"What's going on? With such strong bullish market sentiment, the index actually opened lower."
Noticing that the opening trend of the two major market indices was significantly below expectations, and also that the opening trends of the top 20 most-watched core leading stocks by investors in both markets were mostly below expectations.
At this moment, within the main speculative capital group of the Qilu Bang, which was preparing to inject capital into 'Teli A' at market open to recover previously lost chips, Zhao Zhiyuan of 'Weihai Rongcheng Shidao' was visibly stunned, somewhat failing to understand this opening situation.
The core figure of the Qilu Bang, Liang Jiucheng of 'Jinan Lishan Road,' heard Zhao Zhiyuan's question, pondered for a moment, and said:
"It's likely that after the Shanghai Composite Index touched 3450 points, the trapped capital accumulated during two rounds of stock market crashes surged out, thereby forming a strong suppression on the market trend."
"Right."
Another prominent figure of the Qilu Bang, Zhang Wei of 'Weihai Rongcheng Chengshan,' responded,
"The index's rebound to this level has already entered the pressure zone of trapped capital from two stock market crashes. To move higher, in addition to needing bullish sentiment support, it also requires a massive amount of incremental capital to lead the charge. Otherwise... it feels like the index will be very difficult to push up."
"Doesn't this mean this round of rebound is almost complete?"
Zhao Zhiyuan asked.
Liang Jiucheng replied:
"The index's rebound should be almost over, but it's clear... the rebound trend for conceptual themes has not ended."
"From the market's structure, the rebound of the ChiNext Index and the SME Board Index should not yet be complete."
Zhang Wei said,
"The Shanghai Composite Index on the main board is mainly suppressed too heavily by the 'big finance' and 'big infrastructure' sectors. The 'big finance' sector, in particular, barely fell during the two stock market crashes, so it won't rise much either."
"No matter how the index moves or fluctuates next, there will certainly still be localized market opportunities."
Liang Jiucheng said,
"As for 'Teli A' and its associated core conceptual theme of 'state-owned enterprise reform,' it currently... shows no signs of ending."
"Old Liang, are you still planning to get into 'Teli A'?"
Zhao Zhiyuan asked.
Liang Jiucheng said:
"Without a doubt, 'Teli A' is the bullish flag of the current two markets. If we don't buy this stock, there's no need to buy other stocks either."
"If you're going to buy, buy the leader."
Zhang Wei said,
"I support Old Liang's idea."
"But 'Teli A''s trend during today's call auction, it's clear... is also somewhat below expectations."
Zhao Zhiyuan said,
"I originally thought that with such a good performance on yesterday's Dragon and Tiger List, even if this stock couldn't open with a limit-up and shrinking volume today, it could at least open higher at around an 8% increase. Unexpectedly..."
"I actually think such an opening, with some market divergence, is not a bad thing."
Liang Jiucheng said,
"A situation of overly consistent expectations is what's truly frightening. After all, for 'Teli A,' there are already three major capital holdings in the market with positions exceeding 100 million yuan.
If these three major capital groups – 'Jinjie Fuxing Road,' 'Mingzhou Jiefang South Road,' and 'Huzhou Laodong Road' – don't release some shares in this divergent situation, and all lock up their positions, I'm afraid the market trend won't go much further."
As the saying goes, divergence and turnover create market opportunities.
An overly consistent situation with shrinking volume will only lead to a rapid expansion of profit-taking orders in the market, thereby creating immense pressure on the market.
If 'Teli A' had indeed opened higher with shrinking volume at the limit-up or near the limit-up today, he would not have dared to take on the stock's chips.
This current opening trend clearly aligns with his psychological expectations.
"That being said... it does make some sense."
Zhao Zhiyuan pondered for a moment before responding,
"Hesitating too much can lead to trouble. Since that's the case... let's do it!"
After speaking, he turned his gaze back to 'Teli A''s real-time transaction interface.
After their brief discussion.
By then, the market had entered the official continuous auction trading session at 9:30 AM.
And as the market entered the official trading session, 'Teli A,' which was highly watched by short-term investors, instantly surged with massive volume.
Before many could react, its stock price soared linearly to over an 8% increase.
"Wow... that's fast."
As the Qilu Bang aggressively swept up chips and pulled up the stock price, Liu Chenggong, a speculative capital operator from 'Huatai Securities Jinling Taiping South Road,' who was also watching this stock and hesitating whether to take on and buy at this level, gazed at the rapidly changing trend of 'Teli A' and clearly showed a surprised expression on his face.
"Xin-yi, 'Teli A' is being pulled up too fast. It feels... hard to buy chips!"
After hesitating for a moment, Liu Chenggong sent a message to Liang Xinyi, a speculative capital operator from 'Guotai Junan Securities Jinling Taiping South Road,' with whom he often collaborated on market movements.
Liang Xinyi replied:
"The rapidly shrinking volume trend indicates that internal funds are too heavily locked up. Under this kind of trend, once it hits the limit-up, if the broader market performs poorly, it's highly likely to break the limit-up again. Ah... never mind. We can only watch 'Teli A.' It's safer to focus on recent new shares instead."
"Is it 'Yishang Display'?"
Liu Chenggong asked.
"New shares leaning towards the 'lithium battery' sector."
Liang Xinyi said,
"I feel that the lifecycle of the 'lithium battery' sector will be a bit longer, looking at it now."
"Alright."
Liu Chenggong said,
"At this level, participating in 'Teli A' doesn't hold much significance anymore."
After speaking, he sighed softly, and immediately shifted his gaze from 'Teli A''s market to the markets of 'Penghui Energy' and 'Tinci Materials'.
However, as these two major speculative capital groups, intending to increase positions, abandoned taking on 'Teli A' and following up,
in the next moment, 'Teli A' boldly hit the limit-up again.
And immediately after it touched the limit-up price, within a mere ten seconds, its buy channel was completely sealed off by a flood of chasing buy orders.
At this point, market trading time had just reached 9:34 AM.
Its turnover rate had just broken 4%, and the intraday trading volume hadn't even reached 600 million yuan.
However, this time.
The early limit-up trend of 'Teli A,' under the fierce assault of major funds, did not fully ignite a counterattack across the entire market.
After 'Teli A' hit the limit-up.
The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, as well as core conceptual themes like 'state-owned enterprise reform,' 'securities finance holdings,' 'internet finance,' 'new shares,'... and many other popular leading stocks in the market such as 'Chuansheng Jiuzhou,' 'Meiyan Jixiang,' 'Yishang Display,' 'Tiancheng Automation,' 'Tonghuashun,' 'Puyang Huicheng,'... all only briefly surged for a while, and then gradually fluctuated and fell back to their starting points under the heavy suppression of trapped market capital.
Seeing that 'Teli A,' this core market leader, was unable to drive a bullish trend across the entire market,
many short-term capital groups that followed to take on this stock,
as well as numerous capital groups that followed, scrambling for chips on the limit-up board and actively placing orders to seal the limit,
and even major profit-taking funds in the market, such as 'Sangtian Road,' 'Shangtang Road,' or even 'Mingzhou Jiefang South Road' and 'Jinjie Fuxing Road,' instantly realized something was wrong.
Therefore, without waiting for market sentiment to further escalate,
the limit-up bid orders on 'Teli A''s market began to rapidly decrease, while the main sell orders on its limit-up board also started to increase sharply.
The sharp reduction in bid orders, coupled with concentrated selling pressure from profit-taking,
caused 'Teli A''s limit-up situation to break again, unable to hold for even 10 minutes.
(End of Chapter)