Chapter 14: The Crazy Bull Market (Part II)

At 9:15, the stock market officially opened and the call auction began.

"It's a matter of time before the stock price is released." Because of sufficient psychological preparation, shareholders reacted actively but did not lose control.

Ten minutes after the opening of the market, six kinds of new shares were all bought at 18 to 25 times the face value, but the transaction was sparse, only the second textile machine traded 60 shares at 249 yuan, and the seller obviously thought that the price was too low. In addition to Shenhua Electrician, the old stocks generally fell, and the first 30 minutes of trading were concentrated in the old stocks, and the new shares were only tentatively declared.

Suddenly, the light industry machinery came out of nowhere, and the high jump opened at 159 yuan, and then it soared all the way, causing the crowd to shout and scream, and the emotions began to get excited.

"Oh my God! Xiao Li, the light industry machinery you bought has risen so much. Look, it's already more than two hundred, ah! It's still ...... up."

Liu Guilin's eyes stared nervously at the trading dynamic display screen in the hall, looking at the constantly changing and refreshing numbers on it, his face turned red with excitement, and he let out exclamations from his mouth from time to time along with everyone.

Li Bayi's eyes are short-sighted, although he wears glasses, he still has some difficulty looking at the dense red letters and data on the big screen, but he knows that the power of the "crazy stock" is far from being released, so his expression is very calm.

And that's just the beginning.

After 10 o'clock, the trading volume gradually increased, and the new stock price was all marked, between 250 and 300 yuan, which was generally higher than the old stock, and the old stock became a low-priced stock, so the old stock buying gas increased, the vacuum, Yuyuan rebounded, and the trading volume of Shenhua soared to 12,604 shares, and the price was still firm at about 410 yuan.

"Ahh Yanzhong Industry has risen, and it has exceeded 200 at once. Ha ha! Two hundred and one, two hundred and two, and it went up and up. Liu Guilin, like a child, also went crazy with the people crowded around him, sometimes clenching his fists, sometimes shouting, sometimes stomping his feet, and even gritting his teeth.

At this time, all kinds of human emotions and expressions have been vividly vented and released here.

By 10:20, the Shanghai Composite Index had peaked, rising 1,365, 522.4 minutes above the 842.6 in the opening 30 minutes.

Subsequently, new stocks began to fall, and the growth rate of the stock market slowed down.

"Let's go, let's go eat, and come back in the afternoon." Li Bayi saw that there was nothing wrong, so he pulled Liu Guilin's sleeve and said loudly.

In the business hall, people are crowded, people are crowded, the voices are noisy, and the speech is so small that even the people around them can't hear it.

After the afternoon, the market began, except for Feilo shares and Phoenix Chemical continued to circle, new and old stocks climbed at the same time.

At two o'clock, the light industry machinery had reached two hundred and forty-one five, and Yanzhong was two hundred and eighty-nine.

"Let's go, Uncle Liu, let's hurry to the counter and deliver the stock in our hands." Li Bayi knew that he had reached the top today, so he hurriedly said to Liu Guilin.

Liu Guilin was a little surprised: "You want to sell?" Isn't that still soaring? ”

Li Bayi explained: "We have little capital, so we have to change hands more frequently and pour a few more times in order to maximize our benefits." ”

Although the Shanghai Stock Exchange charges a little more, in addition to the routine handling fee (i.e., commission), it also has to charge a transfer fee, but it has the advantage that it can be delivered on the same day and settled on the spot.

As a result, Li Bayi and Liu Guilin quickly handed over the stocks in their hands, Li Bayi's delivery price was two hundred and forty-two, and Liu Guilin's was two hundred and ninety-one.

In addition to stamp duty, handling fees, transfer fees, and document fees, Li Bayi earned more than 51,000 yuan in one day, 700 percent of the profit, and with the principal, he had a capital of 60,000 yuan.

Liu Guilin bought old stocks, and the stock price had already risen wildly when he opened it in February, so this time the stock price was not as strong as the new shares, but he still earned one hundred and three yuan per share, adding up to a total of eight thousand two hundred yuan in one day.

Compared with Li Bayi, of course, he earned less, but when he thought about it, 15,000 yuan had increased by 60% in just one day, and he was still very excited.

As soon as Li Bayi had money, he went to open a stock account by himself, which was more convenient to operate.

At 2:55, just as the market was about to close, Li Bayi bought light industry machinery again, and Liu Guilin immediately followed up and replaced it with light industry. At this time, the turnover rate of all kinds of stocks was extremely high, and both of them bought them easily, and the delivery price was two hundred and six yuan.

By the close of the day, the old stocks except for Yanzhong, Feilo and Phoenix Chemical fell slightly compared with the previous close, and the rest rose.

On this day, the light industry closed at 205.5 percent, an increase of 470 percent, the largest increase, and for a time it was called a "crazy stock" in Shanghai.

Looking at the stock market that day, shareholders had just begun to accept a new round of price adjustments, and the difference between the highest and lowest prices was quite large, such as vacuum electronics, the highest was 2,644 yuan, and the lowest was 1,942.5 yuan, a difference of 700 yuan. The price difference between Feilo shares and Phoenix Chemical is also more than 200 yuan, and in the transaction, retail investors sell more, and large investors buy more.

Back at the hotel, Liu Guilin's agitated mood had not calmed down, he was restless, his demeanor was at a loss, and from time to time a sentence of nonsense such as "too incredible" and "too crazy" popped out of his mouth, not at all like a forty or fifty-year-old person, tossing in the crowd for a day, he didn't seem to feel tired.

Li Bayi was also excited, he had no talent in financial investment in his previous life, he always realized that others made money but he lost money. Today, I actually made a profit of 600 percent in the stock market, which can be regarded as a successful first step.

After squeezing the sweat in the business hall, even his hair stood up, the smell of smoke, sweat, and various cosmetics filled his body, and Li Bayi went to take a good shower.

When Liu Guilin also took a bath, the two went out to find a Sichuan-style restaurant, and asked for a stir-fried pork with green peppers, a pot of meat, a bowl of water tofu, and a vegetarian fried cabbage.

Wei Wenyuan, general manager of the Shanghai Stock Exchange, happily announced to reporters that on 21 May, the number of securities transactions in Shanghai reached 5,456 yuan, and the transaction volume reached more than 500 million yuan, of which the stocks alone amounted to more than 360 million yuan, both setting a record high.

Wei Wenyuan commented that the changes in Shanghai's stock market are very normal, and everything is expected.

It is worth noting that the closing prices of the 14 types of A-shares are all lower than the highest price, which conforms to the law of the stock market and reflects the vitality of the market mechanism.