Chapter 323: Shanghai Stock Exchange opens at the daily limit, new investors battle old investors
Tuesday, October 8, 2024.
Jisilu temperature: 15.1, Shanghai Composite Index: 3674.40 points.
A-shares are making history every day.
Today, the Shanghai Composite Index, riding the wave of the National Day Golden Week, opened with a daily limit! Thousands of stocks hit their daily limit!
SSE 50 Index Futures, CSI 300 Index Futures, CSI 500 Index Futures, and CSI 1000 Index Futures all hit their daily limit.
Multiple trading software of CITIC Securities, China Merchants Securities and others have crashed.
Among them, the Shanghai Composite Index jumped high and directly broke through 3400 points, 3500 points, and 3600 points, opening at 3674.40 points, surging more than 300 points in one day!
Starting from today, in just six or seven trading days, the Shanghai Composite Index has soared by nearly 1,000 points, which is truly astonishing.
Breathtaking.
However, the good times did not last long.
After the opening, the Shanghai Composite Index began to fall, and until 10:30 minutes later, it started a round of fierce selling, with the lowest point falling to 3372.19 points. Hundreds of stocks were broken, and some even began to plummet and turn green. The price dropped by dozens of points in one day!
After that, the Shanghai Composite Index rebounded again and began to fluctuate around 3,500 points.
Today, the A-share all-day trading volume hit a new high.
At 9:50, just 20 minutes after opening, the trading volume of the Shanghai and Shenzhen stock markets exceeded one trillion!
At 10:19, the trading volume of the Shanghai and Shenzhen stock markets exceeded 1.5 trillion!
At 10:42, the trading volume of the Shanghai and Shenzhen stock markets exceeded 2 trillion!
At 14:08, the trading volume of the Shanghai and Shenzhen stock markets exceeded 3 trillion! A new record!
At 15:00, the trading volume of the Shanghai and Shenzhen stock markets exceeded 3.45 trillion!
During the trading session, the securities sector opened at the daily limit, opened for a while, and then closed again.
The real estate and liquor sectors weakened, and even several leading stocks turned green at one point (GZMT traded 35.1 billion throughout the day and closed down -1.43%).
Especially the real estate sector, Hong Kong stocks real estate sector plummeted across the board.
Among them, Vanke's stock price plummeted by -27.24%, cutting its high point in half.
Sunac China also plummeted -28.49%, also completing the task of halving the four-day high.
If I were to describe today's market in one sentence, it would be a battle between new investors and old investors.
Bulls and bears are fighting and calling each other stupid.
Starting from today, A-shares have officially entered the second stage of the bull market, and various sectors and individual stocks have begun to diverge.
The blogger still believes that at this stage, we should be careful with real estate stocks, especially liquor stocks.
What is certain is that in the subsequent bull market, these two sectors will most likely not be able to outperform other sectors, or even the Shanghai Composite Index.
Because, in the second stage of the bull market, performance is king, coupled with iron-handed guidance and speculation.
These two sectors are obviously unrelated.
It’s just a pity that with this big turnover, I don’t know how many leeks are hanging high on the branches.
The bull market is a wealth-making machine.
A bull market is also a place to harvest leeks.
Yesterday's news:
1. Window guidance from the management department: "Bank credit funds are strictly prohibited from entering the stock market in violation of regulations."
Good thing.
Great news.
This shows that the top leaders are very clear about the trends in the capital market.
After all, there is the precedent of the leveraged bull market in 2015.
Only by turning a fast bull into a slow bull can you last long.
This way, we can escape the fate of the A-share market, which will die if we grab it and become chaotic if we let it go.
2. Future investment directions.
No one can predict the future.
We can only make rough guesses about future market trends based on past experience.
Now, starting from today, A-shares have officially entered the second stage of the bull market, which means that the market has begun to diverge.
In the first stage of a bull market, sharp and general increases, especially those sectors with unreasonable increases, are most likely traps.
Just like in nature, beautiful mushrooms and gorgeous plants are most likely hunters.
Only these sectors have the motivation to sway their charming figures at the first moment and seduce new investors who are inexperienced in the world to take over their posts.
No matter how attractive those sectors that are about to shine in the second stage of the bull market are, they will be outshined by these goblins.
Looking back at the bull markets from 2005 to 2007 and even from 2014 to 2015, they were all artificial bull markets, whose main purpose was to solve "problems."
The former solves the problem of share structure separation.
The latter solves the problems of "double innovation" and economic downturn and insufficient domestic demand.
And this bull market is no exception.
It is also an artificial bull market, and it also aims to solve some problems unique to historical moments.
The blogger personally believes that at this unique historical moment, all problems cannot escape the background of the Sino-US dispute.
The problems that need to be solved by this bull market are also inseparable from this background.
At this historical moment when the East rises and the West falls and the hegemony changes, this historic bull market is to solve the urgent issues that need to be overcome in the great dispute between China and the United States.
Simply put, it is the "new quality productivity" that the upper echelons have repeatedly emphasized.
The blogger personally believes that there are three sections that need attention.
First: chip semiconductor operating system sector.
In this field, China and the United States are about to enter a historic moment of decisive battle. Our country will surely mobilize the whole country to win this technological war.
This bull market will definitely reflect this.
However, this field has undergone too many changes, and the price-to-earnings ratios of related companies are too high. The blogger has never been interested in it, and neither recommends nor invests in it.
Because the risk is too great, if you fail, you will suffer huge losses.
Second: the automotive sector.
The dispute between China and the United States is fundamentally an economic war and, in essence, a cultural war.
If we say that in the crown industries such as chips and semiconductors, my country is attacking the industrial heights.
So, in the automotive field, our country is going overseas on a large scale and is occupying the world's second largest industry.
Just look at the repeated tariffs imposed by the United States, Canada, and the European Union on my country's new energy vehicles, and you can imagine their fear.
What is even more frightening is what will happen in the next three years.
In the future, my country will occupy 50% or even 80% of the global automobile industry.
In other words, the automobile industries in Japan, Germany, and the United States can now prepare to dig their graves.
This will inevitably have a profound and far-reaching impact on the world economic situation.
3. Non-ferrous metal inflation.
If we say that the above two sectors may be the sectors that the top leaders want to promote to launch this artificial bull market.
Then, the big inflation sector is a typical example of speaking with strength and winning by performance.
In today's turbulent situation, oil prices remain high, and countries have begun to loosen their grip on the market. A surge in non-ferrous resources is on the horizon.
Performance and themes are the eternal topics in a bull market.
The former relies on strength and is the greatest common denominator of all investors. Just like handsome men and beautiful women are popular, it is human nature.
The latter relies on relationships. The purpose of the biggest dealer launching a bull market is to rely on burning money to burn out one or several industries.
And the leeks are the nutrients and the price.
No one will care.
Before I knew it, the market closed.
The Shanghai Composite Index rose 4.59% in the afternoon, closing at 3489.78 points. The total turnover for the day was 3.45 trillion yuan. With fierce battles between bulls and bears, trading volume hit a new high.
Those who are bearish take pleasure in other people's misfortune.
Those who are bullish are anxious.
I wonder, fellow stock traders, are you going long or short today? Are you going in or out?
With big shocks and high turnover, the differentiation of individual stocks has officially begun. Fellow stockholders, please use your hands to make money and send me a reminder for updates and a free gift for love.
Your support is my motivation to update.
Special thanks to Li Tong for the "God Certification".
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