The next day.
On Wednesday, March 28, the A-share market opened lower and moved lower. It showed a unilateral downward trend throughout the day without even a decent rebound.
There is too much bad news for the market this week. First, on Monday, March 26, senior officials strictly controlled "three public funds" and prohibited the use of public funds to purchase cigarettes, high-end wine and gifts.
After the news was announced, the liquor sector was almost all green the next day. Liquor star stocks such as Mao Wulu fell sharply. Even Mao Ti fell by more than 6 percentage points.
Yesterday, two new stocks on the small and medium-sized board, Delian Group and Shougang Energy Saving, were officially listed.
However, Shouhang Energy Saving's stock price broke immediately after its listing, which dealt a heavy blow to the new hype, and the market's long-term enthusiasm was obviously fading.
Today, the market once again received news that gave the market a heavy blow. Zhongxin Heavy Industry Machinery Co., Ltd. has applied for an IPO. The company plans to list on the Shanghai Stock Exchange and issue no more than 685 million shares. According to its prospectus, it will raise funds in the initial offering. About 6 billion yuan, this amount of funds raised will be second only to Xingyu Technology among the companies that have raised funds at the conference this year.
On March 14, when the market hit a new high, the news that Xingyu Technology's IPO raised more than 70 billion was not only the direct factor but also one of the main factors that interrupted the market's upward trend. In the afternoon of that day, the market collapsed and staged a waterfall. .
Today there is another Zhongxin Heavy Industry Management Market asking for 6 billion yuan. As soon as the news comes out, the market will die on the spot to show you.
On the day the Xingyu Technology IPO news was announced, the market index fell below 2,400 points.
Today's news of Zhongxin Heavy Industries' IPO was announced, and the market index fell below 2,300 points.
As of the close, the Shanghai and Shenzhen stock markets fell sharply across the board, with the Shanghai Composite Index falling -2.62% to close at 2284.88 points; the Shenzhen Component Index falling -3.15% to close at 9531.15 points. The alloy turnover in the two cities was about 150 billion.
On the next trading day, the decline continued again after the sharp decline. The Shanghai Composite Index fell again -1.43% that day, closing at 2252.16 points, reaching an intraday low of 2242.34 points; the Shenzhen Component Index also fell -1.18%, closing at 9418.22 points. .
Almost all investors in the secondary market are scolding, pointing out that the primary market is too ugly, regardless of whether the market can bear it, IPOs can easily be worth billions per family, or even tens of billions per family.
The blood of stock investors has been drained, and they are not even willing to let the market take a breath.
However, the market has plummeted in the past two days, and under the atmosphere of pessimism among investors, Fang Hong's personal account is silently bargain hunting on the three trading days of Wednesday, Thursday and Friday.
Big A is about to stage a market boom. The market rose sharply in January and February, fell suddenly in March, rebounded again in April, and then fell again in May, and then started a long and continuous decline for seven consecutive months. A-shares are either hitting new lows or on the way to new lows.
Although the rebound in April was not as strong as in January and February and did not reach a new high, the rebound was still barely strong. At least the market index also rose to a height of 2,450 points again.
Fang Hong's personal account had no problem getting involved in the market, and it was relatively easy to get out.
However, Qunxing Capital will definitely not enter the market in a big way just because of this rebound. Once it is in, it cannot get out. Including the period in January and February when the market thought it was a strong rebound, it did not enter the market in a big way, but made scattered arrangements. .
Because some big votes have indeed reached a historic bottom, but not all weighted votes will hit the historical bottom at one time point, so Star Capital will intervene sporadically.
It gives the impression that there is a lot of enthusiasm for doing something, but not much.
Stars Capital's current layout of the A-share market, the profits from these rebound bands are just mosquito legs, I really don't like it.
At present, Fang Hong's layout for Qunxing Capital in the A-share market is directly locked in the super epic leveraged bull market in 2015, which means that if it does not open for three years, it will survive for three years after opening.
In comparison, the current seemingly strong rebounds are really just mosquitoes.
…
Thursday, April 5th, back after the holidays.
During the holidays, good news was released: PMI data in March rebounded for the fourth consecutive month; the central government also released a "loose" signal for monetary policy; the village also announced a new QFII quota of US$50 billion, and a new RQFII quota of US$50 billion. yuan, which means that the increase in funds available for entry into the A-share market has reached 360 billion yuan, which is equivalent to directly providing "blood transfusion treatment" to the market.
Stimulated by multiple good news, Big A also had a good start in April. The Shanghai Stock Index pulled a +1.74% Zhongyang line that day, and the index also returned to the 2300-point mark, closing at 2302.24 points.
At the same time, just today on Thursday, seven "Galaxy Theme" stock hybrid funds were officially launched and open for subscription and redemption. Christian investors can purchase and invest through the official websites of the fund companies to which these public funds belong, or they can also Third-party platforms, such as Tiantian Fund under Dongcai, conduct subscription investments.
These seven "Galaxy themed" public funds began to enter the market and filled up their positions in late last month. They hold four targets: Ruihe Pharmaceutical, Weibo, ATL Technology and Yixing Video. They are the top four heavy holdings, and they are all fully invested. The stock holdings currently account for about 41% of the fund's total holdings, and the other 1% is held by six other heavyweight blue-chip stocks.
Obviously, the other six are purely used to make up the list of the top ten holdings.
The initial net value of these seven public funds was 1 yuan per share, and the net value after today's update was 1.2879 yuan per share. All seven public funds rose by more than 7 percentage points today, with the highest one reaching +7.72%. Its net worth growth since its establishment has increased by +28.79% cumulatively, and investors who participated in the initial fundraising have made a huge profit of nearly 30 percentage points.
The sharp rise in the seven "Galaxy Theme" public funds today also surprised the citizens who hold the funds.
Because it shouldn't have risen so much.
The current holding ratio is 41%. Even if Weibo, Ruihe Pharmaceutical, ATL Technology and Yixing Video have all reached their daily limit, the net value growth should only be about 4 percentage points. However, in today's market, this stock has not reached its daily limit.
Weibo rose by +2.86%, ATL Technology hit its daily limit, Yixing Video recorded its second consecutive daily limit, the stock price rushed to 287 yuan, close to the previous high, and Ruihe Pharmaceutical rose by +6.52%.
As for the other six stocks that make up the number, even if they have all reached their daily limit, you can ignore them and take it easy. The total holding ratio is only 1%, not to mention that they have not risen much.
By the next day, Christians finally knew why the net values of these seven "Galaxy-themed" public funds collectively rose by more than 7 percentage points. Some media reported that these seven public funds received large-scale subscriptions with large funds. The fund subscription amount exceeds 500 million.
It is precisely because it was bought by large funds that it generated a profit of millions in subscription fees. The profit earned by the fund was reflected in the growth of its net worth. This is why the net worth rose sharply yesterday.
It means that the investors who raised funds earlier earned the subscription fees and management fees for these large funds.
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