Chapter 773 [I don't know if I fall down to Ma Ma]
As soon as August entered, the market fell for the fifth consecutive time. The stock investors were directly killed by Big A and became confused.
As soon as the mid-term results of the stock market leader came out today, the stock price rebounded with a strong golden needle, which can be regarded as pulling the market up from 2733 points. Otherwise, everyone would not dare to think that it would directly break through 2700 points in the afternoon.
As of the close, the Shanghai Stock Exchange Index closed at 2,777 points, down -1.56%; the Shenzhen Component Index closed at 8,859 points, down -1.39%; the ChiNext Index closed at 1,507 points, down -1.53%, and the market showed a golden needle.
The bottom K-line pattern closes down and closes red.
Tiansheng Holdings finally closed up +0.77%, with a trading volume of 37.9 billion, an intraday amplitude of 6.90%, and the stock price closed at 88,159.55 yuan, with a total market value of 7.05 trillion yuan.
When the stock market is not doing well, investors are looking forward to good news every day.
The only thing that can be said to be positive at the moment is the semi-annual report released by Tiansheng Holdings. The performance reports of most listed companies are delayed as long as possible and will not be released until the last day.
Tiansheng Capital’s performance report disclosure speed is definitely among the top among Big A companies.
But having said that, this performance is also good for Tiansheng Holdings. Today, it is only the strong rebound of the stock king himself that holds back the market. The majority of investors are still not optimistic about the market outlook.
…
Wednesday, August 7th, today is the Chinese Valentine’s Day.
During the pre-market period in the morning, a piece of news suddenly spread on a large scale and excited investors from all walks of life.
There are rumors in the market that Yangyang Bank is going to cut interest rates!
Shareholders were excited. This was the good news that the market most desired. Stimulated by this, the Shanghai and Shenzhen stock markets opened higher this morning.
Although no authoritative organization has come out to endorse this news, the market widely believes it to be true, because over the years, so far, nearly 30 economies around the world have entered an interest rate cutting cycle.
In January this year, Ghana Farm Bank fired the "first shot of interest rate cut" and announced a 100 basis point interest rate cut. Like dominoes, many farm banks around the world started easing mode one after another.
India, New Zealand, Malaysia, the Philippines, Turkey, Australia, Laos and the United States have successively announced interest rate cuts.
On July 18, South Korea, India, Ukraine, and South Africa announced interest rate cuts at the same time.
Not long ago, on July 31, the Federal Reserve once again announced its second interest rate cut this year. On the same day, Brazil announced a 50 basis point interest rate cut, becoming the first country to follow the Fed's second interest rate cut.
Just today, the banks of Thailand, New Zealand and India announced interest rate cuts on the same day, and the process of interest rate cuts in the global economy is accelerating.
There is a wave of interest rate cuts across the world.
On July 31st, the Federal Reserve cut interest rates less than market expectations, and the stock market crashed. In the past few days, the market has been crying out that it is not enough and needs to increase its efforts. Expectations for the Federal Reserve to expand its balance sheet again are gradually forming, and a "new one" has even appeared.
"The round of QE is coming".
Behind the intensive global interest rate cuts is the urgent need to boost the economy.
There is a craze for interest rate cuts outside, and domestic stock investors are looking at the Central Bank with dry eyes.
Is it time for us to surrender?
Then, in anticipation, everyone heard the news this morning and believed it was true.
But just half an hour after the market opened, that is, around 10 o'clock, the central government refuted the rumors. The rumors of interest rate cuts were false news...
Oh haha
The market turned green in response.
The stock investors are desperate for love, so they just lie down and enjoy whatever they want.
The investors who had their stocks greened today are not the worst offenders. The worst thing is that they still have a little green on their heads during the Chinese Valentine's Day. It is simply a double experience, and the feeling goes straight to the head.
The stock investors started trading, but there was no trading volume in the market. The market maintained a pattern of consolidating within a narrow range, and the market sentiment was lifeless.
Gu Jing
However, just as the central government had just refuted the false news about interest rate cuts, the real blockbuster news came not long after.
This time it's true.
At around 13:20 p.m., major market software news push notifications: China Securities Finance Corporation announced that starting from August 8, 2019, the overall self-financing rate will be reduced by 80BP.
The rate for the 182-day period dropped from 4.3% to 3.5%; the 91-day period dropped from 4.6% to 3.8%; the 28-day period dropped from 4.7% to 3.9%; the 14-day and 7-day rates dropped from 4.8% to 4 %.
August 8th is tomorrow.
As soon as this news came out, the market was once again stirred up, and the market quickly turned red.
However, in the last half hour of late trading, it fell back to green again, and the market finally closed down -0.32%.
Investors have different views on this news. Some investors do not buy it and think it is not sincere.
Another group of optimistic investors interpreted this as a directional release of water to the stock market. Although the central bank did not cut interest rates, the China Securities Finance Corporation did cut interest rates directionally for Big A.
Lowering the transfer financing rate is no stranger to investors who have been playing in Big A for a long time. As early as August 2014, China Securities Finance Corporation lowered the transfer financing business rate.
At that time, this move stimulated a sharp rise in the stock market. In the following six months, the Shanghai Stock Exchange Index rose from around 2,200 points to over 3,400 points, an increase of nearly 1,200 points.
Then in March 2016, the China Securities Finance Corporation resumed its refinancing business for five maturities and lowered the rates. Then the market also started a wave of bull market for nearly a year and a half, until the fund group market in early 2018 reached peak.
There is no doubt that lowering the refinancing rate has a strong positive stimulus to the market, which can boost the confidence of bulls and also benefit the brokerage sector.
Judging from past historical experience, they all have a positive stimulating effect on the market. The most recent reduction in refinancing rates was on March 21, 2016. The market rose by 2.15% that day, and all brokerage stocks reached their daily limit on that day.
Of course, history is only a reference. The current total market value of A-shares is 63.51 trillion yuan. The overall valuation is not high, and Tiansheng Holdings alone accounts for 7 trillion yuan in market value. It just released its semi-annual report today.
Even though the stock kings are all incredibly huge in terms of market capitalization now, they cannot stand up to such good performance. Even at the current size, not only is there no valuation bubble but it is undervalued. It is currently the best core asset in the A-share market. none of them.
Although the overall valuation of Big A is not high, then again, the current internal and external macro environment it is facing is not friendly, and the financing demand in the secondary market is not as strong as before.
Think about it, given the current market environment, whether it is the domestic market or the external market, the global economic recession is expected.
The market's profit-making effect is so poor, and the market has fallen for six consecutive years. The Science and Technology Innovation Board has been hard for one day, and it was exciting on the first day of the market. The first batch of 28 new stocks listed are now basically falling.
Among them, Tianchi Technology, which is known as a star stock and has attracted much attention from the market, even broke the issue price, and even Ma Ma did not recognize it after it had fallen.
In such a market environment, few people dare to enter the market, let alone ask them to take financing positions.
When it comes to Tianchi Technology, the 170 million shareholders of Big A can't bear to look directly at it. There is no logic to the fall of this stock. Today is another day of plummeting. The stock price closed at 9.67 yuan, a drop of -12.03%. That's right.
This stock not only fell below the issue price, but also entered the era of single-digit stock prices today.
Falling more than ten points every day is simply cruel and ruthless.
The market value is only 26.1 billion yuan. Investors enter the stock's trading code 688868 on the market software, then press the F10 key to take a look at the stock's fundamentals, and then open the K-line chart to take a look.
With this unilateral downward trend, some people thought that the company was in trouble and was about to be beaten by ST.
In fact, many people are paying attention to this stock.
Because the decline is really too severe, this will bring about two questions: When will Tianchi Technology’s debt problem be resolved? The most important thing is, can it be resolved?
If it cannot be solved, then it is a complete junk stock. Let alone 26.1 billion, no one dares to buy it even if it drops to 2.61 billion. Buying 1 million yuan is equivalent to returning to zero, not to mention owing more than 2.7 million yuan in debt. If the sky
If Chi goes bankrupt, creditors will have to go to shareholders to collect debts in the future.
If it can be solved, it would be great, good guy. The current stock price of Tianchi is definitely a golden pit among golden pits.
