Rebirth of the Capital Legend

At 9:31, just one minute after the opening, the Shanghai Composite Index fell below the 3000-point mark again, and among the major industry sector indices of the two cities, only a few industry sectors still maintained a slightly positive trend.

At 9:32, the decline of "Shouchuang Group" reached more than 7 points. The entire industry sector related to the main line of "big infrastructure" and related hot concept stocks all fell into deep water adjustment, and the real estate, building decoration, building materials, nonferrous metals, steel, coal and other sectors also showed a downward trend.

At 9:33, the Shanghai Composite Index fell nearly 1%, and the Shenzhen Component Index and ChiNext Index fell by more than 1%.

At 9:34, 'Quantong Education' opened high and then fell 5 points in just a few minutes. All concept stocks related to the entire 'online education' concept sector showed a trend of opening high and then falling sharply.

At 9:35, the Shanghai Composite Index fell to around 2990 points. At the same time, nearly 1800 stocks in the two markets fell. The "big infrastructure" main line that performed strongly during yesterday's trading, the "emerging industrial chain" main line under the impact of positive news last night, and the "oversold rebound" main line area became the main areas for various fund groups to sell off at the beginning of today's trading.

At 9:36, the decline of the ChiNext Index further expanded to 1.2%.

At 9:37, the decline of the CSI 500 Index and the ZSE 1000 Index widened to 1.5%. After many oversold stocks, the small and medium-sized and micro-cap stocks that rebounded sharply in recent days have become the areas with the most serious losses in the early trading today.

At 9:38, the market-focused 'Huawen Online' fell from its opening close to the daily limit to about 5 points below the water level.

At 9:39, Oriental Yuhong, the most watched core leading stock in the two markets, began to rebound from more than 3 points below the water level after experiencing a sharp sell-off at the beginning of the trading session. Active long buying orders began to emerge in a concentrated manner on the market.

At the same time, the A50 index began to rise.

The liquor, white goods, pharmaceutical, consumer, electricity, petrochemical, and financial sectors, which had performed relatively weakly in the past few days and had underperformed the broader market index in recent days, began to rise against the trend. The banking sector index turned red and rose at this time. 'Qianzhou Moutai' and 'Hengrui Medicine', the two core leading stocks in the liquor and pharmaceutical sectors, also turned red at this moment, showing a trend of opening low and closing high.

And the entire weighted main sector and its related stocks.

In the process of rising against the trend, the active buying power on the market is obviously greater than that of other main sectors.

At 9:40, after experiencing a wave of rapid sell-offs at the beginning of the trading session, the major market indices and the corresponding industry sector indices began to slowly decline in intraday volume due to concentrated selling pressure from profit-taking and previous historical trapped shares. Both the indices and sector indices began to show a posture of volatile resistance.

At 9:41, the market leader, Oriental Yuhong, saw its decline narrow to around 1.5%.

At 9:42, the intraday increase of "Qianzhou Moutai" reached 1%. The A50 Index turned positive and rose by 1% while the Shenzhen Index and the ChiNext Index still fell by more than 0.47%.

At 9:43, "Capital Group" hit the daily limit, and the internal trend of the "big infrastructure" main line showed a serious differentiation trend.

At 9:44, the stock price of 'Quantong Education' hit a daily decline of 7%. The 'online education' concept sector, which had attracted much attention from investors before the market opened and had high expectations from investors before the market opened, opened high and fell sharply due to the positive stimulus from last night. At this moment, it showed an overall decline of 3.12%.

At 9:45, the main-line related industry sectors of the emerging industrial chain, such as film and television media, Internet software, Internet applications, electronic information, etc., as well as a number of popular stocks, all changed from the leading trend of the two markets at the opening to the weakest leading decline trend in the market at this moment.

At 9:46, after active buying, the share price of Oriental Yuhong returned to its opening position.

At 9:47, 'Oriental Yuhong' successfully turned positive and rose. Driven by the strong turnaround of this core leading stock, the entire 'big infrastructure' main line area, real estate, building decoration, building materials, nonferrous metals, steel, coal and other industry sector indexes, and their related stocks, also began to be driven to rebound from the deep water adjustment.

At 9:48, the three core industry sector indices in the main area of ​​"big infrastructure", namely real estate, building decoration, and building materials, all narrowed their intraday declines to less than 0.75%.

At 9:49, driven by the A50 Index, the major weighted stocks, and the recovery of the "big infrastructure" main line-related industry sectors and related hot stocks, the Shanghai Composite Index began to gradually recover and once again advanced towards the 3000 point position.

At 9:50, the rebounding Shanghai Composite Index re-reached the 3000 point mark.

At 9:51, Oriental Yuhong's share price rose by 0.5%, with buying orders becoming increasingly strong. At the same time, Quantong Education and Huawen Online, two core leading stocks representing the market's 'oversold main line' and the entire 'emerging industrial chain' main line, plunged into a slump and continued to fluctuate in deep water, showing that active buying orders were exhausted and were fully suppressed by selling orders.

At 9:52, the Shanghai Composite Index once again crossed the 3000 point mark and fluctuated around 3000 points.

At 9:53, a large number of bargain-hunting funds emerged on the market of "Shou Chuang Group", which hit the intraday limit, and its market decline gradually narrowed to 7%.

At 9:54, the 'Four Kings' of the 'big infrastructure' main line, namely 'Anhui Conch Cement', 'Poly Real Estate', 'Kewan Real Estate' and 'China Construction', all turned red and rose. The trend of the entire 'big infrastructure' main line is likely to continue to repair the trend of diving at the end of yesterday's trading.

At 9:55, the entire market's active capital groups, as well as the core main capital groups, began to move from weakness to strength. The low-priced small and micro-cap stocks that opened high and sold off the stocks that trapped people, as well as the stocks in the main line of the "emerging industrial chain" that were highly expected by countless retail investors, became the areas where the loss effect was more serious in the current market.

At 9:56, the intraday decline of the Shanghai Composite Index narrowed to less than 0.4%, showing a trend of turning positive again and rising. The Shenzhen Composite Index and the ChiNext Index continued to fluctuate within a 1% decline and were not driven by the rebound of the Shanghai Composite Index. In addition, the CSI 500 Index and the ZTE 1000 Index, which performed the strongest yesterday, have become the weakest core indices in the market in recent days, with declines of more than 1% at this time.

At 9:57, the A50 Index's intraday gain reached 0.65%, and the banking sector's intraday gain was close to 1%, showing a trend of leading the two markets. The A50 Index, which was the weakest yesterday, has become the strongest performing index in the recent market adjustment, which was not expected by most investors before the market opened.

At 9:58, Oriental Yuhong's intraday increase reached 1.5%, and it is likely to continue to rise and set a new recent high.

At 9:59, within the main area of ​​"big infrastructure", the decline of the three core industry sector indexes of real estate, building decoration, and building materials further narrowed, and there was a trend of turning positive.

At 10 a.m., after half an hour of fierce trading between bulls and bears at the beginning of the session, the main line performance and intraday style performance of the two markets have become more obvious.

Before the market opened, we saw the small and medium-sized and micro-cap stocks that the majority of retail investors had placed high hopes on.

In the half hour after the two markets officially opened, the performance was generally weaker than the index.

Moreover, most of the hot stocks in this field that were previously hyped have experienced serious intraday losses, trapping all the buying funds that chased these stocks at high prices at the beginning of the trading day.

The core theme of "big infrastructure" has basically maintained a fluctuating trend within a range from the beginning of the trading session to now, and the year-on-year volume is slightly smaller than yesterday.

The main weighted line obviously exceeded the expectations of most investors before the market opened, and rose against the trend to become the protagonist on the market in recent days. Liquor, white appliances, medicine, consumption, electricity, petrochemicals, finance, and other major industry sectors and concept sectors have swept away the weak attitude of the previous few days, and have strengthened one after another, showing an attitude that is significantly stronger than the index and leading the two markets. They have briefly become the safe-haven group for many funds during the day.

At 10:01, the Shanghai Composite Index returned to its opening position.

At 10:02, among the consumption-related concept sectors, the liquor sector index rose by 2% on the day, topping the list of concept sectors in the two cities.

At 10:03, Oriental Yuhong's intraday increase reached 2%. In just half an hour, the market fluctuated by nearly 8 points.

At 10:04, across the entire market, after the concentrated selling pressure from profit-taking and the panic selling at the beginning of the session were largely consumed, many stocks began to show a recovery trend.

At 10:05, under the influence of concentrated buying, the check of "Beijiang Communications Construction" suddenly showed a straight line rising to the sky, and the stock price jumped from a drop of 5 points in deep water to a red market state.

Then, before too many people could react.

At 10:06, the check for "Beijiang Communications Construction" continued to explode upward, and the increase in the market quickly expanded to 3%.

At 10:07, the share price of Beijiang Communications Construction Co., Ltd. rose by 5%.

At 10:08, the stock price of "Beijiang Communications Construction" reached 7%, showing a trend of imminent limit-up. In addition, the stock instantly topped the real-time increase list of the two markets, quickly attracting the attention of countless short-term capital groups in the market and a large number of retail investors.

Afterwards, its popularity skyrocketed, and countless eyes were focused on it.

The buying power of this check is getting stronger and stronger.

At 10:09, the share price of Beijiang Communications Construction quickly reached the upper limit, and in just five minutes, it surged by more than 15 points.

At 10:10, 'Beijiang Communications Construction', which had hit the upper limit, was blocked by a large buy order under the combined efforts of active hot money within the market. At the moment when the stock hit the upper limit, the attention paid to this stock also rose to the position second only to 'Oriental Yuhong' in the two markets, becoming a hot stock in the two markets.

At 10:11, the daily limit order of "Beijiang Communications Construction" reached 37 lots, completely blocking the daily limit.

At 10:12, due to the extremely high market recognition of "Beijiang Communications Construction" and the strong driving effect of bullish sentiment, the two core sectors of construction decoration and building materials, as well as the real estate sector, were all driven up. Hot stocks with related concept themes all received the attention of many short-term capital groups in the market and retail investors at this moment.

At the same time, after "Beijiang Communications Construction" completely hit the daily limit.

In the early stage, the trend of this check was linked to a certain extent with the two popular core stocks of the "big infrastructure" theme, "Capital Group" and "Huaxin Cement".

At this moment, the stocks were also concentratedly affected by the strong buying orders, and the stock prices rose from the deep water.

At 10:13, the intraday decline of "Shou Chuang Group" rebounded to 5%, and the intraday large capital flows began to turn positive again.

At 10:14, the intraday decline of Huaxin Cement narrowed to 3%. At the same time, the intraday increase of Oriental Yuhong reached 3.22%, which was less than 1.5 points away from setting a new recent high.

At 10:15, the banking sector index rose 1.2% on the day. At the same time, the real estate sector returned to a flat position, showing a turnaround trend.

At 10:16, the Shanghai Composite Index returned to 3010 points.

At 10:17, the overall investment sentiment in the two cities began to stabilize, and the bullish investors once again suppressed the spread of short-selling forces in the market.

"I didn't expect that it would be the weighted line that would lead the index to recover and return to the bullish trend." After seeing the clear trend structure of the two markets, Zhao Zhiyuan, who was in the main hot money group of the 'Qilu Gang', showed a surprised look on his face and said with emotion, "The small and medium-sized stocks, small and micro-cap stocks, and the 'emerging industrial chain' line, with such strong sentiment before the market, and the favorable factors, did not come out. Instead, it became the area with the most serious loss effect in the market in recent days. It was really unexpected. The 'big infrastructure' line... is really resilient. No matter how much profit-taking pressure there is, it can be pulled back again after it is smashed."

"There are many problems with the structure of chips in the emerging industrial chain. The pre-market expectations were too consistent, so we should be careful." Zhang Wei responded after hearing Zhao Zhiyuan's sigh, "However, the weight line has rebounded recently and has become the market's long focus again, which is indeed a bit surprising. As for the trend of the 'big infrastructure' line... I think it is in line with expectations. This line has not been hit by profit-taking for the first time or twice. Many funds in the market are willing to go long on this line, and the motivation to go long is still very strong.

As for now……

I still believe that the "big infrastructure" line is the sector with the highest certainty and the safest in the entire market.

The resilience of its internal long positions is simply unmatched by other mainline sectors, and the fact that it can pull back every time it falls also shows that its potential for subsequent rises will be very strong. "

"I agree with what Lao Zhao said." Liang Jiucheng nodded and said, "I have said before that the 'emerging industrial chain' line is an 'oversold rebound' market after a chip structure fault, and its sustainability is completely questionable.

Today, the entire main sector of the "emerging industrial chain" and the entire small and micro-cap stock field have experienced a serious loss effect.

In fact, it has little to do with the so-called good news.

Whether there was good news last night or not, when these oversold stocks began to generally touch the concentrated area of ​​historical locked-in shares, the first-hand profit funds would dump the market. However, without good news, the funds dumped the market at a lower position, and the funds locked in recently would be slightly less. With the stimulation of last night's good news, the first-hand profit funds that entered the market earlier would dump the market more calmly, and the funds locked in would be more. "

"Oh, that's true." Zhao Zhiyuan replied, "I still have some positions left on the 'Quantong Education' check. Really... I shouldn't have any illusions. The 'Oriental Yuhong' check is really too strong. The positions I reduced on this check before are underwater today, so I should add them back decisively." (End of this chapter)