Chapter 875 [The booming market]
Quantitative Capital's stock price moved up in late trading and closed strongly at the daily limit. It turned out to be good news.
It is rumored that a large number of wealthy people hope to entrust Qunxing Capital to help them manage their wealth. There are even tens of billions of super-rich people or wealthy families. However, Qunxing Capital has never been able to do so since it accepted funds from a group of coal bosses a few years ago. No new money was taken over from the rich.
Although Qunxing Capital did not take over, Fang Hong gave it a break and let its subsidiary Quantitative Capital do the business.
It is rumored that the current quantitative capital has been broken down by a large number of billionaires, all of whom are waving their banknotes and want to hand them over to Chen Yu to help them manage their wealth.
Although I didn't get on board with Qunxing Capital, there is not much difference in quantitative capital. The performance in recent years is also evident. Another important point is that it has long been said in the industry that Chen Yu is very highly regarded by Fang Hong. His investment management level was highly praised.
No matter what, as a capable person under Fang Hong's command, he will definitely take good care of Chen Yu. If anything goes wrong, Fang Hong will definitely come forward.
It was the emergence of this news that caused quantitative capital to explode in late trading and hit the daily limit.
As of the close, the surge in the Shanghai and Shenzhen stock markets ended. The Shanghai Stock Index rose +3.11% to close at 2763.54 points; the Shenzhen Component Index rose +2.98% to close at 9366.95 points; the ChiNext Index rose +0.84% to close at 1565.42 points.
The total transaction volume of the two cities reached 887 billion, continuing to maintain high transaction volume and high trading activity.
It is worth mentioning that the GEM index has been significantly weaker than the main board. In fact, the main board has been trending recently. People who play in the GEM index have basically not made any money, or they have not even outperformed the broader market index.
An important reason is that when Fang Hong commented on the stock market some time ago, he said that the concept of high valuation flows to the low valuation sector, and the GEM Index is the high valuation sector.
After all, the GEM index has doubled since last year, but the main board did not start to gradually perform until the second half of this year, and it has only begun to explode recently.
There is no need to elaborate on K God’s appeal. He said he wanted to work on the main board, and a large number of retail investors responded to his call.
…
The next day, Wednesday, December 3rd.
Today's Big A market has gone through several twists and turns. It opened slightly higher in the morning and fluctuated all the way up. The Shanghai Stock Index rose by more than 2 percentage points during the session, breaking through the 2800-point mark and setting a new high.
Just as stock investors were happily watching the market continue to rise, the trend took a sharp turn after 11 o'clock, and directly staged a big dive.
It turns out that something happened in the news. The villagers said that ETFs and futures are expected to be included in Shanghai-Hong Kong Stock Connect, but there are still technical obstacles for overseas funds to participate.
Affected by this news, the market index plunged.
Overseas funds represent incremental funds that cannot be underestimated along the way. This is an expectation that has been made from the beginning. If there are so-called technical obstacles, it means that this expectation will be disappointed.
As a result, the market panicked and fell. At around 13:20 in the afternoon, the Shanghai Stock Index plunged and turned green. The lower limit once expanded to more than 1 percentage point, and the difference between the high and low amplitudes was 3 percentage points.
However, it then staged a V-shaped rebound and closed in the red again.
Investors from all walks of life seem to have come to their senses and are panicking, this is a bull market.
Putting aside everything else, the 2 trillion yuan in wealth funds have not yet entered the market. Besides, there are technical obstacles to the participation of overseas funds, so it is not impossible to say that it will not happen.
So it rebounded quickly.
But the real reason is the continuous entry of OTC funds. Once the adjustment is made, a large amount of funds will be used to buy the bottom.
After the close, the market index closed up +0.58% at 2779.52 points. The total transaction volume of the two cities reached 957.3 billion, setting a new record for transaction volume. It is only one step away from the trillion-dollar transaction volume.
It is worth mentioning that today Quantitative Capital opened sharply higher by more than 5 percentage points. After retracing 2 percentage points at the opening, it rose again. In just over half an hour, the stock price rose to 316.75 yuan, an increase of + 10.00% sealed the daily limit and successfully advanced to the second consecutive board.
The company's market capitalization has also risen to 442.8 billion, and today it still maintains a trading volume of tens of billions. It is only about one daily limit away from the all-time high price of 349.05 yuan.
The stock price has rushed to near the previous high, and the pressure is not small. Today's transaction volume also reached a new high, reaching a huge 16.7 billion, ranking first in the stock transaction volume of the two cities.
The market value of Quantitative Capital is about a quarter of that of Xingyu Technology, but the trading volume of Xingyu Technology is only half of that of Quantitative Capital. It is obvious that the latter's turnover rate is more frequent and its volatility is relatively greater. .
…
In the afternoon, stay in the villa quietly.
In the living room on the first floor, Fang Hong was listening to Tian Jiayi's internal company material data report: "According to our internally compiled A-share market data and preliminary statistics, in terms of financing and stock index futures, from November 24 to now, the average daily financing buying The amount was 149.7 billion yuan, about 17% of the average daily stock trading amount during the same period. As of today's data, the balance of investor financing was approximately 850 billion yuan, compared with 403.4 billion yuan at the end of June this year, which has more than doubled the monthly financing amount. The stock index Futures holdings increased by approximately 75% compared to the end of last year.”
Fang Hong nodded and said nothing, Tian Jiayi continued: "As of November 24 to today's close, various professional institutional investors have made a total net purchase of 30.9 billion yuan, general legal person institutions have a net sales of 125.2 billion yuan, and natural person investors have a net purchase of 30.9 billion yuan. Buy 65.9 billion yuan.”
Tian Jiayi immediately emphasized: "In particular, individual investors holding A-shares with a market value of less than 100,000 yuan bought more."
Fang Hong couldn't help but smile when he heard this. His family's current appeal is really strong.
At the same time, Tian Jiayi continued to report the material data to him: "Shanghai Stock Connect investors bought a net 28.4 billion yuan. In addition, the cumulative quota used since the launch of Shanghai Stock Connect has exceeded 50 billion yuan."
Tian Jiayi turned over a page of materials and said: "Judging from investor participation, since November 24, an average of 100,000 new stock accounts have been opened every day, and the number of new accounts opened yesterday reached 179,700."
Obviously, OTC funds are entering the market in a big way, and a large number of new investors are opening accounts to enter the market.
Because in the first 11 months of this year, the average daily number of accounts opened was only 29,000, while yesterday it was close to 180,000, a six-fold gap.
Tian Jiayi added: "During the week from November 24 to 28, the number of A-share accounts participating in transactions was 26.72 million, an increase of more than half compared to the previous week, an increase of about 53%."
These data all show the terrifying appeal of God K, because the day before November 24th was the weekend, and Fang Hong made a critical comment on the A-share market on his personal Weibo account on this day, publicly expressing the big A for the first time. Entering the bull market stage, it is rare to see a bullish sign.
Immediately after the 24th, Big A surged, the Shanghai Stock Exchange Index exploded, retail investors rushed in, and OTC funds entered the market.
As soon as this data came out today, the number of accounts participating in transactions increased by more than half this week, which is the most intuitive reflection of Fang Hong's strong influence among the retail investors.
...(End of chapter)
