Chapter 577 [Open Subscription for Seven Theme Public Funds]

the next day.

On Wednesday, March 28, the A-share market opened lower and moved lower, showing a unilateral downward trend throughout the day, without even a decent rebound.

There are too many bad news for the market this week. First, on Monday, March 26, the top management strictly controlled the "three public funds" and prohibited the purchase of cigarettes, high-end alcohol and gifts with public funds.

After the news was announced, almost all the baijiu sector went green the next day, and baijiu star stocks such as Mao Wulu plummeted sharply, and even Mao Li fell by more than 6 percentage points.

And yesterday, two new shares of the small and medium-sized board, Delian Group and Shouhang Energy Saving, were officially listed.

However, Shouhang Energy Saving broke the market immediately after its listing, which dealt a heavy blow to the hype, and the market's long-term enthusiasm is obviously fading.

Today, another news came out of the market and gave the market a heavy hammer. The IPO application of Zhongxin Heavy Industry Machinery Co., Ltd. plans to land on the main board of the Shanghai Stock Exchange and issue no more than 685 million shares. According to its prospectus, the initial fundraising About 6 billion yuan, this fundraising amount will become the second largest company in the fundraising amount of the companies attending the meeting this year after Xingyu Technology.

On March 14th, when the market hit a new high, the news that Xingyu Technology’s IPO raised more than 70 billion yuan was not only the direct factor that interrupted the market’s rise, but also one of the main factors. .

Today, another Zhongxin Heavy Industry management market reached out to ask for 6 billion yuan. As soon as the news came out, the market would die on the spot for you to see.

On the day when the news of Xingyu Technology's IPO was announced, the market index fell below 2,400 points.

The news of Zhongxin Heavy Industry IPO was announced today, and the market index fell below 2300 points.

As of the close, the Shanghai and Shenzhen stock markets fell sharply across the board. The Shanghai Index fell -2.62% to close at 2284.88 points; the Shenzhen Component Index fell -3.15% to close at 9531.15 points. The turnover of alloys in the two cities was about 150 billion.

On the next trading day, after the sharp drop, the decline continued again. The Shanghai Index fell -1.43% again that day, closing at 2252.16 points, and the lowest intraday dropped to 2242.34 points; the Shenzhen Component Index also fell -1.18%, closing at 9418.22 points .

Investors in the secondary market are almost all scolding, pointing out that the primary market is too ugly, no matter whether the market can bear it or not, IPOs are always billions, or even tens of billions.

The blood of stockholders is about to be drained, and they are not even willing to let the market breathe a sigh of relief.

However, the market has fallen sharply in the past two days, and under the atmosphere of pessimism among investors, Fang Hong's personal account is silently buying the bottom of the market on Wednesday, Thursday and Friday.

Big A is about to stage a car market. The market rose sharply in January and February, suddenly fell in March, rebounded again in April, and fell again in May, and directly came the long downhill road for seven consecutive months. A shares are either on the way to a new low or on the way to a new low.

Although the rebound in April was not as strong as it was in January and February, and it did not hit a new high, the strength of the rebound was barely acceptable. At least the market index also rose to a height of 2450 points again.

It is no problem for Fang Hong's personal account to intervene in the market, and it is relatively easy to get out.

But Qunxing Capital will definitely not enter the market in a big way because of this rebound, and it will not be able to get out. Including in January and February, the market thought that the strong rebound market did not enter the market in a large scale, but scattered in the layout .

Because some big votes have indeed reached the historical bottom, but not all the big votes will squeeze out of the historical bottom at a time node, so Qunxing Capital will intervene sporadically.

It gives people the feeling that there is a lot of enthusiasm for doing it, but not much.

Qunxing Capital's current layout of the A-share market, the gains from these rebound bands are all mosquito legs, I really don't like it.

At present, Fang Hong's layout for Qunxing Capital in the A-share market is directly locked in the super epic leveraged bull market in 2015. It will not open for three years, and the market will suffer for three years after opening.

In comparison, the current seemingly strong rebounds are really mosquito legs.

...

Thursday, April 5th, return after the festival.

During the holiday, good news was released: the PMI data in March rebounded for the fourth consecutive month; the central government also released the "loose" signal of monetary policy; the village also announced that the new QFII quota was 50 billion US dollars, and the new RQFII quota was 50 billion This means that the increased funds available for entering the market in the A-share market have reached 360 billion yuan, which is equivalent to direct "blood transfusion treatment" to the market.

Stimulated by multiple good news, Big A also ushered in a good start in April. The stock index pulled a +1.74% Zhongyang line that day, and the index also returned to the 2300 point mark, closing at 2302.24 points.

At the same time, on Thursday today, seven "Galaxy Theme" stock hybrid funds were officially launched and open for subscription and redemption. Fundamental investors can apply for investment through the official website of the fund company to which these public offering funds belong, or through Third-party platforms, such as Tiantian Fund under Dongcai, make subscriptions and investments.

These seven "galaxy-themed" public offering funds began to enter the market in the second half of last month, holding four targets in Ruihe Pharmaceutical, Weibo, ATL Technology, and Yixing Video. At present, stock holdings account for about 41% of the fund's total holdings, and the other 1% is held by the other six heavyweight blue chip stocks.

Obviously, the other six are purely used to make up the number, in order to make up the list of the top ten holdings.

The initial net value of these seven public offering funds is 1 yuan per share, and the net value after today’s update is 1.2879 yuan per share. The seven public offering funds have all risen by more than 7 percentage points today, and the highest one reached +7.72%. Since its establishment, its net value growth has increased by +28.79%, and investors who participated in the initial fundraising have made a huge profit of nearly 30 percentage points.

And today's seven "galaxy-themed" public offering funds soared, which also surprised the Christians who held the funds.

Because it shouldn't have risen so much.

The current holding ratio is 41%. Even if Weibo, Ruihe Pharmaceutical, ATL Technology, and Yixing Video have all reached their daily limit, the increase in net worth should only be about 4 percentage points. However, in today's market, this stock does not have a daily limit.

Weibo rose by +2.86%, ATL Technology’s daily limit, and Yixing Video’s daily limit recorded two consecutive boards. The stock price rushed to 287 yuan, approaching the historical high, and Ruihe Pharmaceutical rose by +6.52%.

As for the other six stocks that make up the numbers, even if they all hit the daily limit, they can be ignored. The total holding ratio is only 1%, not to mention that they haven't risen much.

On the second day, the Christians finally knew the reason why the net value of these seven "galaxy-themed" public offering funds collectively rose by more than 7 percentage points. Some media reported that these seven public offering funds received large-scale subscriptions with large funds. The fund subscription amount exceeds 500 million yuan.

It is precisely because of the sudden purchase by big funds that a profit of several million subscription fees was generated, and the profit earned by the fund was reflected in the increase in net worth, which led to the surge in net worth yesterday.

It means that the investors who raised funds earlier earned the subscription fee and management fee of these large funds.

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