Rebirth of the Capital Legend

After saying that, Zhang Xinlei did not wait for the other people to respond. He used his seat to invest nearly 1500 million yuan at the market price into the check of "Dofluoro" which was on the rise.

Just as he placed an order to buy, Lao Qian paused for a moment, then quickly followed suit, actively placing an order to push up the stock price.

Similarly, He Zhong and Zheng Jinming set their sights on the two stocks of "Ganfeng Lithium" and "Tianqi Lithium". As the atmosphere of "high-low switching" became increasingly tense, they quickly followed up and adjusted their positions, buying up large amounts of these two stocks on the market.

Several major speculators from the "Gusu Group" quickly followed suit and bought in.

At the same time, in the entire market, there is also full follow-up from many other active main funds.

At 2:51, the price of 'Dofluoro', with its powerful momentum and volume, rose straight up, and with a resolute attitude, it quickly hit the daily limit, becoming the first core concept stock in the core theme of 'new energy industry chain' to quickly hit the daily limit.

At 2:52, when the stock price of 'Dofluoro' hit the daily limit, the stock price of 'Tianci Materials' also climbed rapidly in a straight line with volume. The stock price rose from around 3% to over 7% in just over ten seconds, under the continuous attack of large buying orders of tens of thousands of hands.

At 2:53, the share prices of Ganfeng Lithium and Tianqi Lithium also rose by more than 5%.

At 2:54, in the main field of "big infrastructure", except for a few core leading stocks and popular concept stocks, a large number of concept stocks began to decline rapidly. A large number of active capital groups quickly withdrew from the main field of "big infrastructure" and quickly flowed into the main line of "new energy industry chain" which was rebounding with great momentum.

At 2:55, the share price of 'Ganfeng Lithium' hit the daily limit, and the 'lithium battery' concept sector index surged by more than 3 points in just a few minutes. In addition, the sector saw a large net inflow of funds, and quickly changed from the original net outflow throughout the day to a net inflow of 7 million.

At 2:56, the stock of "Beijiang Communications Construction" exploded again. The speed of decline and selling of stocks related to the main line of "big infrastructure" was accelerating. At the same time, the popular core leading stocks in the main field of "big infrastructure" also began to explode in volume. The active capital groups in the market showed more and more obvious signs of "high and low switching".

And also at this moment, it was stimulated by the rapid rebound and strengthening of the main line of the 'new energy industry chain'.

Long-term oversold mainline sectors such as 'Internet software', 'film and television media', 'electronic information', etc. have also seen a bottoming out and rebound and attracted the attention of active main funds.

Moreover, it is affected by the rebound of these low-level concept main lines.

The Shanghai Composite Index and A50 Index began to fall rapidly, while the ChiNext Index rebounded quickly. The gap between the two indexes narrowed rapidly at the last moment of the trading day.

At 2:57, when the last three minutes of the closing auction arrived, the performance of the Shanghai Composite Index and the ChiNext Index finally returned to the same level of increase.

Finally, when 3 o'clock in the afternoon arrived, the two markets closed.

In the last three minutes, the Shanghai Composite Index continued to dive a little, resulting in a closing gain, but was overtaken by the ChiNext Index.

And, in the last three minutes.

When the entire Shenzhen Stock Exchange was caught in a call auction, the outflow speed of active capital groups in the main field of "big infrastructure" continued to accelerate.

And it is a popular concept stock in the main field of "big infrastructure".

Many stocks such as 'Beijiang Communications Construction', 'Huaxin Cement', 'Tianshan Cement', 'Bayi Steel', etc., experienced a crash in the late trading session.

Among them, "Beijiang Communications Construction" plunged nearly 7 points after the stock price exploded in the last three minutes of the closing session.

Of course, core leading heavyweights such as Poly Real Estate, Conch Cement, and China Construction, although their trends dived in the last ten minutes of the trading session, the overall buying support remained strong, and the decline was relatively limited. There was no concentrated selling of funds from internal profit-taking or unwinding of losses.

"What the hell, the main line of 'big infrastructure' plunged so sharply at the end of the trading day?"

Seeing the final closing situation of the two markets, some retail investors gathered on the online stock investment exchange platform couldn't help but complain in confusion.

"It jumped at the end of the morning trading. I thought it would be able to maintain its momentum after strengthening in the afternoon, but I didn't expect..."

"There is nothing wrong with the main line logic, but the short-term rise is too much, and the internal profit-taking selling pressure is too heavy."

"I bought 'Beijiang Communications Construction' at the opening this afternoon. It's all over now. I lost 7 points during the day. It's likely that I will have to reserve at least 5 points of loss after it opens much lower tomorrow."

"Who the hell is doing this? Why not earlier or later, but right when the market is about to close?"

"Alas, it looks like the short-term plan will become a long-term plan."

"The 'new energy industry chain' line broke out at the end of the trading day. It seems that the hot money is determined to take large-scale profits on the popular stocks of the 'big infrastructure' main line and make a 'high-low switch'."

"It's good for there to be some divergence and volatility here, otherwise the upward pressure will only increase."

"Is there any sudden positive news on the 'new energy industry chain' line? Why is it so strong at the end of the trading day?"

"I haven't heard of any good news. I guess it's just a choice of 'high-low switching' for funds in the market. However, this practice of pulling up the market at the end of the day seems... the sustainability is still questionable."

"It should be because of the lack of confidence in funds that the market was pulled up at the end, right?"

"Anyway, based on past market trends, a pullback at the end of the trading day is a sign of weak capital strength, and it is estimated that it will be difficult for the market to open at a premium tomorrow."

"If the main line of 'big infrastructure' can open significantly lower tomorrow, it would be a good buying point."

"Although many of the main stocks of 'big infrastructure' collapsed at the end of the trading day today, the core leading stocks with the highest weight are still trending very steadily."

"Of course, the core leading stocks with the highest weight are all dominated by institutions."

"It seems that stocks dominated by hot money are not as stable as those dominated by institutions."

"It is no wonder that the current market's investment preferences are increasingly leaning towards large-cap stocks."

"It seems that the market style has changed today. In the late trading, not only the main line of 'new energy industry chain' has moved abnormally, but also other main lines of the market that have fallen too low, such as 'Internet software', 'electronic information', 'film and television media', etc., have also moved abnormally in the late trading."

“Could it be that there will be a wave of market movement for small-cap concept stocks in the future?”

"I feel that the logic line of 'oversold rebound' should have a good opportunity when the main line of 'big infrastructure' fluctuates and adjusts."

"Yes, the market's 'high-low switching' feels like an 'oversold rebound'."

"Why do I feel that the 'big infrastructure' line won't die so easily? I feel that the sentiment of the 'big infrastructure' line will warm up tomorrow?"

"Whether the economy can recover or not still depends on the attitude of big money."

"No, it depends on the concerted efforts of the market and the news in the evening."

"But in general, the core theme of 'big infrastructure', from its current position, will continue to face increasing pressure. There should not be much room for short-term growth, right? Of course... in the long run, with a complete change in fundamentals, it is definitely still at the bottom range."

"I feel that the sentiment of the main line of 'big infrastructure' will definitely pick up tomorrow. After all, we must know that the dominant capital force in the market now is not hot money, but institutions. At present, in the core main line of 'big infrastructure', institutional positions have not been completed."

"I agree. I am still optimistic about the subsequent market trend of the core theme of 'big infrastructure'."

"Let's wait and see what funds are dumping the market at the end of today's trading."

"Can't the two main lines develop in parallel? Can't the 'new energy industry chain' and 'large infrastructure' main lines go hand in hand? Can't high-priced core leading stocks and low-priced oversold stocks rise at the same time?"

"Definitely not. This is not a bull market. Market liquidity is limited. Where can there be so much money to support two or even multiple main lines? Moreover, the core line of 'big infrastructure' alone is already very large, and the continuous buying funds required are already exaggerated. With the current market liquidity, bullish sentiment, and the little bit of bullish confidence in the hearts of the majority of investors, it is simply not enough to support a general rebound. In fact... this year, there have been only a few trading days with a general rise in the market."

"You are right. With the current market liquidity, there is only a chance for local rallies to occur."

"As long as the core leading stocks dominated by institutions do not collapse, hot money feels that it cannot affect the overall situation. Although many concept stocks in the main line of 'big infrastructure' collapsed at the end of the day today, the trend of the leading stocks with heavyweights is still positive and there has been no obvious dive."

"Let's take a look at the Dragon and Tiger List data. If institutions continue to increase their holdings, then we can continue to be optimistic."

As everyone discussed heatedly...

The market sentiment and divergence after the market are still very large. Most people are still optimistic about the follow-up market trend of the "big infrastructure" main line, but some investors with weak confidence, or many short-term speculative retail investors, have begun to consider adjusting their trading strategies and following the dominant trend of market hot money to "switch high and low."

And amid the continued divergence of emotions, 5 o'clock in the afternoon soon arrived.

The Dragon and Tiger List of the two cities was announced.

According to the updated data of the Dragon and Tiger List of the two cities, it can be clearly seen that the active groups of hot money in the market are indeed reducing their positions on a large scale to take profits on a number of popular concept stocks of the "big infrastructure" main line, and taking advantage of the weak buying and the divergent sentiments of the "big infrastructure" main line to adjust their positions on a large scale on low-priced and oversold main line concept stocks.

Likewise, it is just as many people expected.

On and off the market, institutional players who previously had obviously insufficient positions in the "big infrastructure" main line area are still continuing to advance their positions and building up positions in leading heavyweight stocks and high-performance blue-chip stocks in this core main line area. No large institutional funds appear on the selling list of the popular "big infrastructure" main line stocks.

"Hot money is retreating, but institutions are still buying on a large scale. Today's data on the top-ranking list of the two cities is somewhat beyond expectations, which seems to indicate that the main trend of 'big infrastructure' is far from over." After carefully reading the data on the top-ranking list of the two cities, Huang Qingyun, the trading team leader of the 'Shino Future No. 1' fund product trading room of Sino Private Equity Fund Company in Shanghai, said, "I feel that in one or two days at most, there is still a chance that the internal investment sentiment on the 'big infrastructure' line will turn from divergence to consensus."

"No institution on the list is the main seller, which is indeed a bit beyond expectations." Men Xingtao, product manager of the 'Sino Future No. 1' fund next to Huang Qingyun, nodded slightly and responded, "This shows that many institutional groups in the industry currently generally have insufficient positions in the core theme of 'big infrastructure'."

"It is mainly because the speed of housing price recovery and increase in major offline cities has obviously exceeded everyone's expectations, and the trend of fundamental changes in the entire real estate market has become very clear. The future expectations of the core theme of 'big infrastructure' and even the expectations of next year's performance explosion are about to become clear." Huang Qingyun took over and continued, "In a bear market, investment opportunities with extremely high certainty, especially long-term investment opportunities with certainty that can be expected for more than one year, will inevitably lead to the concentration of many institutions in the industry.

What's more, this time, the entire "big infrastructure" main line of the market exploded and the rise was very rapid.

It is estimated that many large funds did not react at all to the rapid rise in the first week, so their positions were obviously insufficient.

Furthermore, it can be expected that…

As investment certainty becomes higher and higher, the core leading stocks that will benefit the most will definitely see their behavior of institutions buying in groups, and this trend will become more and more serious.

It is estimated that there will be a number of core leading stocks in the subsequent "big infrastructure" main line area.

It is highly likely that the market will follow the same path as the previous core weighted leading stocks in sectors such as liquor, white appliances, medicine, and consumer electronics.

However, the hot money active in the market escaped quickly today and sold all the chips in their hands. "

Moen Xingtao laughed and said, "Hot money is most sensitive to market sentiment fluctuations. Judging from the current market liquidity and incremental capital volume, it is basically impossible for the 'big infrastructure' line to continue to rise and expand upward space after reaching this point.

That is, for the next period of time.

In the entire "big infrastructure" main line area, there are many second- and third-tier stocks that do not have institutional main funds to continuously build positions and follow up, as well as some marginal concept stocks that are difficult to have expectations of explosive performance. I am afraid that the trend will be significantly separated from the core leading stocks.

Of course, this trend is also normal.

After all, with limited liquidity, large funds must inevitably be concentrated on the core.

Since the core theme of "big infrastructure" is bound to have internal trend divergence, there will be no speculative opportunities for general rise.

Then, hot money withdraws, hoping to guide other active funds in the market and the retail investors who follow suit.

It is easy to understand why people would speculate on the market by doing the ‘high-low switching’.

"It's not surprising that the market is dominated by hot money and the concept of 'high-low switching' is hyped up." Huang Qingyun said, "But... after hot money guides market sentiment and diverts the capital concentration area in the market, will it affect the trend of some core leading stocks in the main line of 'big infrastructure'? I am quite worried!"