On Friday, May 22, the market trend on the last trading day of the week turned the big A two markets upside down, and the Shanghai Composite Index opened directly at 4584.98 points in the morning.

After the close, the Shanghai Composite Index rose +2.83% to 4,657.60 points, standing above the 4,600-point mark for the first time.

In terms of individual stocks, Chinese Online opened high today, fell for a time in the session, and finally closed down -7.71%, this ticket in the recent market is basically over, after all, it is not a real leader.

Today's headlines, the real leader of popularity, walked out of the second board today, and the stock price came to the price of 128.83 yuan, and the market value rose to 161 billion, which is only one step away from breaking through the historical high of 129.73 yuan.

But today's most popular is not today's headlines, but quantitative capital, the total leader of the Chinese army, in today's rising market, the stock strong volume and price rose to close the price limit and broke through the record high to 726.12 yuan, corresponding to a market value of 1015.115 billion yuan.

Quantitative capital broke through the trillion market value mark for the first time, and it is also the eighth trillion-dollar market value stock in the A-share market, surpassing Zhongguo Life Insurance to become the sixth listed company in the market value of the A-share market.

At this moment, the comment area of the stock bar of these two stocks can be called a popularity index, and shareholders are constantly hotly discussed.

[Numb!] ]

[It's finally breaking through a trillion.] ]

[I want to think that the original quantitative capital fell by 7.9 yuan in 18 consecutive boards, and then look at the current stock price of 726.12, a 90-fold increase in two years, I feel that it is expected to break through 100 times!] ]

[I just want to ask if anyone can get it from 7.9 yuan that is not sold now?] ]

[Impossible, no one can hold it, there are only three situations that can hold it, either forget, or hang, or go in and step on the sewing machine, otherwise no one can resist the violent fluctuations of several halves in the past two years.] ]

[This increase is picturesque, if you bought tens of thousands of yuan at the lowest point two years ago, this would be millions of income!] ]

[Today's headlines are about to hit a new high, 78 yuan to cut meat at the floor price, really crying to death.] ]

[I thought that the headline vote was going to be killed, who would have thought that it could get out of the second wave of the market?] I can understand that the market value of quantitative capital has exceeded a trillion yuan, but the trend of today's headlines is really beyond the scope of cognition, and this vote is really outrageous. ]

[Not only these two votes, I found that the 21 stocks of the galaxy have broken through new highs one after another, and now there is one Xingyu Technology missing, and the stock price of Xingyu Technology today is also standing on an equal footing with Zhong Petroleum with a market value of 2.2 trillion yuan, and I think it will soon regain the top spot in the market value of Big A. ]

[The tickets of the galaxies are really a mess, the trend is picturesque, and the pits that have been killed before are all gold pits, without exception.] ]

[Not convinced, no, there are eight stocks with a trillion market value of big A, and the galaxies account for 2, WeChat listed in June, I think most of them will break through the rhythm of trillions, and there will be three by then, and Kyushu Blue Arrow now has a market value of 600 billion, and it is very likely that it will be a technology giant with a trillion market value in the future, my ......]

[The tickets for other galaxies are also hundreds of billions of super-large cap stocks, and I really don't know if I don't know it, and I'm shocked when I see it.] ]

[A thousand words just want to say: K Shenniu pen (broken sound)——! ]

……

In the afternoon, Tranquility Villa.

At this moment, Fang Hong sat with Tian Jiayi, who came back from the company, and she was reporting on the company's related matters: "Today, the investment research and analysis department believes that H-shares are worth looking at, and some people have given suggestions that the funds are going south to lay out long Hang Seng Index, and that the H-share Hang Seng Index is now at a low valuation level against the A-share Shanghai Index, but no decision has been made. ”

"Long H shares?" When Fang Hong heard this, he immediately asked: "The people in the investment research and analysis department think that H shares are undervalued?" Haven't you thought about another possibility, is it possible that H shares are not undervalued, but A shares are overvalued? ”

The beautiful assistant couldn't help but shrug her shoulders, and then said, "What do you think?" ”

Fang Hong said neatly: "If the funds go south to toss H shares, it will be free, and it is not appropriate to short, and the A shares are ready to cash out except for the core assets, so they will start withdrawing from the brokerage sector." ”

Hearing this, Tian Jiayi was very surprised, such a decision was obviously starting to be bearish on the market outlook, she asked: "What about the banking and insurance sectors?" ”

Fang Hong pondered for a moment and then ordered: "The insurance should also be withdrawn, and the bank shares will continue to be held." ”

Tian Jiayi nodded: "Well, okay." ”

After all, the banking sector is the largest weighted sector of the big A, and it needs to maintain the capital adequacy ratio.

And it is not surprising that Huijin is most likely to reduce its holdings in the four major banks, so there is no need to follow it.

Relatively speaking, insurance and brokerage stocks are not so important, especially the brokerage sector, which can be fully liquidated.

Qunxing Capital holds almost all the listed brokerage stocks, and it is not an exaggeration to say that it is a heavy position, but the shareholding ratio of each brokerage stock does not exceed 5%, so there is no need to issue a reduction announcement in advance when withdrawing.

As for other non-core asset targets, especially some junk stocks, they can be sold without scruples, and these stocks are even engaged in short-term operations, and they have specially avoided quarterly position announcements to avoid appearing in the list of the top ten circulating shareholders.

This round of bull market has risen very rapidly, and the trading volume has continued to maintain a trillion-level scale, which can complete the adjustment of positions and shares in a short period of time, and it is very convenient to enter and exit.

……

After the weekend, the time came to Monday, May 25.

Today, the A-share market opened and staged a short market again, and the trading volume was also increased again, and the disk showed a trend of rising volume and price, but just when the crowd was boiling, Qunxing Capital had quietly withdrawn from the market.

The securities sector opened rapidly in the morning, and the sector rose by nearly 5 percentage points at about 10 o'clock, but then it could not rush.

Because Qunxing Capital is continuing to sell, the long people find that no matter which brokerage stock, no matter how much they pull the platform, they can't finish the goods, and although the sell order does not appear to be a super large order and smash it continuously, it is as if it can't be bought, and there are always people selling, resulting in the stock price not rushing up at all.

Then it began to weaken, compared with other institutions, Qunxing Capital is really kind, there is no smashing and running, and the market does not continue to accept if the funds are insufficient.

Qunxing Capital is not in a hurry, after so many years of layout, the overall income of the brokerage sector has tripled, and it is enough to withdraw slowly, and it is completely acceptable to withdraw some, and it is impossible to achieve all the withdrawal in one or two days.

As of the close, the Shanghai Composite Index once again closed a big white line to a new high, recently out of the six consecutive yang, after hours up +3.35%, closed at 4813.80 points, today is a breath of continuous standing on the 4700 points and 4800 points integer mark.

As Fang Hong expected, the public fund that had withdrawn from 4,000 points was now forced to return, because the market was short, and the people couldn't take the initiative to send money, and under the hot and crazy market, the over-the-counter people bought the fund frantically, resulting in the dilution of the fund's position ratio, and the fund manager could only increase his position to maintain 85% of the position ratio.

Only a very small number of fund managers have a little conscience, and at this time they simply close the subscription channel, but the vast majority of fund managers are upheld that they don't make money bastards, and if they lose money anyway, they are also the people's, and the management fee can still be collected.

All kinds of funds on and off the market are now crazy, and investors are shouting that 10,000 points in the market is not a dream, and 5,000 points has just started.

……