Chapter 94: Thousands of stocks hit the daily limit on Thursday, and thousands of stocks hit the daily limit on Friday
Li Youjiang and his group blended into the night and disappeared into the distance.
Li Feng looked at the information in major stock forums for a while, then turned off his mobile phone and slowly fell asleep.
Thursday, July 9, 2015.
Arrived as expected.
The Shanghai Composite Index opened lower at 3432.45 points, -2.1%. In the green market, more than a thousand stocks were still suspended, and hundreds of stocks were still locked at the lower limit, which made investors nervous - is today another day to turn off the lights and eat noodles?
Yesterday's huge rescue efforts and favorable news were still not enough?
Could it be that A-shares are really a hopeless case?
No one is sure.
But just 15 minutes later, a surge of funds poured into the market, and two waves of increases pushed the Shanghai Composite Index directly from 3376 points, -3.73%, to 3597 points, +2.59%!
It was slightly around 3500 points and adjusted for more than an hour.
In the afternoon, there was another wave of upward movement, and the Shanghai Composite Index began to rise sharply again, 4%, 5%, and 5%, directly rising to 3748 points, prying open all the stocks that were blocked at the lower limit, and then rising again, and rising directly to the upper limit. The Shanghai Composite Index finally closed at 3709 points that day, up 5.76%, a surge of 200 points, and stabilized at 3700 points, with a trading volume of 673.3 billion.
Hundreds of stocks hit the ceiling.
The ChiNext Index was even more exaggerated. It opened at 2355 points and soared to 2400 points at 9:45, about 2%. In the afternoon, bottom-fishing funds poured in and the price directly hit the upper limit of 2435 points, 3.03%!
Among the top five weighted stocks on the ChiNext, Eastmoney hit its daily limit! LeTV hit its daily limit! Robot! Wanda Information hit its daily limit! Huayi Brothers hit its daily limit!
On that day, all 194 stocks that could be traded on the ChiNext board hit their daily limit!
There are countless stocks that have reached the ceiling, with a 20% increase in just one day!
Of the 1,309 stocks traded on the two exchanges, 1,273 hit their daily limit, while only two ST stocks fell.
CSI 300 Index Futures hit their daily limit! SSE 50 Index Futures hit their daily limit! CSI 500 Index Futures hit their daily limit!
The short sellers suffered a complete defeat.
Thousands of stocks hit the daily limit!
Looking at this astonishing scene, countless investors exclaimed in surprise, and could hardly believe their eyes. When they came to their senses, they discovered that except for ST stocks and large blue-chip stocks, there was no stock that could be bought.
Yesterday, thousands of stocks hit the daily limit, but today thousands of stocks hit the daily limit. This is simply a miracle day.
After the market closed, more news was revealed.
First, Public Security Bureau B will be stationed in ZJH to strictly investigate short selling and collect clues of illegal and irregular activities in the stock market.
Article 2: ZJY requires listed companies to choose one of the five options to release favorable news: major shareholders increasing their holdings, repurchasing shares, directors, supervisors or senior executives increasing their holdings, issuing equity incentives, or issuing employee stock ownership plans.
Article 3. The China Insurance Regulatory Commission requires that securities companies can postpone the repayment of clients' margin trading for more than six months. As of July 8, insurance institutions have purchased stocks and funds totaling 112.262 billion yuan.
Article 4: The CBRC stated that it will allow banking institutions and clients whose equity pledges have matured to revise the period for redemption, support banks and securities firms, trust companies and other departments to negotiate and adjust the early warning lines and liquidation lines for stocks, and encourage banks and China Securities Finance Corporation to carry out inter-industry cooperation.
Article 6: The margin requirement for short positions on the CSI 500 Index has been increased again from 20% to 30%. This is three times the previous 10%!
Fifth, the evening news broadcast once again reported that ZJH, BJH, and YJH worked together to save the market.
The medicine is very strong!
After controlling the short positions in stock index futures, margin lending, equity pledge, etc., they sent out bulls such as Central Huijin Investment, China Securities Finance, securities companies, and funds to enter the market, focusing on small and medium-sized enterprises, and instantly exploded all the short positions in the market.
Looking at the screen full of red and the daily limit of Zhenxin Technology, Liu Bin curled up in the corner, his lips trembling, unable to utter a word. He bet on saving the market, but because of the high leverage, he fell before dawn.
A slight difference in thought can result in a loss of millions of yuan.
He picked up the phone, but couldn't muster up the courage to make a call. In just over half a month, he had lost more than 10 million yuan in the stock market!
In the business department of Changzheng Securities, shareholders cheered again, like thunder and lightning. Some shareholders quickly took out their mobile phones and called the listed company, strongly demanding the resumption of trading!
Looking at this dramatic scene, a scene that could be written into stock market history, Zhao Xinyue muttered to herself, "Are you playing house? Yesterday, thousands of stocks hit their limit down, and today, thousands of stocks hit their limit up..."
Lin Menghan turned around, looked at Li Feng, and asked, "Is the stock market crash over?"
Li Feng shook his head and said, "The most severe decline has passed. The next six months will be dominated by continuous declines."
"Why?" Zhao Xinyue was puzzled.
"Because, in the ecosystem of the stock market, the sickles have already left with the leeks contentedly, and the land is already severely malnourished. It will take time and nutrition for new leeks to grow..." Li Feng explained.
"You—what a twisted logic!" Zhao Xinyue pouted.
Lin Menghan took out a small notebook and memorized these words.
Friday, July 10, 2015.
Bulls, with great momentum.
The Shanghai Composite Index opened at
The ChiNext Index opened high at 2487 points, 2%, and instantly rose to over 2500 points after the opening. Half an hour later, it was fixed at 4.11%, the daily limit of 2535 points, and continued to rise straight until the closing.
All stocks on the ChiNext that have not been suspended have once again hit the daily limit!
Investors who hold shares in the ChiNext get off work at ten o'clock in the morning!
The Shanghai Composite Index opened 2 points lower at 3707 points, and then rose sharply to 5% in one go, leaving off-market investors no chance to increase their holdings. It remained at 4.54% at the close of 3877 points, a huge increase of 168 points!
The CSI 500 stock index futures hit the daily limit again, and the CSI 300 stock index futures surged 9%. In addition to the more than 1,000 stocks that were suspended in the two markets, more than 1,300 stocks hit the daily limit!
Thousands of stocks hit the daily limit again!
The stock investors finally breathed a sigh of relief and straightened their backs.
Li Feng quietly sold his Class A holdings and made a profit of 30%. The capital account has reached 4.17 million yuan.
Looking at the money, Li Feng felt as if he was in a dream.
Looking back three years ago, on the eve of my awakening, I had only tens of thousands of yuan in capital. After maneuvering in the stock market and seizing several good opportunities, I directly rolled the principal into more than 4 million, which was dozens of times the amount.
Lin Menghan also sold her holdings, and the total amount of funds in her account reached 2 million yuan. This was a little unbelievable to her. In just two years, her capital doubled.
Moreover, following Li Feng's operations, it seemed that he did not encounter any major difficulties.
At this point, even if he deducted the 1 million from his father, he would still have a small treasury of 1 million.
Wealth comes so quickly that it catches people off guard. No wonder, although the stock market is as fierce as tigers and wolves, there are still countless investors who yearn for it and flock in one after another. It is truly a place to make money, fascinating and heartbreaking.
Zhao Xinyue was even more delighted. In just two or three days, her capital of 90,000 yuan turned into 117,000 yuan. It was like she had bought a lottery ticket and won the jackpot. In an instant, tens of thousands of yuan were deposited into her account.
Looking at Li Feng again, it was like seeing a money printing machine, and he couldn't help but feel happy.
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In 2015, the first stock market crash, I basically finished writing about it.
Too tired.
I feel like vomiting after searching for information, but I have to write it down so that I can refer to it later for comparison.
I hope it will be useful to fellow stock investors as well.
Brothers who have time, come and generate some love for free.
The following content is about the second stock market crash in 2015.
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