Chapter 439: Market Hot Money Withdraws Completely!

At the same time, the core main line areas such as "infrastructure", "state-owned enterprise reform", "Internet finance" and even "big finance" that have performed well in the intraday today, a number of related industry sectors, concept sectors, and many popular stocks with high market attention have also retreated across the board. Many stocks have given up all intraday gains and refreshed the intraday lowest position at this moment.

Especially popular stocks such as Beixin Road and Bridge, Beijiang Communications Construction, and Jinhu Group.

At this moment, the stock price has not only given up all intraday gains, but also fallen underwater, creating a new low for adjustment. 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 8.25%, it finally ushered in a rapid rebound, and other popular stocks and popular main lines in the market also ushered in a large amount of bottom-fishing funds at this moment, and the stock prices of related stocks quickly rebounded from the intraday lows.

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

At 2:53, Beixin Road Bridge's decline rebounded to 5%, and the Shanghai Composite Index climbed to 2248.37 points.

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

Finally, at the close of 3 o'clock...

The Shanghai Composite Index was 2253.69 points, up 0.73%, the Shenzhen Composite Index and the ChiNext Index rose 0.79% and 0.87% respectively, and the turnover of the two markets was 106.532 billion, continuing to maintain a relatively shrinking state, but it still remained above the 100 billion mark where the market trading was relatively active.

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

Although the core themes of "infrastructure", "state-owned enterprise reform", and "Internet finance", as well as their related industry sectors and concept sectors, all experienced a sharp dive in the late trading stage, in terms of the closing results, the industry sectors and concept sectors related to these major themes still led the two markets and are still the most eye-catching and slightly profitable areas in today's market.

Among them, the related hot stocks...

Beixin Road and Bridge finally closed down 4.35%, Beijiang Communications Construction finally closed down 2.19%, Kumho Group finally closed up 0.78%, China Fortune Land Development rose 2.13%, and Gemdale Group rose 2.45%... Overall, the overall performance is still slightly better than the market performance.

As for the relevant industry sectors in the field of "big finance" that were stimulated by the good news of "Shanghai-Hong Kong Stock Connect" before the market, and were once highly expected by the majority of investors, such as the "securities, banks, insurance" industry sectors, and their related core component stocks, the performance was far below the expectations of market investors, becoming the field with the largest net outflow of main funds, the strongest loss effect, and the weakest relative trend in today's market.

Of course, in addition to the "big finance" field, the performance was far below expectations.

The main line fields such as "military industry", "nonferrous metals", "coal", "pharmaceuticals", and "consumption" also performed weakly. In particular, the "military industry" field showed signs of a large-scale decline, leading the decline of all industry sectors in the two cities, which formed a sharp contrast with the situation of yesterday's main line rising against the trend and leading the trend.

Today, there was some performance during the trading session, especially near the midday session and the early afternoon session, when the SME board, the GEM, the two main lines of "mobile Internet" and "smartphone industry chain" showed a short-term concentrated rise, but the "growth stocks" field did not continue to be strong until the closing.

At the end of the trading session, this field had a number of core component stocks that performed well during the trading session.

They all took a sharp dive in the late trading session, almost completely recovered all the gains during the trading session, and returned to a weak situation, becoming the core main line field of the two cities with a more obvious loss effect after the "big finance" field.

Overall, today's market trend performance.

In the case of the positive stimulus of the "Shanghai-Hong Kong Stock Connect" before the market, it was obviously not as expected.

However, compared with the previous situation of continuous decline and the near collapse of market investment sentiment, it was obviously relieved, which made the market bullish investment sentiment recover slightly, and also showed certain signs of stopping the decline, so that the majority of investors in the market are no longer so extremely pessimistic about the future market.

"Fortunately, the decline has finally stopped!"

Faced with such a closing situation, some of the retail investors who gathered to discuss on the online stock investment forum after the market were slightly relieved and sighed.

"It has stopped falling, but under the impact of positive factors, the market is still like this. To be honest... it is obviously a little below expectations."

"Indeed, the two consecutive dives in the afternoon were too fierce."

"Hey, if it weren't for those two dives, I feel that the index would be able to rebound."

"Obviously, during the early afternoon trading period, the market's bullish sentiment was very good. I don't understand why it suddenly collapsed?"

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

"Yes, it started with Beixin Road Bridge's daily limit. Hey... this check has a strong guiding effect on the market's emotions."

"Beixin Road Bridge is still the core leading stock with the highest market attention after all!"

"It's a pity that this check, according to today's trend, is unlikely to show the trend of 'dragon turning back' 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, in such a good mood at that time, the daily limit of Beixin Road and Bridge was not sealed. If Beixin Road and Bridge can seal the daily limit at that time today, maybe the market pattern today will 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 money kills without blood!”

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

"Hey, I finally took over a leading stock in the market and lost 11 points in one day. Damn it... 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 the case. Today, the trend of many popular stocks that are at the top of the two cities' attention is actually quite bad. 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 does this mean?"

"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 the 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 will not 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 main lines in the key market are shrinking and oscillating. This line actually appeared today. It has bucked the trend of heavy volume and is still falling at a relatively low level. 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 is deep. "

"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 regulatory authorities 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."

"The stock didn't rise much in April and May, so it's estimated that it won't fall too far. No matter how pessimistic you are... the 2200 point range is about right."

"The index doesn't feel like it will fall too far, but looking at today's market trend, the hot mainline high-level concept stocks are still in an area that needs to be avoided."

"Yes, Beixin Road Bridge's check fell a lot at first, but after a closer look and zooming in on the K-line chart, I found that it has only fallen to the halfway point of the entire round of speculation. The tide has receded... If this check is to fall back to the original point of speculation, then it really has more to fall."

"Indeed, it's better to avoid it in the short term. The main speculators are all leaving the market. If you take over at a high position at this time and rush in without thinking, you really hate the money in your hands."

The many retail investors gathered and discussed today's market fiercely...

The market time was also being refreshed in many discussion topics and exchange information. It was 5:30 pm before I knew it.

At this time, the Dragon and Tiger List of the two cities was refreshed.

Beixin Road and Bridge, Beijiang Communications Construction, Kumho Group, Shanghai Sanmao, Shanghai Steel Union, Hongdu Aviation, Shanghai Construction Engineering, etc., a number of popular stocks with high market attention, are on the list. And unsurprisingly, these stocks on the list are relatively weak in intraday performance, and the outflow of major funds on the market is very obvious. On the disclosed Dragon and Tiger List, all the major hot money showed a net selling state.

Especially Beixin Road and Bridge...

The disclosed Dragon and Tiger List shows that the five major selling seats sold a total of 220 million chips, while the five major buying seats only bought 130 million, with a total net selling volume of 90 million, ranking among the popular stocks on the Dragon and Tiger List, with the largest net selling volume.

"Sure enough, hot money is in full retreat, and the market still hasn't gotten rid of the weak situation."

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

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

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

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