Rebirth of the Capital Legend

Among them, the overall market sentiment has declined and the intraday trading volume has declined.

The emerging industries, which are already relatively weak and have the worst performance and the most severe selling pressure among the main market lines, especially the three core sectors of film and television media, Internet software, and Internet applications, have become the hardest hit areas at this time due to the market decline and rapid capital sell-off.

At 2:08, Storm Technology's stock opened low and continued to fall today due to the huge loss effect yesterday, and finally hit the lower limit. At the same time, stocks with related trends such as Chinese Online, Chinese Media, Guangdong Media, Quantong Education, Huace Film and Television, etc. also fell rapidly.

At 2:13, under the influence of Storm Technology hitting the lower limit, Huawen Online also completely hit the lower limit as a large number of short-term funds that had gathered in the market for speculation in the early stage withdrew and profit-taking fled, announcing the end of the periodic speculation on this stock.

At 2:15, the stock price of Huace Film & TV fell by 7%.

At 2:16, the film and television media sector index widened its intraday decline to about 3.5%, leading the decline in the two markets. At the same time, the declines of the two stocks of Huawen Media and Guangdong Media also widened to about 7%. The entire sector almost returned to the position before the release of the major positive news last Friday.

At 2:17, affected by the sharp drop in the media sector, the declines in the internet software and internet application sectors also expanded to 2%.

At 2:18, the Internet finance sector experienced a rapid plunge.

At 2:19, a number of Internet finance sector stocks including Yinzhijie, Tonghuashun, Oriental Fortune, Dazhihui, and Jinzheng Shares, all fell rapidly, and extremely heavy concentrated selling pressure appeared on the market.

At 2:20, the diving trend originating from the main line of the emerging industrial chain quickly spread to other main sectors of the market.

At 2:21, the main areas of the smartphone industry chain, including consumer electronics, electronic equipment, semiconductors, etc., all showed a diving trend. Among them, stocks such as Changying Precision, O-Film Technology, Goertek, Lixun Precision, etc., which are highly concerned by the majority of investors in the market, all showed a diving trend to varying degrees.

At 2:22, many relatively weak stocks in the main infrastructure sector were also affected at this moment, and there were signs of a sharp increase in selling pressure and falling stock prices. Among them, the growth rate of related industry sector indices, such as the three core sector indices of real estate, construction decoration, and building materials, was also shrinking rapidly, while the index performance of major sectors such as nonferrous metals, steel, and coal has already retraced all the gains on the market and returned to near the flat position.

At 2:23, Huaxin Cement, the previous leading stock in the concept of major infrastructure, showed a sharp decline, and the decline in the market suddenly expanded to 5%.

At 2:24, the limit order of Beijiang Communications Construction Co., Ltd., which had hit the upper limit, loosened.

At 2:25, when the limit order of Beijiang Communications Construction Co., Ltd. was slightly loosened, the short-term funds in a certain market immediately added 10 main buying orders, continuing to block the limit order of Beijiang Communications Construction Co., Ltd.

At 2:26, ​​under the influence of the continued increase in orders for the daily limit of Beijiang Communications Construction, other leading stocks in the main concept of major infrastructure, such as Tianshan Cement, Shouchuang Group, Shenhuo Co., Ltd., Bayi Steel, Financial Street, Chongqing Development... and other stocks, also showed a brief recovery trend.

At 2:27, Anhui Conch Cement, the core leading stock of the major infrastructure line, began to strengthen against the trend despite the obvious decline in market sentiment.

At 2:28, the differentiation trend of the main sectors of the new energy industry chain continued to intensify.

At 2:29, while a number of core concept leading stocks with high market recognition and high investor attention, such as Sugon Shares, Tianci Materials, Dofluoro, and Power Source, were still stuck at the daily limit, other non-core popular new energy industry chain concept stocks began to see increased profit-taking selling pressure, with stock prices falling steadily and market sentiment becoming increasingly negative.

At 2:30, under the influence of the continuous pullback and dive of a number of weak main lines in the market, and even the strong main lines that were dragged down, the major core indexes of the market, Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index all recovered all the gains of the day, and the market trend turned from rising to falling, entering a clear adjustment trend.

At 2:31, the Shanghai Composite Index fell by 0.49%.

At 2:32, as the market's risk aversion heated up and the general short-term speculation sentiment in the market declined rapidly, a large number of capital groups began to concentrate in the main weighted areas of the main board. The industry sector indexes such as liquor, white appliances, medicine, consumption, electricity, finance, petrochemicals, etc., which had originally performed very mediocrely, actually rose at this time, showing a counter-trend upward trend.

At 2:33, the liquor and white appliance sectors began to move upward with concentrated volume.

At 2:34, well-known liquor stocks such as Qianzhou Moutai, Wuliangye, Luzhou Laojiao, etc. all closed higher, showing a significant difference in trend from the gradually declining market indices.

"Oh shit! I thought the market would replicate yesterday's closing trend today, but unexpectedly... it's completely the opposite of yesterday's closing trend."

Seeing that the market trends of the two markets had generally plummeted and that the vast majority of stocks in the market began to show a losing effect in the market trend, at this moment, many of the countless retail investors gathered on major stock investment platforms across the Internet could not help but complain.

"Yeah, I originally thought the market would accelerate upwards at the end of the day, but I didn't expect..."

"Has the entire film and television media sector been dragged down? The limit-down trend of Baofeng Technology and Huawen Online has had a truly devastating impact on the performance of other stocks in the market."

"It wasn't just Baofeng Technology and Huawen Online that caused the market to crash. The overall market was seeing a lot of profit-taking, and the selling pressure was too great, so naturally the market trend wasn't as smooth. Fortunately, compared to the gains of the previous two trading days, this correction was relatively mild."

"The stocks I hold have dropped by 5% in an instant. Is that considered mild?"

"The index's dive was relatively mild because it was supported by weighted core stocks. Looking at the indices of sectors like liquor, white goods, pharmaceuticals, consumer goods, electricity, finance, and petrochemicals, they are all generally still rising. However, looking at other core market sectors, the corresponding concept stocks and industry-leading stocks are generally showing a downward trend."

"Well, it's true that the index's performance is moderate, and it's indeed supported by the heavyweight sectors."

"How come the blue-chip sector managed to fare well despite the general market downturn?"

"Isn't this normal? Other main lines of the market are plunging, and risk aversion is heating up. The rising risk aversion will inevitably lead to a lot of capital groups in the market entering the weighted main line sectors for risk aversion. This naturally leads to the trend of the weighted main line sectors in the market becoming independent of the overall market trend."

"It seems that the two major sectors, liquor and white goods, have relatively independent trends regardless of market ups and downs."

"Of course not! These two sectors are truly the evergreen sectors of the market. The trend is really strong, and the corresponding industry-leading stocks are also likely to rise."

"I remember that Huayi Capital, the institution headed by President Su, also has a heavy investment in these two sectors, right?"

"Indeed, it seems that Huayi Capital, headed by President Su, holds tens of billions of chips in these two sectors."

"No wonder everyone is rushing to buy into President Su's concept stocks."

"Isn't it more than that? The underlying logic of the two major sectors, liquor and white goods, is also very strong."

"Yes, indeed, both are in the process of industry recovery, and white goods seem to be affected by the trend of the major infrastructure construction. It should be said that the recovery of the real estate sector is also a long-term benefit for the white goods industry." "The same is true for the liquor sector."

"That's right. The real estate-related industry chain is booming, so there will be more business banquets for liquor, and naturally the corresponding performance will be more outstanding."

"It seems like the technology sector is truly hopeless!"

"Why is there no hope? Aren't the main lines like the Apple industry chain and the new energy industry chain performing well? I feel that after the market's upward trend over the past six months, the recent market trend has clearly shifted."

"I feel the same way. In fact, today's market is mainly profit-taking. There is nothing wrong with the performance of many stocks."

"That's right. Once this wave of profit-taking is over, the market should be able to rise again."

"Why is it so difficult for the Shanghai Composite Index to stabilize at 3100 points?"

"Yes, it feels like every step up is very difficult. However, when the Shanghai Composite Index broke through 3000 points before, it also fluctuated several times. I think it is normal for it to fluctuate several times when breaking through 3100 points this time. As long as the overall trend of the index is gradually improving, I think there is no problem."

"The weakest one seems to be the ChiNext Index."

"Well, the ChiNext Index is mainly being dragged down by the emerging industrial chain. Compared to the major core sectors of the market, the emerging industrial chain, including film and television media, internet software, and internet applications, is indeed performing the worst, and there's really no clear trend."

"Is it mainly due to a lack of fundamental support? The mobile internet sector just experienced a wave of extreme hype last year, and valuations haven't been fully digested yet. With future expectations lowered, it's difficult for it to reverse so quickly. Besides... there are too many trapped shares within this sector, and these trapped shares are not so easy to clear."

"Yes, it seems that funds are not very willing to support this main sector."

"Of course I wouldn't want to. Faced with such a heavy trapped position, as the main capital, wouldn't you pull up the market? Who would be so kind as to pull it up and help everyone get out of their predicament?"

"Comprehensively speaking, the strongest sector is still the new energy industry chain, right?"

"That's for sure, but there are also serious disagreements within the new energy industry chain today. Whether the funds taken on today can generate profits tomorrow is still an unknown."

"Should we still be able to profit safely?"

"It's hard to say. Until the Shanghai Composite Index stabilizes at 3100 points and opens up further, the market won't have a clear upward trend. Therefore, amidst the volatile market, it's entirely possible that the new energy industry chain will experience another period of volatility."

"Yeah, I think so too. Anyway, we can't be too optimistic."

"We can't be too pessimistic. I think this position is not a big problem. After all, compared with other main sectors of the market, the new energy industry chain has not risen much."

"Compared with the main line of major infrastructure, as well as strong weight lines such as liquor and white appliances, the increase in the new energy industry chain is basically negligible."

"The key is that Mr. Su has increased his holdings in this sector on a large scale. I feel that the main sector that can lead to Mr. Su's large-scale increase in holdings and rapid follow-up should be sustainable. I am optimistic about the new energy industry chain. In the subsequent market trading period, that is, in the next one or two months, it will continue to serve as the main market trend."

"I hope so. After all, I have a heavy position in this line."

"The infrastructure sector seems pretty good, right? The market index has plummeted, but Oriental Yuhong hasn't seen much of a jump. It seems this stock is clearly outperforming the broader market, whether it's rising or falling. When the market falls, it falls less, and when it rises, it rises more."

"This is the treatment that the core leading stocks in the market receive."

"Generally speaking, this trend phenomenon is a situation where the chip structure in the market is too stable, and a lot of funds are locked in chips and are unwilling to sell."

"Yes, I think so too. No matter what others think, in the current market trend, Oriental Yuhong is still the most core leader."

"Indeed, Mr. Su's concept stocks are amazing. It's no wonder that other major capital groups in the market are following suit and hyping Mr. Su's concept stocks."

"Compared to Oriental Yuhong, Ganfeng Lithium and Tianqi Lithium also have considerable room for growth, right?"

"Anyway, I'll first look for stocks that double in value, and I won't sell unless they double in value."

"Yeah, me too."

"Doubling the value shouldn't be a problem. I think these two stocks have room to increase several times over once the industry fundamentals improve."

"It depends on the price increase of the relevant main products."

"That makes sense. It's safest to take one step at a time and see what happens next. It's not wise to achieve all your expectations at once."

"The current expectations for these two stocks should be pretty good, right? Most people are looking for a doubling of the expected return, but there's still room for further growth...basically, few people think so."

"Well, but compared to Oriental Yuhong's stock, I think there's more room for it to double."

"I hope so. Anyway, I'm determined to invest heavily in these two stocks. I bought half of them and I'm holding on to them. I hope there will be a better result in the future."

Along with the countless retail investors in the market, there are heated discussions and complaints about the market trends.

As market hours continue...

The sharp declines in major sectors across both Shanghai and Shenzhen stock exchanges, and the overall waning of bullish sentiment, have not been halted. On the contrary, they have become increasingly apparent amidst the heated discussions, with more and more leading stocks in core concepts experiencing a late-day sell-off. (End of Chapter)