Rebirth of the investment era

Chapter 64: Breaking through 1,000 points!

At 2:32, the GEM index once again hit a new rebound high of 1012.37 points, up more than 3.5%.

At 2:34, pan-mobile Internet concept stocks such as 'mobile payment', 'smart city', and 'Internet finance' surged straight up. The core stocks Tianyu Information, Yinjie Shares, and Shanghai Steel Union all rose by more than 7%. There is a tendency to hit the board.

At 2:37, the two major adjustment sectors of 'mobile games' and 'film and television media' turned red from deep water. Hua Qingbao rebounded from the lowest limit to a drop of nearly 2 points, and it also has a strong tendency to turn red. .

At 2:42, the ‘wearable device’ concept and the ‘Apple concept’ related sector stocks exceeded the daily limit of 8 stocks, and the overall sector rose by more than 6%.

At 2:46, the "Big Finance" on the main board changed again, and the Shanghai Stock Index began to expand.

At this time, the GEM index touched 1017 points, with the increase expanding to 4.2%. All concept sectors in the two cities were all red, and none fell.

Then, it enters 2:50, the final ten minutes of the game.

After the huge increase in volume, the entire market began to slowly fall back, and the extreme pursuit of rising prices began to subside.

Finally, when the market closed at 3 o'clock, the GEM was set at 1012.66 points, up 3.72%, and the Shanghai Stock Exchange was set at 2244.27 points, up 1.23%. A total of 20 stocks in the two cities exceeded the daily limit. The overall number of stocks fell, only a few Up to 350 pieces, the money-making effect can be described as hot.

After closing...

Faced with the desperate counterattack of the two cities, the long-awaited sharp rise in the market, and the GEM index once again stood at the 1,000-point mark after two and a half years.

Major domestic financial media, including the Securities Times, have given extensive coverage to the stock market.

Among them, many people shouted the slogan "The bull market has come, the future has come", and some even shouted the bull market target of 3,000 points for the Shanghai Stock Exchange Index and 2,000 points for the GEM Index by the end of the year.

Of course, in addition to the screaming voices of securities institutions and financial media.

The vast majority of investors in the entire market, after 2007 and the six consecutive years of bear market torture, have long since disbelieved in the words of these institutions and media. Even if the other party shouted out their voices and painted a beautiful vision, they would never believe it. Most investors remain indifferent.

There are only a few retail investors who are active in the market and have been "veteran rookies" for many years.

At this moment, he seemed slightly excited and had more expectations for the market outlook.

After all, for the market that has been bearish for 6 years, and for ordinary investors who have long been tortured by the stock market and have lost all confidence and hope, a big positive line in the general rise of the market is not enough to change their beliefs, and it is not enough to change their beliefs. It is not enough to attract a large number of off-site investors to enter the market, and can only give some comfort to short-term funds speculating on the market.

However, even though the vast majority of ordinary investors outside the market are indifferent.

However, many institutional investors on and off the market are still quite shocked by the fact that the ChiNext Index successfully exceeded 1,000 points today, and the 'Apple concept' and 'wearable device' concept stocks broke out in full force, almost setting off a daily limit trend. , I felt a hint of unusual market atmosphere.

There are even many institutional researchers, fund managers, etc. who are quick to respond and have a keen sense of smell.

At this moment, I have begun to realize the huge opportunities hidden in the GEM, the so-called ‘emerging economy’ index sector.

Understand that the GEM may be the leading indicator of market trends in the market.

And began to increase positions in the core concept stocks related to the GEM, as well as the GEM index weighted stocks with slightly larger capital capacity and liquidity.

Amid the quiet changes in market trends and investment sentiments, 5:30 pm arrived.

The new Dragon and Tiger list is announced.

Among the 'Apple concept' and 'wearable device' concept stocks that lead the market in the two cities, Anjie Technology, Shuobeide, and Xinwei Communications are on the list. On the contrary, 'Funda Technology', which was the first to hit the limit, has no stocks due to insufficient turnover rate. Being on the list hides the traces of the main funds in the field.

As for the rest...

Tianyu Information, the leading stock in the early period, and Yinjie Shares in the concept of "Internet finance" are also on the list.

Su Yu briefly browsed through the trading seats of these stocks on the list, and found that most of them were hot money seats, with institutional seats and known private equity seats being very few.

This proves that the current GEM market is still dominated by hot money.

Institutions are trapped on the blue-chip main board and have no time to react. In other words, they still have not realized that the core of the future market evolution of the entire market is on the emerging GEM.

Of course, Su Yu also knew that although these institutions and private equity funds were slow to respond, they were not stupid.

With the continued market evolution of the GEM after breaking through 1,000 points, along with industries such as the 'Apple concept', 'wearable device' concept, 'mobile Internet' concept, 'mobile game' concept, and 'film and television media' concept, From pure conceptual hype to a period of performance realization.

These institutions and private equity funds will definitely follow suit and grab the so-called ‘high-quality chips’.

Because, in a gradual process of market speculation.

For any industry with the potential to explode in the future, in the financial market, the hype process of its related stocks always changes from conceptual hype to performance hype, and then ends when the performance fails to meet expectations and there is insufficient room for future imagination.

Therefore, after Su Yu's GEM index stood firmly at 1,000 points, a new market space was opened.

I don’t worry at all that no one will take over the chips I bought.

After he clarified the development of the market, the next day, Thursday, May 16, the stock market opened higher amidst the high investment sentiment in the entire market, among which the concepts of 'Apple concept' and 'wearable device' continued Strong, core concept stocks such as Anjie Technology, Changying Precision, Xinwei Communications, Goertek Technology, Shuobede, etc. all opened 2 to 5 points higher, showing their strong status.

As for Fenda Technology, which Su Yu holds a position in.

Under the dual stimulation of the good sector and the good fundamentals of the company, the price limit was unlimited at the opening, and more than 250,000 orders were closed.

Facing the three major indexes, most stocks in the two cities opened higher due to the rebounding investment sentiment in the market.

Su Yu frowned slightly, but was not very optimistic.

After the index breaks through the key pressure level, even if the market sentiment is high, it still needs a process of consolidating chips, clearing floating chips, and stepping back to confirm support.

Therefore, we continue to hold high and fight high without the entry of large-scale ordinary investors outside the market.

It's simply not realistic.

really……

While he was pondering, after the two cities officially started bidding transactions, the three major indexes that had opened high began to fall back.

There have also been a lot of selling orders on related core popular concept stocks.

Ten minutes later, at about 9:41, the three major indexes, the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index, all slipped under the water and turned from rising to falling.

It's just that this pullback has shrunk significantly compared to yesterday's late breakthrough.

This proves that the various funds that chased in when the market broke through are still optimistic about the index at this moment, which is a substantial breakthrough. They are optimistic about the huge continuity of the market and have not followed the trend of selling, forming a temporary accumulation of chips.

And under this benign correction of shrinkage...

At 9:57, when the GEM index reached its lowest point of 1005.67, it stopped falling and gradually entered a sideways fluctuation.

Moreover, half an hour later, the equivalent capacity can be reduced to an extreme again.

When floating and selling, it was significantly digested.

The three major indexes began to slowly increase in volume and turned red again around 11 o'clock.

Only this time, after the three major indexes recovered their losses, they continued to stabilize and did not rush to the upside. They remained within a very small amplitude until the closing at 3 o'clock in the afternoon. Finally, the Shanghai Composite Index closed at 2251.81 point, a slight increase of 0.23%; while the GEM index closed at 1009.53 points, a slight decrease of 0.31%.

As for the major concept sectors and individual stocks in the two cities.

Yesterday's popular 'Apple concept' and 'wearable device' concept sectors are basically in a flat and volatile state today, shrinking significantly. They are obviously digesting short-term profits and floating chips, and consolidating chips. Its core concept stocks, Except for Fenda Technology, which has been trading at the daily limit and has never increased its volume, the rest are also in the same state as the opening and closing, with no enthusiasm at all.

However, this kind of disk, although very dull, made Su Yu very satisfied.

Because after the surge in volume, the severe shrinkage and extremely small amplitude fluctuations prove that the accumulated funds and the investment group who are optimistic about the market outlook are quite large.

This gives the market outlook the power and opportunity to continue to rise and continue.

At the same time, it also proves that after breaking through the 1,000-point mark of the GEM Index, it has formed a substantial market support point.

As long as we don’t encounter a severe negative blow at the macro level in the future.

Then, the GEM index of 1,000 points is the strongest line of defense and the market starting point in the minds of investors.

After the market closed, at 5:30 p.m., the new Dragon and Tiger list was announced. Due to the very small fluctuations in today's market, the daily limit stocks are limited. In addition, Fenda Technology has achieved both the increase ranking and the cumulative increase within 3 days. Conditions for entering the Dragon and Tiger List.

So, this is a new core concept stock in the market.

After escaping from the Dragon and Tiger list yesterday, it shined on the list today, revealing its trading seats.

Su Yu originally thought that Fenda Technology would hit the daily limit today and the total transaction volume would not even be 10 million, so there would definitely be no surprises on the buying and selling seats.

However, when he really paid attention to the trading seats disclosed by Fenda Technology.

But he was suddenly startled, obviously surprised.

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