The Road to Rebirth Finance

Chapter 463 Boosting Market Confidence
Ning Wang’s second board, to a certain extent, drove the sentiment of the ChiNext and its concept stocks. The Shenzhen ZF’s rescue behavior on the weekend also drove the local stocks in the Shenzhen market.

At the opening of the market, a total of five Shenzhen local stocks collectively closed the board, and did not give retail investors any chance at all.

"It's too lonely. This way of doing things won't last long. It will be cold in a day or two, hey." Gu Junhao sighed.

If there is no change of hands, the probability of going far is relatively small, and the real rise has never been a straight board situation.

All monster stocks will have room to continue to rise only when there is sufficient change of hands. Other investors are not fools, so it is impossible for them to rush in and take over your offer.

Gu Junhao hates this kind of monotonous emotion, including King Ning's trend today.

However, Ning Wang didn't have many orders today. If there is a change in the market, the possibility of opening is still relatively high. Changing hands on the board and washing them again is the best trend.

Stocks must be fully changed hands. If Ning Wang changed hands sufficiently today, it would be a sign of a reversal.

The Shenzhen Stock Exchange's local stock collective single board, which was the benchmark today, ended today's market trend ahead of schedule. Short-term funds had nowhere to go and had to rush around.

At 9:45, the high-send transfer board moved up, and Huahong shares closed the board in a straight line, becoming the leader in the day, but this sector, which has been hit hard in recent years, obviously has not been able to drive the mood of the broader market.

At 10 o'clock, the Shanghai Composite Index reached its daily high of 2611.97 and began to turn downwards. Ten minutes later, the three major indexes of the Shanghai and Shenzhen stock markets began to turn green one after another.

"It's cold again, keep going to the bottom, today's market is the same, and the good news of the weekend will only last for half an hour, giving people a chance to escape."

The market has been frightened by last week's continuous sharp declines. Once the index starts to turn downward, it is no surprise that follow-up orders will emerge decisively.

This is probably also a major feature of the bottom and top areas. The behavior of intraday diving is very serious, and the repeated diving market tortures the unsteady crowd to sell.

At 10:40, the auto sector, which was weaker than the index in the early trading, accelerated the outflow of funds in the case of a unilateral decline in the morning. Changan Group fell 6%, and blue chips such as Shangqi fell more than 4%.

As a major consumer category, the automobile sector has experienced good growth last year. So far, like liquor, there has been no significant oversold situation, except for some weak stocks in the sector.

Looking at the performance of auto stocks today, today they will start killing the big consumer sector again.

Also, only when the big consumer sector has officially fallen in place can the Shanghai and Shenzhen stock markets be regarded as the real bottom.

It's a pity that after so many days, Gu Junhao still couldn't wait for Maotai's lower limit, and the price was still above 600 yuan, and even Wuliangye's price was around 60 yuan at the moment.

Baijiu is really strong, and its ability to bear the fall is nothing to say, which shows the deep participation of funds.

No matter what, Gu Junhao still wants to wait. The retracement rate of nearly 20% is still very good for such a concept sector with large trading volume.

At the close of noon, the three major diving indexes have all fallen close to 1%. The Shanghai Composite Index closed at 2586.25 points, a drop of 0.79%.

In the afternoon trading, the three major indexes did not soar again. Consumer stocks began to plummet across the board in the afternoon. Haier shares hit the limit in the afternoon, and the overall auto industry fell by more than 4%.

Ning Wang also opened in the afternoon, but the order received was good. It has always maintained an increase of more than 8% and fluctuated at a high level, and its performance was very strong throughout the day.

Against the market, such a strong stock is still very conspicuous. Among the holdings announced by Junshi Investment last Friday, the number one holding is still King Ning.

And on Saturday morning, Gu Junhao continued to maintain his view of singing more on the major social platforms. Today, King Ning's trend can be said to have slapped him hard.

Sino-Singapore Communications, another heavyweight stock, also performed very well today. Sino-Singapore Communications, which bottomed out at 14.50 yuan last Friday, finally reversed in a V shape.

Sino-Singapore Telecom, which had an amplitude of nearly 9% throughout the day, also rose by 2.83% in late trading, and its stock price returned to above 15 yuan, at 15.60 yuan.

Today's Sino-Singapore Communications also performed well. Sino-Singapore Communications, which opened flat in the morning, surged by more than 6% in the intraday session. Although it fell back significantly in the afternoon, it was also in a red market against the market.

At 1 o'clock in the afternoon, the whole day's trading ended. The three major indexes collectively fell by more than 1.5%. The Shanghai Composite Index and the ChiNext Index fell by nearly [-]%, both hitting new lows since last week.

Ning Wang, who performed brilliantly, was closed again at the end of the day. Ning Wang, who had a turnover of 13.6 billion yuan throughout the day, bucked the market with a daily limit, becoming one of the few turnovers on the market today.

China-Singapore Communications rose again by 2.37% today to close at 15.97 yuan. Two heavy positions bucked the trend and rose sharply, showing that the lowest position since this round was created last Friday.

Considering the decline in the index, these two stocks can actually be determined to have bottomed out early.

Especially Ning Wang, whose performance has exploded. Unless there are any accidents, the price of 59.51 yuan should be the lowest in history since he opened the market.

Compared with June 6, Ningwang’s lowest opening price on the first day was 22 yuan, with a retracement rate of only 63.49%!

However, compared with the highest point of 95.08 yuan, its retracement rate of 59.77% is quite terrifying.

Investors who bought at high prices must have been suffering in the past three months, even if they firmly believe in King Ning and have not cut off their flesh, right?

However, more investors should cut their flesh.

Many times, even if it is a stock that you firmly believe in, it will be difficult to hold on to it if you buy it at the wrong position and catch up with the downward adjustment stage.

Chasing high will ruin your life!

The market trend continued to fall, and investors lost confidence, forcing the national team to take another shot to maintain the index, and what they used was still big finance and two barrels of oil.

More than 40 stocks on the Shanghai and Shenzhen stock exchanges fell to the limit!
However, it is useless. In a market with no confidence, the more two barrels of oil are used, the more afraid investors will be.

The two cities have fallen to where they are now, what is needed is not the so-called maintenance of the index, but to boost the confidence of investors!

On the 16th, the Shanghai Composite Index fell by nearly 1% again. In the case of heavyweights such as Huada shares on the ChiNext Board, they fell 2.68% within the day, and the index closed at 1216.69 points.

Ning Wang, who had a daily limit yesterday, maintained a red plate oscillating throughout the day, but was also affected by emotions in late trading, closing with a 0.43% decline at a price of 68.85 yuan.

The GEM index is close to 1200 points, and it only takes one call auction before it falls below. . .

After nine and a half months of decline, the index returned to its position around July 9, which was also the starting point of the 2014-year bull market.

Everything has returned to its starting point, and the index has once again reached a historical bottom. A-share stocks that have suffered a heavy fall have exceeded 300 stocks with prices below three yuan, and the number has reached a new high in nine years.

As an investor who still stays in the market, don’t you know that this is a historic bottom?

Gu Junhao didn't believe that A-share investors could be so ignorant. There were many people who could see the historic bottom.

But except for the group of people who are deeply locked in, investors who hold currency on the sidelines still dare not buy the bottom even though they know that this is a historic bottom.

Everything stems from the lack of confidence. Without confidence, there is no confidence.

For example, the two barrels of oil that have risen today and the large financial sector headed by brokerages, Gu Junhao even feels that this is a deliberate blow to the confidence of off-market currency holders.

So what if it reappears yesterday, what about the new lows of stocks below [-] yuan, the currency holders have been scared out of their wits, and they dare not buy bottoms at all!

Although there have been various projects and policies to boost the confidence of the market, after all, there was much thunder and little rain. Apart from the tens of billions of funds provided by the Shenzhen Stock Exchange, there was no substantive action.

Just like the bailout after the 2015 stock market crash, the market at this time urgently needs a strong policy to boost market confidence.

Gu Junhao cannot give him this kind of confidence. Even today, after two consecutive trading days of decline, Gu Junhao still maintained a long view when interviewed by financial media.

When being interviewed by financial media, Gu Junhao said with certainty: "This is the bottom, and it is a historic bottom. Many high-value stocks have fallen too far below their due valuation. You can completely buy the bottom and wait patiently." !”

"If ordinary investors can't grasp the market trend, I can suggest that after you buy the bottom, delete the stock software and look at it a year later; of course, you should buy some high-quality stocks, such as new energy, medicine, liquor, etc. "

The media that Gu Junhao was interviewed today is a relatively authoritative securities newspaper in the industry and has a certain official nature in the industry.

It was probably a deliberate arrangement after seeing such a young fund manager with a large amount of cash flow making two high-profile bull calls in less than a month.

The next morning, on October 10, the official website of the China Securities Regulatory Commission issued a proposal to improve the stock repurchase system of listed companies and the solicitation of opinions has ended.

The first step in the bailout policy may start with stock repurchases.

From this point of view, the interview arranged for Gu Junhao is more like a part of the bailout policy; this interview may be a milestone interview for Junshi Capital.

In the autumn of 2018, Junshi Capital, which has been working steadily and painstakingly for nearly five years, finally became a force that cannot be ignored in the current domestic capital market.

　Chapter 3 is presented today. It’s gone today. It will continue tomorrow.
　　
　
(End of this chapter)