Like someone dying of thirst suddenly seeing a spring.
The central bank's announcement of interest rate and reserve requirement cuts rapidly gained momentum in the mid-day market, rescuing the investment confidence and bull market belief that had fallen to dust, and reigniting hope for everyone.
Amidst this rekindled flame of hope, the bulls' investment confidence surged rapidly.
With countless eyes full of expectation, 1 PM arrived, and both markets reopened for trading.
The market's trading had just begun to stir when all financial stocks in the entire 'Big Finance' main theme sector surged straight up.
Within one minute, the Shanghai Index surged by over 3%.
At the same time, the Shenzhen Component Index, ChiNext Index, and CSI 500 Index rapidly rebounded into positive territory, recovering all intraday losses.
Meanwhile, the CSI 500 Index Futures main contract, which Su Yi had already closed positions on to lock in profits, also surged straight up, successfully turning positive, boosted by countless main buy long orders and short covering orders.
"Haha... good thing I held on this morning when it hit the limit down and didn't sell. The central bank is truly the central bank; its moves are always powerful."
Seeing all stocks in both markets violently rebound, a big investor who had been glum all morning in the trading room was now full of smiles and extremely excited.
"At least we didn't die before dawn. Next... the Shanghai Index is targeting 5000 points!"
"Liquidity has recovered. The central bank made emergency interest rate and reserve requirement cuts to save the market. The market should have bottomed out now, right?"
"4000 points, 4000 points, 4000 points indeed... that's the market's solid bottom!"
"Oh my god! Dongfang Caifu went from limit down to limit up in ten minutes, a floor-to-ceiling board, I'm so envious... Too bad I have no money left to buy the dip."
Amidst everyone's exclamations and sighs.
Major market indices and countless stocks continued to skyrocket and surge upwards.
After the bulls' confidence and sentiment recovered, more and more bargain-hunting orders poured into the market, and aggressive bandwagon-following funds rushed to place buy orders at the limit up price.
At 1:25 PM, the Shanghai Index approached a 5% gain, and a wave of limit-ups had already appeared across the entire securities sector.
At 1:36 PM, the stocks of the four major banks all rose by over 5% intraday, with Huaguo Bank even approaching the limit up price.
At 1:42 PM, hot 'Internet finance' concept stocks that had previously hit continuous limit-downs, such as Dongfang Caifu, Tonghuashun, Yinjie Keji, Jinzheng Gufen, etc., all displayed the floor-to-ceiling board pattern.
"This market today... is absolutely epic."
Seeing the Shanghai Index return to 4200 points and almost all stocks in both markets show a desperate counterattack under the stimulus of super significant positive news, Mr. Deng was also quite happy.
"Finally, we can recover some of our losses."
Compared to speculating by shorting stock index futures.
He still preferred, or rather, was more accustomed to, making money by going long on stocks.
"Haha... the central bank is still amazing."
At this moment, Lin Minghui was also very excited, looking at his two heavily held stocks, Leshiwang and Dongfang Caifu, both showing floor-to-ceiling board patterns in his holdings account.
"Today will also be a day recorded in A-share history!"
As his heavily held stocks Leshiwang and Dongfang Caifu went from limit down to limit up.
And as his other heavily held stock, Huaguo Pingan, went from a 7 percentage point drop to an 8 percentage point gain.
In less than an hour, his stock account recovered almost 10 million.
"Old Lin, after the market closes today, you'll have to treat us, won't you?"
Mr. Deng said with a smile, seeing several heavily held stocks in Lin Minghui's account were either at limit up or approaching limit up.
"We've waited until the clouds parted to see the moon; the darkness before dawn has finally been endured."
Lin Minghui happily said,
"No problem, I'll arrange it after the market closes."
Then, Lin Minghui turned his gaze to Su Yi and continued,
"Brother Su, join us after the market closes later. Also, I'd like to introduce you to a few friends who are also in financial investment."
During his time in contact with and observing Su Yi.
He found that although Su Yi seemed to have a certain obsession with shorting stock index futures, his judgment on trading entry and exit points was truly accurate.
Moreover, the other party was able to turn 150,000 in capital into over 20 million in just half a month.
Truly impressive.
Such a 'potential talent' with high future prospects.
Since he had met him, he certainly wanted to make some connections and lay down a network of contacts first.
What's more, before the market's significant positive news was announced, Su Yi's few words of warning allowed him and Mr. Deng to close out their stock index futures short positions at a low point to lock in profits.
This helped him avoid at least a million-level loss, so he should indeed be grateful to the other party.
After all, if he hadn't closed out his 10 lots of stock index futures short positions in time that morning.
He would have certainly lost over a million in the afternoon.
"Okay!"
Su Yi, seeing the warm invitation and having no reason to refuse, couldn't help but respond.
"Brother Su, you've made enough profit from this round of shorting stock index futures. Now that the central bank has personally supported the market and the Shanghai Index has returned to 4000 points, it shouldn't fall anymore. Why don't you transfer your funds back and continue to go long on stocks?"
Mr. Deng proposed, seeing that Su Yi had remained in cash since closing his positions to lock in profits that morning.
"Many high-quality stocks, after this round of sharp decline and correction, have seen their valuations come down. Buying the dip at this time should yield good returns."
As he spoke, he was already re-increasing his stock holdings.
Su Yi, hearing Mr. Deng's kind suggestion, said with a smile,
"I'll wait and see. After the positive news stimulus, emotions will gradually cool down, and the market will reveal its true colors. If, by then, the Shanghai Index can still continue to break upwards and the market's profit-making effect can still continue to recover, it won't be too late to go long. Otherwise... I might continue to short."
"Continue to short?"
Hearing Su Yi's words, Lin and Deng both thought Su Yi had gone mad.
With current positive news, the regulatory body's supportive attitude towards the stock market was obvious.
At the same time, the index had already fallen to a relatively low point, fully completing a round of risk release, and the market's liquidity crisis had also eased.
In such a situation, still thinking of continuing to short?
The two truly couldn't understand.
Seeing their surprised looks, Su Yi continued with a smile,
"I just trade according to my own ideas. You two seniors don't need to pay too much attention to my thoughts."
"Alright!"
Lin and Deng nodded their heads.
At this moment, as far as the eye could see, the market was full of positive news.
If Su Yi were to short stock index futures again at this stage, the two of them would definitely not follow anymore.
As the three spoke, market trading hours had entered the late trading session after 2 PM.
The Shanghai Index, Shenzhen Component Index, and ChiNext Index were still rising, with over 2000 stocks in both markets in positive territory, and the entire 'Big Finance' main theme sector had completely unleashed a wave of limit-ups.
Then, at 2:20 PM.
The Shanghai Index's gain approached 6%, and the ChiNext Index's intraday gain even reached 6.62%, with intraday volatility hitting a new historical high.
At 2:40 PM, the CSI 500 Index Futures main contract hit the limit up, and over 200 stocks in both markets showed the floor-to-ceiling board pattern.
At 2:50 PM, over 1000 individual stocks hit limit up in both markets, completing a magnificent transformation from 'a thousand stocks limit down' in the morning session to 'a thousand stocks limit up'.
Finally, when 3 PM arrived.
The Shanghai Index settled at a 5.53% gain, approaching 4300 points.
The ChiNext Index closed with a surge of 6.28%, and the CSI 500 Index also closed up over 6%.
Both main board heavyweight stocks and small and medium-cap concept stocks in the two markets initiated a desperate counterattack with a wave of limit-ups.
Facing such closing scenes.
Hundreds of millions of investors across the entire market were as excited as if it were Chinese New Year.
Countless people were showing off their account profits after the market close, numerous institutions interpreted the central bank's monetary policy impact from various angles, and various online stock gods and stock commentators all loudly declared '4000 points is the starting point of the bull market.
It's the market's solid bottom'... as if overnight, the bull market flame that had been extinguished by continuous 'thousand stocks limit down' blazed fiercely once again.
(End of chapter)
---------------------
Support me on P@treon
[email protected]/charaz
$3 -> 15 chapters in advance
$5 -> 30 chapters in advance
$10 -> 60 chapters in advance
Check my pinned post on P@treon