Chapter 215: Copper and aluminum relay, coal flying and dancing
Monday, March 25, 2024.
Early in the morning, Li Feng sent his child to school, carrying a thermos cup, and slowly walked towards the main room.
In March, when spring is in full bloom, the peach blossoms, apricot blossoms and magnolia flowers on both sides of the road are competing with each other in beauty, and the sidewalks are crowded with people, which is refreshing.
Before he knew it, he had walked seven or eight miles. Li Feng was sweating slightly and felt relaxed all over.
After entering the VIP room, Li Feng turned on the computer and began to browse the weekend news.
There is so much gossip.
The Shenzhen Stock Exchange initiated on-site supervision of CITIC Securities because the proportion of actual controllers in the prospectus of Liangang Optoelectronics, a company sponsored by CITIC Securities, was too high.
In response, the Shenzhen Stock Exchange sent a letter expressing doubts.
What is puzzling is that in their responses, Liangang Optoelectronics and CITIC Securities made excuses or even questioned why eight companies were able to successfully go public when the controlling shareholders held too high a proportion of the company's shares.
This is a direct slap in the face of the Shenzhen Stock Exchange.
Therefore, late at night on the 22nd, the Shenzhen Stock Exchange directly issued a document to conduct on-site supervision of CITIC Securities, the leading securities firm.
Upon hearing the news, stock investors began to watch the news with great interest.
Some gossipers even leaked some inside information, saying that the China Securities Regulatory Commission conducted off-site inspections of major funds in Beijing, Shanghai and Guangzhou a few days ago. The purpose was to target the collective price gouging of IPOs some time ago.
Investors are well aware of this matter.
Before the registration system, the price-earnings ratio of stock issuance was only about 25 times. Everyone would invest in new stocks to make some pocket money and to offset some losses. However, after the registration system was implemented, stocks that were originally worth only more than 20 yuan were directly inflated to 70 or 80 yuan. The issue price of stocks that were originally worth only 70 or 80 yuan was directly inflated to 100 or 200 yuan.
Now, what is left for secondary market investors is not profit, but mines.
For a large number of stocks, their performance changed drastically as soon as they were listed, and their share prices began to plummet continuously, sometimes even being halved within a few months.
The stock investors who won the lottery felt like they were shot and suffered terribly.
The grapevine also said that in this chain of interests, the prospective listed company, underwriters, institutions cooperating in quoting, and public funds work together tacitly. First, they drive up the company's issue price to a sky-high price, thereby achieving over-subscription of funds for the prospective listed company. Then, after listing, they cash out through margin trading and short selling to hedge risks.
In this way, the fund company has no risk, the underwriter can get more underwriting fees, and the listed company can successfully achieve over-subscription, killing two birds with one stone.
However, in order to "thank" the cooperating underwriters and these institutions, listed companies need to use 20% of the over-raised funds to take care of people in key positions.
The amount distributed to each person ranges from a few million to tens of millions.
The worst off are the shareholders who took over the shares. According to statistics, since 2020, the number of new stocks that have been halved, calculated based on the opening price, is now over 80%.
In addition, the Shanghai Stock Exchange also issued a warning to GF Securities because it violated regulations during the offline price inquiry process for its initial public offering of securities.
Undercurrents are surging.
After eating the melon, it was 9 o'clock.
The stockholders in the VIP room greeted each other and took their seats one by one. Xiao Bo also got a seat next to Li Feng.
Today, the Shanghai Composite Index opened low at 3040.50 points, and the market sentiment continued the situation of last week, which was somewhat bad.
Could it be that the Shanghai Composite Index will return to 3,000 points?
I vaguely remember that the Shanghai Composite Index hit 3,000 points for the first time in 2007.
If it falls below 3,000 points, it will be a big deal. It will be like going back to 17 years ago overnight.
After the opening, the Shanghai Composite Index fell to 3033 points, and then began to rise slowly. It turned red after several twists and turns. However, the non-ferrous metals, coal, and oil sectors began to rise violently against the trend!
China Aluminum Corporation took the lead, rising by more than 5%, directly setting a recent high of 7.32 yuan. Luoyang Molybdenum Co., Ltd. was not far behind, also taking the lead, rising by more than 6%, also setting a recent high of 7.98 yuan!
The surge in copper and aluminum prices has completely activated the non-ferrous metals sector.
Western Mining, Shenhuo Co., Ltd., and Yunnan Aluminum Co., Ltd. all rose by more than 4%. In addition, China National Petroleum Corporation, China National Offshore Oil Corporation, Zijin Mining, and Shaanxi Coal Industry followed closely behind, rising by more than 2%.
The coal is flying and dancing again.
"Increase, increase, increase! Good! Good! Good! Go! Go! Go! Go!" Xiao Bo was waving his fists and shouting excitedly, "Come on!"
"Brother, keep your voice down." A fellow stockholder next to him shouted.
"Hey, I've been losing money for three years. I finally made my money back. Can't you let me be happy? If I'm not happy, what if I lose again? I'd better be happy first!" Xiao Bo said with a smile.
"Is it really that serious?" Seeing Xiao Bo was quite excited, the stockholder walked over, looked over, and couldn't help but sigh, "Fuck, brother, you're really good! How did you pick the stocks? Why are they rising so well?"
This stock investor, wearing glasses and with sparse hair, seemed quite outgoing. His name seemed to be Lao Liu, and he must be a frequent visitor to the VIP room.
"It's just luck, just luck, haha, haha..." Xiao Bo said modestly.
"It's rising so much, it's rising so much, tsk, tsk, you have to treat me today, treat me... Why don't I have such good luck..." Old Liu stared at the computer screen with his eyes fixed.
Today, the Shanghai Composite Index rose by less than 0.5%, and theme stocks fell across the board, but sectors such as kerosene and non-ferrous metals soared. How can one not be jealous?
On this day, it's 5 points. If you look at it over a long period of time, the increase will be 40% to 50% in a few months!
He looked, sighed, shook his head, and felt a little shaken.
It seems that the non-ferrous metals sector has been incredibly strong recently. Should I buy some?
Should I buy it or not?
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Fellow stockholders, use your hands to make money and send a free gift of love.
Your support is my motivation to update.
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