Rebirth of the investment era

At the same time, the check for ‘Huaguo Construction’ saw an intraday increase of over 6%, showing a trend of both volume and price rising.

There are also several leading stocks with core weights in the entire market, such as "big finance", "big infrastructure" and "military industry". At this moment, the same trend of rising volume and price appeared.

It seems that the active main financial groups in the entire market are all adjusting their positions on a large scale to these core main areas.

And in this situation where the core and main line weight leaders continue to change.

At 1:40, the Shanghai Stock Exchange Index touched an intraday increase of 37%, once again setting a new market high and a new yearly high. At the same time, the A50 Index has completely reached the 3% intraday increase mark.

At 1:50, the trend of the leading stocks in the core main line and the trend of other non-core main line popular stocks further widened. In such stocks as 'Huaxin Securities, Huashang Securities, Huatong Securities, Huatai Securities, Huaguo Construction, China Railway Construction, China Communications Construction, China Metallurgical Corporation, China South Locomotive \u0026 Rolling Stock Corporation, China North Locomotive \u0026 Rolling Stock Corporation...' and a large number of "China-headed" mainline weight stocks have soared by more than 5%. The red stocks of the two cities have On the contrary, as the trading time went by, the number began to gradually decline to about 1,600.

At 2 o'clock in the afternoon, a number of mainline heavyweight stocks that were rapidly rising began to show a trend of heavy volume and stagnation.

At 2:10 p.m., several major market indexes turned around, with the Shanghai Stock Index retreating back to a 2% gain.

At 2:20 p.m., the Shanghai Stock Exchange Index fell below the 2% increase position. At the same time, the number of red stocks in the two cities also dropped sharply again, falling back to about 1,400. At this time, in the entire market, there was speculation on the main line of popular concept stocks. Emotions and fever also began to subside.

At 2:30, the A50 index's intraday increase fell below 3%.

At 2:40, after the active capital groups in the market were completely absorbed by the leading stocks related to the core main lines of "big finance", "big infrastructure" and "military industry", the diving of stocks related to other main lines became more fierce.

At 2:50, the number of red-listed stocks in the two cities fell back to more than 1,300. In this half hour, more than 15 stocks that had reached their daily daily limit had exploded.

Finally, when 3 o'clock in the afternoon arrived, the two cities ushered in the final closing moment.

I saw that the Shanghai Stock Index finally settled at a 76% increase. The two major indexes, the Shenzhen Stock Exchange Index and the ChiNext Index, rose by 07% and 93% respectively during the day, still significantly weaker than the Shanghai Stock Index.

As for the small and medium-sized board index and the A50 index, the trends of the two are even more divergent.

The small and medium-sized board index rose only 58% during the day, while the A50 index soared 59%.

Judging from the intraday performance of major indexes, it can also be seen that the main market convergence point in the market is on the core main line weighted large-cap stocks, mainly the A50 index constituent stocks.

In addition to the gains in major indexes...

The total transaction volume of the two cities today reached more than 960 billion.

Although this amount of energy has not exceeded the trillion-dollar scale that everyone has expected, compared with yesterday's overall market turnover, it is still in a step-by-step amplification trend.

"Hey, I didn't expect that the market still plunged at the end of the day."

Looking at the final closing results of the two cities, around 3:15, inside Yinghui Fund Company in Shanghai, in the main fund product trading room of 'Yinghui No. 1', Liu Guanhai, the fund manager, sighed lightly and sighed. Said: "I feel that today's market is not as strong as yesterday."

Hearing Liu Guanhai's sighing voice, Yu Lei, the trading team leader sitting next to Liu Guanhai, nodded and said, "I think so too. I feel that the market situation is becoming more and more divided into 28 and 80 as we go... The three core main lines of 'big finance', 'big infrastructure' and 'military industry' can continue to reach new highs. However, other major main line areas have not followed the rise at all.

Such a phenomenon is not very healthy for market trends.

Moreover, after the active capital groups in the market have concentrated on the core main lines of 'big finance', 'big infrastructure' and 'military industry', the market trends in other main line areas have become worse, which also illustrates the market's capital flow. Sex is not as abundant as everyone thinks.

The newly added capital groups cannot fully undertake all the market trends of the major main lines.

In other words, if the index continues to break upward on a large scale, there will inevitably be great pressure.

Also, even the leading stocks with heavy weights in the core main areas of "big finance", "big infrastructure" and "military industry" had very bad market trends near the end of the day today.

Many stocks have experienced sluggish growth in volume.

This shows that the long-short divergence is increasing on the market.

But when I observe the investment sentiment in the market, it is still very hot. I don’t know who is selling these stocks at this position. "

When the amount of market funds, especially the amount of new funds, cannot further expand on a large scale.

This is also the case when the overall market turnover does not expand on a large scale.

After the core main lines of 'big finance', 'big infrastructure' and 'military industry' fully siphoned off the market's active capital groups, individual stocks in other major main line areas have weakened, and there has been relatively heavy selling. He can understand this. Yes, after all, for the vast majority of investment funds in the market, under the stimulation of extreme money-making effects, everyone is like moths flying to the flame, determined to get rid of stocks with low money-making effects, or no money-making effects at all. , focus on adjusting positions to embrace popular leading stocks with strong money-making effects.

After all, only in this way can we earn excess profits from the market and outperform the market.

However, under the ultimate money-making effect, when a large number of active capital groups on the market flock to these core main line weighted leading large-cap stocks.

In the late trading stage, these core and main line leading large-cap stocks also showed a general trend of heavy volume and stagnation.

There was a relatively heavy selling force.

He didn't quite understand this.

Because according to market logic, under the extreme money-making effect, under the support of still relatively consistent long sentiment, investors holding positions on the market, at this time, the vast majority of long position holders should choose to continue to lock their positions, or in other words It's better to sell in small amounts and let the profits from the position continue to run.

Just like their agency's choice at this moment.

However, judging from the late trading results, the market performance was not what he expected.

And this made him feel something was wrong even more. He felt that the market trends of the two markets seemed to be turning from strong to weak, and had re-entered the risk game stage.

When Liu Guanhai heard Yu Lei's interpretation of the late trading trends of the two cities, he frowned slightly and said, "The diving trend at the end of today's trading is indeed a bit strange."

"It's been two consecutive days of late dives." Yu Lei emphasized.

Liu Guanhai nodded slightly, glanced at the background data on the fund's main control computer, smiled again, and said, "However, the net value of our fund products has reached new highs in the past two days."

"So... what is Mr. Liu's opinion on the next market trend?" Seeing him mention the performance of the fund's net value, Yu Lei's heart moved and he couldn't help but ask, "Should we continue to hold positions and let profits run, or should we gradually reduce positions and stop profits? To avoid possible market correction risks?" (End of Chapter)