Chapter 725: ‘High and low switching’ within the sector!

At 9:16, after just one minute of rapid market changes, the initial collective bidding pattern of the two cities at this moment became more obvious.

I saw that the popular industry sectors related to the two core main lines of "big finance and big infrastructure" opened higher across the board.

'Big consumption, non-ferrous metal cycle, petrochemical industry, coal, pharmaceutical business...' and other major industry lines that attracted a lot of short-term capital groups yesterday. The related industry sectors and concept sectors have basically all shown slight declines. The opening trend, especially the 'coal' sector, was affected by the continued decline of the black futures market last night, and it opened directly lower with a drop of more than 1%.

The performance of popular stocks, weighted core stocks, and industry leading stocks in two cities and one market.

'Huaxin Securities', a core stock with absolute weight in the main line of 'big finance' and even the securities sector, initially opened higher at a 79% increase. In terms of real-time market performance, active long orders were slightly larger than those of sell orders. of orders, the stock price showed an upward call auction trend.

'Hua Investment Capital', a popular leading stock in the securities sector, initially opened at a high of 08%, which is not very strong, but its performance on the market is very stable. The active bulls accepting buy orders are far greater than the concentrated sell orders. The stock price also showed a positive upward call auction trend.

The check of ‘Western Securities’ was opened at a 23% increase.

Its initial call auction increase is slightly stronger than the performance of the securities sector index at this time, but the long-short differences in the real-time market performance are not small. The number of orders to be matched is rapidly amplifying over time, but its stock price is in the number of orders to be matched. Amid the amplification, there is no further upward trend.

This shows that the initial call auction performance of this check is obviously not as good as that of ‘Huaxin Securities’ and ‘Hua Investment Capital’.

In addition to these three popular securities sector weight stocks.

Pacific Securities, Southwest Securities, Huaxin Securities, Xiangcai Securities...the real-time performance of these low-price securities stocks is also significantly stronger than the performance of the securities sector index.

On the contrary, such as Huashang Securities, Huatai Securities, Huatong Securities, Founder Securities...these securities-weighted large-cap stocks with generally large market capitalizations have real-time market performance that is significantly weaker than the performance of the securities sector index. The high opening range is basically within Between 5% and 7%, it is slightly inferior to the emotional performance before the opening.

As for the banking and insurance sectors in the main line of "big finance".

In the form of initial collective bidding, relevant core popular stocks, such as Hua Commercial Bank, Huajian Bank, Huanong Bank, Huaguo Bank, Bank of Communications, China Pacific Insurance, Xinhua Insurance, Ping An Insurance, Ping An Bank, China Commercial Bank, The core stocks of Shanghai Pudong Development Bank, Industrial Bank, etc. are obviously stronger than the heavyweight securities stocks, and the active buying volume on the market is also increasing more rapidly.

As for the main line of 'big finance', the 'Internet finance' sector has more active liquidity and flexibility.

The trend of related core stocks and popular stocks is still the strongest in the entire main line of "big finance" and even the entire two cities.

Among them, ‘Great Wisdom’ maintains the trend of opening higher than the daily limit.

‘Flush’ opened higher by 75%, and as time went by, the market’s gains continued to rise.

'Oriental Fortune, Hengsheng Electronics, Yinjie Technology, Changliang Technology, Jinzheng Shares, Tianyu Information, Shanghai Steel Union...' These relatively popular core stocks in the sector have opened higher at the moment and have an increase of more than 2%. , clearly outperforming the sector index, and active buying on the market is still increasing.

In addition, there are a number of popular stocks, heavyweight stocks and industry leading stocks in the core main areas of "big infrastructure", "military industry" and "technological growth".

'Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Construction...' and other infrastructure-heavy stocks with the prefix "Hua" initially opened higher, slightly weaker than many securities-heavy stocks. Most of them Between 4% and 6%, but there is also a relatively serious sell-off of the 'China Metallurgical Corporation' check, which has a short-term slightly lower opening pattern.

As for 'Beixin Road and Bridge, Shanghai Construction Engineering, Beijiang Communications Construction, Yingkou Port...' these past popular leading stocks in the core concept areas of 'Shanghai Free Trade Zone', 'New Era Road, Maritime Silk Road', now All stocks opened sharply higher, and none opened higher by less than 1%. Among them, "Shanghai Sanmao", a leading stock in the "Shanghai Free Trade Zone" concept, which saw a sharp decline yesterday, exceeded expectations. It opened higher at 22%.

The main line field of ‘military industry’.

Large-capitalization 'military industry' core weight stocks, such as aviation power, Northern Navigation, China Airlines Shenyang, China Great Wall, etc., have relatively large opening ranges and strong trends, while 'China Airlines Heavy Machinery, Hongdu Airlines, Aerospace development, blue stone heavy equipment, flying integration...these popular concept stocks in the main line of 'military industry', the opening trend of the initial call auction was relatively weak. Only half of the stocks opened significantly higher, and the others were not flat. Open means opening slightly lower.

There are a number of popular stocks and core weight stocks in the main line of "technological growth".

The trend pattern of the main line of ‘military industry’ is somewhat similar.

They are all stocks with relatively large market value weights, but their trends are stronger. Small-cap concept stocks that have been favored by short-term funds in the past are relatively weak.

Through such individual stock performance patterns...

It can be seen that the overall market pattern of the two cities is still focused on the main line areas of 'big finance, big infrastructure, military industry, and technological growth', and in the more core main line areas of 'big finance, big infrastructure', the path for funds to actively attack , a bit of a 'high-low switching' form, and in the main areas of 'military industry and technology growth', funds still prefer weighted core stocks with higher liquidity and certainty.

In addition to the performance in these main line areas.

Previously, in the market, the line of ‘sub-new stocks’ was once concentrated and continuously speculated by short-term funds.

The performance at this moment is obviously that the fever has subsided. The entire "sub-new stocks" sector index has only opened slightly higher by 23%, and within the sector, red stocks and low-opening stocks have basically reached a 50-50 open situation.

Of course, among them, the check of Huake Shuguang, the "sub-new big monster stock" that has attracted great market attention.

After hitting 17 consecutive daily limits, it still opened sharply higher today. At this moment, the market increase is at 99%, and there are as many as 490,000 trading orders planned to be matched on the market.

9:17, 9:18, 9:19...

The market pattern of the two cities, as well as the disk pattern, are still in this form and continue to deepen.

Gradually, several major industry sectors such as banking, insurance, and securities led the gains in the two cities. Commercial real estate development, construction decoration, building materials, public transportation, machinery and equipment...many "big infrastructure" core industry sectors ranked second, and then The two major industry sectors of Internet software and Internet applications are following the overall pattern.

As for the concept section.

The Internet financial sector led the gains, and a number of core concepts and themes such as "New Era Road, Maritime Silk Road", "Shanghai Free Trade Zone", and "Reform and Reorganization of Central and State-owned Enterprises" followed.

And when the time moved to 9:20.

When the two cities enter the real call auction stage where orders cannot be cancelled.

After a large number of false orders and cancellations between 9:15 and 9:20, I saw the market situation of the two cities...

The major industry sectors of banking, insurance, and securities still led the gains.

The two major industry sectors of machinery and equipment and public transportation stood out from the crowd of "big infrastructure" related industry sectors and ranked among the top five growth lists in the two cities.

After that, architectural decoration, building materials, commercial real estate development, Internet applications, and Internet software each performed well.

As for the low-level main line areas, the weak-performing "black" cyclical industry sectors of coal, non-ferrous metals, and petrochemicals have completely become the leading falling sectors in the two cities at the moment. On the relevant core-weighted stocks, funds actively sold The signs of selling chips are very obvious.

Overall, after five minutes of changes on the board.

The active buying situation in the market, as well as the active funds taking the initiative to take over the market, have further gathered towards the two popular main lines of "big finance" and "big infrastructure".

"Looking at this market pattern, the investor groups holding positions in the low-level main line areas of 'big consumption, non-ferrous metal cycle, coal, petrochemical industry, pharmaceutical business...' that had a short-term profit-making effect yesterday are all selling their chips at this moment. These The related industry sectors and concept sectors have completely become the leading sectors in the two cities." At 9:21, in the Magic City, inside Zexi Investment Company, in the main fund trading room, Zhou Kan, who had been observing the market, said with a smile , "The main line rotation logic of the market's 'high-low switching' should be completely gone by now, right?"

Xu Xiang squinted his eyes and chuckled: "The time was not yet ripe, so it is normal for funds to continue to flee from these unexpected cycle mainlines."

"However, I feel that the two core main lines of the market, 'big finance' and 'big infrastructure', have not attracted much funds from the low-level main lines." Zhou Kan paused and then said, "Like 'Huaxin Securities' , Huashang Securities, Huatong Securities, Huashang Bank, Huatong Bank, Ping An Bank, Ping An Insurance, China Pacific Insurance...'the call auction trend of these large market capitalization weighted stocks is not worthy of the bullish sentiment before the market. "

"I have said before that on the 'Big Finance' line, the accumulated profits and settlements are also quite heavy." Xu Xiang took over and said, "So it is not easy to continue to rise eagerly. It is possible, unless the market news continues to release major benefits, and the turnover of the two cities can quickly enter the era of 900 billion or even trillions.

this stage……

I estimate that there are two core themes of ‘big finance’ and ‘big infrastructure’.

Supported by the strong logic of future expectations and assisted by the fiery bullish sentiment in the market, it should be possible to gradually adopt a differentiated market trend. "

"Differentiated market conditions?" Zhou Kan was stunned and asked, "Boss, what do you mean?"

Xu Xiang said with a smile: "That is to say, the internal sector switching up and down. After the industry leaders and weight leading stocks that are the core of 'big finance' and 'big infrastructure' completed their initial surge, there were relatively large differences in the market. At that time, low-priced stocks in the same sector with less upward pressure should quickly make up for their gains, further repair the overall valuation, and continue to increase the investment value for money of leading stocks."

"Well, that's possible!" Zhou Kan listened to Xu Xiang's words and carefully observed the market. He found that within the main areas of 'big finance' and 'big infrastructure', the ones that performed better in the collective bidding stage were , it seems that they are indeed a group of unpopular stocks in the sector that have not risen much before. "Sure enough, funds are flowing like water. Wherever the investment is the most cost-effective, they will flow in quickly."

Xu Xiang responded: "Yes, this is called 'high-low switching'. The capital groups who guided the market yesterday were completely fooling around."

As the two of them talked...

The time has reached 9:25, and the collective bidding in the two cities has ended.

After the entire 10-minute collective bidding process, the two markets were still in a high-opening pattern.

The Shanghai Composite Index opened higher at a gain of 41%.

The Shenzhen Stock Exchange Index and the ChiNext Index opened 29% and 17% higher respectively, opening only slightly higher.

The A50 index opened significantly higher at 63%, while the small and medium-sized index only opened flat, still the weakest index among the two cities' core indexes.

And what’s particularly noteworthy is…

Among the opening performances of many indexes, the performance of each index futures.

The A50 index futures, which has just been listed on the second day, has already shown a premium. Its opening increase fell at 82%, which is significantly higher than the performance of the A50 index itself. On the market, investors hold In the net position, the number of long orders far exceeds the number of short orders.

This illustrates the group of investors who participate in stock index futures speculation or hedging.

Everyone is obviously more optimistic about the performance of the weight stocks of the two cities and the blue-chip stocks of the market. They believe that the market pattern of the two cities will continue to perform around the blue-chip weights of the main board.

In addition to index performance, the performance of popular main line areas in the two cities.

At this moment, the major industry sectors of securities, banking, and insurance still maintain their leading position in the gains of the two cities.

The securities sector opened 21% higher, the banking sector opened 79% higher, and the insurance sector opened 77% higher. The gains of the three major weighted sectors were all significantly stronger than the Shanghai Index.

Among them, the corresponding component stocks...

The check of Huazhong Capital finally opened at a higher position of 46%; Western Securities opened higher at a position of 26%; Huaxin Securities opened higher by 19%; Huashang Securities opened higher by 11%; Huatong Securities opened higher by 09 %; 'Southwest Securities, Pacific Securities, Huaxin Securities, Founder Securities, Industrial Securities...' These low-price securities stocks, as well as the low-price securities stocks whose previous growth seriously lagged behind the performance of the securities sector, have opened higher at 5%. The rising position, or opening higher than the 5% increase.

It is significantly stronger than the popular heavyweight securities stocks, as well as the two core leading stocks of the securities sector, "Huayin Capital" and "Western Securities".

Within the banking and insurance sectors.

This phenomenon and pattern can be said to be exactly the same as that of the securities sector, both showing a "high-low switching" fund preference pattern within the sector.