Rebirth of the Capital Legend

When the stock price of 'Huaxin Cement' was completely locked at the daily limit.

The entire "major infrastructure" theme related to it, along with corresponding industry sectors, concept sector indices, and a host of follow-up stocks and industry-leading stocks, were all driven up in an instant.

At 1:09 PM, less than a minute after 'Huaxin Cement' hit its daily limit, 'Tianshan Cement' surged nearly 10%, its gains jumping from a previous decline to a 7% increase, almost setting a new intraday high.

At the same time, a number of stocks, including 'Shougang Group', 'Financial Street', 'Shenhuo Shares', and 'Bayi Steel', were also affected.

It also surged instantly, showing a trend of both volume and price increases.

At 1:10 PM, the trading volume of 'Tianshan Cement' surged further. After a brief pause at the 7% gain level, the stock price soared upwards towards the daily limit. At the same moment, the stock price of 'Shougang Group' also jumped from a gain level of nearly 4% to a gain level of 8%.

The stock 'Oriental Yuhong' also saw a surge in trading volume and price in an instant, with its share price returning to its intraday high.

At 1:11 PM, the entire "major infrastructure" sector, including real estate, construction and decoration, building materials, non-ferrous metals, steel, and coal, all experienced a rapid upward trend. Moreover, these sectors began to siphon off the funds from the "new energy industry chain" sector, which had been unable to buy in at the limit-up price.

At 1:12 PM, the stock price of 'Oriental Yuhong' surged by 8%, setting a new intraday high and reaching a new high for the past few months, continuing its strong leading position. Meanwhile, the number of buy orders for 'Huaxin Cement' at its daily limit had reached 50 lots.

At 1:13 PM, after hitting the daily limit for the second time, Tianshan Cement was quickly locked by large buy orders. Thus, the three leading stocks in the cement sector—Huaxin Cement, Tianshan Cement, and Beijiang Jiaojian—which had shown extremely strong momentum in the morning session, finally reconciled after the violent fluctuations and collectively hit the daily limit.

At 1:14 PM, the stock price of 'Oriental Yuhong' reached a 9% increase.

At the same time, boosted by the performance of all industry sectors and concept sector indices across the market, the three major sectors of the "emerging industrial chain"—film and television media, internet software, and internet applications—which had been performing very weakly, also began to attract a large amount of bargain-hunting funds. Correspondingly, core concept stocks such as "Huawen Online," "Huawen Media," "Yue Media," "LeTV," "Quantong Education," and "Baofeng Technology" all saw an increase in proactive selling.

At 1:15 PM, the stock price of 'Oriental Yuhong' hit the intraday limit up, while at the same time, on the trading screen of 'Huawen Online' which was at the limit down, there were consecutive large buy orders of tens of thousands of shares that lifted the stock price back up.

At 1:16 PM, the number of stocks hitting the daily limit up reached 48, while the number of stocks hitting the daily limit down also decreased to 37. Compared to the midday closing time, in just over ten minutes, more than 100 stocks that hit the daily limit down successfully rebounded, attracting the attention of proactive bargain hunters.

At 1:17 PM, the decline in the ChiNext index narrowed to around 1.32%, while the Shanghai Composite Index successfully turned positive and rose, completing a deep V-shaped reversal in the trading session.

At 1:18 PM, all sectors within the "major infrastructure" theme, including real estate, construction and decoration, building materials, non-ferrous metals, steel, and coal, saw gains. At the same time, sectors and concept stocks related to the "smartphone industry chain," which had previously moved in tandem with the "new energy industry chain," also began to rise.

At 1:19 PM, Changying Precision hit its daily limit, and the entire Apple concept stock index rebounded from a low of 3% to rise by more than 2%. Meanwhile, core stocks within the concept sector, such as Lixun Precision, Goertek, and O-Film Tech, all rose by more than 3%, significantly outperforming the concept sector index.

At 1:20 PM, after hovering around the limit-up price for a while, the stock of 'Oriental Yuhong' finally hit the limit-up price, and the stock price reached a new high for the year.

At 1:21 PM, the combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 4000 billion yuan, a significant surge compared to yesterday and even the previous few trading days. This indicates that, stimulated by the two major positive developments at noon, a significant influx of bargain-hunting funds entered the market after the afternoon opening.

At 1:22 PM, the sell orders for 'Huawen Online' at its daily limit down were lifted, and the stock price surged.

At 1:23 PM, the stock price of "Huawen Online," a leading stock in the "emerging industry chain" sector, quickly rebounded from the daily limit down to a 2% drop, recovering nearly 9% in just one minute.

At 1:24 PM, the stock price of 'Huawen Online' continued to rise, recovering all the losses during the day and closing in positive territory.

And at the moment when 'Huawen Online's' stock price turned positive.

The limit-down stocks 'Huawen Media' and 'Yue Media' were also broken by huge buy orders from bargain hunters, and their stock prices rose sharply.

At 1:24 PM, the stock price of 'Huawen Online' continued to climb to a 1% increase.

At the same time, the share price declines of "Huawen Media" and "Yue Media" quickly narrowed to around 6%.

At 1:25 PM, the decline in LeTV's stock price narrowed to 3%.

At 1:26 PM, the decline in the ChiNext index narrowed to less than 1%, and 'Netspeed Technology' turned positive, while 'Storm Technology' rebounded sharply from its limit down position, also turning positive.

At 1:27 PM, the indices of the three weakest sectors in the "emerging industry chain" sector—film and television media, internet software, and internet applications—quickly rebounded from a daily low of nearly 6% to a decline of less than 3%. Furthermore, as the trading session progressed, more bargain hunters entered the market, and the sector continued its rebound.

At 1:28 PM, the stock price of 'Huawen Online' further increased to 3%, rising by nearly 15% in just ten minutes. Moreover, through a large number of active buy orders and concentrated purchases at the limit-down price, the intraday large-order trading situation of this stock has begun to change from a net outflow to a net inflow.

At 1:29 PM, Goertek's stock price quickly surged towards its daily limit, and the gains of stocks in the entire "Apple concept" sector also expanded again.

At 1:30 PM, the gains in the 'Apple concept' sector expanded to around 3.75%, and more than six stocks in the sector hit their daily limit.

At 1:31 PM, the intraday decline of the ChiNext index continued to narrow to around 0.5%.

At 1:32 PM, Shougang Group hit its daily limit. In the entire "major infrastructure" sector, the three core industry sectors of real estate, construction and decoration, and building materials all saw their gains expand to around 2%. At the same time, heavyweight stocks in the industry, such as Conch Cement, Huaguo Construction, Huaguo Railway Construction, Poly Real Estate, and China Merchants Shekou, also began to attract significant buying attention and experienced sustained rises.

At 1:33 PM, the decline in the three core sectors of film and television media, internet software, and internet applications narrowed again to less than 2%. Furthermore, over 85% of industry sector indices and corresponding concept sector indices across both Shanghai and Shenzhen stock exchanges were now in positive territory. At 1:34 PM, after hovering around a 4% gain for a while, 'Huawen Online' began a surge in trading volume. Having demonstrated strong rebound resilience and significant upward momentum, this stock once again entered the top five in market attention, attracting increasing attention from market investors.

At 1:35 PM, following Oriental Yuhong's new high for the year, Conch Cement also continued its upward trend, quickly recovering all previous pullbacks and also reaching a new high for the year.

At 1:36 PM, the liquor and white goods sectors, after a broad and rapid rebound across the market, continued to fluctuate downwards, remaining at a flat level, completely failing to live up to the strong performance seen in the morning.

At 1:37 PM, amidst a surge in investor attention across the market, 'Huawen Online' saw its share price quickly rise from around 4% to 7%, seemingly reversing yesterday's limit-down trend and resembling a dramatic reversal from limit-down to limit-up.

At 1:38 PM, the ChiNext Index recovered all of its intraday losses and successfully turned positive.

At this point, all three major market indices have completed a sharp V-shaped reversal from their intraday price movements.

At 1:39 PM, driven by the successful turnaround of the ChiNext Index, the Huazheng 500 Index and the All-China 1000 Index also saw their declines narrow from nearly 1% to less than 0.5%, showing a rebound trend.

At 1:40 PM, large buy orders of tens of thousands of shares began to reappear on the trading screen of 'Huawen Online'.

At 1:41 PM, as the market discussion and investor attention on 'Huawen Online' surged to second place in the entire market, second only to 'Huaxin Cement', a concentrated wave of large buy orders began to further drive up its stock price, sweeping away all pending orders on the trading board.

At 1:42, the stock price of 'Chinese Online' rose by 8%.

At 1:43, the stock price of 'Huawen Online' rose by 8.5%.

At 1:44 PM, the stock price of 'Huawen Online' touched the daily limit for the first time, forming a "from bottom to top" pattern, with intraday fluctuations exceeding 20%.

At 1:45 PM, after hitting the daily limit up, the stock price of "Huawen Online" briefly fell back. At the same time, influenced by the upward trend of "Huawen Online", other stocks such as "Huawen Media", "Yue Media", and "Quantong Education", which had already fallen back significantly from their rebound gains, all began to rise rapidly again.

At 1:46 PM, after hitting the daily limit and falling back, 'Huawen Online' once again gathered strength to surge upwards.

At 1:47, under the continuous attack of large buy orders of tens of thousands of shares, "Huawen Online" once again touched the intraday limit-up price. This time, before the selling pressure in the market could gather, the large buy orders of tens of thousands of shares directly locked its stock price at the limit-up price, truly creating a stock with a "from the bottom to the top" trend.

At 1:48 PM, just as 'Huawen Online' completely locked at its daily limit up, perfectly reversing yesterday's limit down, the stocks 'Huawen Media' and 'Yue Media' began to surge violently. Numerous short-term funds still active in the market began to pour into the currently low-priced film and television media, internet software, and internet application sectors to buy on the dip.

At 1:49 PM, driven by the stock of 'Huawen Online', the stocks of 'Huawen Media' and 'Yue Media' successfully turned positive and rose, achieving the intraday rebound target of 10%, which also allowed the funds that had previously bought at the limit down to make substantial profits.

At 1:50 p.m., both stocks were trading in positive territory.

The Huazheng 500 Index and the All-China 1000 Index also both showed a positive trend.

At this point, all the core indices in both Shanghai and Shenzhen markets have completed a deep V-shaped reversal and are now all in positive territory.

At 1:51 PM, with all indices in both Shanghai and Shenzhen markets in positive territory, the combined trading volume approached 4600 billion yuan, continuing its significant growth.

At 1:52 PM, the number of stocks hitting their daily limit down in both Shanghai and Shenzhen markets narrowed to 21.

At 1:53 PM, the total number of stocks rising in both Shanghai and Shenzhen markets exceeded 2000. The market reversed from a state where more than 2500 stocks were falling to a state where more than 2000 stocks were rising. It seemed that in an instant, everyone participating in the market was once again experiencing the psychological journey from the time when thousands of stocks hit their daily limit down to thousands of stocks hitting their daily limit up during the bull-bear market transition.

At 1:54 PM, the number of stocks hitting their daily limit in both Shanghai and Shenzhen stock exchanges reached 84.

At 1:55 PM, a host of heavyweight stocks in the ChiNext index, including LeTV, Netspeed Technology, All-Tong Education, Maruda Film & Television, and Baofeng Technology, all closed in positive territory.

At 1:56 PM, stocks in the "Apple concept" sector, such as Goertek, OFILM, Xinwei Communication, and ShuoBeide, were basically all locked at their daily limit.

At 1:57 PM, all industry sectors and concept sectors in both Shanghai and Shenzhen stock exchanges opened higher.

At 1:58 PM, the banking, white goods, and liquor sectors, which had been very strong in the morning session, gradually became the core sectors leading the decline in both markets.

At 1:59, the Shanghai Composite Index rose by 0.78%, while the Shenzhen Component Index rose by more than 1%.

At 2 p.m., the number of stocks hitting their daily limit in both Shanghai and Shenzhen markets reached 91, just one step away from 100 stocks hitting their daily limit.

Seeing the market reverse with an extreme surge in volume within an hour, He Zhong, who had thought he would be locked at the daily limit down and suffer heavy losses, was now laughing and excited in the Suzhou-based group of major speculative investors: "Today's trend is really amazing. I can always guess the beginning but not the end. They finally pulled the market back up. Otherwise, today would have been the end of us."

"Old He, your shares in 'Huawen Online' shouldn't have been washed out this afternoon, right?" Old Qian asked. "The performance of 'Huawen Online' this afternoon was truly amazing. It was the only stock in both markets to go from limit down to limit up, the market's volatility is really strong, and the price movement is really erratic, either hitting the limit down or limit up." (End of this chapter)