliangye, with a total market value of more than 385 million yuan.
"It's good. Suspending trading is also a good thing, so as to avoid falling." Gu Junhao said with a smile.
During this period, buying liquor stocks is just to reduce the risk and make it safer, which is equivalent to hedging.
Even so, trading was suspended as of today this month, and Wuliangye still fell 18.83%. Fortunately, Gu Junhao did not intervene at the beginning of the month, and there is still some weak profit margin.
The effect of the rescue gradually became less obvious. In the following two trading days, the Shanghai Stock Index ended the turbulent July with two consecutive losses, and the stock index finally closed at 3663.73 points.
After peaking at 5178 points in June and falling 7.25% for the whole month, it fell again by 14.34% this month.
The ChiNext Index fell 11.15% again after falling 19.31% in June, and the stock index closed at 2539.84 points for the whole month.
After the trading ended on July 31, it happened to be the weekend. The stock market crash that lasted for more than a month and a half caused a serious blow to the market.
Both new investors and old leeks have lost great confidence in the market.
Most people have no expectations for the market trend in the next August, or even this year, and it is already a luxury to hope that they can recover their capital.
The overall size of Junshi No. 2, last announced at the end of July, was 3.126 billion yuan, with a net worth ratio of 6.2535.
Affected by the sharp drop, there was only an increase of less than 4 million yuan compared with last week.
This 4 million yuan increase is all thanks to Yaogu Teli Shares.
Except for this week's sharp drop, Tellus shares remained strong in the other four trading days. On Thursday and Friday, they even hit two daily limits in a row, with the stock price reaching as high as 32.66 yuan.
Tellus shares, which have surged 58% this month, have also pushed the market value of Gu Junhao's position to more than 260 million yuan. However, after entering this week, the trading volume of Tellus shares has increased significantly.
The increase in trading volume also means that Tellus shares, which have continued to rise sharply without any adjustment, are accelerating into a periodic top position.
Even if it is a ten-fold monster stock, it cannot be achieved directly in one round of gains.
After the weekend holidays on August 1 and August 2, A-shares ushered in August trading.
Although bailout funds are still frequently used and the index has risen sharply from time to time, it has never been able to break through the negative line on July 27, let alone launch another attack on the 4,000 point level.
On Friday, August 14, the last trading day in the first half of August, the Shanghai Stock Index hit an intraday high of 4,000.68 points, and then closed down 0.27% throughout the day.
At the same time, the share price of Tellus has been rising continuously since August 3, and as of yesterday, the share price reached the highest price of 51.99 yuan.
Tellus shares, which had a turnover of 1 billion yuan throughout the day but only rose 0.7%, fell below the daily and 5-day moving average for the first time today amid obvious stagflation.
Today, Tellus shares' transaction volume was 760 million yuan, a sharp drop of 5.2%. After a month of rising prices, it is very obvious that the stock price has peaked in the short term.
The highest price in this round is 51.99 yuan, which can be said to be full of personality and very consistent with the style of some old dealers and hot money.
Gu Junhao also successfully cleared his position in Tellus shares yesterday and today.
A round of monster stocks brought a total of 320 million yuan in withdrawn funds to Junshi No. 2, with a profit of more than 200 million yuan, laying a solid foundation for the decline of blue chip holdings.
However, this monster stock is not done yet. There will be opportunities to intervene again in the future. You just need to wait for the opportunity.
The demonic trend of Tellus shares was one of the few bright spots in the market last month and this month.
Tellus shares dominated the limelight last month, but another stock is competing for the limelight this month.
Influenced by a certain team's placard raising, Anita Mui suddenly emerged this month and was awarded the title of "The King's Woman".
The market has failed to break through and regain the negative line on July 17 in 10 trading days. From the daily line, there are two heavy-volume cross negative lines on the 11th and 14th of this month, and the trend of peaking is very obvious.
The bailout failed to restore investor confidence until Tuesday, August 18.
The Shanghai Stock Index has a large negative line with a decline of 6.15% and penetrates all the moving average positions of the daily line downward, showing a breaking position.
Tellus shares also fell continuously on Monday and Tuesday this past two weeks, with the stock price falling below the 10-day line and reporting at 44 yuan.
On the second trading day in the second half of August, the Shanghai Stock Exchange Index once again stopped at 4,000 points, which dealt a heavy blow to the market.
At this time, anyone with a little investment experience will know that 4,000 points will be a major threshold for A shares in the future.
After breaking the position, investors lost all confidence in the following three trading days, and the two markets continued to fall.
Friday, August 21st, the last trading day of the week.
The Shanghai Composite Index barely closed at 3507.74 points, falling 4.27% during the day, and fell 11.54% within a week.
The ChiNext Index fell 12.42% this week, with the index falling below 2,400 points and reporting at 2,341.95 points.
Judging from the weekly K-line, the declines in the two cities this week are similar to the declines in the largest single weeks since the stock market crash on June 15.
This also means that the second bottom after the stock market crash has arrived. If the performance is poor next Monday, it will enter the second round of stock market crash this year until the policy bottom is broken and the real market bottom is found.
May ended. I updated more than 200,000 words even though I was sick and asked for leave. It was not easy. Thank you very much for your monthly support. Thank you very much!