The investment era of rebirth

Chapter 192 Fund siphoning, 100 billion funds rush to raise!
"Brother-in-law, no one should have thought of this benefit in advance, right?" Mu Yao, who was sitting next to Gu Chijiang when he was angry and depressed, said, "Although we missed this train, Director Hao is in ' The judgment of the investment direction of "reversal of the liquor dilemma" is still correct. Our fund, for more than a month, has not only used the heavy-weight liquor sector, but also "Jincheng Fenjiu" and "Qianzhou Moutai" to outperform the market and the market. CSI 300 Index?"

"Outperforming the Shanghai and Shenzhen 300 Index and the broader market, is this what you pursue?" Gu Chijiang glanced at his brother-in-law in front of him, and said angrily, "Do you know the performance of the fund he manages and the person who hit you last time?" Is it? Before the net worth of the fund is completely closed, the net worth data of others has doubled for one month."

"and also……"

"Don't follow Hao Weilai's nephew Liu Ze, fooling around in bars and nightclubs all day long, learn more by yourself, don't be ashamed and conspicuous outside all day, you are not only losing my face, but also your sister's .”

"At first, I thought that this person surnamed Hao, who had been in Huaxin Securities Sales Department for so many years, should have some skills, but I didn't expect... it was still not very useful."

"Is brother-in-law planning to let him go?" Mu Yao asked in a low voice after being scolded.

Gu Chijiang put down his teacup, and said coldly: "Since he has no ability and can't bring me profits, then why should I keep him? The company has always...not support idlers!"

When Mu Yao heard this, he was also startled.

"I don't think the main line of 'Shanghai Free Trade Zone' should last long. After all, Shanghai's material trade has been hyped in advance, and it has risen by almost 50%." After a pause, Mu Yao said, "Brother-in-law, baijiu The sector is not without prospects, the valuation of Moutai in Qianzhou is already ridiculously low."

However, he just finished speaking...

Another blockbuster news popped up on the financial information website that Gu Chijiang followed.

The content of the news is a blockbuster document of 'anti-corruption, further control of public consumption', and the direct negative target of this document is directed at the liquor sector.

Seeing this, Gu Chijiang's anger, which he could vaguely suppress, erupted in an instant.

He slammed the teacup, glanced at Mu Yao who was annoying him, and shouted directly: "Get out, get out as far as you can, and... tell that kid Liu Ze to get out of here too!" , I get annoyed just looking at it."

Seeing his angry face, Mu Yao was taken aback, but he didn't dare to touch his anger, so he stood up and walked out.

Gu Chijiang looked at Mu Yao who was leaving, turned around, yelled again, "Hao Weilai missed me", and immediately called the company's personnel, ready to fire him.

Of course, at this moment, the uncle and nephew of the Hao family did not know that they had been fired by the new owner.

He didn't even know that Gu Chijiang was ready to add insult to injury, blaming them all for the reason for the loss of the fund's net value, and let them take over the anger of Pengyuan Real Estate and the loss of the Ning family's assets.

And this moment...

Su Yu saw that the country further tightened the consumption documents of Sangong in the anti-corruption campaign, and he was very happy when he thought of the nail he had buried in Jingda Investment with "Jincheng Fenjiu".

In the A-share market, if there are no good stocks, they must rise, and the saying that the valuation must be maintained at a high level.

The so-called cycle of everything, when market expectations and sentiments have not reversed, and a new cycle has not come, no matter how low the valuation is, it is not the bottom.

The valuation of the liquor sector at this time is indeed low enough.

'Qianzhou Moutai' and 'Jincheng Fenjiu' are indeed excellent companies with excellent business models.

However, when future expectations have not changed in a good direction, but are still deteriorating, the valuation of 10 times can also fall to 9 times or 8 times, becoming a real undervaluation trap.

Without absolute patience and determination...

It will be very difficult to get up from this pit.

Of course, the bad news for specific sectors, such as "the further tightening of consumption among the public and the public", is hidden in the great news of the "Shanghai Free Trade Zone", and not many people pay attention to it.

The entire market, overall investment sentiment and future expectations for the market.

At this moment, he still maintained his high pitch and excitement.

And in the evening, late at night, the trend of the external market is also rare to open high and go high, like adding fuel to the fire, which further stimulates the sentiment of the entire market.

The next day, in this extremely high and excited mood.

In the minds of the majority of investors, the "idea market" has already reached the daily limit, and the two cities ushered in a new round of opening transactions.

At 9:15, the call auction between the two cities began.

The entire "Shanghai Stock Market Local" sector, more than 160 stocks, under the direct positive stimulus of the "Shanghai Stock Exchange Free Trade Zone", all opened higher, and none of them fell. Among them, such as Shanghai Stock Exchange, Shanghai-Hong Kong Group, Lujiazui, Pudong Jinqiao, Jinjiang Investment, Jinshan Development, Dongfang Entrepreneurship, China Central Place Logistics, Shanghai Sanmao, Shanghai Steel Union and more than a dozen core concept stocks, all of which have a one-word daily limit, with orders exceeding 20 lots, and even hundreds of billions The Shanghai Pudong Development Bank in circulation all opened more than 7 points higher.

In addition to the 'Shanghai local' sector, there are nearly 2000 stocks in the two markets.

Boosted by the favorable conditions of the 'Shanghai Free Trade Zone', the number of red listings also exceeded 80%, and the call auction sentiment was quite good.

Of course, there are exceptions in the overall fiery collective bidding situation.

For example, the bearish liquor sector directly opened lower against the trend, and its core stocks, such as 'Jincheng Fenjiu', 'Qianzhou Moutai', 'Wuliangye', 'Luzhou Laojiao', etc., opened 2% to 5% lower Wait, in the sector, the multi-checks have reached a new low in history, and the selling is heavy.

9点16分，9点17分，9点18分……

With the passage of time for the call auction, all kinds of incremental funds outside the market are more and more gathered in the 100 or [-] core concept stocks of the first and second echelons of the "Shanghai Free Trade Zone". On the stock price limit board, the accumulated buying funds totaled more than [-] billion.

At 9:20, time enters the real call auction session.

The number of stocks with a one-word daily limit has not decreased, but is still rising.

After seeing that it is obviously impossible to buy core concept stocks, the path of various funds rushing to raise funds began to spread to fringe stocks that are not so pure in concept but can still be linked to the "Shanghai Free Trade Zone". Big profits are good, speculate to profit as quickly as possible.

At the same time, there are many small-cap Zhuang stocks with extremely poor liquidity.

At this moment, its call auction market has also become active. With the purpose of "falsifying", the dealers want to take advantage of the hot spot of the "Shanghai Free Trade Zone" to attract less smart, or relatively greedy retail investors, Big households and hot money, follow suit, lift the sedan chair for yourself, or untangle yourself.

In short, both on and off the field.

Funds from all walks of life and investors from all walks of life, under the great benefits of this day, all have different motives and adopt different operating strategies.

At 9:25, the call auction ended, and the two cities ushered in a short cooling-off period before the official transaction.

The Shanghai Stock Exchange Index opened 1.1% higher, the Shenzhen Stock Exchange Index opened 0.89% higher, and the ChiNext Index opened 0.57% higher. 75% of the stocks in the two markets were in the red, which is considered a very good opening situation.

In terms of sectors, ports and logistics are in the first echelon, with increases of more than 1.8%; real estate and trade are in the second echelon, with increases of more than 1.5%; finance and shipping are in the third echelon, with increases of more than 1.1%; The industry sectors were all lower than the rise of the Shanghai Stock Exchange Index; and being dragged down by the liquor sector, the entire beverage manufacturing sector ranked last, becoming the only sector that bucked the trend and fell in the two cities.

In terms of hot stocks...

Shanghai Stock Exchange, Shanghai-Hong Kong Group, Lujiazui, Pudong Jinqiao, Jinjiang Investment, Jinshan Development, Dongfang Venture, China Central Place Logistics, Shanghai Steel Union, Shanghai Sanmao and more than ten branches of the "Shanghai Free Trade Zone" The core concept stocks maintained a one-word daily limit trend. During the entire call auction, the transaction was sluggish, with serious shrinkage, and the market was very consistent.

Qianzhou Moutai and Jincheng Fenjiu, these two stocks have soared in popularity due to the sudden bad news in the liquor sector.

They opened lower by more than 3 points one after another, and the volume of call auctions exploded sharply.

Huaqingbao, Changqu Technology, Fenda Technology, Tianyu Information, Huake Financial, these leading stocks in the GEM that performed relatively strongly yesterday, rebounded sharply yesterday, and even after the daily limit, today’s opening scene is not very ideal. It was only opened 0.3% to 1% higher, and during the entire call auction stage, the strength of the capital attack was not strong, and the ability to undertake was limited, as if the entire market was forgotten by the market after a flash in the pan.

Of course, this also shows the core concept stocks related to the 'Shanghai Free Trade Zone'.

The siphon effect of funds on the market is too strong, which directly leads to other sectors and stocks with less favorable and less predictable benefits, making it difficult to attract strong funds to undertake.

And this will also lead to a general rise in the two cities, which is difficult to continue.

"This collective bidding performance..." Su Yu stared at the fixed index and the overall opening scene of the two markets, and complained, "In the entire 'Shanghai Stock Market Local Stock' sector, 21 stocks have a daily limit, and the funds accumulated on the cover sheet total more than With the amount of 120 billion, the siphon effect of funds is too strong. Without such a huge amount of active funds, apart from the 'Shanghai local' sector that is supported by the market today, I am afraid that other sectors will not get better without sufficient funds to undertake it."

The market performance in a bear market is often a situation of "overflow and loss".

After all, when the overall confidence in the market has not recovered and the incremental funds are insufficient, a popular mainline market that occupies too much active liquidity in the market will inevitably cause a siphon effect of funds and cause blood loss in other sectors.

"But there shouldn't be too much risk, right?" Li Meng answered.

Su Yu nodded, and replied: "Most of them are shocks, and there are a lot of funds that can't buy the core stock chips of the 'Shanghai Free Trade Zone'. If there is insufficient acceptance in other sectors of the market, there may be bargains to pick up when diving down. , Most of these funds that can’t buy chips will withdraw their orders and pick up cheap ones first, so the hope of a big rise in the index today is not high, but the risk of a decline is also very small, so it’s nothing to watch.”

"Yeah!" Li Meng replied, "But for the main line of 'Shanghai Free Trade Zone', today is a general upswing."

Su Yu smiled and said: "It's natural, such a big benefit, if these relatively pure concept stocks can't even hold on to a board, then it's really a market problem, but starting tomorrow, they should enter the knockout process, And the knockout rounds...is where the real fun begins.”

(End of this chapter)