At 9:42, the two major weighted sector indices of banking and insurance also continued to rise, rising by more than 1.5%, among them, the two core stocks of Ping An Insurance and Ping An Bank rose to about 5% in the day, and the volume continued to explode, both of which hit a new high in the recent turnover in the same time period.

At 9:43, 'Minsheng Bank' suddenly hit the daily limit, and the banking sector index continued to rise.

At 9:44, 'Minsheng Bank' closed the daily limit, and the intraday turnover reached about 2 billion in just ten minutes.

At 9:45, 'Southwest Securities' hit the daily limit, and the securities sector index continued to rise.

At 9:46, the two core concept theme plate indices of "reform and reorganization of central enterprises and state-owned enterprises" and "on the road of the new era and the Maritime Silk Road" also broke through to a 1.5% increase, among them, "Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Construction, Huaguo South Locomotive, Huaguo North Car" several "Hua Zitou" main line weight stocks, as well as "North Xinjiang Communications Construction, Beijing New Building Materials, Conch Cement, Shanghai Construction Engineering, Shanghai Hong Kong Group, Yingkou Port" several main line popular leading stocks, intraday gains have also exceeded 5%.

At 9:47, the indices of several major industry sectors such as building decoration, building materials, commercial real estate development, machinery and equipment, public transportation, and non-automobile transportation also rose by more than 1.5%.

At 9:48, the core stocks of the 'military' sector, such as 'China Airlines Shenfei, Aviation Power, Northern Navigation ......' and a number of weighted stocks, also continued to rise explosively, which also made the 'domestic military' industry sector index keep up with the rise of a number of related industry sectors of the main line of 'big infrastructure' in a few minutes.

At 9:49, the net inflow of main funds in the entire securities sector, banking sector, and insurance sector has reached a total of 3.2 billion.

At 9:50, "Xiangcai Securities" touched the daily limit, so far, in the securities sector, "Southwest Securities, Pacific Securities, Xiangcai Securities" three checks have been up and down, and "Huaxin Securities, Western Securities, Huacheng Investment, Huashang Securities, Huatai Securities, Huatong Securities" and many other constituent stocks, at this moment have also stood on the 2.5% rise, continue to siphon the active capital groups in the field.

At 9:51, the check of 'Huaguo Zhongjian' once again touched the price limit, and the intraday turnover reached 2.2 billion.

At 9:52, the low-level non-popular mainline sectors such as white electricity, liquor, coal, nonferrous metals, petrochemical ......, etc., which were abandoned by the main funds, the net outflow of the main funds at this time has reached a total of about 2 billion, which indicates that with the passage of market trading time, the short-term capital groups that undertook individual stocks in these fields yesterday are still continuously reducing positions and stopping losses under limited liquidity.

At 9:53, 'Qianzhou Moutai' fell 3%, showing an obvious downward trend.

At 9:54, 'Huaguo Petroleum' fell 2%, not only completely engulfing yesterday's gains, but also swallowing up the cumulative gains of the previous three trading days in one fell swoop.

At 9:55, the 'Shanghai Sanmao' soared again in a straight line in the midst of violent shocks, and at the same time, the concept of the 'Shanghai Free Trade Zone' showed a rapid explosion of higher volume.

At 9:56, the Shanghai Composite Index rose by 1.15% in the day, and continued to appear in a short-looking trend of large-scale continuous yang, and at the same time, the strongest A50 index intraday rise broke through the 2% mark, and at the same time, the main contract trend of its associated A50 index futures showed a sharp premium.

At 9:57, the scissors difference between the Shanghai Composite Index and the Shenzhen Index and the ChiNext Index reached more than 0.5%, which shows that the main line of the market, as well as the main line of the main gathering of various active capital groups, is still around the Shanghai Index and the A50 Index led by a number of large-cap stocks in the offensive.

At 9:58, 'Oriental Fortune' hit the price limit strongly.

At 9:59 a.m., 'Oriental Fortune' closed the daily limit, with a daily turnover of nearly 3 billion, which can be described as a sharp change of hands to the daily limit.

At 10 o'clock in the morning, the Shanghai Composite Index rushed to the 1.32% rise mark, and crossed the 3400 points, 3410 points, and 3420 points without hindrance, showing an extremely strong upward trend.

At 10:01, the active capital flow of the market, as well as the main capital flow, continued to converge on the industry sectors and concept plates related to the two core main lines of 'big finance' and 'big infrastructure', and the daily limit of individual stocks in the two cities, in addition to the listed new stocks and the resumption of good one-word board daily limit stocks, has reached 32, and among these 32 stocks, the market value of more than 20 billion medium and large-cap stocks accounted for almost half of the number, and there are also large-cap stocks with a market value of 100 billion yuan like 'Minsheng Bank'.

At 10:02, driven by the 18 consecutive daily limits of 'Huake Sugon', the 'new stocks' sector is rising, and in just a few minutes, the plate index has risen by more than 1 point.

At 10:03, the 'Blue Stone Heavy Load' suddenly rose rapidly under the trend of opening low and gradually turning red, which can be described as full of demonism.

At 10:04, affected by the trend of the demon stock of "Blue Stone Heavy Equipment", it is expected that a number of nuclear power and military concept stocks such as "Fushun Special Steel, Dalian Heavy Industry, Aerospace Development, China Airlines Heavy Machinery, Hongdu Aviation ......" with a strong correlation and strong correlation, as well as "Sports Industry Development" and other conceptual theme plates led by "Lei Man Optoelectronics", have also received the attention of many short-term speculation fund groups, and the corresponding stock prices have strengthened.

At 10:05, the overflow of the main capital group, once again attacked the slightly lagging growth of 'domestic software', 'Internet application', 'Internet software', 'film and television media' and other 'science and technology growth' main line stocks, among them, 'LETV, Internet speed technology, Huaguo software, Inspur Information, Huayi Brothers, Huace Film and Television ......' and other stocks rose sharply, among them, both 'Internet finance' concept theme 'Hengsheng Electronics' check, the intraday rise quickly rushed to the 7% increase mark.

At 10:06, the turnover of the two cities reached the 300 billion mark.

At 10:07, the intraday turnover of 'CEFC Securities' has touched the 5 billion mark, and the trading can be described as extremely fierce, and this check is also firmly in the top position of the turnover of the two cities.

At 10:08, the core leading stock of the securities sector, 'Hua Investment Capital', once again touched the position of the daily limit, and within the plate, the four constituent stocks rose to the limit.

At the same time, the securities sector index rose by more than 3% during the day, still leading the two markets.

At 10:09, the insurance sector index and the banking sector index further rose, reaching the 2% growth mark, and the entire main line of 'big finance' continued to strengthen, continuing to frantically siphon the active capital groups in the market, as well as the main capital groups of all parties who are rushing to pursue and raise.

At 10:10, the 'Civil Commercial Bank' rose to 5% in the day.

At 10:11, the check of 'Xinhua Insurance' rose to about 7% in the day, one step away from the daily limit, and the intraday turnover reached about 2.6 billion, setting a new high in the same time period.

At 10:12, 'Hengsheng Electronics' touched the price limit.

At 10:13, 'Hengsheng Electronics' closed the price limit, and because of the check limit, the entire 'Internet Finance' sector index was strongly pushed up to 3.87% of the intraday increase position, not only continued to lead the rise of all the conceptual theme plates in the two cities, but also refreshed the record high of this sector with an extremely steep upward trend, exceeding the peak position of this plate last year's large-scale continuous hype.

At 10:14, the Shanghai Composite Index continued to refresh its intraday high, expanding its intraday gain to about 1.5%.

At 10:15, the A50 index rose by 2.65% again, and the main contract of A50 index futures rose by 3% during the day, with a premium of nearly 0.5%.

At 10:16, the number of non-one-word board stocks in the two cities has reached 52.

At 10:17, the turnover of the three main lines of banking, insurance, and securities has broken through to the 100 billion mark, accounting for nearly one-third of the entire market turnover.

At 10:18, the overall market pattern of the two cities has basically completely formed a form with 'big finance', 'big infrastructure' and 'science and technology growth' as the core breakthrough direction, and the rest of the 'cycle', 'growth' and 'white horse performance' stocks are relatively lagging behind in terms of growth and trading activity.

"Damn, this market trend is really unreasonable!"

At about 10:20 a.m., Yuhang, Yuhang Investment Company, in the main fund trading room, Wang Can, as the head of the trading team, carefully observed the changes in the market of the two cities, and continued to refresh new highs for the Shanghai Index to continue to refresh new highs, and broke through the 3400 points, 3410 points, and 3420 points without hindrance. ”

"Huh...... Otherwise, how can it be said to be a full-fledged bull market? Beside Wang Can, Zhao Lijun, the fund trading manager of the main fund product of 'Yuhang No. 1', said with a smile, "I thought that after the good landing of the 'Shanghai-Hong Kong Stock Connect', the market would adjust for a short time, but I didn't expect it...... Now a lot of funds, should be empty, right? ”

"This short trend is indeed exaggerated." Hearing the conversation between the two, Zhu Tianyang of another trading group couldn't help but answer, "Especially after the 'Shanghai-Hong Kong Stock Connect' just landed yesterday, the many active capital groups in the market who abandoned the main line of 'big finance' and tried to switch between high and low in vain, and drove the 'big consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical and commercial ......' and other low-level stagflation main line markets, should be quite uncomfortable now." ”

"It was this part of the capital group that smashed the main line of 'big finance' yesterday, and today it is this part of the capital group that is crazy about grabbing the chips of the 'big finance' main line market, perhaps, it is also this part of the capital group." Zhao Lijun said, "The pattern and cognition are not enough, and they deserve to be harvested!" ”

"Mainly...... No one would have thought that after the good landing of the 'Shanghai-Hong Kong Stock Connect', the news that the central bank is expected to cut interest rates and reserve requirements in December will ferment so quickly. Zhu Tianyang responded, "When the market developed with 'big finance' as the core line of development, in fact, relatively speaking, the two major weighted sectors of banking and insurance did not move much, and there was no strong performance of the securities and Internet finance sectors that were far beyond the large market index, but you look at today's market...... The two major weighted sectors of banking and insurance have begun to take the lead obviously.

This shows that the main line of 'big finance' is fermented under the expectation of the central bank's interest rate cut and RRR cut.

The certainty of its market has not weakened, but has increased.

If nothing else, before the central bank's expectations of interest rate cuts and RRR cuts in December are fully realized, the evolution of the 'big finance' line should be even crazier than before. ”

"Under such a trend, 'big finance' is so aggressive, I'm afraid it can quickly raise the Shanghai Index to more than 3,600 points, maybe the end of the year can really see the 4,000 point mark in one fell swoop." Wang Can said excitedly, "Hehe...... Several of our institution's main fund products may be able to make a profit of 100 billion yuan this year. ”

Zhu Tianyang pondered for a moment and said: "At the end of the year, it is still too optimistic to see 4,000 points, at present, the main upward driving force of the market is still the two core main lines of 'big finance' and 'big infrastructure' in the contribution, and the other core main lines are obviously almost power." ”

"Yes, the index looks like a comprehensive bull market, but in terms of the evolution of the specific main market, it is still a local market." Zhao Lijun said, "It is still necessary to 'grow concept', 'white horse performance', and 'non-ferrous cycle'...... Otherwise, it will be very difficult to pull the Shanghai Index to 4,000 points in the short term. ”

Zhu Tianyang thought for a while and continued: "When the turnover of the two cities, under the ultimate market money-making effect, breaks through a new level, and surpasses the liquidity of the main line of 'big finance' and 'big infrastructure', the large-scale incremental capital group should still spill over to the main line areas such as 'concept growth', 'white horse performance', and 'non-ferrous cycle ......', and at that time, the stocks of these mainline-related sectors will definitely rise."

In general, as long as the valuation level of the entire market, with the core main lines of 'big finance' and 'big infrastructure', as well as major indexes, continue to rise.

Then, the valuation level of individual stocks related to these fields of 'concept growth', 'white horse performance', and 'non-ferrous cycle ......' will also catch up sooner or later.

After all, in the full-blown bull market, there will be no valuation depression that funds ignore.

As long as there are stocks with corresponding investment value for money, chips are scarce in the increasingly fierce bull market, and they will not be ignored by the large number of incremental capital groups that pour in. ”

"Can the news of the central bank's interest rate cut and RRR cut come true?" Wang Can muttered for a while and asked.

Zhao Lijun smiled and responded: "Since everyone is spreading it, there must be a certain basis, right?" ”

"In fact, no matter whether this news can come true or not, it will not affect the violent rise of the core main line of 'big finance' at the end of the year." At this time, Liu Yuan, who had been silent, suddenly answered, "Doesn't Master often say that the stock price speculation is expected, rather than the final fulfillment of expectations?" As far as the current market expectations are concerned, the core main line of 'big finance' has basically filled the expected effect, right? It is difficult for these stocks not to continue to rise sharply, supported by such extremely strong expectations for the future. ”