The Road to Rebirth Finance

Chapter 75 Shanghai-Hong Kong Stock Connect

Thursday, June 2014, 4.

News came from the Boao Forum that it will actively promote the interconnection mechanism between the Shanghai Stock Exchange and Xiangjiang stock trading, and establish a two-way opening and healthy development of the Shanghai Stock Exchange and Xiangjiang capital markets.

"A certain person (big V)'s speech, you should pay attention to it." In his previous life, Gu Junhao had always regarded the speech of a certain person (big V) as a counter indicator.

Whenever he speaks, either on the same day or the next day, the market or individual stocks will fall rapidly.

At that time, I had a position, which rose for two or three months, and the increase also reached 50%. As a result, someone (big V) made a speech that affected the relevant sectors, and the increase disappeared in just one week.

This was the first time Gu Junhao felt the power of market news, and he was deeply impressed.

However, he should be talking about the Shanghai-Hong Kong Stock Connect. In my impression, the Shanghai-Hong Kong Stock Connect was opened this year. In theory, it is good for the market.

While waiting, at 25:2105.88, the two cities called a call auction to confirm the final quotation. The Shanghai Composite Index opened at 1374.61 points, and the ChiNext Index opened at [-] points. Both cities continued to open higher.

Daifuku Technology opened lower today, at 25.49 yuan, a drop of 1%.

"It seems that I still don't want to be too far away from the [-]-day line. It seems that I still need to adjust today." Gu Junhao stared at the board, thinking about how he should operate.

At the close of yesterday, due to the large increase of Daifuku Technology, the current stock price deviates from the [-]-day line by more than one yuan. Judging from today's opening, the main funds want to cool down a bit, and take advantage of the rise of the two markets to make another wave?
However, it is also possible that some hot money inside can't stand the adjustment and plans to be out.

"Let's adapt to the situation. The GEM index should test the pressure level today. The probability of passing it directly is not high."

The two big negative lines at the top are locked in the market. If you want to pass the pressure level directly, unless the volume is exploding, but the Shanghai Composite Index is also opening higher. In the absence of external incremental funds, there is pressure to divert funds on the market. The probability of going directly through the pressure position is relatively small.

At 2100:2098.08, the trading started. The Shanghai Composite Index opened higher and moved lower, and the index turned green, but it remained within a narrow range of shocks. The lowest point was only below [-] points, reporting at [-] points.

The performance of the Shanghai Composite Index was mediocre, and funds entered the GEM one after another. I saw that the GEM index rose rapidly. At 0.7:[-], the increase had exceeded [-]%.

Daifuku Technology continued its own independent market trend. After opening lower, it continued to drop, and reported at 35 yuan at 25.08:1.8, a drop of [-]%.

"It looks like it's still an adjustment today, but the GEM index should be able to receive four consecutive positives."

If the Shanghai Composite Index continues the trend in early trading, there is a high probability that some off-market funds will enter the GEM, and the principle of buying up and not buying down is still suitable for most people.

At ten o'clock, the GEM index rose by more than 1%, less than 20 points away from the pressure line on the 7th. After half an hour of shocks at the opening, Daifuku Technology also rose to the opening price again.

At 26.18:[-], Daifuku Technology rose slightly, and its stock price turned red, at [-] yuan. The GEM index was undergoing corrections and adjustments.

"It's really that when the index rises, it pulls back, and when the index pulls back, it rises." From the time-sharing chart, Daifuku Technology and the GEM index present a situation of alternating rises.

This situation lasted until the noon close. The GEM index was at 1393.67, up 1.69%, while standing on the 20-day line, while Daifuku Technology closed at 26.05 yuan, up 1.08%, slightly underperforming the index.

At the same time, the Shanghai Composite Index has also risen to a flat position, and a cross Yin line appears on the K line.

At the close of noon, heavy news came from the market. The China Securities Regulatory Commission and Xiangjiang Securities and Futures Firm jointly issued an announcement to launch the Shanghai-Hong Kong Stock Connect rules. The total quota of Shanghai Stock Connect is 3000 billion yuan, and the daily quota is 130 billion yuan; billion yuan, with a daily quota of 2500 billion yuan.

"I went, I thought the GEM was lucky to stand on the 20th line today, but it seems that today is hopeless." Gu Junhao was also speechless when he saw the news.

The detailed rules responded so quickly, it should have been prepared a long time ago. It seems that the funds will flow back into the Shanghai Stock Exchange in the afternoon. The opening of Shanghai-Hong Kong Stock Connect will undoubtedly benefit some large-cap blue-chip stocks and AH dual-listed stocks.

Funds have entered the big blue chips, and the small and medium-sized caps with high valuations are bound to be left out, and the risk of a correction on the GEM has also become more intense.

At the opening of the afternoon, the big blue chips in the Shanghai Composite Index rioted collectively, and the large financial sector listed on the Shanghai Stock Exchange led the rise, quickly pulling up the broader market index, and related stocks with negative premiums on AH shares rose by their daily limit.

At the same time, the GEM index dropped rapidly from above the 20-day line, falling by more than 0.5% in half an hour. However, at this time, Daifuku Technology moved up, and the stock price quickly rose from 25.93 yuan to 26.70 yuan, an increase of 3.59%.

"There is something wrong with this amount. The amount raised is not as large as the amount that ran away in the morning. There are no big orders." The strange performance on the board of Dafu Technology also attracted Gu Junhao's attention.

Although he is optimistic about his stock price rise in the long term, the sudden news of the opening of Shanghai-Hong Kong Stock Connect is obviously bad for small and medium-sized enterprises, and it is impossible for Daifuku Technology to have no reaction at all.

"Small orders are drawn and big orders are issued. This means that part of the funds want to run away." After observing for another 10 minutes, Gu Junhao also decided to follow the trend.

At this time, Daifuku Technology is still in the process of pulling up, but there are some small orders of less than 1000 lots, but the selling orders are getting bigger and bigger.

"Sold." When the stock price of Daifuku Technology hit 27.39 yuan, an increase of more than 6%, three orders of more than 2000 lots appeared on the market in an instant.

That being the case, let's help out. Gu Junhao also has 3000 lots of Daifuku Technology in his hand, and he directly listed the price at 25.77 yuan, and fled quickly.

A flat price does not mean a transaction at a flat price, it is a transaction based on real-time buy orders, large and small buy orders digest Gu Junhao's 3000 lots of Daifuku Technology.

After the last sale order of 27.03 yuan was completed, Gu Junhao’s 3000 lots of Dafu Technology were also successfully cleared, with an average transaction price of 27.10 yuan and a return of 813 million yuan of funds.

It was already two o'clock at this time. This time, Daifuku Technology did not choose to go against the GEM index, but fell back as quickly as the index.

At 26.49:2.79, Daifuku Technology fell to 15 yuan, the increase narrowed to 3.5%, and the drop was as high as 5% in [-] minutes, which appeared in the forefront of the [-]-minute drop within the day.

At 26.18:[-], Daifuku Technology fell to [-] yuan, and the ChiNext Index also fell below the intraday yellow moving average.

"Looking at the amount of sales, I have to wait until the closing call auction to get them back. I can't stop it." Gu Junhao looked at the falling Dafu Technology and thought.

Daifuku Technology did not stay at the red market price for long, and the decline in late trading accelerated the panic of funds in the market. At 02:30, Daifuku Technology reported 25.08 yuan, and the decline returned to 2.69% again.

In just four or 10 minutes, Daifuku Technology went from a rise of over 6% to a fall of 2.69%. The shock and fall of nine points can be described as violent. Countless retail investors who rushed in from high positions are cursing at this moment.

At 35:25.08, after the price of Daifuku Technology rebounded slightly from 25.56 yuan to 5000 yuan, it was once again knocked down by a [-]-lot sell order.

The stock price fell to 24.70 yuan in an instant, and when the drop was as high as 4.33%, a big buy order finally ushered in. Four buy orders totaling nearly 8000 lots quickly pushed up the stock price.

The stock price quickly rose from a low of 24.70 yuan to 25.31 yuan. While it rose by 3%, the decline was also narrowed to less than 1%.

"Forget it, let's wait for the call auction before placing the order. It seems that it will fall back." The 8000 lots just now were not a direct purchase order, but divided into four. The main funds look good and don't want to raise the stock price too high .

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(End of this chapter)