And amidst the index's significant gap-up opening.
The main hot topics in both markets, such as 'big finance,' 'big infrastructure,' 'SOE reform,' 'CSFC holdings,' 'lithium batteries,' 'newly listed stocks,' etc., which are the conceptual themes heavily focused on by investor groups, exhibited a large gap-up and surged, instantly creating a very strong profit-making effect on the market.
Of course, at this moment, not all main hot sectors performed very strongly.
For example, the 'national defense and military' conceptual sector.
Due to the cashing out of earlier speculative expectations after the 'grand military parade' ceremony on National Day, all stocks related to the 'military industry' conceptual theme, as well as the 'national defense and military' sector index, formed a clear inverse pattern to the broader market trend, showing a significant contrarian low-open market posture amidst the overall gap-up of several major indices.
As for the four stocks that Su Yi held heavily: Tianqi Lithium, Ganfeng Lithium, Duofoluo, and Tianci Materials.
Under the influence of the broader market and the 'lithium battery' sector index opening with a significant gap-up.
All opened with gains around 5%, demonstrating an extremely robust market trend and strong bullish sentiment from funds.
"The extent of this market's gap-up is truly a bit frightening!"
Noticing the broader market in both cities and the explosive opening situation of the entire market, in the 'Modu Ultra-Short Gang' main speculative fund group where Su Yi was, shortly after Xu Qiao complained, 'Xinzhalu's' Old Zhang couldn't help but exclaim,
"This completely exceeds everyone's expectations; I just don't know if such an opening situation can stabilize after the market officially opens?"
"It should still be able to stabilize,"
said 'Yintailu's' Old Wu.
"During the National Day holiday, overseas markets, especially US stocks, rose by over 10%. According to the average increase of overseas markets, the A-share market has a strong need for catch-up gains.
Even a 3% gap-up is below the average increase of overseas markets during the holiday. Coupled with the market being held back for a full 7 days, everyone's trading desire is extremely strong.
And with ample positive news stimulus, funds that reduced or cleared positions before the holiday will definitely be eager to buy back shares during trading. Thus, the market has bullish funds to absorb selling and emotional support.
It's highly unlikely for a significant intraday pullback and decline. Furthermore, in this situation, even if there is an intraday pullback, I think maintaining today's gap-up should definitely not be a problem."
"Old Wu makes a good point,"
responded Chen Ge from 'Xinyuelu'.
"During the National Day suspension, A-shares lagged overseas markets by so much. Plus, in the few trading days before National Day, major indices had already completed a round of adjustments, retesting previous support points, fully consolidating the share structure, and digesting short-term accumulated profit-taking.
What's more, currently, there's an accumulation of various positive news on the market, and bullish sentiment continues to surge. Logically speaking... with these factors influencing it, there's no reason why the current opening situation shouldn't stabilize."
"The market is highly likely to maintain a surge today,"
said 'Xinzhalu's' Old Zhang.
"Ah, it's a pity I reduced most of my positions before the holiday. Now, if I want to increase shares, I'll have to chase the high."
"Old Zhang, at least you still have some positions; I have none at all,"
Xu Qiao said.
"This feeling of missing out is truly terrible."
"We are all in light positions,"
said Chen Ge from 'Xinyuelu'.
"No one could have predicted that overseas markets would be so strong during the National Day holiday, nor could anyone have foreseen that bullish sentiment would build to this extent during the holiday. After all, according to past market trends around National Day, the broader market typically had a higher probability of adjusting around that time."
"Brother Su should be heavily invested, right?"
said 'Yintailu's' Old Wu.
"Probably," Xu Qiao said.
"Brother Su increased so many shares in the 'lithium battery' main theme before the holiday, especially in Duofoluo; he definitely didn't have time to exit. After all, his 'Financial Street Fuxing Road' trading seat didn't appear on the Dragon and Tiger list data for the last two or three trading days before the holiday. By the way... Duofoluo, do you all think it can still go up?"
"It should be possible,"
said 'Yintailu's' Old Wu.
"Without a doubt, this stock is still a highly-watched core hot stock in both markets. And before National Day, although the 'lithium battery' conceptual theme adjusted for two days and failed to create a stronger market profit-making effect, its core logic still exists. I feel we can continue to trade this stock."
"The speculative logic for Duofoluo is good,"
said 'Xinzhalu's' Old Zhang,
"but its internal share structure doesn't feel very good. Institutional holdings in this stock are too high, so it might not be easy to speculate. And I feel that Brother Su's significant increase in this stock's shares wasn't for its short-term trading trend, right?"
"Duofoluo is more like a trend stock,"
Chen Ge from 'Xinyuelu' mused for a moment, then said,
"Stocks like this are difficult to trade without the cost advantage of early positions. Relatively speaking... if market bullish sentiment is good, I think Mei Yanxiang will be easier to trade."
"'Mei Yanxiang' stock?"
Xu Qiao was slightly startled, and said,
"The two main conceptual themes of 'CSFC holdings' and 'pension fund holdings'... it seems they haven't been fully recognized by market funds. Related hot stocks generally opened somewhat weaker than the index performance."
"Indeed,"
said 'Xinzhalu's' Old Zhang,
"I still feel the 'lithium battery' line is more reliable."
"The two main conceptual themes of 'CSFC holdings' and 'pension fund holdings' had relatively weaker performance during the call auction phase, but before 'Teli A', the overall leader of conceptual themes, resumes trading, the stock most likely to consolidate market bullish sentiment and short-term fund synergy in both markets should only be 'Mei Yanxiang', right?"
"Whether 'Mei Yanxiang' can still be speculated upwards, whether it can have a second wave of speculation like 'Teli A', still depends on the synergy of funds on the market after the official opening. Anyway, I feel this stock has potential."
"Where there's expectation, there's market movement. The expectation for a second wave of speculation in 'Mei Yanxiang', judging from its performance before the holiday, has clearly not dissipated."
As everyone analyzed the market trends in both cities and messages in the group refreshed rapidly...
Soon, it was 9:30 AM, and both markets entered the official trading session.
As soon as the market started trading, the major core indices—Shanghai Composite, Shenzhen Component, and ChiNext Index—soared rapidly and continued to rise under the influence of strong bullish sentiment.
Among them, the 'lithium battery' sector, which is highly watched by a broad base of investors.
Instantly attracted countless bullish funds to follow and buy, becoming the leading conceptual theme in both markets.
And amidst the continuous breakout of the 'lithium battery' conceptual theme, which aggressively attracted bullish funds to gather and buy in both markets.
The four hot stocks heavily held by Su Yi—Duofoluo, Ganfeng Lithium, Tianqi Lithium, and Tianci Materials—also continued to surge violently, constantly hitting new intraday highs.
Among them, especially Duofoluo, under the massive gathering of funds scrambling for shares, launched a charge towards the daily limit with exploding volume just 8 minutes after the official opening.
"Today's market sentiment is really good!"
Su Yi watched Duofoluo begin its assault on the daily limit, a smile gracing his face as he praised.
Before the market opened, based on the trends in overseas markets during the holiday and pre-market sentiment, he had anticipated that today's market would be relatively strong, but he hadn't expected... it to be so fiery.
Amidst his exclamations.
At 9:41 AM, Duofoluo's stock price touched the daily limit.
However, due to insufficient intraday turnover, there was significant selling pressure at the daily limit.
This caused Duofoluo, after touching the daily limit, to fail to completely lock it, instead forming an oscillating market trend of breaking the limit and falling back.
Affected by Duofoluo breaking its daily limit.
Tianqi Lithium, Ganfeng Lithium, Tianci Materials, etc., stocks in the same sector and with strong correlation to Duofoluo's trend, also experienced oscillating pullbacks under concentrated selling.
And when the entire 'lithium battery' sector showed significant bullish and bearish divergence at intraday highs.
The 'CSFC holdings' and 'pension fund holdings' conceptual sectors, which had undergone relatively sufficient adjustment, suddenly surged forward, led by the conceptual leading stock 'Mei Yanxiang', exhibiting a concentrated, explosive, straight-line upward movement, frantically gathering and attracting the attention of short-term investors and various short-term speculative funds in the market.
"Hmm..."
Su Yi noticed the unusual movement in the two main conceptual themes of 'CSFC holdings' and 'pension fund holdings', expressed surprise, and thought to himself:
"It seems there are active main speculative funds, taking advantage of the overall improvement in market bullish sentiment, to play the second wave of speculative expectations for previous conceptual leaders!"
For the entire market.
Although 'Teli A', the overall leader of this concept, was suspended.
However, the explosive profit-making effect it generated continued to linger in the minds of all short-term speculative funds in the market.
In other words, with the high-space guidance provided by 'Teli A'.
A host of previous conceptual leaders in the market, still at relatively low positions, now possess the potential expectation for a second wave of market speculation.
As the saying goes, as long as there is an expectation, there will be funds to trade that market movement.
Previously, this speculative logic line did not see a breakout and did not receive unanimous recognition from the main speculative funds in the entire market because the overall market bullish sentiment was poor before National Day, and with the National Day holiday approaching, investors' risk appetite was low, and the market lacked sufficient emotional support, which caused various main speculative funds to be hesitant.
But now...
Under the influence of successive positive market news and overseas market trends.
The sentiment in the market has undergone a drastic change compared to before National Day.
Countless funds that exited before National Day are now frantically re-entering the market, buying back the shares they previously discarded.
Thus, with sufficient bullish sentiment support and enough incremental capital to take over, the various main speculative funds in the market naturally would not miss this opportunity for speculation.
After understanding this point.
Su Yi knew that the main thematic areas that heavily concentrated previous conceptual leading stocks, such as 'CSFC holdings,' 'pension fund holdings,' 'newly listed stocks,' 'internet finance,' etc., would most likely experience a good, sustained market trend under the impetus of the main speculative funds.
However, even though he knew there were opportunities in these areas.
At this moment, he neither considered adjusting positions and switching stocks nor thought about making appropriate reductions and taking profits from the 'lithium battery' main theme.
After all, he understood better than anyone.
The fundamental reversal of the 'lithium battery' industry had just begun.
Whether it was the price cycle reversal of 'lithium carbonate' or 'lithium hexafluorophosphate', it was merely the 'tip of the iceberg'.
If it weren't for the fact that he had already bought the maximum position limit of freely tradable shares in Tianqi Lithium, Duofoluo, Ganfeng Lithium, and Tianci Materials.
He would even be thinking of continuing to borrow funds from brokerage firms.
To further increase his bullish positions in core stocks within the 'lithium battery' sector.
And for stocks with an industry cycle reversal and strong price increase expectations for their main products, under solid logic, he wasn't afraid of a lack of funds to drive up their prices.
Therefore, regardless of the short-term market trend of the stocks he held heavily.
He would not move his positions, nor would he easily reduce his holdings to take profits, or voluntarily give away cheap shares.
Only when the industry cycle reversal of 'lithium batteries' becomes a reality, and after continuous surges, the stock prices fully reflect all future positives and expectations.
Would he consider reducing his positions.
Of course, if there were other opportunities that greatly enticed him along the way.
Stocks that he felt offered larger speculative space and quicker, faster market profit extraction, he might also undertake corresponding partial position adjustments.
Just as he previously traded 'Teli A' and Duofoluo simultaneously on two fronts.
Along with his contemplation and meticulous observation of market trends.
As market trading time continuously progressed.
At 10:15 AM, 'Mei Yanxiang', which had only shown a flat opening in early trading, unexpectedly hit the daily limit with the combined efforts of continuous follow-up funds and the joint manipulation of various main speculative funds, igniting the entire market's enthusiasm for a second wave of speculation in previous conceptual leading stocks.
At the same time, it also led to a full-scale breakout of the two major conceptual sectors: 'CSFC holdings' and 'pension fund holdings'.
Causing related stocks like Yong'an Pharmaceutical, Lansheng Co., Ltd., Beihua Co., Ltd., Sunlight Lighting, New World, Guoxin Culture, Wenfeng Co., Ltd., etc., to all surge dramatically in a straight line.
And after 'Mei Yanxiang' successfully locked in the daily limit.
'Newly listed stocks,' 'internet finance,' 'SOE reform,' etc., a host of hot conceptual themes, were also fully driven.
At 10:26 AM, several near-term newly listed stocks, such as Yishang Display, Tiancheng Control, and Puyang Huicheng, all touched the daily limit.
At 10:47 AM, Tonghuashun, a core heavyweight stock in the 'internet finance' sector, touched the daily limit.
At 11:06 AM, in the 'SOE reform' conceptual theme sector, Chuansheng Jiuzhou was also pushed to the daily limit by multiple attacking buying funds.
And when trading in both markets progressed into the afternoon.
After further fermentation of bullish sentiment during the midday, the market's surge became even more intense and aggressive.
At 1:21 PM, the Shanghai Composite Index reached a gain of 4.21%.
At 2:09 PM, the ChiNext Index even touched the 5% intraday gain threshold at one point, with over 500 stocks hitting the daily limit in both markets.
Finally, in the closing stage.
The heavyweight main themes on the main board slightly pulled back.
Causing the Shanghai Composite Index to close at a gain of 2.97%, while the ChiNext Index closed almost at its highest point of the day, surging by 5.17%.
And thanks to the comprehensive surge of the ChiNext Index.
The entire 'SME and ChiNext' stock group, centered on the ChiNext Index and SME board constituent stocks, as well as related stocks in main conceptual themes where short-term speculative funds are actively gathered, such as 'newly listed stocks,' 'CSFC holdings,' 'SOE reform,' 'backdoor listings,' 'internet finance,' etc.
All experienced a violent rebound, with the number of stocks hitting the daily limit reaching over 500.
Among them, the four stocks heavily held by Su Yi—Duofoluo, Tianqi Lithium, Ganfeng Lithium, and Tianci Materials—except for Duofoluo and Tianci Materials which ultimately locked in the daily limit, the other two stocks maintained gains in the 5% to 7% range at market close.
Although the performance of these four stocks was relatively weaker than the leading stocks of major conceptual themes like Mei Yanxiang, Tonghuashun, Chuansheng Jiuzhou, Tiancheng Control, etc., they still clearly outperformed the broader market indices in both cities, continuing to demonstrate a strong and sustained profit-making effect superior to the general market.
And in the context of a full-scale violent rebound in both markets, with heavily held individual stocks surging.
His personal assets and position size also reached new highs, with his stock holdings reaching 1.65 billion and personal assets exceeding 1.25 billion, once again profiting over 100 million in a single day.
(End of Chapter)
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