Rebirth of the Capital Legend

However, as the intraday trading volume gradually increased and trading became increasingly fierce, the overall market trend, the major main hot sectors, and a number of popular concept stocks did not change in a bullish direction. Instead, the market divergence continued to increase.

The selling force in the market is gradually increasing. Except for several core sectors in the main area of ​​large-scale infrastructure and a few concept sectors, the main capital flows in other market sectors and most individual stocks have shown a net outflow trend.

Even at 2:33, the stock of "Huawen Online" fell sharply again after rebounding, which further led to the decline of a number of small and medium-sized and micro-cap concept stocks in the market, thereby dragging down the trends of the ChiNext Index, Shenzhen Index, CSI 500 Index and All-China Securities 1000 Index.

Immediately afterwards, the market's active bullish force further weakened.

At 2:35, in the new energy main line field, the "Shuguang Shares" that had been closed at the daily limit for four consecutive days began to increase in volume. Many potential profit-taking orders in the early stage began to gradually sell off their chips to stop profits. However, due to the large amount of follow-up orders, this stock still closed at the daily limit while gradually increasing in volume, and the number of orders did not decrease significantly.

At 2:36, the Power Source stock also began to fall with large volume, and the intraday increase returned to around 5%.

At 2:37, the stock price of Huawen Online fell by about 3%, setting a new intraday low and a new low since the announcement of the good news last Friday.

At 2:38, in the main field of the smartphone industry chain, the stock prices of many core Apple-related stocks, including Goertek, O-Film Technology, Xinwei Communication, Lens Technology, and Lixun Precision, also began to plunge. Among them, Xinwei Communication turned from red to green and fell.

At 2:39, the sector indices of the core sectors of the three major infrastructure areas of real estate, building decoration, and building materials also fell to varying degrees.

At 2:40, the Shanghai Composite Index fell back to within 0.4% of the increase and still did not cross the 3100 point mark.

At 2:41, the Shenzhen Composite Index and the ChiNext Index plunged into the red. A number of small, medium and micro-cap stocks in the market were further suppressed by profit-taking, and their share prices fell further.

At 2:42, Oriental Yuhong, the absolute leading stock in the major infrastructure sector, also saw continuous large sell orders on the market, and the stock price gradually fell under the emergence of continuous large sell orders.

At 2:43, the daily limit order of "Sunshine City" stock showed signs of loosening.

At 2:44, the trading increase of Huaxin Cement's stock narrowed to about 3%.

At 2:45, on the main board, a number of weighted main-line sectors, such as liquor and white appliance sectors, began to gain the favor of many major capital groups in the market amid the general decline of other small and medium-sized and micro-cap concept sectors, and began to rise in the main line.

At 2:46, the Shanghai Composite Index stabilized at around 0.4% increase, but the Shenzhen Composite Index and the ChiNext Index were still gradually falling, with the decline gradually widening to around 0.35%.

At 2:47, the liquor and white appliance sectors continued to rise in volume, and the sector index rose by more than 0.7%. Among them, the core leading stocks with large weights such as Qianzhou Moutai, Wuliangye, Luzhou Laojiao, Gree Electric Appliances, Midea Electric Appliances, Haier Electric Appliances, etc. all showed a trend of increasing volume.

At 2:48, driven by a number of leading stocks in the main weighted areas of the main board, the Shanghai Composite Index showed a brief recovery trend, with the market increase expanding to nearly 0.5%, and the gap between the market trend increase of the Shenzhen Composite Index and the ChiNext Index quickly widened.

At 2:49, the decline in the stock price of Huawen Online widened again. At the same time, the decline in the entire film and television media, Internet software, and Internet application sectors also widened. A number of small, medium, and micro-cap stocks in the market were once again abandoned by a large number of speculative short-term funds.

At 2:50, the market's bullish sentiment quickly declined. The market, which had originally seen more increases than decreases, now began to show more decreases than increases.

At 2:51, in the main areas of the new energy industry chain, the profit-taking selling pressure on several core sector indices, including complete vehicles, auto parts, and auto decoration, became increasingly severe. The corresponding sector indices, as well as many related concept sector indices, all showed a decline.

At 2:52, among the three major infrastructure main lines of the industry, nonferrous metals, steel, and coal, the industry sectors that performed relatively weakly, their industry sector indexes and related concept sector indexes, also showed a relatively similar rapid and large-scale selling trend at this time, and the selling pressure on the market increased with time.

At 2:52, as the market selling pressure became increasingly heavy, the Shanghai Composite Index finally fell again.

At 2:53, the Shanghai Composite Index's gain shrank back to around 0.3%, while the Shenzhen Composite Index and the ChiNext Index's decline was approaching 1%. Of the nearly 3000 stocks in the two markets, nearly 2500 stocks showed a decline. Among them, related concept sectors with a large number of small and medium-sized and micro-cap concept stocks, such as domestic software, film and television production, and new stocks... became the hardest hit areas of the late-day sell-off. Many new stocks listed this year have shown an obvious trend of capital flight and sell-off.

At 2:54, many popular concept stocks in the market that had hit the daily limit before 2:00 p.m. began to increase in volume to varying degrees, and profit-making funds in the market rushed out.

At 2:55, the stock price of 'Shouchuang Group' plummeted and fell back, with the transaction volume within one minute reaching more than 5000 million.

At 2:56, the share price of "Capital Group" quickly reached a 5% increase, and in just one minute, it fell back by about 5 points.

At 2:57 am, when the Shenzhen Stock Exchange entered the final call auction, the share price of Beijing Capital Group, after falling to a low of 3.78%, was quickly pulled up by the bottom-fishing funds, especially a large number of retail investors, and the share price increase returned to 7%.

At 2:58 am, during the call auction of the Shenzhen Stock Exchange, the main weighted sectors of the main board, especially those related to liquor, white appliances, medicine, consumption, electricity, petrochemicals, etc., have received varying degrees of attention and follow-up from a large number of risk-averse funds.

At 2:59, the A50 index rose by 0.67%, ranking first among the major index increases in the two cities.

Finally, when 3 o'clock in the afternoon came, the two cities ushered in the official closing moment.

The Shanghai Composite Index was fixed at a 0.27% increase, while the Shenzhen Composite Index and the ChiNext Index were fixed at around a 0.8% decrease. As for the CSI 500 Index and the All-China Securities 1000 Index, which represent a number of small and medium-sized stocks in the two markets, their performance was even weaker, closing down nearly 1%.

In addition to the closing performance of major market indices...

The performance of a number of popular main lines in the two cities.

Judging from the closing results, the major infrastructure theme is still the strongest performing among the major popular themes in the two markets. The closing increases of the three major sectors of real estate, construction decoration, and building materials are all above 1%, outperforming the major market indexes and becoming the leading industry sectors in the two markets.

Of course, in the field of large infrastructure, the closing points of the three major sectors of nonferrous metals, steel, and coal formed a sharp contrast with the three major sectors of real estate, construction decoration, and building materials. These three major sectors ultimately failed to achieve a red closing situation. Under the pressure of a large amount of on-site selling, they all closed down by around 0.3%, showing a slight decline, and the volume continued to narrow.

Among the industry sector indices under the main line of large-scale infrastructure, the trends are relatively differentiated.

A number of concept leading stocks in this main field are still performing strongly, and the profit effect on the market is still strong.

Stocks such as Beijiang Communications Construction, Tianshan Cement, Shibei Hi-Tech, Chongqing Development, Financial Street, Taihe Shares, etc., still closed at the upper limit, and the upper limit orders were closed. Although the bullish sentiment obviously declined in the late trading, there was no reduction in the upper limit orders, or a large number of orders were withdrawn by the upper limit funds.

Of course, without the attention of a large number of investors in the market, the market heat is not good, and the fundamentals of a number of related concept stocks are very average. As the overall bullish sentiment in the late market declines, the trend is not so strong and a lot of gains have been given back. Among them, stocks such as Huaxin Cement, Shouchuang Group, and China Metallurgical Group... have retreated more than 4 points from their intraday highs in the last half hour of the late trading.

In addition to these concept stocks, or related stocks with relatively general fundamentals.

In this main area, the leading stocks in core industries with excellent fundamentals, such as Anhui Conch Cement, Huaxin Building Materials, China Construction, China Railway Construction, China Communications Construction, China Construction Bank, Poly Real Estate, Kewan Real Estate, China Merchants Shekou, Gemdale Group... and other stocks, not only did not show a significant decline in their share prices in the late trading, but instead surged upward when the market plunged in the late trading, attracting the participation of many major risk-averse capital groups.

In the new energy industry chain, the lithium battery sector and core industry sectors such as complete vehicles, auto parts, and auto decoration also showed a relatively obvious differentiation trend in the closing results.

The lithium battery sector ultimately closed up 1.57%, while the major industry sector indices of complete vehicles, auto parts, and auto decoration all showed a trend of closing slightly lower.

The differentiation trend in the main areas of the smartphone industry chain is more serious than that in the main areas of the new energy industry chain.

This main area...

Except for the Apple concept sector which maintained a positive trend, other related industry sectors and concept sectors all showed a green and falling trend. Moreover, even the Apple concept sector could not withstand the general plunge and decline in the late trading moments of the market. In particular, in the 10 minutes before the market closed, the Apple concept line fell back by almost 0.5% of the increase range.

And the many popular concept stocks and core leading stocks within the Apple concept sector.

Stocks such as Lixun Precision, O-Film Technology, Goertek, etc. basically showed a trend of rising and falling during the trading session, and the main capital flows during the day showed a net outflow.

Fortunately, the core leading stocks Changying Precision and Shuobei were still capped at the daily limit at the closing time, with no obvious signs of loosening of the daily limit orders.

Faced with such a closing situation...

At this moment, the main group of speculators of the 'Magic City Super Short Gang'.

Xu Qiao briefly reviewed the day's market trends and said with a smile, "I thought the surge in major infrastructure projects in the early afternoon trading would quickly push the Shanghai Composite Index to 3100 points. I didn't expect the market to end up in this increasingly polarized correction."

"That can't be helped," Lao Zhang responded. "In fact, the major infrastructure investment line worked really hard today, but the other main lines in the market didn't support it, so it naturally couldn't support it on its own. However, after the A-share market closed, the Hong Kong stock market continued to rise. I feel that today's adjustment trend will not have much impact on tomorrow's market performance. From the trend point of view, although the Shanghai Composite Index failed to achieve a substantial breakthrough of 3100 points, the trading volume has decreased, and the intraday amplitude of the market is also weakening. It is likely that there will be a narrow range of fluctuations here, and it is unlikely to continue to adjust, or in other words, a large drop or a sharp drop due to a collapse of sentiment."

"A big or even a sudden drop is out of the question," Old Wu said. "First, it hasn't been that long since the major positive news was released last Friday. Secondly, the market hasn't risen much in the past few days. Furthermore, a lot of profit-taking has already taken place, so there's no momentum for a big or even a sudden drop."

"Although a sharp drop or a crash is unlikely, the market is likely to remain within a narrow range of fluctuations, and the probability of this narrow fluctuation continuing is very high." Xu Qiao thought for a moment and said, "If the market continues to fluctuate within this narrow range, then I'm afraid we will have to be more conservative in our trading strategy."

"There's no need to be overly conservative, right?" Old Zhang took over. "Judging from the market's expectations and sentiment, the momentum for selling is clearly lacking. While the upward momentum is somewhat lacking, the market will undoubtedly maintain a sustained profit-making effect within a narrow range of fluctuations. So, we should just follow the market's hot spots and core hot themes. I believe that within these promising hot themes, a number of sustainable bull stocks will emerge, such as Oriental Yuhong and Beijiang Communications Construction."

Xu Qiao pondered for a moment, then took over Lao Zhang's words and continued, "Although the future outlook for several major hot themes remains positive, a lot of short-term profit-taking has already accumulated. Looking at the medium-term trend, there may still be many related hot stocks worth investing in. There's also a high probability that stocks like Oriental Yuhong and Beijiang Communications Construction will emerge in this area later. However, at this point in time, I feel that the risk of losing money if I rashly invest heavily is far greater than the risk of making a profit."

"In fact, the overall market has always been in a situation of divergence between bulls and bears," said Lao Wu. "Since this situation has always been divergent, then in this market differentiation, we only need to maintain our previous trading strategy. Although the current market volume is gradually shrinking, the local profit effect is still very strong, especially in one or two core concept leading stocks where short-term funds are concentrated. In fact... when the market profit effect is concentrated in a certain main line or sector, the core concept leading stocks are more likely to gather the market's bullish momentum and are more likely to create high profit potential under the continuous push of short-term funds."