Chapter 234: Swallowing but Not Spitting (continued)
"5 billion Hong Kong dollars!" Zhong Shi stretched out an arm, stretched it high, and made a five-point gesture, "We're going to hold up the big plate to 7,000 points!" ”
"Good!" The researchers and traders applauded, and the atmosphere reached its highest point in an instant!
For most of them, "squandering" 5 billion Hong Kong dollars in a single day is something they can't even think of in their trading careers. This figure means that they can buy whatever they want, and they can buy as much as they want, you must know that the current stock of HSBC Holdings is only 60,000 Hong Kong dollars, and to consume these capitals, it takes close to 100,000 lots to be consumed. Although compared to HSBC Holdings, which has a total share capital of more than 40 million contracts at this time, these are just a drop in the bucket.
However, the inflow of HK$5 billion in a single day is definitely a big move that can detonate the stock price for the current HSBC Holdings, and its stock price may rise by several percentage points. The rise of HSBC Holdings, which accounts for 15% of the market value of the entire Hong Kong stock market, can drive the entire market up.
Soon, when the auction period ended, investors were surprised to find that the Hang Seng Index had soared all the way to the green, and it seemed that it was not affected by last night's Soros article at all. Although the market that did not fall but rose attracted their attention, not many people followed the order at first, because they did not know what it was all about.
After the opening of 6649, after the index only fell slightly by 6 points, the overwhelming buy orders were hung up in the buyer column of the constituent stocks, many of which swept away the original sell orders at the corresponding price in an instant, and then the stock magically turned red to green. Prices began to skyrocket.
And this situation, especially occurred in the HSBC Holdings trading column is the most obvious, originally at the price of 149 Hong Kong dollars on the 1500 hands of the sell order, but when the time for free trading arrived, immediately there were buy orders began to quickly eat away at the sell orders here, within five minutes the 1500 hands of the sell orders were consumed half, when the sellers found that the momentum was not right, their line of defense has been consumed by the opponent's heavy firepower.
Naturally, the bears will not rest on their laurels, after a moment of sluggishness. They began to gather again in the position of 150. Sell a large number of sell orders. But contrary to what they expected, the buyer didn't seem to care how much they threw at all, just eating, eating, and eating again. Soon, the defense line of 150 was again breached.
The other side is unstoppable. Retreat first. The empty side thought so. Soon began a gradual retreat. After another thousand lots of selling between 152, 153 and 154, a line of defense was re-stacked around 155.
According to their estimates, the other party ate more than 5,000 hands of HSBC Holdings so ferociously. There should be a lack of succession in terms of funding. So they waited there all their time, waited until the other started to throw back, and then broke it down in one fell swoop.
However, today's script is not destined to be written by them. As more and more buying orders emerged from the constituent stocks, the prices of many stocks rose, and the entire Hang Seng Index also rose. After the index rushed to 6800 in one go, many small and medium-sized investors also rushed to enter the market as if they were dreaming and began to buy behind this stock.
As a result, when creating a wave of the entire market, the bears will have to retreat, after all, they will not be able to oppose the whole market. Hong Kong Telecom, Huade Real Estate, Sun Hung Kai, Changhe Industrial and other real estate stocks rose particularly obviously, breaking through 5% at noon, and with the recovery of real estate, finance and other sectors, other sectors have also risen, for a time the entire market is almost a hundred flowers blooming, looking at all are gratifying green.
By the time of the noon auction, the Hang Seng Index had risen by 351 points to as much as 7,000 points. Although most people in the market still do not understand why the Hang Seng Index has skyrocketed, this does not prevent them from entering the market to chase the rise.
As soon as the market opened in the afternoon, the upward momentum of the index did not decrease at all, and the main funds bought did not break, and the market continued to be optimistic!
It's just that on HSBC Holdings and Hong Kong Telecom, the bears began to snipe stubbornly, after all, this is a super heavyweight stock, as long as the price of these two stocks can be knocked down, it is difficult to say who will die or live in the future.
Gradually, as HSBC Holdings' trading volume skyrocketed, investors in the market began to look here. In its buy and sell columns, the long and short sides quickly and frequently change hands, and the number of lots traded at almost every minimum price reaches hundreds of lots.
However, to the surprise of the bears, no matter how much money they mobilize and how many HSBC shares they sell, the bulls seem to be able to move forward. Since they were the biggest sellers, they knew almost everything about what was being sold in the market, and they soon discovered a phenomenon that made their hearts flutter: the bulls didn't spit out any HSBC shares, even though the price had risen by as much as nine spreads.
"Just swallow and don't vomit!"
The party who sells short mutters in his heart, what is the situation? Because it's not at all in line with a normal trading strategy! Generally speaking, using such a large amount of funds to buy a stock, and once there is a situation of following the trend, the operating party will inevitably take the opportunity to spit out a part, which may alleviate the financial pressure, and the second is to settle down.
But the other party has no intention of converting it into cash at all, and still keeps buying, buying, and buying again on HSBC Holdings! Therefore, although the bears had doubts in their hearts, they did not dare to be careless at all, and frantically mobilized the shares of HSBC Holdings borrowed from various brokers to fill in the battlefield here.
In the frantic wrestling between the long and short sides, HSBC Holdings directly turned into a meat grinder, consuming the continuous investment of both sides, and the amount of money simply stunned everyone who noticed the battle here. Almost every time buyers and sellers sell and buy, they are not less than 100 lots, that is, 6 million Hong Kong dollars, and the number of hands traded by both sides can even reach thousands of hands per minute, that is, 60 million Hong Kong dollars conversion.
However, this kind of scramble did not distinguish a winner until the end of the market, and finally the share price of HSBC Holdings stayed at 158 yuan, and did not rush above 160 after all, with a rise of 4.6% throughout the day.
In other aspects, Tianyu Fund's shot was a great success, under the entry of a large number of funds to buy, Hong Kong stocks soared 584 points all day long, closing at 7224 points, an increase of 8.3%, sweeping away the decline of some time ago, and really raised their eyebrows! (To be continued......)
PS: Thank you book friends dkmiror and chief Katsugami for voting for the monthly pass! Thank you for your support~!