Rebirth of the Capital Legend

Just as the stock markets began to fluctuate again...

The core theme of "major infrastructure" has garnered the most attention from a broad range of investors. Consequently, leading stocks in the industry and popular concept stocks instantly attracted active buying interest, causing their prices to rise rapidly and return to their intraday highs.

At the same moment, other industry sectors and concept sectors in the market besides the 'major infrastructure' theme also saw a shift.

This leads to rapid blood loss.

The corresponding stock charts show a large volume of active selling, while there are very few active buyers, causing these industry sectors and concept sectors to fluctuate downwards or even plummet at the beginning of the afternoon session.

Specifically, this was observed in the market trend during the morning session.

The already weak film and television media, internet software, internet applications, and electronic information sectors are now even weaker, continuing to lead the decline in both markets. Moreover, many small and mid-cap stocks in these sectors, which had previously been abandoned by major funds and had chaotic internal shareholding structures, are now accelerating their downward trend.

At 1:05 PM, although the indices of several core industry sectors related to the "major infrastructure" theme, such as real estate, building materials, and building decoration, as well as a number of popular real estate stocks and other popular stocks that have attracted much attention from market investors, were still actively rising and expanding their intraday gains, the Shanghai Composite Index's decline had widened compared to the morning close due to the continued decline in other industry sectors and concept stocks. At the same time, the Shenzhen Component Index and the ChiNext Index saw their declines widen to nearly 1% in just a few minutes after the market opened.

At 1:06 PM, in the new energy industry chain, the three major sectors of automobile manufacturing, auto parts, and auto decoration saw their declines widen to 1%. At the same time, the lithium battery and charging pile concept sectors, which had been in positive territory in the morning, also changed from slightly positive to negative territory.

At 1:07 PM, the consumer electronics sector, a key part of the smartphone industry chain, changed from positive to negative territory. Meanwhile, the gains in the Apple concept sector narrowed further from 0.5% to 0.3%. The number of stocks in positive territory also decreased from more than 10 to less than 6.

At 1:08 PM, in the main consumer sector, the retail sector began to show a downward trend, while the liquor and beverage and white goods sectors maintained a slightly positive trend.

At 1:09 PM, Tinci Materials, a core leading stock in the new energy industry chain, experienced a brief plunge. At the same time, stocks such as Tianqi Lithium, Ganfeng Lithium, Lead Intelligent Equipment, and Penghui Energy also saw concentrated selling by market funds.

At 1:10 PM, in the main sector of the smartphone industry chain, stocks such as Changying Precision, Goertek, and O-Film Tech also experienced varying degrees of decline and sharp drops. However, amidst the brief dips of these stocks, Lixun Precision, as the core leader of this sector, remained strong, with continuous active buying. Moreover, after a brief dip, the stock price quickly rebounded to near its previous high.

At 1:11 PM, on the trading screen of Shuguang Shares, which had already seen a significant increase in trading volume in the morning, three consecutive large sell orders of 10,000 lots each appeared. However, these three consecutive large sell orders did not immediately break up the more than 300,000 lots of buy orders that were locked at the daily limit. But it was obvious that after these three large sell orders, the frequency of small sell orders actively placed at the daily limit also began to increase, while the rate of increase in the number of buy orders at the daily limit gradually weakened. The potential bullish and bearish forces seemed to be reversing.

At 1:12 PM, in the film and television media sector, the stock of Baofeng Technology suddenly experienced another sharp decline. On its trading screen, large sell orders suddenly concentrated, instantly driving the stock's decline from the original 3% drop to nearly 6%.

At 1:13 PM, following the sudden plunge in Baofeng Technology's stock price, other popular stocks in the film and television media sector that attracted significant investor attention, such as LeTV, Huawen Online, and Huace Film & TV, also experienced varying degrees of sudden drops.

At 1:14 PM, sell orders of 5000 lots or more began to appear on LeTV's trading screen, while Huawen Online also experienced a flash crash.

At 1:15 PM, the market's online games, mobile games, and other game-related concept stocks also experienced a rapid decline. Among them, mobile game concept stocks such as Ourpalm and Xunyou Network, like LeTV and Baofeng Technology, also experienced a rapid decline, with a large amount of funds in the market selling off these stocks.

At 1:16 PM, due to the rapid decline in the film and media sector, the internet software and internet application sectors, which are highly correlated with its trend, also fell rapidly. Netspeed Technology fell by 3%, and stocks such as Eastmoney, Tonghuashun, and Yinzhijie, which are more inclined towards the internet finance sector, also experienced a sharp decline at this moment.

At 1:17 PM, the already weak technology sector, encompassing film and television media, internet software, and internet applications, saw a combined net outflow of 7 million yuan in main funds. This is in contrast to the market's closing in the morning, where a total of 5 million yuan flowed out in just 17 minutes. This indicates that the main funds in the market are still fleeing the technology sector, which is experiencing significant losses, either by cutting their losses and leaving the market or by flowing into defensive sectors where losses are less severe.

At 1:18 PM, the two major sectors of petrochemicals and finance, namely the two oil giants and the four major banks, simultaneously showed unusual activity. Large amounts of buying funds began to sweep up these core stocks, causing their prices to rise in unison. Driven by these leading stocks, the Shanghai Composite Index, which had been accelerating its decline, immediately stopped falling and began to slowly recover.

At 1:19 PM, following the stocks of PetroChina, Sinopec, and the four major banks, the liquor sector, including Moutai, Wuliangye, and Luzhou Laojiao, as well as the power sector, including State Power Investment Corporation and Yangtze Power, also began to attract the attention of large-scale buying funds, resulting in varying degrees of price increases.

At 1:20 PM, influenced by the rebound in these weighted indices, the Shanghai Composite Index's decline narrowed back to within 0.4%.

At 1:21 PM, while the Shanghai Composite Index received support from heavyweight stocks and its decline gradually narrowed, the Shenzhen Component Index, the ChiNext Index, and the SME Composite Index continued to widen their losses.

At 1:22 PM, the decline in both the ChiNext Index and the SME Index widened to 1%.

At 1:23 PM, the major infrastructure sector once again attracted concentrated investment from major market players. Among them, Oriental Yuhong, after experiencing fluctuations at the beginning of the afternoon session, hit a new intraday high and continued its strong performance.

At 1:24 PM, Baofeng Technology's stock price fell by 7%.

At 1:25 PM, the number of buy orders at the daily limit for Shuguang Shares began to shrink to 27 lots.

At 1:26 PM, the gap between the Shanghai Composite Index and the ChiNext Index widened to nearly 1%, indicating a divergence between large-cap and small-cap stocks. Large-cap stocks either maintained sideways movement or attracted attention from major buying groups, slowly recovering their intraday losses. Meanwhile, small- and mid-cap stocks, especially those lacking positive news, long-term positive expectations, and fundamental support, became the targets of major market players, experiencing accelerated declines.

At 1:27 PM, LeEco's stock price, which is heavily weighted in the ChiNext index, also fell by around 5%.

At 1:28 PM, the number of buy orders for Shuguang Shares at the daily limit down price decreased rapidly to around 23 lots.

At 1:29, on the trading screen of Shuguang Shares, internal sell orders increased rapidly, with continuous large sell orders of tens of thousands of lots being frantically dumped. The number of sell orders dropped sharply from about 23 lots to around 18 lots in just one minute, and this rapid decrease was still increasing rapidly.

At 1:30 PM, on the trading screen of Shuguang Shares, a series of large sell orders of tens of thousands of shares, coupled with countless small sell orders from retail investors, instantly broke through the nearly 18 shares of buy orders on the trading screen, causing the stock to immediately fall back from its limit up price.

At 1:31 PM, after a series of limit-up days, Shuguang Co., Ltd. suddenly experienced a sharp drop in its share price, falling from the limit-up price to around 6% of its previous gain.

At 1:32 PM, after Shuguang Shares' stock price plummeted, the entire new energy industry chain was affected. Several major sectors, including automobile manufacturing, auto parts, and auto decoration, as well as charging piles and lithium batteries, all experienced rapid declines. Corresponding core stocks were also subject to concentrated selling by a large amount of market funds in an instant.

At 1:33 PM, Shuguang Shares, which had previously hit its daily limit up and then fell back, saw its concentrated selling of shares become a hot commodity, prompting a frenzy of buying. The stock price was instantly pulled up from a 6% gain and surged back towards the daily limit up.

At 1:34 PM, after a massive surge in trading volume, Shuguang Shares' stock price rebounded to around 8%.

At 1:35, the stock price of Shuguang Co., Ltd. once again came close to the limit up position. However, due to the strong selling pressure, even though the stock price returned to the limit up position, no major speculative funds dared to place large orders to lock the price at this position.

At 1:36, lacking large buy orders, Shuguang Co., Ltd.'s stock price once again plummeted from near the limit-up price. This time, the drop was even more severe than the initial collapse of the limit-up price. Within one minute, the stock price dropped to nearly 3%, which means it fell by almost 7 points in one minute.

At 1:37 PM, as Shuguang Shares failed to regain its position and its decline intensified, the entire new energy industry chain collapsed. The indices for automobile manufacturing, auto parts, and auto decoration all saw their intraday declines widen to over 1%, while the indices for lithium batteries and charging piles also quickly approached 1%. Among them, Tianci Materials experienced a rapid sell-off, wiping out all its gains, while stocks such as Tianqi Lithium, Ganfeng Lithium, Lead Intelligent Equipment, and Penghui Energy all turned from positive to negative territory.

At 1:38 PM, amidst the complete collapse of the new energy industry chain, the sudden drop in the stock price of Shuguang Shares, a popular stock in both Shanghai and Shenzhen stock exchanges, also spread to other main sectors of the market. Among them, the smartphone industry chain, which had once been linked to the new energy industry chain, also began to decline steadily. Correspondingly, the selling pressure on the core leading stocks increased, while the active buying retreated one after another.

At 1:39 PM, Tianci Materials and Changying Precision, two popular leading stocks in the new energy industry chain and the smartphone industry chain, respectively, both plummeted by more than 3% from near their highs in the short few minutes following the collapse of Shuguang Shares.

At 1:40 PM, only the major infrastructure sector remained in the two markets, maintaining its intraday high level.

At 1:41 PM, affected by the further decline of Shuguang Shares, the limit-up order of Beijiang Jiaojian, a core leader in the major infrastructure sector, also showed a slight loosening. However, after its limit-up order quickly decreased by tens of thousands of lots, new main buy orders followed one after another, which made this market sentiment leader return to a scale of more than 30 lots of limit orders, stabilized the market and stopped the brief concentrated panic selling in the market.

At 1:42, everyone saw that the stock of Beijiang Jiaojian had stabilized again, and the buy orders had further strengthened, and the panic selling sentiment in both markets began to ease slightly.

At 1:43 PM, stocks such as Shuguang Shares, Tinci Materials, Changying Precision, LeTV, and Baofeng Technology, which had experienced rapid declines, began to slowly rebound, reabsorbing the buying funds from bargain hunters. At the same time, the panic selling volume on these stocks also began to gradually weaken.

At 1:44 PM, the share price of Oriental Yuhong, a core leading stock, continued to rise, further refreshing the intraday high.

At 1:45 PM, with the major infrastructure sector stabilizing market sentiment and leading stocks continuing to strengthen, and with core heavyweight sectors such as liquor, white goods, finance, and power continuing to absorb buying funds and slowly rising, the market's panic selling sentiment further weakened, and the declines of the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all began to narrow.

"The market plunge came earlier than usual today." Noticing the obvious divergence between large and small-cap stocks in the market, Li Jinshi, a member of the 'Fushan Group' of major speculative investors, stared at the screen and remarked, "However... it seems the market is still resilient. This wave of panic selling just now didn't actually push the market down."

"The main reason it didn't crash is because the infrastructure sector is too strong." Hearing Li Jinshi's sigh, Chen Guiyun chimed in, "It truly lives up to its reputation as the core theme where major funds from all sides of the market are concentrated in buying. It's incredibly powerful, completely unaffected by market panic. Even Oriental Yuhong stock bucked the trend and hit a new high. It seems... the infrastructure sector is far from over."

"However, the new energy industry chain has collapsed somewhat due to the impact of Shuguang Shares' sudden drop in price." Li Jinshi continued, "This line should be adjusting next, right? It looks like Shuguang Shares is also about to have a sharp drop. With such a large opening volume, once the sentiment collapses, tomorrow when this stock opens, it will be a test of who can be the fastest."