In the next few trading days at the end of October, the market trend was as expected, with many heavyweight blue chips in the consumer sector represented by liquor plummeting.
On October 29th, the liquor stocks all felt dizzy and were all drunk.
Among them, Maotai, the giant liquor company with a market value of more than 760 billion, fell by the daily limit, and the entire liquor sector was wailing.
Moutai dropped by the limit at the opening, which was the first time in the history of the stock. It can be said to be a severe wake-up call for investors. Since the high point of 792.50 yuan, it has fallen by more than 30%. In the more than ten years since Maotai was listed, the closing price
The stock price has never fallen below the limit, and there have only been three drops of more than 9% in history. The former stock king's stock price fell below the limit today, which can be regarded as an event worth recording.
Due to the sharp decline in the liquor consumption sector, other sectors did not stand up. Most of them were mud bodhisattvas crossing the river. As a result, the market was also wiped out by more than -2% today, not to mention hitting 2,700 points. Now it gives investors the feeling
Even 2500 can be broken down at any time.
The former stock king and the king of the liquor sector has fallen to the limit, and there are a lot of investors joining in the fun, and there is a lot of discussion.
"Earlier, a large number of blue-chip white horse stocks such as pharmaceutical stocks, Hikvision, and Zhongxing collapsed. Now it is finally the turn of Baijiu, the fortress of the left back!"
"Lower limit! Lower limit! This is the trend. Blue-chip stocks have begun to stop falling. This is the valuation-killing stage. It also marks the official entry into the second half. The first half is a structural decline. Junk stocks plummeted, and funds are still gathering among blue chips to keep warm. The second half is
Even those who huddle together for warmth have been wiped out. The so-called bear market is heart-breaking. If the stock is not completely cleared, it will not be possible to maximize the exchange of chips at the bottom, and there will be no way to distribute wealth again in the next round of bull market!
"
"What I'm most worried about now is that the previous stock king is not a vegetarian. Can its limit drop create a 'butterfly effect'? Is the current domestic consumption upgrade facing a bottleneck? Is today's limit drop an unexpected event or expected?
? If it drops by two or three boards, is it possible that another stock market crash will occur?"
"Fortunately, the current stock king did not make a last strike today, otherwise he would definitely not be able to hold back 2,500 points today. Tiansheng Holdings seems to have begun to consolidate the platform. It seems that if the stock king does not break through the previous high of 41331, it will be difficult to have a big market."
"I agree with this. If the index wants to break through the key pressure level, it must rely on big finance and securities firms to join forces to attack. Since the stock king is unwilling to break through, he is telling everyone not to think too much in the near future. If there is no big market, just do what you should do...
…[covering face]”
"Anyway, Mao's price limit has nothing to do with me. Tiansheng can't afford it, and I can't afford Mao's price of more than 600."
…
At the morning opening, Maoti stock price fell directly below 600 yuan, setting a new low in more than a year. It closed at 549.09 yuan. The total market value fell below 700 billion yuan. The market value evaporated by 76.8 billion yuan in one day. As of the close, the transaction volume was 2.69 billion.
There are still nearly 80,000 lots with approximately 4.39 billion in funds lined up to be sold on the closed order.
The sharp drop in Maoti has also caused heavy losses to many institutional investors, with fund institutions predicting an intraday loss of 3.158 billion yuan.
However, Tiansheng Capital bought the bottom today. To be precise, Tiansheng Value Growth Hybrid Fund bought the bottom. However, Tiansheng Enchantress’s net worth growth closed at -0.97% today, which means it still lost money.
Regarding the sharp decline in liquor, the market generally believes that this is the reason why the draft of the Basic Medical Hygiene and Monitoring Promotion Law was submitted for review for the second time on October 22. Compared with the first draft, the second draft has significantly strengthened the control and publicity of tobacco and alcohol.
In addition to prohibiting the sale of tobacco and alcohol to minors, it also specifically includes "the state strengthens publicity and education on the dangers of excessive drinking among citizens."
At the weekend of last week, that is, yesterday, Maoti released its third-quarter financial report. Data showed that the profit growth rate had slowed down. Looking at the third quarter alone, Maoti’s revenue was 19.7 billion yuan, a year-on-year growth of only 3.81%. The profit in the third quarter
It was 8.969 billion yuan, a year-on-year increase of 2.71%.
Affected by two factors, liquor stocks have been in decline recently, and today the former stock leader hit the limit.
Tiansheng Enchantress, which has a heavy position in big blue chips, also experienced an overall continuous retracement of close to -7% today, but such data still beat other similar funds instantly.
During this period, many investors have seen the super resilient side of Tiansheng Enchantress. When the market rises, she hardly lags behind. When the market falls, she is often very resilient. Today, the Shanghai Stock Index fell by more than 2 percentage points, while Tiansheng’s value
Growth Blend funds fell less than 1 percent.
Tiansheng Enchantress, a public offering fund, is still open for redemption and suspended for subscription. The holders have become Enchantress's "nail households" and will not sell it no matter what. This also leads to people who want to get on board.
People were very angry, and the comment section was full of curses.
The size of this fund is too large, and the siphon effect is obvious. Maintaining a base of 200 billion is already the limit. It will be difficult to adjust to absorb more funds, and it will be difficult to operate if it goes up. Although Lu Ming is still hanging on
He wears the name of a fund manager, but he has stopped trading this fund for a long time. The actual trader is Li Mingyang.
The current strategy for this star-level fund is to distribute profit dividends at the end of the year to "downsize" the fund. After the profit distribution is completed, the subscription channel will be opened to attract a new batch of investors, and then the subscription channel will be closed again, and so on, once a year.
The subscription channel must be closed at the right time, because public investors like the mentality of "buying up and not buying down".
From a certain perspective, the annual profit of the fund can also be regarded as the annual distribution of wealth. It is foreseeable that the number of Tiansheng Enchantress's base members will increase as time goes by.
This is also the current position. It is the only public fund on the market that has been bought by Christians and has almost become semi-open. As long as you dare to open up, Christians will dare to buy it. And if you really have this strength, Lu Ming is
We dare not underestimate the domestic fundamentalists, especially the number of young people who have entered the fund market at a rapid rate in the past two years. They are all fierce people who just close their eyes and do it directly.
If it remains open for subscription, Lu Ming would not be surprised if this fund is bought by young and newly influxed Christians with a scale of 500 billion.
…
When the market opened on October 30, the stock price that fell to the limit yesterday attracted much attention from the market today.
At 9:25, the collective bidding results came out, and the liquor sector once again pulled its weight. Although the opening price did not hit the daily limit, it still opened sharply lower by -7.12%. The stock price dropped to 510 yuan, and was about to fall below the 500 yuan mark.
The entire consumer sector is in turmoil, and everyone is in danger. Many people are worried about the market outlook leading to a series of tragic plummets, or even getting out of the stock market crash, so they began to flee during the bidding stage.
But after the opening of the market, Mao Tie only made a pulse action and then began to attack upwards. The large amount of buying orders were quickly eaten up by funds. The funds that took over this large amount of funds were none other than Tiansheng Capital.
At this moment, Li Mingyang was in charge of trading in the trading room, issuing trading orders one after another, not only for bargain hunting, but also for other high-quality liquor stocks such as Wuliangye and Laojiao. He also bought some An's shares by the way.
Tiansheng Yaoji's "Six Meridians Divine Sword", namely "Haitian An's Maowulu", gradually returned to its position, Wu Liangye was cut in half, and An's shares plummeted by 30% after being cut in half. In the eyes of market investors, liquor
If you want to kill the valuation, then Anshi's shares will explode. If you want to kill logic, the fall will be even more severe.
But speaking of the market situation, as time went by, the liquor sector began to continue to rebound. Maoti's decline in the afternoon narrowed to -1.29%. However, it still failed to turn red in the end. It fell back in late trading, and finally fell to -4.57%.
