Chapter 617 [Primary and Secondary Markets Are Two Heavens of Ice and Fire]

Many institutions are very optimistic that the valuation of Xingyu Technology, a super large-cap stock, on the first day of listing will be around 4 yuan to 4.5 yuan. The corresponding market value is 1.1 trillion to 1.24 trillion yuan, and the corresponding intraday range The increase is around +57% to 77%.

Because there is no price limit on the first day of listing.

The price limit on the first day of IPO was implemented after January 1, 2014, and the highest price increase was 44% of the issue price, but there is no such regulation now.

In the long run, experts and many institutional analysts generally see Xingyu Technology's target market value at more than 2 trillion yuan, and the price per share is above 8 yuan.

Some analysts also believe that Xingyu Technology, as a super large-cap stock, has a comparable increase on the first day of listing with CCB and Shenhua. When Shenhua went public, it held high and fought high, and then pulled three consecutive daily limits all the way.

There are also institutional analysts who are super optimistic that the probability of Xingyu Technology doubling on the first day of listing is extremely high, and it is even expected to directly surpass Zhongyou Petroleum's 1.6 trillion market value on the day of listing to become the No. 1 in the A-share market.

Blowing on the performance and blowing on the fundamentals, blowing on the fundamentals and blowing on the future imagination space, in short, all kinds of blowing, all kinds of optimistic about this stock from all aspects.

The primary market is booming, and Xingyu Technology's IPO has become the most eye-catching event in the capital market.

How prosperous is it?

The total fundraising scale of the first IPO was 73.71 billion yuan, 63.71 billion yuan was allocated to offline institutions and large households, and 10 billion yuan was allocated to online new listings.

The total scale of frozen funds confirmed for offline purchases has reached 394.9 billion yuan, more than six times the subscription scale, and institutions are rushing to subscribe, eager to divide up the 10 billion new ones for retail investors.

However, compared with the 3.37 trillion yuan in total frozen funds for Zhongyou Petroleum's listing in the past, it is still nothing. No one has broken the record of Zhongyou Petroleum's IPO frozen funds.

But it can’t be generalized. Zhongyou Petroleum was in a super bull market when it was listed, and the market was super optimistic about Zhongyou. There were even people who said, “If you buy PetroChina, you don’t have to worry about food and clothing.” Jokes.

Now that Xingyu Technology IPO is listed, the big A is in the bear market stage, the liquidity is almost exhausted, and the market index is also at 2000 points.

Under such circumstances, it is already far beyond expectations to have close to 400 billion of funds to grab the 63.7 billion.

The primary market is booming here, but the secondary market is extremely crotchless.

After the weekend weekend, the A-share market traded sideways for two days. On Wednesday, September 26, the Shanghai stock index fell -1.24% and closed at a record low. It broke the integer mark of 2000 points and closed above 2000 points after the market.

There is no minimum, only lower.

The primary and secondary markets present a pattern of ice and fire, and many stockholders blame Xingyu Technology for the reason the market fell below 2,000 points.

The reason is that the company’s IPO almost drained the market of funds. Not only did no incremental funds enter the market, but some funds were withdrawn from the market to rush to apply for the initial fundraising of Xingyu Technology.

Look at the 400 billion funds that are almost frozen now.

What I have to say is that to a certain extent, it does have a siphon effect on the secondary market. Some institutions or large households originally planned to buy stocks in the secondary market with their money. He changed his strategy and went to apply for this stock first.

Including some large investors or institutional investors who hold stocks on the market, they may also go out to subscribe for the IPO of Xingyu Technology. The total frozen funds of nearly 400 billion are the most intuitive data.

Because the current market value of 700 billion is not overestimated, it is definitely seriously underestimated.

The sales volume of S3 mobile phones is rising steadily, and the company is still adding orders for chip processors, opening up new expected space.

Investors in the whole market are very convinced that the total market value of Xingyu Technology is definitely trillions. Some experts and institutions may say that it is too much to exceed 2 trillion, but now the market value of 700 billion is absolutely bought. Earn, and there are double expectations.

This kind of business with a high probability of making money naturally broke through the threshold to grab funds and competed to participate in the purchase.

It's just that, suffering from the secondary market, when Wednesday fell sharply, the trading volume of the Shanghai stock index was only a pitiful 38.4 billion for the whole day. There is no external incremental funds at all.

...

The following day, Thursday 27 September.

When the shareholders of Big A were desperate, incremental funds began to enter the market in the afternoon to protect the market.

And these incremental funds entering the market to protect the market are obviously Qunxing Capital, which is both protecting the market and buying bottoms. Since the index reached around 2000 points, Qunxing Capital has been gradually buying bottoms and continuing to buy.

As one of the super main players in the market, Qunxing Capital does not take a day to build a position like small retail investors.

Qunxing Capital is not what it was two or three years ago. The amount of funds today is not the same. This layout is also for the epic bull market in 2015.

To complete the layout of Qunxing Capital, it will take at least one to two years to complete the action of building a position at the bottom.

The strategy of building a position is that the executor abandons me and takes it. If you are willing to cut meat in this position, I will take it. If you don’t cut it, I will wait. The index is too low, and it will be pulled up from time to time. The village is also happy, and at the same time The turnover rate also came out.

It is no exaggeration to say that with the current liquidity held by Qunxing Capital, if the hard pull and dry pull regardless of cost can really lift the entire A-share market from the current 2,000 points to over 3,000 points within a month There is no problem.

But this kind of "bringing good people" is obviously not to be done, and this kind of thing can only exist in theory.

...

At around 13:15 in the afternoon, the brokerage sector moved up and continued to rise for 15 minutes, leading the market index to rise in a straight line. At around 13:30, the Shanghai Index once rose by more than 3 percentage points, and the Shanghai Index rushed to 2068 points.

This is Qunxing Capital is protecting the market, and by the way, it is constantly increasing its holdings of chips while protecting the market. Buying with eyes closed near 2000 points is over.

To protect the market, close your eyes and pull the financial three fools and you're done.

As of the close, the Shanghai stock index rose +2.60%, closing at 2056.32 points, and the trading volume can be regarded as releasing more than 20 billion yuan compared with yesterday's land volume.

Today, if Qunxing Capital does not come out to take the lead in going long, the market index will probably go below 2000 points.

On the second day, Friday, September 28, today is the last trading day before the National Day.

In the morning, the stock index opened low and went high, following a unilateral upward trend. After the market, it closed up +1.45%, closing at 2086.17 points. It was the incremental funds of Qunxing Capital that acted as the bullish flag-bearer to push the index upward.

More than 15 billion entered the market today, and more than 17 billion entered the market today.

The rebound of the two Changyang lines can be regarded as a small and stable holiday for stockholders.

...