Chapter 477 The unique A-share market!

Under the surging selling orders, the Shanghai Composite Index started to dive rapidly downward again at 2:46. In just three minutes, it once again broke through the 2270 point mark.

Immediately afterwards, at 2:48, the Shanghai Stock Index reached 2267 points.

At 2:50, the Shanghai Stock Index reached 2264 points.

At 2:55, the Shanghai Stock Index reached the 2260-point mark, reducing the day's gain to about 1.5%.

Finally, when 3 o'clock in the afternoon came and the two cities ushered in the closing moment, the Shanghai Index rebounded a little and settled at 2264.96 points, up 1.63%, while the Shenzhen Index and the ChiNext Index rose 1.49% and 1.37% respectively. According to

In terms of the closing situation, although several major indexes fell back a lot in late trading, overall, a relatively good positive rebound trend was formed, especially in terms of volume performance in the two markets. Compared with yesterday, the volume has only shrunk slightly.

a little.

This shows that at this position of the index, market investors are very active. At the same time, it also shows that the exchange of chips on the market is good and the market has a good mood to follow the trend.

"It seems that it is not easy to break through the 2300 point position in one go!"

Seeing such a closing situation, at this moment, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan said with emotion: "With today's trend, the upward trend in the late trading is obviously weak. I feel that the index will be weak in the next few trading days.

We still have to go back to 2200 points to confirm the support.”

"Although the index did have some weakness in the late trading, overall, the market's money-making effect is still expanding." Next to Zhou Kan, Xu Xiang briefly observed the market for a while and responded, "As long as the market makes money

If the effect continues to expand, then the problem is not big. At this time... we can lighten the index a little and focus on individual stocks."

"Light on the index, heavy on individual stocks!" Zhou Kan thought for a while and said, "But the main lines of 'infrastructure', 'military industry', and 'Internet finance', as well as a number of popular concept stocks, have not rebounded at the same height in the past two days.

It's low, especially for the popular concept stocks where "Yu Hang" funds have built large-scale positions. Basically, they have two daily limits in a row, and the subsequent market continues... When the Shanghai Stock Index cannot quickly break through 2,300 points, it continues to open up space.

Come on, I’m afraid I’m suspicious!”

Xu Xiang said with a smile: "There are shocks, but this is far from the climax of the hype. Although these popular concept stocks have rebounded violently, generally exceeding the rebound range of the market index, they have rebounded too quickly.

, in fact, the investor group that followed the trend did not get a lot of chips.”

"In other words, the chips for these popular concept stocks are still relatively scarce at this stage."

“At the same time, emotions have intensified due to the large-scale admission of ‘Fortune Road’.”

"The bullish sentiment in these popular concept stocks is still the strongest area in the market. If the subsequent market continues to break through for a period of time, there will not be much problem in the short term."

In his opinion...the market's bottom chip structure has just completed a large-scale transformation.

At this time, the market has just begun to unfold. It can be said that all shocks and short-term retracements are relatively good opportunities to increase positions and buy.

"Can we continue to break through?" Zhou Kan was slightly stunned, and his opinion was slightly different from Xu Xiang's, and said, "But today's market prices in the entire field of 'big infrastructure' have diverged, and there will be more hype in the future.

High? And there shouldn't be any big moves in the funds of the 'Yu Hang Group' today, right? Faced with the relatively heavy short-term accumulation of profits in the field of 'infrastructure', the follow-up incremental funds can really push the stock price up for a while.

?"

Xu Xiang responded with a smile: "Although the market has diverged, the trading volume of related popular concept stocks has not increased, and compared with yesterday, it has shrunk relatively. This proves that the chips on the market are well locked in, although the stock prices have generally risen sharply.

, but the changes in chip structure are still very good.”

"In that case..." Zhou Kan paused and asked, "Then how should we formulate a trading strategy next."

Xu Xiang pondered for a moment and said: "Hold the stock and wait patiently. At this position, a relatively aggressive trading strategy is far more suitable than a conservative trading strategy."

"Okay!" Zhou Kan nodded, paused for a while, and then said, "The 'military industry' line seems to be a little independent of the market this afternoon."

Xu Xiang nodded and responded: "There are indeed obvious signs of new main funds entering the market."

"It seems that the core logic of this main line is gradually being recognized by more major funds in the market." Zhou Kan smiled and said, "It also shows that our previous judgment was not wrong. There should be some potential in this direction."

Good news, or the core hype logic."

"Yes!" Xu Xiang nodded and asked, "Old Qiao... is there any new news on the 'military industry' line?"

Zhou Kan shook his head and responded: "I haven't heard about it yet."

"What about the market news on the macro level?" Xu Xiang thought for a while and continued to ask.

Zhou Kan pondered for a while and responded: "Others, there is no particularly important news. Oh... By the way, there seems to be new progress regarding 'pension funds entering the market'. I heard that it was a subsidiary of the former China Investment Group

Qian, the general manager of Huijin's asset management department, seems to have been transferred to the newly established 'Pension Asset Management Center' as the director, and he should be fully responsible for and promote the 'pension market entry' related matters."

"General Manager Qian of Huijin's Asset Management Department?" Xu Xiang thought for a while and said, "He has been transferred. It seems that the matter of 'pension funds entering the market' is indeed beginning to take shape. What's more,

In terms of macro-level financial policies, as well as the news and policy promotion of 'Shanghai-Hong Kong Stock Connect' and 'state-owned enterprise reform', are there any new developments?"

Zhou Kan thought for a while and said: "Regulators have publicly warned the market several times about the 'Shanghai-Hong Kong Stock Connect'. What is certain is that this matter will definitely be fully opened in the second half of this year, allowing funds from the north and the south to

Both A-shares and Hong Kong stocks can flow, which is a relatively public benefit. As for the 'state-owned enterprise reform'... the promotion is indeed very strong. There is a wave of mergers and reorganizations between state-owned enterprises, central enterprises and companies with the same business.

It should be getting closer, which is why the main conceptual line of 'state-owned enterprise reform' has been so strong in the past two or three months."

"Oh, right……"

Speaking of this, Zhou Kan remembered something again and said: "About the mergers and reorganizations of military industry enterprises, internal reforms and asset securitization, it seems that the wind has begun to blow. I am wondering whether this is the 'military industry' line.

The core hype logic and future expectations.”

"Securitization of military industry assets?" Xu Xiang narrowed his eyes after hearing these words and said, "If the top management is really blowing the wind in this direction, then the hype logic and future expectations of the 'military industry' line are still there.

It’s really not a small thing, and it’s worth a big fight.”

"Let Old Qiao pay more attention to this news..."

"Spring River Plumbing Duck Prophet, the market's main capital trends will not lie. Since the 'military industry' line continues to get stronger and stronger, and more and more main funds enter this field, it is bound to be in this direction.

There will be potential benefits or hype logic."

"Okay!" Zhou Kan nodded in response, and added, "There is also the recent surge of hot money outside the market, which seems to be getting worse, especially the P2P platform where private capital is active. The financial effect and participation of

The number of capital groups is increasing and becoming larger. At the same time, there seems to be an investment boom in the primary market due to the influx of various hot money. The private equity investment market has also begun to become overheated.

stage."

"I think……"

Zhou Kan paused and said: "In the context of 'mass innovation and mass entrepreneurship', the concept of 'venture capital', which has been largely abandoned by major funds in the market, should have certain opportunities for speculation."

Xu Xiang thought for a while and said: "Forget it, the heat in the primary market is not linearly transmitted to the secondary market. Speculating on secondary market stocks based on the reaction of the primary market is like speculating on spot prices based on futures prices."

The company's stock is somewhat unreliable, and with the IPO in full swing, even if there is an opportunity for a rebound from oversoldness in the 'venture capital' line, its long-term speculation logic and expectations cannot be opened up, and it is difficult to attract the majority of investors in the market.

The group unanimously agrees that it is difficult to participate in the market. When the market has a better main line to make money, the cost performance of this line is not high at all. We do not need to waste too much time and experience in this line."

"On the contrary, the hot money you just mentioned has begun to flow into the private equity investment market and P2P financial market in large quantities."

"This is a good market signal!"

"I think so too." Zhou Kan said with a smile, "It can be seen from these signs that, generally speaking, the financial situation of the market is improving. As long as the A-share market can continue to make money and open up continued room for growth, then

The hot money that is pouring into the primary market and the P2P financial management market has a high probability that it will eventually flow into the property market and stock market with better liquidity."

"More than that." Xu Xiang said, "Hot money is surging into the capital market and into the big reservoir of the property market. Then the previously high inflation rate should come down. In this way... the central bank should have more in its hands.

There are many cards that can be played, and it is not impossible to change the monetary policy!"

"It depends on the Fed's movements, right?" Zhou Kan said, "If the Fed is hawkish and continues to raise interest rates, then even if our central bank has the cards, it will probably be difficult to play them!"

"Currently, the correlation is not so strong." Xu Xiang said, "Let's take a look first. I always feel that the domestic market is at this position and at this point in time, there should be a strong explosive market. After all,

News, funding, policy, and sentiment are all beginning to move towards a consistent and resonant path."

"Is... is it really possible for a 'bull market' to break out?" Zhou Kan asked in surprise.

Xu Xiang smiled and said: "No one can accurately predict this, but it can be clearly felt that the situation inside and outside this year is obviously better than last year. In the direction of the main board, after the valuation has been compressed to the extreme, regardless of fundamentals and news

The situation is about to reverse, and you can feel that the market's spring is clearly relaxing."

"And in the emerging industries focusing on the small and medium-sized boards and the GEM, there are a lot of 'growth stocks' directions."

"With the rapid growth of emerging industries and the rise in market valuations driven by the surge of hot money, its potential speculation logic and future expectations are also continuing to strengthen."

"But what everyone expects is that the property market will continue to prosper after the real estate restrictions are relaxed." Zhou Kan said, "Since the development of domestic commercial real estate, there has never been an economic boom where the property market and stock market broke out at the same time, right?"

Xu Xiang said with a smile: "Expectations are expectations, but how they change can only be determined by the actual trend of the market, and history often does not repeat itself. If we are trading, we must always follow historical performance.

If you use reference, you will only fall into a thinking trap, unable to objectively see the essence of things, let alone accurately judge the market situation.”

"Okay!" Zhou Kan responded, then stopped talking and lowered his head again to continue reviewing.

As the two continued to review, analyze, and discuss, the time had unknowingly arrived at 5:30 pm, and the rankings of the two cities were refreshed.

After one day of intense trading, a total of 26 stocks were on the list.

Among them, relatively similar to yesterday, more than half of the 26 stocks on the list belong to the popular main lines of 'infrastructure', 'military industry', and 'Internet finance', but what is different from yesterday is that today's 'Fortune Road'

Almost disappeared, only appearing in one or two large-cap stock buying seats of China Railway Construction and Gemdale Group, and the net buying volume was not large, only 10 to 20 million, compared with yesterday's orders that easily exceeded 100 million.

The net buying volume of this stock is nothing to mention.

Of course, except for the sharp drop in the net buying amount disclosed by Fortune Road on the list.

The overall data performance of the Dragon and Tiger List in the two cities is still very strong, and the total trading volume of all disclosed buying and selling seats is still in a state of substantial net buying. Among them, the net buying of institutional seats is the largest, with the single 'Gemdale Group'

For one stock, the net purchase amount of institutional seats reached 180 million.

"Mr. Su's 'Fortune Road' small buy lock-up, hot money is still active, and institutional groups have increased their positions on a large scale. Today's Dragon and Tiger list data, although not as shocking as yesterday, is still quite eye-catching. I feel that the market is next...
To be continued...