After Yixing Video was pressed on the lower limit, Xingyu Technology was immediately followed by the lower limit, and then the stock price of Quantitative Capital, which had just resumed trading before the holiday, plunged from the 4.78% water level to 38.51 yuan, and the price fell -10.00% to seal the lower limit.
After that, all the Galaxy concept stocks were trading at their daily limit.
All of them have been reduced to lower limits. Xingyu Technology, which had a trading volume of 8.7 billion before the holiday, is now stuck on the lower limit and has only sold less than 2 billion.
As the last Galaxy concept stock fell to its limit, the market index also fell to -1.24% at this time.
Around 9:37, major market software pushed messages:
[12 galaxies including Xingyu Technology, Weibo, Quantitative Capital, etc. collectively fell to the limit, and the overall market value evaporated by more than 470 billion.]
…
Shareholders are confused!
All funds in the entire market are confused!
Everyone frantically clicked on the market openings of various galaxy concept stocks. The investors who were looking at the market, including some hot money, institutions, etc., all clicked on the market openings of these stocks at this time.
As a result, the attention of these stocks has skyrocketed. Today, among the top 12 stocks in the two major cities' popularity lists are the Galaxy concept stocks, because everyone is searching for these stocks.
The top 10 stocks on the popular list are all on the lower limit, which is unprecedented.
Stock investors exploded.
[Holy shit, what happened?]
[Quantitative Capital, you dropped the limit when I went to the toilet?]
[Good guy! I call you good guy! Are they all down?]
[What's going on? What breaking news has been sent?]
[Silly children, run quickly——!]
[The sky is falling and the earth is falling apart, this is Wardma...]
[Who is smashing the market?]
[This is definitely not something retail investors can do. What happened?]
[Okay~, it finally hit the limit, and finally started killing!]
[Whale Luo Wansheng, these tickets should have been killed long ago, especially Yixing Video should have been killed, the stock price has rushed to over a thousand yuan, it is really outrageous!]
[I knew it was going to collapse sooner or later. These tickets couldn’t support the market value. It was a matter of time before it collapsed. This time it’s going to collapse!]
[It collapsed, then you made money?]
[Something big must have happened. Could it be that there was a thunderstorm at Qunxing Capital? Otherwise, how could there be a collective limit drop?]
[In the Huojiujian series, the top 10 on the popularity list are all lying on the bottom.]
[The amount of closing funds is really scary. Xingyu Technology has a closing amount of 80 billion yuan on the lower limit, and the minimum amount of quantitative capital closing funds is 10.9 billion. I am crazy...]
[After some calculations, the amount of closing funds for 12 tickets exceeds 200 billion, blanching——!]
[The rhythm of collective lower limit tomorrow is not allowed?]
[What a weird situation...]
[Main force: The car door is welded shut, not a single germ can get out, hehe.]
…
The listed subsidiaries of 12 large groups of galaxies collectively dropped their limit in early trading. This matter is spreading wildly in the stock trading circle.
Stock forums and communication groups are all forwarding and discussing this matter, and they are all frantically looking for where the news is, whether Qunxing Capital has exploded.
About 10 minutes after the market opened, at 9:40, panic began to spread to other stocks and other sectors.
Everyone didn't know what happened, and they were all panicked.
The Shanghai Composite Index further fell to the -1.50% level, continuing to dive, and funds fled in panic.
However, at this moment, investors discovered that the large financial sector began to collectively rise. ICBC, Agricultural Bank of China and China Construction Bank, three super-large-cap bank stocks with a market value of RMB 1 trillion, collectively rose by more than 3 percentage points, driving the banking sector index to sharply rise.
It is high, which directly reflects the negative line of the banking sector's sharp decline on February 7 before the holiday.
The banking sector rose strongly, and the market index also stopped falling and rebounded at the -1.50% level.
Immediately afterwards, the first bank stock reached its daily limit, and the banks on the main board of the Shenzhen Stock Exchange closed their daily limit. The increase in the banking sector index expanded to 2.89%, while the decline in the Shanghai Composite Index narrowed to -0.41%.
The banking sector index reached around 3 percentage points and then began to level off.
At the same time, other funds arranged by Qunxing Capital began to be mobilized and began to promote theme stocks.
Around 11 o'clock, the brokerage sector moved up.
After the rise of the banking sector stabilized the index, several channels of funds played the role of hot money and were active in the two cities. The brokerage sector made another move, directly lifting the index above the red zone in one breath.
The Shanghai Composite Index began to take a break after the red session. At 11:30, the market closed in early trading, and the Shanghai Composite Index closed up 0.04%.
During the market break at noon, investors from all walks of life were looking for bad news about Galaxy concept stocks.
But I didn't find any disadvantages.
The decline was inexplicable, and there was no bad news. The market interpretation showed that profit-taking funds were fleeing, but investors felt it was very strange, and there were mysterious funds pulling up the Taiwan Financial Protection Index, which made everyone panic.
It seems to be saying, folks, don’t panic, the market will be fine.
But this made me even more panicked.
Unknown things are often more frightening.
At the opening in the afternoon, the Shanghai stock index plummeted to -0.36%, but at this time the insurance sector got up to work.
Zhongguo Life Insurance rose 5.87% in the afternoon, once again bringing the index above the red zone.
Unfortunately, the good times did not last long and the index fell back.
However, it did not collapse in a straight line like it did in the morning. Stars Capital was not determined to protect the market. That would be too costly. The market will also let the market fall when it is time to fall, but don't do it in a straight line for a week.
Just fall below 2000 points.
Moreover, the market protection is mainly based on big finance. First, the heavy weight of the sector can protect the index and it can have an immediate effect. Second, it is an indirect cake-sharing method in a sense, allowing bank stocks to sell stocks at high levels to collect cash.
As of the close, the Shanghai Composite Index closed down -0.45% to 2421.56 points.
Fang Hong was quite satisfied with the trend of the Shanghai stock index. If he did not protect the market today, the index would probably lose 3 percentage points.
…
After the market closed, the focus of discussion and attention by major stock commentators, big Vs, or stock investors was the collective drop in the limit of the Galaxy concept stocks. The media was also reporting on this matter, and everyone was analyzing and speculating.
But neither Qunxing Capital nor its listed subsidiaries made any sound.
The whole atmosphere seemed very bizarre.
At the same time, many foreign-funded institutions, especially several Wall Street capital bosses, were awakened from their sleep by phone calls from their subordinates.
"tf? What did you say? Everything dropped to the limit?"
"Yes, boss, I can definitely confirm that this is an abnormal trend. All stocks have almost reached their limit in unison, and this seems to be just the beginning. I suspect that the opponent's market is directional harvesting against us."
"Aiming at us? How dare they? Do they have the guts to harvest Wall Street?"
