Rebirth of the Capital Legend

Among them, the two stocks of "Beijiang Communications Construction" and "Huaxin Cement" were almost instantly capped at the daily limit, and the large orders on the main closing board reached more than 20 lots, and the trend of large funds scrambling to buy shares was quite crazy.

In addition to the highly concerned main line of "big infrastructure".

The main sectors of the market where a number of small and medium-cap concept stocks are concentrated, such as film and television media, Internet software, electronic information, new energy industry chain... and other main sector indexes, as well as severely oversold micro-cap stocks, also attracted the attention of a large number of buying funds at the moment of opening.

9:31, just one minute.

The core industry sector index of the three major "big infrastructure" main lines of real estate, building decoration, and building materials soared to more than 2.5%. Among them, the corresponding core stocks, such as "Huaxin Building Materials", "Gemdale Group", "Oriental Yuhong", "Conch Cement", "China Metallurgical Group", and "China Railway Construction", all rose by more than 5%.

At the same time, the A50 index also includes a number of core component stocks of the A50 index.

It continues to show a downward adjustment trend.

Among them, the two core stocks of Qianzhou Moutai and China Yangtze Power had an increase of about 1.5%, and there was a significant outflow of major funds.

At 9:32, the CSI 500 Index, the CSI 1000 Index, the ChiNext Index and the Shenzhen Component Index all exceeded 1%. On the contrary, the Shanghai Composite Index was dragged down by the A50 Index and still hovered near the flat line. The index point was around 2950 points and was unable to break through effectively.

At 9:33, a number of small-cap stocks in the market and stocks in the "big infrastructure" theme continued to be subject to crazy buying funds. The corresponding core hot stocks and the corresponding core sector indexes continued to climb upward, while the A50 index continued to fluctuate slightly against the trend.

At 9:34, Huaxin Cement, which had originally hit the daily limit, opened the daily limit and the stock price exploded. At the same time, Oriental Yuhong, the leading stock in the "big infrastructure" sector that has attracted the attention of countless investors in the market, saw its share price increase rapidly decline from around 7% to around 5%, and selling pressure on the market began to increase rapidly.

At 9:35, the "big infrastructure" and other related industry sector indices also began to decline. Among them, the three core sector indices of real estate, building decoration, and building materials all fell below 2%, while the A50 index's decline had expanded to around 0.5% at this time.

At 9:36, the trends of a number of small-cap stocks that had rebounded quickly also began to decline significantly.

At 9:37, the Shanghai Composite Index not only did not continue to rise, but instead turned into a green state from a flat and fluctuating state amid the rapid decline of major indices, major industry sectors, and major core stocks.

At 9:38, the increase of 'Huaxin Cement', which had exploded, fell back to around 7%. 'Beijiang Communications Construction' and 'Shouchuang Group', two popular leading stocks that quickly hit the daily limit at the beginning of the opening, also showed signs of loosening in the orders on the market.

At 9:39, the A50 index fell further to a drop of 0.7%.

At 9:40, the Shanghai Composite Index fell below 2940 points. The overall sharp opening trend of the two markets had disappeared after the violent fluctuations in the first ten minutes of trading. The entire market only had the main line of "big infrastructure", and the Internet software, film and television media, and electronic information main sectors that had been severely oversold before still maintained a certain money-making effect.

At 9:41, the selling pressure on Oriental Yuhong further increased and its increase fell back below 4%.

At 9:42, the Shanghai Composite Index's decline widened to 0.5%. Among the two markets, only the ChiNext Index, the CSI 500 Index and the CSI 1000 Index remained slightly in the red, while the Shanghai Composite Index, the Shenzhen Composite Index, the A50 Index and the CSI 300 Index had all fallen into the green.

At 9:43, the market was dragged down by the adjustment of heavyweight stocks, and the money-making effect was further reduced.

At 9:44, the large-scale buying and selling of funds on the "Oriental Yuhong" market began to show a trend of large-scale net outflow.

At 9:45, more and more stocks came under pressure, and the market opened high and closed low. Many funds with first-mover advantage began to sell off their profit-taking stocks on the market. Of course, the main selling pressure at this moment came from the weighted components of the A50 index, as well as many popular core stocks in the "big infrastructure" main line that had already risen a lot before. On the contrary, the market's oversold main sector, Internet software, film and television media, electronic information... and other sectors' low-level small-cap concept stocks, after a brief adjustment following the decline of the "big infrastructure" main line a few minutes ago, have now attracted the attention of many major fund groups, and the corresponding stocks have begun to continue to rise, repairing the decline in the market that had just fluctuated.

At 9:46, "Shou Chuang Group" exploded. In the entire "big infrastructure" main line, several core hot stocks have all opened the daily limit. At the same time, because the core main line of "big infrastructure" did not produce the expected money-making effect, the daily limit stocks in the entire market, regardless of whether they are concept stocks in the "big infrastructure" main line field, began to loosen their daily limit orders.

At 9:47, the number of stocks that hit the daily limit in the two markets had dropped from 27 at the opening to 18.

At 9:48, the market gains of the three core leading sectors of real estate, building decoration, and building materials have fallen back below 1.2%, and they have withdrawn from the top of the two cities' industry sector growth list. At this moment, the top three positions in the two cities' industry sector growth list are replaced by film and television media, Internet software, and electronic information.

At 9:49, the Shanghai Composite Index slipped to around 0.6% decline, while the ChiNext Index, CSI 500 Index and CSI 1000 Index, on the contrary, surged to their initial trading levels.

At 9:50, the overall main capital flow of the market began to further concentrate on flowing into the oversold main sectors of the market.

At 9:51, when the A50 Index and the market's "big infrastructure" main line of various industry sectors and popular stocks had stabilized, the ChiNext Index, the CSI 500 Index and the CSI 1000 Index began to further rise.

At 9:52, Quantong Education rebounded from its oversold level and its share price went straight to the daily limit.

At 9:53, a number of GEM heavyweight stocks that were severely oversold, including LeTV, Netspeed Technology, Eastmoney, Flush, and Baofeng Technology, began to rebound sharply and move higher, with concentrated buying.

9点54分，创业板指、华证500指数、全证1000指数的盘面涨幅，纷纷越过了1.1%的位置。

At 9:55, the share price of Quantong Education hit the daily limit.

At 9:56, the increase of "Baofeng Technology" rose sharply to about 7%, and in the entire market, small-cap stocks with high recognition began to rebound again.

At 9:57, after nearly half an hour of selling under pressure on the main line of "big infrastructure", the major industry sector indices also stabilized near the flat position. At the same time, the core industry leading stocks of each industry sector began to gradually rebound upward to repair the plunge at the beginning of the session.

At 9:58, with many major funds focusing on today's 'oversold rebound' line, the market's money-making effect rebounded.

At 9:59, the number of stocks in the green in the two markets returned to more than 1800, almost the same as at the opening.

At 10 a.m., the Shanghai Composite Index returned to flat, while the Shenzhen Composite Index rose by about 0.5%. The ChiNext Index, CSI 500 Index and CSI 1000 Index all rose by more than 1%.

"Wow, I never thought that in today's market, small-cap stocks would take the lead. The 'oversold rebound' line has completely overshadowed the core theme of 'big infrastructure'. It's really amazing."

Faced with the changes in market trends within half an hour of opening, and the hot money-making effect brought about by the 'oversold rebound' line, at this moment in the online stock investment exchange forum, some retail investors exclaimed with emotion.

"Indeed, no one could have imagined that the 'oversold rebound' line would lead the market higher before the market opened!"

"However, the main sectors such as film and television media, Internet software, and electronic information should indeed rebound."

"Yes, two days ago, I felt that the stocks related to these lines could no longer fall. Alas... it's a pity that I didn't pay enough attention to it and didn't hold any stocks in this area."

"Fuck you, I just sold the check for QuanTong Education this morning, and I'm chasing after the leader, Capital Group. What should I do now?"

"The moment the market opened in the morning, I saw the check for 'Capital Group' was still offering a buying opportunity. I knew something was wrong, but unfortunately... I couldn't help but rush in anyway."

"I am the same. When I saw the main line of 'big infrastructure' rising so hot at the opening, I couldn't help but increase my position and follow up." "Alas, I still can't chase high prices next time!"

"Today, the 'big infrastructure' line is really not working. It feels like a lot of the funds that intervened before are cashing in their profits."

"Even the check for 'Oriental Yuhong' couldn't withstand the selling pressure, let alone other 'big infrastructure' mainline component stocks."

“Aren’t the constituent stocks of the A50 Index the worst hit?”

"These heavyweight stocks, if you ask me, should have fallen long ago."

"Yes, it is very good that the institutions have only adjusted now."

"Looking at the situation, today's market has a clear 'big cut small' trend. The performance of large-cap stocks is relatively weak, while the performance of small and medium-cap stocks and micro-cap stocks is generally good."

"Yes, although the rapid dive at the beginning of the trading session looked very impressive, the overall loss effect of the trading session was not that great."

“Is this supposed to be a good thing?”

"Of course it's a good thing. After all, among us retail investors, who would buy so many heavyweight stocks?"

"Yes, the adjustment of stocks that are held by institutions is definitely a good thing for the market trend. Once the weighted stocks of the A50 index fall, the liquidity accumulated in these weighted stocks will be released and flow to small and medium-sized stocks and micro-cap stocks."

"That's right. The vast majority of the shares held by everyone are concentrated in small-cap stocks."

"It feels like the investment direction of the market is really going to change."

"It's good that it's changed. I've been seeing the heavyweight stocks rising and rising for a long time and I'm not happy with it."

"Haha, I think so too. The index adjusted today and my account is in the red. It feels really good."

"Didn't the 'big infrastructure' line move in tandem with the market's small- and medium-cap stocks? Why didn't it move in tandem today?"

"The reason why the 'big infrastructure' line was adjusted today is simply because it has risen too much recently, right?"

"I don't know about that, but judging from the market, it is certain that the main funds are taking profits and fleeing."

"The 'big infrastructure' line is unlikely to be broken today. With so much money following in the early trading, it is impossible to get out of the trap during the trading session."

"For the 'big infrastructure' line, the buying point will be tomorrow morning when many of the funds chasing it today sell off their profits and it opens low and sells off sharply."

"The leading stocks didn't make money today, so naturally, other stocks in this core line have even less chance."

"That's true. I don't need to look at the 'big infrastructure' line today."

"The volume of the Oriental Yuhong check has increased again today. I don't know which funds that previously intervened have left, but I feel that Mr. Su's Fuxing Road must still be there, right?"

“I think it must still be there!”

"The check from 'Oriental Yuhong' is trending upward, so there's no need to be too anxious. President Su's 'Fuxing Road' is still there, so just keep it."

"The market of this check is very volatile, so it is actually possible to do some T."

"If the T is not good, the chips will be T away. It is better to hold on to it."

"Well, I've got it anyway. As long as the trend doesn't break, the main force won't be able to wash my chips away."

"Haha, I invested heavily in 'QuanTong Education'. After it was cut in half, I finally waited for a daily limit. But what's the use of this daily limit? I can't even get back my money."

"That's not necessarily true. It looks like QuanTong Education is the leader in this oversold rebound."

"This check is very recognizable in the market and it really looks like a dragon head."

"That would be great if that's the case."

"I feel that this wave of 'oversold rebound' is still not very sustainable. Many concept stocks that were previously highly recognized by the market have no volume even after reaching their daily limit."

"How can there be such a large volume in an oversold rebound? The chips are all broken."

"You are right. We cannot tell how sustainable it will be today. We have to wait and see the market and volume tomorrow to make further confirmation."

"But it's always right to take the initiative today, right?"

"I think so too. It's impossible that the 'oversold rebound' trend can't even last for a day, right? And it's obvious that the internal chip structure of many heavyweight stocks has gradually loosened today. I think the two oversold main lines of 'Internet software' and 'film and television media' should be able to have a sustained rebound."

"I hope so. Alas, I'm too deep in the hole. If there's no sustained rebound, I won't be able to sell even if I sell at a loss."

"That's right. Even if it rebounds 50%, I still can't make back my money."

Amid the discussions among many retail investors...

The market trading time has unknowingly passed the 10:30 moment, and after the intense trading in the previous hour, the market trend and the strength and weakness of each main sector have become more obvious.

Among them, not only the countless retail investors gathered in the stock investment exchange forum across the entire network have realized that the overall investment trend of the market is changing.

Many of the hot money investors at this moment also think so. (End of this chapter)