Chapter 288 The End of 2014 (please vote)

Author: Ru Meng Ru Hua

Chapter 288 The End of 2014 (please vote)

Compared with the continuous decline of the small and medium-sized startup sector, the Shanghai Composite Index has been getting better and better since the brokerage rebounded again on Tuesday. It has been digesting the previous big negative line on December 9 along the five-line step by step. The trend is unusual.

smooth.

Entering Friday, the Shanghai Composite Index once again attacked 3100 points while continuing to stabilize. The stable trend also allowed the Shanghai Composite Index to finally successfully cross 3100 points, closing at 3108.60 points this week, with a weekly increase of 5.80%.

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In terms of sector growth, the brokerage sector continues to maintain a high volatility trend, and the sector as a whole has shown obvious differentiation. Small and medium-sized brokerage firms such as Xibu Securities performed generally, while brokerage stocks starting with 6 performed better.

.

Xibe Securities fell 0.53% on the week, and Huanghe Securities rose 19.14% on the week. The construction and decoration sector headed by the Chinese prefix performed well. Zhongguo Communications Construction rose sharply again this week by 39.57%, and Zhongguo Yizhong also rose sharply by 11.54%.

Overall this week, the pattern of market chips supporting the scene has not changed. However, due to the impact of continued rise on excessive capital consumption, and the subscription freeze for five or six new stocks this week exceeding 16,000 yuan, the two games are also very differentiated.

obvious.

The strong will always be strong, and adjustments will continue. I am afraid that this pattern will be difficult to change in the short term. Although more than 40 stocks have reached their daily limit this Friday, there are only 580 stocks that have risen overall.

Clearly felt.

Since he received a call from supervision last weekend, Gu Junhao also had to express his opinion. This week, he originally planned to reduce the position of the Chinese prefix series, but he had to temporarily stop it. The intraday T position was also controlled within a very small range.

Inside.

However, benefiting from the sharp rise in stocks, the two Junshi funds this week continued their upward trend as before, but the increase remained within a normal range. The total size of Junshi No. 1 Fund exceeded the 200 million yuan mark for the first time.

The overall scale has reached more than 212 million yuan, with a net worth ratio of 5.3013.

The rise of Junshi No. 1 was mainly led by the rebound of Dongfang Fortune. Dongfang Fortune rebounded 14.42% this week. In addition, Yinzhijie also had a considerable increase, with a weekly increase of 7.44%. These two stocks this week

The trend is still stronger than that of Tonghuashun.

The net value of Junshi No. 2 Fund this week reached 940 million yuan, and the net value was as high as 1.88. If it were not for regulatory reasons, Gu Junhao would be very confident to increase the overall size of Junshi No. 2 with the outstanding performance of the four stocks in his position.

to over 1 billion yuan.

The total size of the two funds exceeds 1 billion yuan. In future generations, it can still only be regarded as a small private equity institution. However, in 2014, it was able to reach around the mid-range. Although it is still on the lower side, Junshi Capital can also be regarded as a small private equity institution.

It has completely entered the ranks of mid-sized private equity companies.

As of now, there are 78 registered private equity funds in the country with a value of between RMB 1 billion and RMB 2 billion, 66 funds between RMB 2 billion and RMB 5 billion, and 25 funds with a scale of more than RMB 5 billion.

Since its establishment at the end of May, Junshi Capital has quickly grown from an unknown small private equity institution to the top 200 in the industry, and its performance is still very impressive.

December 22, 2014, is the first day of winter in the lunar calendar, which is also the winter solstice in traditional terms. This year, due to the leap month, the Chinese New Year will be celebrated one month later. In the past, the winter solstice meant the arrival of the twelfth lunar month.

The Chinese New Year is getting closer and closer, and the weather is getting colder. Today's trading is equally chilly for investors. The Shanghai and Shenzhen stock markets continue to be very polarized. The Shanghai Stock Index opened higher in early trading, continuing to set new records for the year.

new high.

The most unique scene today is undoubtedly the 18 stocks that were investigated by the China Securities Regulatory Commission last weekend. At the beginning of the opening, these 18 stocks headed straight for the lower limit, and some of them even opened with the trend of lowering the limit.

"Have you seen it? Don't underestimate the investigation of the China Securities Regulatory Commission. Even if it is a simple inquiry letter, you should pay more attention if it is an inquiry about the company's main business." Gu Junhao said with a smile, 18

It is not common for stocks to go straight to the limit after opening.

Gu Junhao didn't appear in the trading room much last week. He mainly dealt with personal matters. After a week of processing, basically everything that could be done has been done. Until New Year's Day, Gu Junhao was relatively calm.

The words are relatively relaxed.

Among the three major financial sectors, the sector responsible for maintaining the market today was changed from securities firms to banks. In addition, coal, power and agricultural stocks performed relatively well, which became the biggest driving force for the rise of the Shanghai Composite Index in early trading.

After the GEM index continuously broke the daily trend level, it gapped downwards and then continued to decline. Many concept sectors also fell one after another. Tonghuashun's early trading performance after completing the shipment of hot money was even worse.

In just ten minutes of early trading, Tong Huashun's decline had already exceeded 8%. Since then, the stock price has been fluctuating between 6% and 8%, and the GEM Index's decline was once close to the 4% range.

In the afternoon, as the weighted sectors pulled back, the Shanghai Composite Index fluctuated lower. The performance of the small and medium-sized startup sector was similar to the plunge on December 9. The eight major concept sectors including domestic software, sub-new stocks and network security have plummeted across the board.

The ChiNext Index once fell by more than 5%, and the daily trend line once again fell below the 60-day line. Tonghuashun, which barely maintained a decline of more than 8% in the morning, also dived downward again. At two o'clock, the Shanghai and Shenzhen stock markets expanded their losses.

More and more stocks hit their daily limit on the market, and stocks in the two cities rose by less than 20%. 10 minutes later, Tong Huashun closed the lower limit position, and the GEM index maintained a decline of more than 4%.

Gu Junhao's reaction to today's sharp drop was unusually calm, unlike that on December 9th; the market is getting hot but it's different now. Putting it on individual stocks as an analogy on December 9th can be regarded as the first bad news for bull stocks.

Nowadays, the Shanghai Composite Index has continued to fall. Although the Shanghai Stock Exchange Index has dived from a high level, the decline is not very large. Today is not a good opportunity to buy the bottom. If you want to buy the bottom, it is best for the Shanghai Composite Index to pull back to near the sharp drop on December 9.

opportunity.

"We won't buy the bottom today. The GEM index has broken the 60-day line. It cannot be adjusted in one or two trading days. Besides, it is almost the new year. Let's be more stable. There is no need to reduce the existing positions.

, if it falls, let it fall. Normally, you just need to protect it a little bit."

At three o'clock, the transaction officially ended. The ChiNext Index fell 4.94%, closing at 1517.93 points. It broke the 5-day line and the 10-day line on a weekly basis, and fell below 1500 points again. The risk of decline intensified.

There are more than 300 stocks in Shanghai and Shenzhen stock exchanges. Compared with the stocks that fell below the limit on December 9, the increase is more than 60%. Judging from the performance of small and medium-sized enterprises, the market sentiment has changed from unanimous bullishness to serious disagreement, and now

The current bearish status.

The stock market plummeted, and bad news naturally followed; after the market closed on December 22, the China Securities Regulatory Commission issued a series of measures such as a timely and moderate increase in the supply of new shares, which accelerated the issuance of new shares, and the on-site financing of the two companies will start tomorrow.

Inspections, active implementation of the registration system and other statements have put the stock market under certain pressure.

The central bank's statement that GDP is expected to grow by 7.4% this year and 7.1% next year, as well as the slowdown in economic growth, have put considerable pressure on the valuation restoration of heavyweight stocks.

The attack of four major negative factors caused the Shanghai and Shenzhen indexes to open lower today. The Shanghai index, which reported a high cross star yesterday, plunged nearly 3% in early trading. Although it once turned red due to the rise of a few sectors such as liquor and insurance, it

At the end of the trading session, it fell again.

As of the close of the day, the Shanghai Composite Index fell 3.03%, and the ChiNext Index fell again by 1.41% and fell below 1,500 points. Since this round of rebound, the Shanghai Composite Index has been negative for two consecutive days for the first time.

The ChiNext Index has broken out of four consecutive negative trends, and has dropped nearly 180 points since it reported a high of 1674.98 on December 16, a quite tragic drop.

The number of stocks with lower limit today has been reduced to 50 except ST stocks. However, in terms of stocks with daily limit, there are only more than 10 stocks including sub-new stocks. The market sentiment is quite bleak. Tong Huashun fell again by 3.56% today, and the stock price fell below 50 during the session.

Yuan pass, closing at 50.08 yuan.

The negative factors are still continuing on Wednesday, December 24. It was the poor-performing stocks that fell yesterday. Today it is the turn of the heavyweight sectors. Today, securities, banks, steel, shipping and railways and other sectors have become the main forces shorting the market.

The securities and banking sectors fluctuated downward throughout the day, and the decline began to expand at 2 o'clock in the afternoon. Xibu Securities, which had been in a negative state for four consecutive days, went straight to the lower limit from a drop of more than 5%. Huanghe Securities, which had been negative for three consecutive days, trended like Xibu Securities.

Securities General.

However, the ChiNext Index and small and medium-sized startup stocks, which have plummeted continuously today, have performed relatively smoothly and have not been affected by the plummeting of heavyweight stocks on the main board. Currently, Ruyinzhijie and others remain in the red market.

The brokerage sector as a whole fell by more than 6%. The daily line of Xibe Securities has adjusted to below the 20-day line, which is still a long way from the 60-day line. The weekly line has adjusted to the 5-day line of the weekly line.

The trend of Huanghe Securities is similar.

A sharp fall within one day is already a good short-term bargain hunting opportunity. You cannot sell in large quantities, but it is definitely okay to buy heavyweight stocks in large quantities; quite large purchases also have a certain impact on the stability of the index.

effect.

Gu Junhao said to Liu Tingting and Cao Wenxun without hesitation: "It's almost ready to buy. Let's add back what the two brokerages sold before. Xibu Securities increased the position to 20,000 lots, and Huanghe Securities increased the position to 180,000 lots. The price is lower than the limit.

There are not many closing orders, so you can set the price higher and buy as quickly as possible."

If the two brokerage firms are full again, only Yin Zhijie's position will not return to its original position. There is no rush. 3,000 lots can be bought easily. I will look for opportunities to buy again in the last few days of this month.

Just enter.

In addition, as for his own Tonghuashun, Gu Junhao will definitely buy back his original position before entering 2015. No matter how he enters 2015, his position must still be guaranteed.

Following Gu Junhao's order, Liu Tingting and Cao Wenxun quickly bought all the chips they needed regardless of the cost. Liu Tingting bought 10,000 lots of Xibu Securities at an average price of 26.50 yuan, while Cao Wenxun bought 10,000 lots of Xibu Securities at an average price of 26.50 yuan.

Bought 80,000 lots of Huanghe Securities at an average price of 15 yuan.

With the large amount of funds being bought, these two stocks also rose from the lower limit. Xibu Securities rebounded significantly, and the decline narrowed to 6.20% in late trading. The stock price was reported at 27.21 yuan. Huanghe Securities was slightly higher in late trading.

It fell back, with the stock price at 14.86 yuan, down 9%.

The Shanghai Composite Index has been negative for three consecutive days. Today it closed at 2972.53 with a trading volume of 378.7 billion yuan, down 1.98%. During the session, the Shanghai Composite Index once fell by more than 3%, and the nearly 1% rebound was undoubtedly due to the

Brokerage stocks that are partially open.

Christmas Day in the West falls on Thursday, and the large financial sector, which has been adjusted well, no longer holds back the market, while the small and medium-sized entrepreneurial sectors, which have suffered relatively worse declines, also have the need for adjustment. The Shanghai and Shenzhen stock markets finally closed in the red on this day.

, allowing shareholders to have a happy holiday.

On Friday, the Shanghai and Shenzhen stock markets continued to rebound, and both ended in the red; after today's close, Gu Junhao did not choose to announce the net values ​​of the two funds. The reason he gave was that there were only three trading days before the end of this month and this year.

There is no need to publish it again.

The announcement of the net worth of private equity funds is based on a voluntary principle. Today, there are also many private equity funds that do not choose to announce their performance. The reasons given are similar to Gu Junhao's.

There are only three trading days before the end of the year. Whether it is public placement or private placement, they are all relatively busy. The same is true for Junshi Capital. On the last weekend of December, Junshi Capital also ushered in a big event.

The space that was expanded when the second fund was issued was renovated and successfully put into use. The newly rented space is located on the same floor as the current office area and will be used exclusively by the Fund Business Department in the future.

The reorganized fund business department is also proceeding in an orderly manner this month. After the New Year's Day holiday, all fund business department employees, including Xu Jianqing and others, will move to the new office area.

Now, Junshi Capital has exclusively occupied all the office areas on the current floor, with an office area of ​​more than 500 square meters. Judging from the scale, it also looks very impressive, and it already has the appearance of a medium-sized private equity company.

In the next three trading days, Gu Junhao did not go to the trading room again. Currently, except for the 3,000 lots of Yin Zhijie that have not been bought back, the other two funds' positions have all reached their individual stock holding conditions.

For these 3,000 lots of Yin Zhijie, Gu Junhao has also told Wang Ruoyu to find the right time to buy within the next three trading days. The specific buying time and price can be determined by him.

On the 29th, the Shanghai Stock Index, which rebounded continuously in the last two trading days last week, gapped upward again and opened higher today, opening at 3212.56 points. The weighted market was once again interpreted to the extreme. Banks, securities firms and two barrels of oil performed well throughout the day.
To be continued...