Chapter 438 The hot money in the market has completely withdrawn!

At the same time, various core main areas such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance' and even 'big finance' are performing in the session today, as well as a number of related industry sectors, concept sectors, and a lot of market attention. Higher popular stocks also retraced across the board, with many stocks giving back all intraday gains and at this moment, setting a new intraday low.

In particular, there are several popular stocks such as Beixin Road and Bridge, Beijiang Communications Construction, and Kumho Group.

At this moment, the stock price has not only given up all the intraday gains, but also fell underwater, hitting a new adjustment low. Among them, Beixin Road and Bridge has fallen by 5%, and is still expanding rapidly.

Then, when the time entered 2:50, the market ushered in the last ten minutes of trading.

After the decline of Beixin Road and Bridge reached a minimum of 25%, it finally rebounded sharply. At this moment, other popular stocks and popular main lines in the market also ushered in a larger amount of bargain-hunting funds, and the stock prices of related stocks began to rise. Rapid recovery from intraday lows.

At 2:51, the Shanghai Stock Index returned to 2245 points.

At 2:53, Beixin Road and Bridge's decline rebounded to 5%, and the Shanghai Stock Index climbed to 37 points.

At 2:55, the real estate sector rose back to 2%, Kumho Group's stock price turned red again, and the Shanghai Stock Index rose back above the 2250 mark.

Finally, when the market closes at 3 o'clock...

The Shanghai Index was fixed at 69 points, up 73%. The Shenzhen Index and the ChiNext Index rose 79% and 87% respectively. The turnover of the two cities was 3.2 billion. They continued to maintain a state of relative shrinkage, but they still maintained relatively active market trading. above the 100 billion mark.

As for the main lines of the market, industry sectors, concept sectors, and the performance of related popular stocks.

Although the core main lines of 'infrastructure', 'state-owned enterprise reform', and 'Internet finance', as well as their related industry sectors and concept sectors, all suffered sharp dives in the late trading stage, in terms of closing results, these main lines Relevant industry sectors and concept sectors are still leading the gains in the two markets. They are still the most eye-catching areas in today's market and have a slight money-making effect.

Among them, related popular stocks...

Beixin Road and Bridge's final closing fell by 35%, Beijiang Communications Construction's final closing fell by 19%, Kumho Group's final closing rose by 78%, China Fortune Land Development rose by 13%, Gemdale Group rose by 45%... Overall, the overall performance was still slightly stronger performance in the market.

As for the relevant industry sectors in the "big financial" field that were once highly anticipated by investors, stimulated by the good news of "Shanghai-Hong Kong Stock Connect" before the market opened, such as "securities, banking, and insurance", and the performance of their related core component stocks. , are far less than the expectations of market investors, and have become the area with the largest net outflow of main funds, the strongest money-losing effect, and the weakest relative trend in today's market.

Except, of course, that the performance of the ‘big finance’ sector is far below expectations.

In the main areas such as 'military industry', 'non-ferrous metals', 'coal', 'pharmaceutical' and 'consumption', the performance of related industry sectors and concept sectors is also weak. Especially in the field of 'military industry', there are signs of heavy volume declines. , leading the decline in all industry sectors in the two cities, forming a sharp contrast with yesterday's main line bucking the trend and rising sharply, leading the way.

Today, there was some performance in the session, especially near the midday session and early afternoon session. There was a short-term concentrated rise in the two main lines of the small and medium-sized board, GEM, "mobile Internet" and "smartphone industry chain". The 'growth stock' sector, however, failed to continue its strength to the close.

At the final close, in this field, there were a number of core component stocks that performed well during the session.

They all took the form of sharp dives in late trading, almost completely recovering all the intraday gains, and returned to a weak situation, becoming the core main line area of ​​the two cities after the "big finance" field with a more obvious money-losing effect.

Overall, today’s market performance is good.

In the case of the positive stimulus of "Shanghai-Hong Kong Stock Connect" before the market opened, it was obviously lower than expected.

However, compared with the previous situation where the market investment sentiment was almost collapsing, it has significantly eased. The market's long investment sentiment has recovered slightly, and it has also shown certain signs of stopping the decline, which has made the market broad. Investors are no longer extremely pessimistic about the market outlook.

"Fortunately, the decline has finally stopped!"

Faced with such a closing situation, some people among the large group of retail investors who gathered for discussion on the online stock investment forum after the market breathed a sigh of relief and sighed.

"The decline has stopped, but the market is still like this under the impact of positive news. To be honest... it is obviously lower than expected."

"Indeed, the two consecutive waves of diving in the afternoon were still too violent."

"Hey, if it weren't for those two waves of diving, I feel like the index could be reversed."

"Obviously at the beginning of the afternoon session, the market was in a good mood for long positions. I don't understand why it suddenly collapsed?"

"I feel that the market's plunge mainly started with the failure of the Beixin Road Bridge to seal the daily limit."

"Yes, it started when Beixin Road Bridge closed its daily limit. Alas... this check is really powerful in guiding market sentiment."

"After all, Beixin Road and Bridge is still the core leading stock that attracts the most attention in the market!"

"It's a pity that this check, based on today's trend, is unlikely to have a 'dragon turns back' trend again."

"Indeed, the price of Beixin Road and Bridge was quite tragic today. Although comparing the opening and closing prices, the overall decline was not big, only 2 or 3 points, but the intraday amplitude was really scary, and it almost went to the ground. The trend, to be honest... I still don't understand why the daily limit of Beixin Road and Bridge was not sealed in such a good mood at that time. If Beixin Road and Bridge could seal the daily limit at that time today, maybe the market pattern today would be different. It’s completely transformed, and it won’t be what it is now.”

"Hey, I just thought that Beixin Luqiao was going to rise again, so I took over the increase of more than 7 points, but I didn't expect..."

"Beixin Luqiao's intraday amplitude is really big today, almost 20 points!"

"The main funds kill without blood!"

"Yes, this kind of rapid rise and rapid decline in the market is really a trap."

"Hey, I finally took over a leading stock in the market. In one day, I lost 11 points. What the hell... the short-term market truth of 'the strong get stronger' is a joke!"

"It's not a joke, it's just following the trend. There are obvious problems."

"The reason why Beixin Road and Bridge has been trending like this today is essentially because the market's bullish sentiment has not yet been unleashed, and there are too few main funds that dare to take over the market at a high level."

"It seems to be true. Today, a number of popular stocks that have attracted the most attention in the two cities are actually in quite bad shape. On the contrary, the conceptual components of the main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' are not so popular." The trend of stocks is obviously better."

"Well, it is true that the stocks that fell sharply today are concept stocks dominated by hot money."

"What is this indicating?"

"It shows that the active hot money groups in the market are taking advantage of the market rebound. Instead of increasing their positions, they are continuously reducing their positions and leaving the market."

"Let me go, hot money is thinking this way, does this mean that the market outlook is still worrying?"

"Originally, the market has not yet completed bottoming, and I really can't tell what the market outlook will be."

"The most miserable areas today, and the areas with the most obvious money-losing effects, are the popular stocks, big finance and military industries that have attracted the most market attention."

"Indeed, 'Big Finance' is really miserable, laying down layers and layers of funds that followed the trend in early trading!"

"The benefits of 'Shanghai-Hong Kong Stock Connect' were released in the morning. Everyone knew that 'big finance' would definitely be a hot spot after the market opened. Unexpectedly, under unanimous expectations, this line could actually go like this, and it almost became the main line leading the decline in the two cities. .”

“Is it normal for ‘big finance’ to be like this?”

"Is this normal?"

"Why is it abnormal? Market trends are inherently anti-human, and strong consensus expectations do not mean that the market will definitely rise. To be honest, the main line of 'big finance' was when the market continued to plummet. Relatively shouldering the heavy responsibility of the pallet, the overall decline is far lower than the main line in other areas of the market. Now that the market has gradually stabilized, it is normal for this main line to slowly make up for the decline. The so-called 'good news is a bad thing' is nothing more than this. "

"I won't comment on other opinions, but I agree that market trends are often anti-human."

"No one talks about 'military industry'? The performance of the main line of 'military industry' today is really miserable!"

"Indeed, yesterday's 'military industry' led the rise, and today's 'military industry' has become the main sector leading the decline in both cities. It's simply... there is no market continuity at all."

"This sector is designed to move with the news, so you shouldn't have too high expectations."

"No one has much expectations for the 'military industry' line, but what the heck... this trend is too weak. Most of the other major lines in the key market are shrinking and oscillating. This line actually appeared today. It bucked the trend of heavy volume and fell, and it still fell with heavy volume at a relatively low position. Can you believe it?”

"The 'military industry' line is inherently bottomless."

"Yes, if you look at the average valuation of all stocks in the 'military industry' sector, compared to the entire market, it is still high. In terms of investment value alone, it is simply ridiculously expensive."

"The overall valuation of 'military industry' should be the highest in the entire market, higher than a number of 'growth stocks' on the SME board and GEM."

“Actually, whether the ‘military industry’ sector is going well or not does not depend on valuation and performance.”

“The key is that the news is not good enough, and the market sentiment and risk appetite are at a low level. People prefer to invest in defensive sectors in low-valuation areas. There is not so much certainty, and the valuation is obviously at a high level. The so-called 'story tickets' are not so recognized, and the level of participation and enthusiasm for following the trend are not high. This is the fundamental reason why a number of stocks with high valuations continue to fall, and the stock price decline has never bottomed out."

"It makes sense. The current market, no matter whether it is large funds or small funds, is not very friendly to high-level concept stocks."

"So, it feels like the market hasn't bottomed out yet?"

"Yesterday the 'national team' protected the market, and today the regulators have introduced favorable intervention. Even if the market bottom has not yet reached, it should be the 'policy bottom' here, right?"

"It seems that it can be said that! According to the past historical performance of the market, after the 'policy bottom', it will be the market bottom."

"So, the market bottom is not far away?"

"It must not be far away, right? 2200 points is probably about the same."

"In short, I think the index has reached more than 2,200 points. No matter whether the market trend is worse than expected, there is no need to be too pessimistic."

"Originally, the increase in April and May did not increase much, and it is estimated that the decrease will not be too deep. No matter how pessimistic it is... the 2,200-point range is almost the same."

"The index does not feel like it will fall too deep, but looking at today's market trends, high-level concept stocks on the popular main line are still in areas that need to be strongly avoided."

"Yes, the check of Beixin Road and Bridge has fallen a lot at first, but if you look closely and zoom in on the K-line chart, you find that it has only fallen halfway through the whole round of speculation. The tide has receded... If this check is going to fall back to the original point of speculation If so, then it’s really… quite low.”

"Indeed, it is better to avoid the short-term first. The main hot money players are all leaving the market. At this time, if you take over the market from a high position and rush in without thinking, you will really dislike the hot money in your hands."

During the intense discussion among the many retail investors gathered about today's market...

The market time was also refreshed among many discussion topics and exchange information. With a quick swipe, it was 5:30 pm before I knew it.

At this time, the dragon and tiger rankings of the two cities were refreshed.

I saw Beixin Road and Bridge, Beijiang Communications Construction, Kumho Group, Shanghai Sanmao, Shanghai Steel Union, Hongdu Aviation, Shanghai Construction Engineering... and other popular stocks with high market attention on the list, and there was no trace of them. Not surprisingly, these stocks on the list performed relatively weakly during the session, and the main capital outflows on the market were very obvious. On the trading seats of the Dragon and Tiger List, all major hot funds showed a net selling state.

Especially the Beixin Road and Bridge stock...

The Dragon and Tiger list disclosed by it shows that the five largest selling seats have sold a total of 200 million chips, while the five largest buying seats have only bought 300 million chips. The total net sales volume has reached a terrifying 90 million, ranking Among the popular stocks on the Dragon and Tiger list, the net selling volume is the highest.

"Sure enough, hot money has shown a comprehensive withdrawal, and the market has still not been able to get rid of the weak situation."

Seeing the data of the Dragon and Tiger List disclosed by the two cities, at this moment, within the Yuhang Jingda Investment Company and the main fund trading room, the fund manager Lin Tingzong sighed softly and said with emotion: "It seems that the market is still far away from the real stage bottom. There is a distance, and it is even further away from the reversal of the long-short trend!”

"Are you so pessimistic?" Gu Chijiang, who was next to Lin Tingzong, smiled and said.

Lin Tingzong responded: "It's not pessimism, but the trend signs shown by the market. That's it. Today's trend... It seems that the index has stopped falling, but in fact, the market performance is weaker than the previous two days."

"Weaker?" Gu Chijiang was a little surprised and said, "Why do you say that?"