The Road to Rebirth Finance

Chapter 450
The three major indexes began to fall rapidly in the afternoon, and turned green collectively at 13:30. Sino-Singapore Communications also rushed to the limit price again after the last weak pull in the afternoon.

At two o'clock in the afternoon, Sino-Singapore Communications completely blocked the price limit, and the market returned to calm again until the market closed.

The Shanghai and Shenzhen stock markets opened high and moved low. The Shanghai Composite Index closed down 1.05%, the Shenzhen Component Index fell 0.9%, and the ChiNext Index fell 0.72%.

Sino-Singapore Telecom’s volume reached 74.8 billion yuan today, and the turnover rate reached 16.04%!

As a large state-owned enterprise with an annual revenue of more than 3000 billion yuan and a market value of more than 16 billion yuan this year, the turnover rate of [-]% means that a large part of the funds were forced to liquidate today.

The after-hours Dragon and Tiger list also shows that whether it is buying or selling today, it is mainly dedicated seats for institutions. The top five seats on the Dragon and Tiger list sold more than 10 billion yuan in total.

These are all bloody bargaining chips. Of course, they belong to investors and have nothing to do with the institution itself. Some conscientious institutions will, one day, take it away with a letter of apology.

In the end, investors in the market will pay the bill.

Following last Friday, when the top three seats in the Junshi Department appeared in Qiqi, Ning Wang bought the top three seats on the Dragon and Tiger List; today, Gu Junhao, who advocates buying bottoms, once again made the three Junshi Department seats all appear together Buy the top three seats in Sino-Singapore Communications.

In this wave, it can be said that Gu Junhao was buying bottoms in a high-profile way. For two consecutive trading days, he bought a total of more than 20 billion yuan in two stocks!

In the case of low trading volume in the market, more than 20 billion yuan was invested in bottom hunting in two trading days, and the effect has been very shocking.

However, the more than 20 billion funds only accounted for less than 2% of the funds that Gu Junhao could use. Calculated from these, the current strength of Junshi Capital is relatively strong.

On June 6, Sino-Singapore Communications, which opened at a low price of 26 yuan, closed at 12.90 yuan that day, and the decline narrowed to 13.28%.

With a turnover of nearly 40 billion yuan and a turnover rate of 8.88%, Sino-Singapore Telecom still has a lot of stop-loss orders to sell, and Junshi Department continues to implement the original buying plan.

The two stocks of King Ning and Sino-Singapore Communications were the key bargain-hunting targets of the Junshi Department in June and July.

According to the plan, Junshi Price Investment will buy Ningwang with a market value of 10 billion yuan, China-Singapore Communications, Junshi No. 20 and self-operated stocks, and will buy [-] billion yuan each.

Investing 50 billion yuan in each of the two stocks, a total of 100 billion in opening funds, it can be said that it is not a big deal, and now I only bought one-fifth of it, and the process of opening a position is still very difficult.

Fortunately, these two stocks have a lot of daily trading volume. During the period when Junshi opened positions, the lowest daily trading volume of these two stocks was also more than 20 billion yuan.

On days with high trading volume, there were nearly 40 billion yuan in trading volume, which is relatively friendly to large capital positions.

With Junshi Capital’s size of funds, the stocks to choose from are actually very limited. For stocks with a market value of less than 30 billion yuan, unless they are extremely growing, there is basically no need to choose.

Excluding the expenses normally reserved by the company, reserve funds, etc., currently under the control of Junshi Capital, the operable funds are about 700 billion yuan.

Among the 700 billion yuan of funds, there are nearly 200 billion yuan worth of stocks, bonds, etc., and the remaining funds are less than 500 billion yuan. After October, Gu Junhao will all enter the A-share market.

For specific position allocation, the current stock allocation is mainly based on the three major sectors of medicine, technology, and gold; in the future, liquor will also appear in the holdings.

You can't lose the name of Jiangxiang manager.

In addition, new energy sources, including the big three photovoltaics, and the two giants of lithium mines will also reappear in the holdings.

In Gu Junhao's plan, after the completion of the warehouse building at the end of this year, Junshi will invest in the secondary market, including A-shares, Hong Kong stocks, rice stocks, bond markets, etc.

The holdings sector will include liquor, pharmaceuticals, new energy, automobiles, and technology stocks. In different periods, the corresponding holdings will be adjusted according to changes in different sectors.

The position is mainly based on a reasonable balance; in this way, the net value of the fund will not fluctuate too much due to the concentration of a certain sector.

At the end of June, the Shanghai Composite Index officially fell below the monthly 8.01-day line with a monthly decline of 60%, and the index has since lost its support.

As for seeing the 3000 point again, it should be next year. At the end of this month, the Shanghai Composite Index closed at 2847.42 points.

The ChiNext Index also fell 7.86%, and the monthly level has also been negative for three consecutive times. The closing point of 1606.71 has returned to the position at the beginning of the last wave of the bull market in January 2015.

In June 2015, the ChiNext Index hit a new high of 4000 points. In just three years, the index alone has already been cut in half.

It is not an exaggeration to describe the constituent stocks of the GEM as being littered with corpses in this environment.

With the listing of King Ning, the new king ascends the throne, and the old courtiers are bound to be abandoned by the market. For a long time to come, the GEM will be dominated by medical care and new energy.

After three months of sharp decline, the net value of Junshishi Investment has retraced to 2.4817, which is a 9.09% retracement compared to the highest point in March.

A very interesting data is that during the upward trend, due to the quota, the overall scale of Junshi Investment mainly depends on the self-increasing increase.

However, Junshi Investment, which has been falling for three consecutive months, did not decrease much because of the stock price drop. The overall scale even rose to a certain extent, maintaining at about 120 billion yuan.

When this happens, Gu Junhao has seen it in his previous life. It was the period when the fund was the hottest. During the few months when the fund started to fall, Brother Cai, Kun Kun, and Lan Lan were also falling, and the scale had grown to a certain extent. rise.

This is all due to the increase of positions by Christians. Some funds that bought at a high price, after being trapped, choose to increase their positions to lower their holding costs.

And some basic investors who bought in the early stage and made more profits also think that it is a more appropriate node to increase their positions after falling for about three months in a row.

The profit and loss are still kept in the limit state, otherwise the fund scale will grow faster.

Most of the time, the market is really not short of money, but only a kind of confidence. Based on the fact that the retracement of Junshi’s real price investment is still controlled within 10% in the past three months, Jimin still has hope.

This is a trust in the historical performance of Jun Shishi Investment, and also a trust in Gu Junhao himself under the halo.

As for the performance of Junshi No. [-], it is still very stable. In the past three months, Junshi No. [-] has only maintained a low position operation, but the turnover rate is very high, and the operation can be said to be quite frequent.

The reason why Wang Ruoyu and his team make the market frequently is to minimize the loss. With such frequent operations, if Gu Junhao is a little darker, he can black out a lot of management fees.

The easiest way is to negotiate commissions with brokers, negotiate the commission ratio to [-], and then get rebates.

Compared with those rat warehouses, this is already the most conscientious one, so being a fund manager at Big A is really a happy thing.

However, Gu Junhao didn't bother to do this. On the contrary, he would negotiate the commission to the lowest standard. With Gu Junhao's ability and the blessing of the rebirth bug, using this method to make money would somewhat embarrass the rebirth.

Monday, May 7.

The first trading day in July is also the first trading day in the second half of 7.

On the same day, the Shanghai and Shenzhen stock markets gave investors a big fight. The two markets opened low and moved low throughout the day.

The Shanghai Composite Index fell 2.52% to 2775.56 points, setting a new low for the year again. The Shanghai Composite 50 Index, which represents the weight, fell nearly 4%.

The real estate sector has begun to show signs of explosion. The internal documents of a large developer have leaked out, requiring employees to fully accelerate the return of funds, and requiring employees to resolutely implement the strategy of "early sales, frequent sales, and fast sales".

At the same time, increase the collection of receivables and make every effort to obtain a pre-sale license.

The good days of real estate are coming to an end.

Looking at the performance of A-shares in the first half of the year, it can be described as horrible. The Shanghai Composite Index fell by 13.90% in the first half of the year, the Shenzhen Component Index fell by 15.04%, and the ChiNext Index fell by 8.33%.

In the first half of the year, among the 3528 stocks in the two cities, 2916 fell, accounting for 82.65%, and the median decline was 20.13%.

Within half a year, the stock with the largest decline was as high as 85.63%!The number of net-breaking stocks has also reached a record 194, and the largest record of continuous limit-downs in the style of a one-word broken soul knife is 30 limit-downs!
In the first half of the year, the number of IPOs was only 63, only 14.38% of last year's total; 63, in later generations, at the peak time, it would take half a month to survive.

A series of data have shown how miserable the A-shares were in the first half of the year. Under such circumstances, the 6.58% retracement rate of Junshi Investment in the first half of the year is not difficult to be accepted by the market.

The decline on the first trading day in the second half of the year did not stop the Junshi Department from continuing to buy bottoms at Ningwang and Sino-Singapore Communications. The trading team is still trading as planned.

At present, Gu Junhao can be sure that these two stocks are the bottom trend; he has no other ideas except to increase his position.

It's so high-profile!It's such a good deal!

　Since the chapter of being blocked, the writing has been a bit shadowy. . .

　　
　
(End of this chapter)