"Damn it, I didn't see that wrong, did I? Was that a buy order of 2 billion yuan just now?"
When 'Qianzhou Maotai' hit the daily limit with a large order from Su Yi, and its intraday trading volume instantly surged past 2 billion yuan, Jia Yongxiang, the trading team leader of the 'Huarui Top-Performing Growth Fund No. 1' product, who had been closely monitoring the unusual movements of this stock, was completely dumbfounded.
It took him a few seconds to react.
"It was indeed a buy order of 2 billion yuan,"
said Song Shaopu, the product manager of 'Huarui Top-Performing Growth Fund No. 1', his gaze fixed on the trading screen where 'Qianzhou Maotai' had already hit its daily limit.
He questioned,
"Who is so extravagant? Forcing 'Qianzhou Maotai' to its daily limit with 2 billion yuan. Could it be... that spring has truly arrived for the baijiu industry?"
Their speed in increasing positions and following up on the market earlier was a bit slow and hesitant.
This resulted in many pending orders not being executed.
However, for a large-cap blue-chip stock like 'Qianzhou Maotai' with a market capitalization of hundreds of billions, even if it hit the daily limit now, there wouldn't be too high a premium tomorrow.
If one truly decided to significantly increase positions and buy in, there would always be opportunities, so there was no need to aggressively chase the high price.
"Anyone who dares to buy like this must be a top institutional fund in the industry,"
Jia Yongxiang said.
"E Fund? Noah Holdings? Or Huayin Asset Management? Or the proprietary fund centers of major financial institutions?"
"I'm not sure,"
Song Shaopu mused, feeling clueless. He paused, then added,
"However, the deviation in 'Qianzhou Maotai's' increase has exceeded 20% in the last three trading days, hasn't it? Perhaps this heavyweight blue-chip stock... will have 'dragon-tiger list' data after market close today. Then we'll know who's buying and who's selling."
"Yes, there's a high probability there will be 'dragon-tiger list' data,"
Jia Yongxiang said.
"With 'Qianzhou Maotai' hitting the daily limit, the entire 'baijiu' sector has gone crazy!"
Song Shaopu exclaimed, his eyes fixed on the unusual market movements.
In his view, in just this one minute.
As more and more buy orders piled up at the daily limit for 'Qianzhou Maotai', and market attention rapidly increased.
The entire 'baijiu' sector, and even the entire 'food and beverage' sector, including major baijiu brands such as 'Wuliangye, Luzhou Laojiao, Jincheng Fenjiu, Yanghe Brewery...', as well as major beer brand stocks and major beverage brand stocks from various regions, all quickly followed suit and rose, with intraday trading volumes rapidly expanding.
Meanwhile, amidst the surge in volume and price across the entire 'food and beverage' sector.
Related conceptual themes or sectors within the 'big consumption' main line, such as 'consumer electronics', 'smartphone industry chain', 'home appliances', etc., also showed rapid volume increases.
Bottom-fishing funds and main institutional funds all rushed in to snap up shares, pushing up stock prices.
"Damn, I feel like I sold at the wrong time, ugh..."
As the entire market's late-session trend showed strong momentum, and the 'baijiu' sector index rose by over 5%, Wang Shujie, the fund manager of Noah Capital's flagship 'Blue-Chip Mixed Select' fund, instantly regretted his recent decision to reduce his position by nearly 10,000 lots, or over 200 million yuan worth of chips, near the daily limit.
"The 'baijiu' sector is too crazy, isn't it?"
While Wang Shujie was regretting, Li Shangfeng, the fund trading team leader, had not yet fully recovered from the comprehensive surge in the 'big consumption' main sector.
He exclaimed,
"It's rare for the core main line of a major sector to surge like this."
"A sustained surge, continuous intervention by major funds..."
Wang Shujie said,
"This can only mean that the fundamentals of the 'baijiu' sector might have truly reversed completely. Alas... I really shouldn't have rushed to place that order just now. I'll probably have to buy back these lost shares at a higher price later."
"Who would have thought that a super-heavyweight like 'Qianzhou Maotai' would also hit the daily limit?"
Li Shangfeng said.
Wang Shujie nodded slightly and replied,
"That's true. This should be 'Qianzhou Maotai's' first daily limit in three years, right?"
"That's right,"
Li Shangfeng said,
"The last time this stock hit the daily limit was before the 'plasticizer' crisis in the baijiu industry."
"It seems that the 'big consumption' market's core main line is very noteworthy,"
Wang Shujie said.
"The daily limit hit by 'Qianzhou Maotai' is definitely an important signal of a shift in market trend style."
"Does this mean... that the focus and style of market investment in the future will lean more towards the main board?"
Li Shangfeng asked.
"But judging from the market performance, a host of conceptual stocks in 'small and medium-sized innovation enterprises', as well as the 'new energy industry chain' main line, also saw strong bottom-fishing funds intervention and sharp market movements."
Wang Shujie thought for a moment and said,
"It's too early to say whether the market investment focus and style will shift towards main board blue-chips and market 'white horse' stocks. But there's no doubt that the 'baijiu' sector and the 'big consumption' main line have become the vanguard main sectors for this round of market bottoming out, and they are definitely worth paying close attention to and analyzing."
"That's true,"
Li Shangfeng nodded slightly.
"The 'baijiu' sector has been sluggish for several years since the 'plasticizer' crisis. Compared to the overall market valuation levels, a host of well-known brand stocks in the baijiu sector are at historical low valuations.
As long as the fundamentals improve, performance increases, and market demand shows signs of expansion, then... there's definitely a significant gap between expectations and reality in this sector."
"So..."
Wang Shujie said,
"There's really a lot of smart money in the market!"
He hadn't expected that the first main sector to emerge in this round of market bottoming out would be the 'big consumption' main line and the 'baijiu' industry sector.
But after thinking it over carefully, he felt that it was both unexpected and reasonable.
And amidst their brief discussion...
The trading session had entered its final ten minutes of late trading.
At this point, the Shanghai Composite Index, fueled by a violent market-wide rebound and countless bottom-fishing funds, had turned around and returned to the 2700-point mark.
Meanwhile, the Shenzhen Component Index and the ChiNext Index, two major indices, rapidly counter-attacked from their intraday lows of around 4% down, soaring to gains of approximately 3.5%.
As for the market's core main lines and major popular stocks.
The 'big consumption' main line, under the strong offensive of the 'baijiu' sector, had become the area with the most severe concentration of major funds in both markets.
Within less than 10 minutes after 'Qianzhou Maotai' hit its daily limit, 4 baijiu stocks and related beverage manufacturing stocks had also touched the daily limit.
A host of food, retail, and white goods stocks also staged a desperate rebound at this time, triggering a wave of daily limits.
Aside from the 'big consumption' main line, where emotions exploded and various major funds rapidly scrambled for shares.
The 'new energy industry chain' main line, 'real estate industry chain' main line, 'mobile internet' main line, 'big finance' main line... and other major popular main lines all experienced extremely sharp increases in the late trading session.
The entire market, after more than a month of continuous sharp decline.
After the Shanghai Composite Index fell continuously from 3600 points to over 2600 points, and market sentiment remained frozen for a month.
At this moment, the market in both cities finally welcomed a long-awaited full-scale breakout, ushering in a rare and comprehensive surge.
"'Qianzhou Maotai' hits daily limit, Shanghai Composite returns to 2700 points, 'Big Finance' rebels across the board, market volume explodes... Without a doubt, this is the absolute bottom of this round of stock market crash."
When over 500 stocks in both markets hit their daily limits, and almost all stocks rose, turning red.
On major stock forums, communities, and bulletin boards where retail investors across the internet gathered, many investors who had been bruised and battered by this round of stock market crash and had originally completely despaired, now quickly became excited, their eyes sparkling with exhilarating light.
Everyone seemed to have been submerged in darkness for a thousand years, then suddenly saw the light.
At that moment, everyone's heart was filled with excitement, moved to tears.
"Increase positions, buy the dip!"
someone called out.
Unfortunately, few responded to the call to action.
Because after over a month of the 'Stock Market Crash 3.0' plunge, most retail investors still in the market were already trapped and had no spare money to continue adding positions at the bottom to buy the dip.
Of course, even if there were few responders, the hope, excitement, and exhilaration in everyone's eyes.
Did not diminish in the slightest.
Because for the volatile A-share market, everyone was like a devoted woman unwavering in love; no matter how many times 'A-shares', this scoundrel, hurt them, as long as there were signs of repentance, everyone, time and again... would ultimately choose to forgive.
They would still hope that the market could continue its bull run, replicating the long-term upward trend of the US stock market.
Amidst everyone's various emotional expressions of excitement, joy, elation, ecstasy, shock, bewilderment, and awe... the time quickly reached 3:00 PM, and both markets closed.
At the final closing moment.
The Shanghai Composite Index settled at 2711.48 points, closing with a volume-heavy positive candle, forming a "golden needle piercing the bottom" pattern.
At the same time, with the index's desperate counter-attack, the profit-making effect in both markets surged directly from extreme cold to intense heat, with over 700 stocks hitting the daily limit and over 2000 stocks closing in positive territory.
Many small and medium-cap concept stocks even saw violent rebounds of over 15 points intraday.
Facing such an explosive market trend and closing situation.
Immediately, major institutions, market hot money, large investors, and retail investors alike were all thrilled and happy.
Even the regulatory leaders who had been closely monitoring the market couldn't help but let out a long sigh of relief at this moment; their taut nerves, which had been strained for a month, finally began to relax.
After all, for the market to stop falling at this relatively extreme point was something everyone was pleased to see.
Because if the market's liquidity crisis was not substantially resolved.
If the Shanghai Composite Index continued to fall below 2600 points, and then even 2500 points...
Then the financial market crisis would multiply, countless margin accounts would be liquidated, countless pledged stocks would be force-liquidated, the risk control systems of financial institutions would collapse, IPO plans would be forcibly suspended again...
As one 'mine' after another was detonated, the ultimate 'systemic financial' crisis would likely become unavoidable.
Now, the Shanghai Composite Index had halted its decline at 2638 points, erupting into a full-scale counter-attack.
And thus ignited the dormant market sentiment, bringing forth profit-making opportunities.
Giving the market strong capital absorption.
Then various subsequent risks could temporarily be disregarded; the so-called 'liquidity crisis' would naturally be alleviated after a large amount of capital re-entered the market to buy the dip.
"Today's market trend is truly remarkable, it's been a long time since I've seen such a desperate counter-attack,"
In the market atmosphere after closing, countless people were still enthusiastically discussing the intraday desperate counter-attack.
Among them, in the internal group of the 'Foshan Faction' main speculative funds, Li Jinshi, while reviewing the market, exclaimed joyfully,
"Over 700 stocks hit the daily limit! This trend... is truly exhilarating."
"Old Li, you must have made a fortune today, haven't you?"
Chen Guiyun asked with a smile.
Li Jinshi laughed heartily and said,
"It's alright, I made 12 points. I didn't expect such a deep V-shaped rebound, and I acted a bit late, otherwise I could have made at least 15 points."
"That's impressive, 12 points of profit in a single day,"
Chen Guiyun said, slightly surprised.
"Haha... mainly because the market was good and the broader market was strong,"
Li Jinshi said.
"With over 700 stocks hitting the daily limit, you could buy almost anything, and as long as your luck wasn't too bad, you'd make a substantial profit today."
"After a continuous sharp decline, there must be a violent rebound,"
Liao Guoxiang said.
"It looks like the low of 2638 points for the Shanghai Composite Index truly marks the end of this 'stock market crash'. Next... I feel we can gradually increase positions. Regardless of how the subsequent market macro trend unfolds, there will certainly be a decent rebound."
"Yes, I think so too,"
Chen Guiyun nodded in response.
"However, the core main line that ignited the market today, and the leading stock that truly spearheaded the market's counter-attack and ignited all funds' bullish sentiment, feels a bit strange,"
Li Jinshi said.
"Who would have thought that today it would be the 'baijiu' sector, especially 'Qianzhou Maotai', taking on the absolute main offensive force."
"The 'new energy industry chain' core main line isn't bad either,"
Chen Guiyun said.
"'Dofluoride' also triggered a significant wave of sentiment today, guiding the overall counter-attack trend of 'small and medium-sized innovation' concept stocks and previously popular main lines."
"The 'new energy industry chain' core main line, especially the 'lithium battery' core sector, indeed performed very well today and was highly recognizable,"
Liao Guoxiang said.
"But if we're talking about what truly ignited the market's bullish sentiment, leading major institutional fund groups to form a bullish consensus, it was indeed the 'baijiu' sector and 'Qianzhou Maotai'."
"That's right,"
Li Jinshi replied,
"Especially that over 2 billion yuan in funds that forcefully pushed 'Qianzhou Maotai' to its daily limit at the end, it was truly astonishing. It was after that wave of funds led the market that the entire market trend completely exploded. Over 2 billion yuan... I wonder who had such a big hand."
"We'll know later,"
Liao Guoxiang said.
"'Qianzhou Maotai' has been strong for many consecutive days. Today, it's highly likely to be subject to the market's 'dragon-tiger list' data disclosure."
"Really?"
Li Jinshi chuckled and said,
"Then we can get a glimpse of the 'immortal' who led the market's full-scale counter-attack."
With that, he glanced at the time and shifted his gaze to the 'dragon-tiger list' data page for both markets, waiting for today's data to refresh.
And at this very moment, countless investors were doing the same as him.
After witnessing the shocking scene when 'Qianzhou Maotai' hit its daily limit, all investors were curious as to who had primarily driven this super-heavyweight stock to its limit today, thereby completely igniting the market.
Indeed, while everyone was curious.
News about 'Qianzhou Maotai' hitting its daily limit for the first time in three years also appeared on major financial websites, attracting the attention of countless institutions nationwide and sparking heated discussions within and outside the financial industry.
Amidst everyone's eager anticipation, countless institutions' heated discussions and speculations, and their longing gazes.
Soon, 5:00 PM arrived, and the 'dragon-tiger list' for both markets refreshed.
(End of chapter)