When China Heavy Industry's stock price hit the daily limit, it immediately topped the real-time gainers list across both markets.
The entire market, the investor community focusing on the "military industry" thematic main line and China Heavy Industry's stock, all showed expressions of shock.
Immediately after, before too many people could react.
The "National Defense Military Industry" sector to which China Heavy Industry belongs.
As well as its affiliated "Military Industry" concept sector, "Domestic Aircraft Carrier" concept sector, and "CSSC Group" concept sector.
Related thematic stocks all surged.
Among them, CSSC Defense, CSSC Technology, China State Shipbuilding, China Airlines Heavy Machinery, Aoxing Marine Chain, China First Heavy Industries, North Navigation, and others, under the influence of countless active buying and follow-up funds, all rose sharply.
Especially the stock Aoxing Marine Chain.
Within less than half a minute of China Heavy Industry's stock price hitting its daily limit, it surged by 8 percentage points in a continuous series of large active buy orders, directly approaching the daily limit.
At 2:12 PM, one minute after Su Yi ignited a forceful push for China Heavy Industry's stock price.
A massive surge of active buying funds collectively sealed China Heavy Industry's stock price at the daily limit.
At the same time, Aoxing Marine Chain also sealed its daily limit.
And after China Heavy Industry's stock forcefully sealed its daily limit with an intraday trading volume of 9.3 billion, the entire "National Defense Military Industry" sector, as well as its related "Beidou Navigation," "Domestic Large Aircraft," "Domestic Aircraft Carrier," "Military Asset Securitization," and "Military Enterprise Reform" concept themes, were all activated.
And along with the military industry thematic main line's desperate counterattack.
The so-called small and medium-cap growth stock concept areas, such as "Internet Software," "Film and Television Media," and "Internet Finance," which are strongly correlated with this thematic sentiment and tend towards the SME Board and ChiNext Board, also surged.
The core component stocks of the relevant SME Board Index and ChiNext Board Index followed the activated bargain-hunting and long sentiment, skyrocketing.
At 2:15 PM, only three minutes had passed since China Heavy Industry sealed its daily limit.
The three core ChiNext Index component stocks, East Money, Hithink RoyalFlush, and LeEco, all rose from deep declines of 3% to 6% into positive territory, fueled by the bargain-hunting sentiment activated by China Heavy Industry, and continued to surge as trading time progressed.
"Holy crap, is this a desperate counterattack?"
Seeing the "National Defense Military Industry" sector and its related concept sectors continue to surge, already leading the industry and concept sectors in both markets, while the Shanghai Index, Shenzhen Index, and ChiNext Index all turned red and skyrocketed.
Xu Qiao, in the internal group of Su Yi's "Magic City Ultra-Short-Term Gang" main capital, widened her eyes, a wave of excitement finally bubbling up in her heart:
"How many days has it been, I've almost gone numb from the drops. Now… I finally see a glimmer of hope."
"I never expected it to be the 'military industry' main line that ignited the sentiment."
Brother Chen from "Xinyue Road" also remarked in surprise at this moment.
"The 'military industry' sector had the worst decline in this round, so it's unexpected yet reasonable for it to lead an oversold bounce,"
Said Old Wu from "Yintai Road."
"The violent surge in China Heavy Industry by 'CSI' finally captured some essence of guiding market sentiment."
"It feels like the 'national team' has changed traders,"
Said Old Zhang from "Xinzha Road."
"This recent daily limit of China Heavy Industry can be called the soul board for market sentiment reversal. Damn… a daily limit with nearly 10 billion in turnover, 'CSI' is truly rich and willful."
"Yeah, the 'national team's trading today was very clever."
"Fortunately, they didn't continue to blindly pump up the four major banks and two oil giants, desperately propping up the A50 index, otherwise I would have really gone crazy."
"Only sectors that can coalesce market bullish sentiment can save the market. It felt like the 'national team' was wasting efforts before, but thankfully… today they finally found the right way."
"Finding the right way to save the market is one aspect,"
Xu Qiao said.
"Another important aspect is that the boss finally spoke."
"Both markets have fully counterattacked. At this time, is the logic of 'oversold bounce' okay?"
"Definitely no problem. China Heavy Industry being able to seal its daily limit is a weathervane for market sentiment reversal.
Focus on the 'military industry' main line first, followed by the 'Internet Finance' main line which had huge declines, and also 'CSI holdings' and 'SOE reform' concepts that were previously hyped and still have a psychological impression on investors. All are good."
"Prioritize index-weighted component stocks. Today's core market hot spot is clearly on index-weighted stocks."
"I've already put 5 million funds into Hithink RoyalFlush. Who wants to follow?"
Along with the refreshing of messages in the group and the rapid increased positions by several proprietary traders in the group.
Across the entire market, all stocks had received attention from bargain-hunting funds, rebounding sharply from intraday lows.
Many stocks even soared from the daily limit, turning red.
At 2:20 PM, the Shanghai Index's intraday gain returned to its high point, reaching 2.73%.
Meanwhile, the Shenzhen Index and ChiNext Index surged above 3%, and the "National Defense Military Industry" sector index gained over 4%.
Its associated concept sectors and related concept stocks all experienced a wave of daily limits amidst a surging tide of bargain-hunting funds.
At 2:25 PM, the stock Hithink RoyalFlush hit the daily limit, almost forming a "Ground to Sky" pattern intraday.
At 2:32 PM, the Shanghai Index's intraday gain broke through 3.5%, while the Shenzhen Index and ChiNext Index continued to surge above 5%.
The two markets reversed from over 500 stocks hitting the daily limit half an hour ago to an insane state of over 500 stocks hitting the daily limit.
Subsequently, as trading time continued to advance.
A multitude of stocks and major indices in the market showed a continuous, one-sided surge in the closing hour.
Furthermore, at 2:51 PM, the main contracts for the current month of the CSI 300 index futures, A50 index futures, and SSE 500 index futures all touched their daily limits.
Finally, when the market closed at 3:00 PM.
The Shanghai Index settled at 3083.59 points, surging 5.34% and returning above 3000 points, while the SME Board Index and ChiNext Index rose by 6.36% and 6.67% respectively.
Both markets successfully reversed from over 500 stocks hitting the daily limit at their intraday low to a thousand stocks hitting the daily limit.
Especially the market trend in the last hour of trading.
In the post-market reviews, it was widely referred to by investors as the "Miracle Hour."
Of course, in this "Miracle Hour," China Heavy Industry, the stock that catalyzed the reversal of the entire market sentiment, and the "military industry" thematic main line that led the desperate counterattack in the market's final hour, naturally also garnered immense attention and heated discussion from countless investors after market close.
Without surprise, regarding China Heavy Industry's daily limit.
Whether it was the various main capital groups active in the market or the broad retail investor community with relatively limited understanding.
They all unanimously believed that the main funds that sealed China Heavy Industry at the daily limit today, reversed market sentiment, created an explosive profit effect for the "military industry" main line, ignited the "oversold bounce" speculative logic, and ultimately formed the "Miracle Hour" market trend, were the "national team" funds led by CSI and Central Huijin.
However, when 5:00 PM arrived.
China Heavy Industry, meeting the conditions of a daily gain exceeding 10% and a three-day price deviation exceeding 20%, unexpectedly appeared on the Dragon-Tiger List for both markets with its massive intraday trading volume, disclosing its intraday buy and sell seats.
When all investors monitoring the Dragon-Tiger List data and China Heavy Industry's stock.
Noticed the disclosed buy and sell data.
Especially when they saw the "Financial Street Fuxing Road" trading seat listed as the top buyer for China Heavy Industry intraday.
For a moment, everyone was stunned, showing expressions of extreme astonishment and shock!
(End of Chapter)
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