The Road to Rebirth Finance

Chapter 453 Factors Restricting A Shares
The last time A shares were traded, there was a wave of daily limit within a day, and it was the last time.

For more than half a year, it has been really difficult for investors.

Although the shouts of the regulators drove the sharp rise this Monday, their effect is far less than today.

The reason is still related to the lifting of the ban on China-Singapore Communications today.

The final trend will still be the same as the previous few months, rising for more than half a month, and falling completely within a few days.

In the past ten trading days, the Shanghai Composite Index has gone out of the intraday Changyang trend for three trading days, but the index is still stable and downward.

The high point is getting lower and lower, and the low point is refreshed frequently. This is also the ecological environment under the big bear market. Any rebound is for shipment, and by the way, look for low point support.

As a professional investment institution, the actual controller himself is very familiar with the final trend of this year. Under the premise of BUFF bonus, he will naturally not make the mistakes that ordinary retail investors make.

Junshi's major trading teams all strictly implemented Gu Junhao's flexible position operation mode. If there is a big rebound, a part of the position will be reduced, and when it falls to almost the support, the position will be added back.

Anyway, with this year's market trend, there is no fear that any stock will sell off at all. Even the best-performing stocks will have a relatively deep correction at a certain point in time.

If you earnestly implement your own plan, you can’t actually do it in a bear market. The reason why Jun Shishi Investment has withdrawn for three consecutive months is because there are relatively large restrictions on its positions.

There is no limit on positions, retail investors with small funds, in a bear market, use a cautious attitude, a small part of the positions participate in the band rebound, stop profit if there is a certain profit, and wait for the next opportunity.

Once you encounter a downward trend or stagflation, you must not hesitate to come out first and wait for the next opportunity.

This way, you won't lose much money, but retail investors will really lose a lot of money in a bull market.

At 09:30 in the evening, the net value of the intraday fund of Junshi Investment was also officially refreshed, with a daily increase of 3.52%, and the net value returned to above 2.5, reporting 2.5177.

The sharp rise within the day is roughly the same as the judgment of investors. Although the positions in the second quarter have not been updated, it can basically be seen that Junshi’s positions in the first quarter have not changed much.

Sure enough, this Friday, after the market closes on July 7, Junshi Price Investment's updated second-quarter holdings are still dominated by the main allocation of medicine + technology.

The biggest change in the specific holdings compared with the previous quarter is that in addition to the addition of China-Singapore Communications, Ning Wang has also been added.

The positions of these two stocks have almost reached the top allocation within the rules of public funds, close to 10%!

Sino-Singapore Telecom continued to gain 5.94% today, the stock price closed at 14.10 yuan, and the daily trading volume was enlarged to 62.6 billion yuan. Ningwang fell back today, and the stock price fell 2.44% to 82.70 yuan.

Because of the previous placards, Sino-Singapore Communications appeared in the position, and the position is very heavy, which is understandable to everyone.

However, no one thought that the newly listed King Ning and Junshi would have such a heavy position.

"Fuck! Brother T, what are you planning to do? Are you going to start building positions? These two stocks are almost fully bought."

"China-Singapore Communications now proves that Brother T's choice is correct, what about King Ning? Is King Ning's position a bit high?"

"The new shares will have to go through a period of decline. Didn't Ning Wang rush down today? Could it be that Brother T has lightened his position?"

"It's not impossible. When Brother T first took over the fund, he just bought a bunch of new shares, and ran away after making money."

"But fortunately, Brother T's overall position is still in medicine and technology. It seems that this year's market is like this."

"Brothers, have you noticed that Zhongguo Software, which brother T holds, is doing well? It has doubled from a low of around 2 yuan in February to a high of around 11 yuan. It's back to over 26."

"It's really good. This stock has gone out of the trend. It's really amazing. Brother T bought Hengrui too. I found that Brother T's team is very good at picking stocks."

"That's necessary. Brother T was very good at picking stocks before, and now he has a professional team and a lot of money. Just buy, buy, buy."

"The current position is a bit high, right? He looks pretty good, but he dare not buy it. Forget it, I'd better hold on to the fund. I really dare not buy stocks this year. I bought one and lost one. "

"Brother T's fund, which I bought at a high point, lost a maximum of 8 points. I have been investing regularly, and now I have made a small profit on my return. It is better than stocks. Stocks have lost 30% this year."

"It's only a 30% loss. I lost half this year. MD, I don't know when I can get back my money. I just rely on Brother T's fund to get back some blood."

"Hey, Brother T's fund is not doing well this year. It would be nice if it was like the previous two years, but it is already pretty good. This year it only lost less than 7 points, which is pretty good."

"I don't dare to move anymore. The recent position of 125700 has not been very high. I am going to wait for his position to increase, or Brother T to let go of the purchase before entering."

"+1, stocks and funds are short positions, and the recent rebound can't be grabbed. The ups and downs of technology stocks are really unbearable."

"We weren't there when it went up, but we were appointed to be there when it went down. The market is really frustrating."

"Give me your money, I won't play anymore!"

"GDP will be released tomorrow. I don't know how the data will be. I hope the data will be better."

"The data, it must be good, it goes without saying, but what does this have to do with my big A?"

What is said in the comments is true. The quality of a single item of data is indeed not enough to change the current situation of A shares.

The factors currently restricting A-shares can be mainly attributed to four categories: the United States is currently in the cycle of shrinking its balance sheet, and emerging markets such as ours will bear great pressure on capital flow, which is specifically reflected in changes in exchange rates.

The second is the current friction between the two parties. There is still a lot of uncertainty. It is almost impossible to ease the relationship in a short time.

The third is that the deleveraging of the financial market is still the general direction of supervision, the rules are constantly changing, and the market is constantly adapting.

In addition, in terms of monetary policy, unlike the easing during the bull market stage from 2013 to 2015, monetary policy has actually been biased towards tightening.

The fourth is that the current economic prosperity is relatively flat, with deleveraging, capacity reduction and financing difficulties for most enterprises, there are not too many bright spots in performance, but there are many land mines, which is also an important factor restricting the rise of A shares.

It is not an exaggeration to say that the report season is thunderous every year. There are always some companies that will hand over unbelievable performance data.

Some more conscientious brokerages have also given risk warnings, suggesting that investors control their positions and wait patiently for a turning point.

These brokerages believe that the current A-share market is more inclined to rebound, and it is necessary to control a certain position to participate.

Of course, there are also unscrupulous ones. At this time, they are still promoting the big financial sector. Fudge investment said that the valuation of the big financial sector is low. In fact, there are quite a few recommended by the brokerage sector. It can be said that Wang Po is selling melons and boasting.

It is really speechless to push brokerage firms in a bear market.

Fortunately, today's ordinary investors have become smarter, and they can't be fooled anymore. In the past three years, they have seen all kinds of fancy tricks. If they weren't really stuck, many people would have already been short positions. status.

The next day, the GDP data was officially released. In the first half of this year, it grew by 6.8% year-on-year, and in the second quarter, it grew by 6.7% year-on-year. Compared with the first quarter, the growth rate slowed down by 0.1 percentage points.

At the same time, the data on real estate development investment in the first half of the year was also released. From January to May 2018, the growth rate of real estate development investment was 1%, while the growth rate in June was 5%, a drop of 10.2 percentage points.

It can also be seen from the data that real estate has entered a high-level game range, and housing prices have indeed risen too fast in recent years.

Housing prices have also been a hot topic among ordinary people in the past two years. Even Junshi's internal employees believe that the boss has taken over at a high position and spent 1.5 million to buy an office building.

However, apart from feeling that the price is expensive, everyone has no feeling about the boss buying an office building. After all, the boss is really rich, and it is really easy to win his own office building for 1.5 million.

There is an office building belonging to our company, complete supporting facilities, and convenient transportation. There is no need to worry about parking spaces anymore, and the experience of going to work is naturally enhanced.

At the same time, this is also a symbol of the company's strength. Now Junshi Capital is a well-ranked company in Beicang and even in Yongcheng.

Holding a large amount of cash flow and good employee benefits, such a company must have its own office building to match its due status!
The employees are also looking forward to the new office building. The office building is currently under overall renovation and is expected to be officially moved in at the end of the year or early next year.

Although the performance of the two funds this year is not as good as last year, due to the return of a large amount of cash flow, the treatment of ordinary employees has improved, which makes everyone look forward to moving into the new office building.

Speaking of which, the turnover rate of Junshi Capital is still relatively low, even in the first few months of the company's establishment, when management and other aspects were relatively chaotic.

All of this is inseparable from the company's benefits; most employees, for the sake of money, can hold their noses and persevere, let alone now.

In private enterprises, whether an employee is promoted or not is a matter of the boss's words. Employees who don't have much contact with the boss care more about how much money they actually get.

If the money is sufficient, the turnover rate will naturally be low, and the work of the HR department will be relatively simple, and there is no need to remember to think about the troublesome things of preparing to recruit people all the time.

On the contrary, because of Junshi Capital's reputation, it is much easier to recruit people.

(End of this chapter)