Chapter 59 ChiNext Index 1000 Points

Throughout the weekend, market news, both at home and abroad, was calm.

Su Yu browsed for a while, but didn't see any information worthy of special attention, so he logged into several stock trading accounts he traded and locked the computer interface to the stock market trading interface.

Then, at 9:15, the collective bidding in the two cities began.

Hua Qingbao's stock price flickered at 24.50 yuan and then turned to 24.79 yuan, an increase of more than 1.2%, clearly opening higher.

Subsequently, bidding and buying orders gradually followed, and Hua Qingbao's stock price also gradually increased.

9:16, 9:17, 9:18...

Seeing that the time passed 9:20 and entered the real call auction stage where orders cannot be canceled, and Hua Qingbao's market still did not have many actively selling call auction pending orders, Su Yu breathed a sigh of relief and quickly removed his hand from the mouse. Move up and continue to lock in and wait and see.

"It seems that the funds from Anping Road in Shanghai are indeed private equity funds."

Su Yu saw that there was basically no pressure on Hua Qingbao's collective bidding board, and said to himself: "The determination to lock up the position is still as firm as ever!"

This fund is the largest main fund in the stock market of Hua Qingbao.

Su Yu felt that as the concept of 'mobile games' has been continuously heated up by the market, as long as the other party is firm in its determination to lock up funds and is recognized by various short-term hot money, hot money that dares to relay will naturally flock in again.

And after the other party locked up a large number of circulating chips...

As long as the money-making effect of the 'mobile game' concept hype persists, as Hua Qingbao's stock price continues to rise, its chips will definitely become more scarce.

This will naturally form positive feedback on funds, emotions and stock prices.

During Su Yu's brief contemplation, 9:25 arrived, and the market call auction ended. Hua Qingbao opened about 2.7% higher, and the stock price was quoted at 25.16 yuan. Other popular stocks in the same concept sector, such as Changqu Technology, Yuanji Technology, Meisheng Culture, etc. also opened slightly higher, and market funds were in a good mood to follow the trend.

In addition to the concept of 'mobile games', the popular concept of 'film and television media' has also opened much higher.

Core concept stocks such as Huayi Brothers, Guangqian Media, and LeTV have also obviously received continued attention from funds, opening 1% to 3% higher.

As for the Shanghai Stock Exchange Index on the main board, as well as concepts such as mobile payment and Internet finance that were popular in the early stage.

After the big rebound in the last trading day, during today's bidding stage, the continued speculation of funds began to ebb, with low enthusiasm and a slightly lower opening.

"The overall sentiment is fine."

After reviewing the call auction results of the entire market, Su Yu secretly said: "It's just that the GEM index is about to rebound to the important historical mark of 1,000 points, plus the market trends of 'mobile games' and 'film and television media' which are the main upward sectors of the GEM. It has lasted three trading days, and I’m afraid there will be some differences today.”

The pressure on the market index and the divergence of market conditions will swallow up the demand for more incremental funds.

Su Yu estimated that today's overall market trend is probably not very optimistic.

Of course, a one-day market correction cannot change the overall upward rebound trend of the market, and he will not care about the short-term gains and losses of this day.

Following his analysis, 9:30 arrived and the market began to officially trade.

I saw a huge amount of short-term active funds. After clearly sensing that Hua Qingbao's market pressure was not strong, they quickly rushed in to compete for chips. In just 5 minutes, their stock price rose to above 25.75, an increase of more than 5%.

Same thing…

In the ‘film and television media’ concept sector, which has a large number of market-making effects, there are many other popular concept stocks.

After the market opened, it was continuously attacked by short-term active funds in the market.

As the two major concept sectors continued to be popular, the ChiNext Index also rose rapidly, breaking through the 992 point mark at 9:45, rising by more than 1%.

Of course, due to the correction of big financial and two barrels of oil after yesterday's rebound.

The Shanghai Composite Index was dragged down, and when the ChiNext Index rose by more than 1%, it could only turn red, once again attracting criticism from heavyweight stock investors.

"The GEM is still strong. The Shanghai Stock Exchange Index is simply a heavy and broken car that can't even be towed."

"There is no hope for heavyweight stocks. It is simply a stagnant pool. There is no money willing to come in at all. Oh, it's out, it's out... I wasted several months here on the market and lost a lot. It's really not worth it."

"When it comes to stock trading, you have to go where the money-making effect is strongest to make money. Traditional big players like securities, banks, coal, steel, and oil really have no future."

"Nowadays, everyone pays attention to the 'new economy'. Blue chips can naturally only be reduced to 'bad chips'."

"Indeed, if you look at the growth of the ChiNext in the past two months, it is a bull market with great momentum and upwards. Looking at the Shanghai Stock Exchange Index, it is still standing still and is already lagging behind by twenty or thirty points."

"Yes, staying with these stupid banks and securities companies is simply a waste of market capital and a waste of opportunities."

"Look at Hua Qingbao, it feels like it's about to hit the daily limit again. It's so strong. This guy has more than doubled from the beginning of April to now!"

"Hey, stop talking. I've noticed this stock for a long time, but I haven't dared to buy it."

"But the less you dare to buy, the more it goes up."

"That's what bull stocks are like. I think as long as we understand the logic clearly, Hua Qingbao's position is not too high."

"Besides, buying stocks is the same as buying houses. You buy when the price goes up and don't buy when the price goes down. If you don't dare to chase such stocks, it's probably really hard to make money in the market."

"Oh, let's not talk about it. It's really uncomfortable to see the price go down every day. I'm going to sell my stocks and chase Huaqingbao."

Amidst the many complaints, as funds quickly flowed from the Shanghai Main Board to the hot ChiNext, the seesaw effect was once again clearly revealed.

After 10 o'clock...

The Shanghai Composite Index fell slowly, while the ChiNext Index rose sharply again under the market conditions of the two major concept sectors of "mobile games" and "film and television media", and hit the 1,000-point mark.

Among them, in terms of individual stocks.

At 10:15, Huaqingbao was the first to hit the daily limit, with the stock price reported at 26.95 yuan.

Subsequently, Changqu Technology followed suit and quickly broke through the 8% increase, also hitting the daily limit, among which Yaoji Technology and Meisheng Culture also quickly rose by more than 6%.

And almost at the same time,

Huayi Brothers, Guangxian Media, and LeTV, the three core stocks of "film and television media", also rose rapidly, breaking through to an increase of more than 5%.

"1000 points, 1000 points..."

In the entire market, countless eyes are focused on the ChiNext Index, hoping that it will break through 1000 points and create history again.

At 10:21, the ChiNext Index quickly fell back after reaching a high of 998.21 points, encountering huge market selling pressure.

Then...

After the entire market funds sensed that the difficulty of the ChiNext Index breaking through 1000 points was more difficult than expected.

They began to sell at key positions to stop profits.

As the market's large-scale selling increased, the "mobile game" and "film and television media" sectors that had just diverged were suddenly cut off, and quickly fell into a rapid decline.

Under this emotional reversal, at 10:38, as the core stocks of market attention

Huaqingbao's daily limit orders, without internal market crashes, began to drop sharply, large funds took the initiative to withdraw orders, the daily limit was opened, and the stock price quickly fell from 26.95 yuan to around 26.33 yuan, an increase of 7.5% to 8%.

And with the opening of the core leading stocks in the market.

The short-term chasing sentiment of the market was quickly hit to a certain extent, and the entire high-level acceptance was blocked, which accelerated the decline of the index and individual stocks.

Under the influence of this situation.

At 11 o'clock, the ChiNext Index retreated to around 990 points and began to gradually stabilize.

The Shanghai Composite Index fell by nearly 1%, among which the outflow of funds in the core weighted sectors such as securities, banks, steel, coal, and oil was not effectively curbed.

Su Yu stared at the market changes in the two cities, and finally his eyes fell on the Huaqingbao market, which was trading sideways at a 7% to 8% increase. He said to himself: "Fortunately, although the pressure selling of the ChiNext Index of 1,000 points has come out, the funds have actively withdrawn, but it has not damaged or consumed too much market sentiment. After a short adjustment, the sentiment will be accumulated again, and there should be a possibility of breaking through."

Thanks to the lock-up of major funds in the Huaqingbao market.

When many short-term relay funds of the Huaqingbao stock that closed the board noticed the pressure and actively withdrew their orders, the entire "mobile game" and "film and television media" concept market did not increase too much, and a huge amount of active funds in the market were consumed, leading to the emotional collapse of the "Tianyu Information Five Boards were smashed".

In other words, the chip structure of these two popular concepts in the market has not been destroyed.

It can continue to serve as the vanguard of the ChiNext Index to break through the 1,000-point pressure, ushering in the node of a full-scale outbreak of the market.

Therefore, after Su Yu realized that the market sentiment was only shrinking, not collapsing, he continued to lock his position and remained on the sidelines, waiting for the market to break through again after adjustment.

While he was waiting, the two markets continued to open for trading in the afternoon.

After the ChiNext Index continued to shrink to the lowest point of 987 points, it was between 987 and 992 points.

It maintained a continuous oscillation trend.

No more upward breakthroughs, no further declines.

Finally, at 3 o'clock, the ChiNext Index closed at 991.34 points, still up nearly 1%, and the Shanghai Composite Index closed down 0.89% at 2241.92 points.

Among them, Huaqingbao closed with a 7.2% increase, and the stock price closed at 26.26 yuan.

After the closing, in the evening, when the entire market investors were pessimistic about the ChiNext Index's high and fall today, breaking through 1,000 points.

The heavy positive news about the "mobile game" industry came roaring.

First, the news that Changqu Technology applied for a suspension of trading for restructuring and planned to acquire Dongwang Pioneer to deepen its layout in the gaming industry and adhere to external expansion quickly ignited the market.

Then, the April mobile game revenue rankings were announced, and the games with monthly revenue of over 10 million showed a 100% increase.

The overall monthly revenue growth of the listed games increased by more than 20% month-on-month compared with March, which proves that with the popularization of smart phones and 4G networks, "mobile games" are ushering in an unprecedented explosive prospect and unlimited imagination space in the future.

Along with these two pieces of news, the market's investment attention to the "mobile game" industry began to soar.

In this surge in market attention, Huaqingbao's check once again topped the market discussion, attracting the attention of countless off-site investment funds.