Rebirth: The Financial Giant

In the next few trading days at the end of October, the market trend was as expected, and many blue chips with heavy weights in the consumer sector represented by liquor plummeted.

On the day of October 29, the liquor stocks collectively fainted and all got drunk.

Among them, the liquor giant Maotai with a market value of more than 760 billion has a one-word limit down, and the entire liquor sector is mourning.

It is the first time in the history of the stock that Maotai fell by the limit at the opening. It can be said to be a blow to investors. Since the high point of 792.50 yuan, it has fallen by more than 30%. In the more than ten years of Maotai's listing, it closed The price has never had a limit down, and there have only been three drops of more than 9% in history. The former stock king has a limit down today, which can be regarded as an event worth recording.

Due to the sharp pull of the liquor consumption sector, other sectors did not stand up. Most of them were mud bodhisattvas crossing the river. As a result, the broader market was also wiped out today with a decline of more than -2%, not to mention the impact of 2700 points. That is, 2500 is broken down at any time.

The former stock king, the king of the liquor sector, has seen a limit-down, and there are a lot of investors joining in the fun, and there is a lot of discussion.

"A large number of blue-chip white horse stocks such as pharmaceutical stocks, Haikang, Zhongxing, etc. collapsed earlier, and now it's finally the turn of Baijiu, the left-back fortress!"

"Limit-down! Limit-down! This is the beginning of trending blue-chip stocks not falling, this is the stage of killing valuations, and it also marks the official entry into the second half. The first half is a structural decline, junk stocks plummeted, and funds are still in the blue-chip group to warm up, the second half is The so-called bear market killing heart, if the stock is not completely cleared, it will not be able to maximize the exchange of chips at the bottom, and will not be able to make another wealth distribution in the process of the next bull market! "

"What I'm most worried about now is that the previous stock king is not a vegetarian. Can its lower limit form a 'butterfly effect'? Is the current domestic consumption upgrade facing a bottleneck? Is today's lower limit an accident or expected Yes? If the limit falls by two or three boards, is it possible to form a stock market crash again?"

"Fortunately, the current stock market leader did not make up for the knife today, otherwise it would definitely not be able to collect 2,500 points today. Tiansheng Holdings seems to have started to shake up the platform. It seems that if the stock market leader does not break through the previous high of 41331, it will be difficult to have a big market."

"I agree with this point. In order for the index to break through the key pressure level, it has to rely on big finance and securities companies to jointly attack. Since the stock market king is not willing to break through, I just tell everyone not to think too much in the near future. If there is no big market, what should I do... [covers face]"

"Anyway, Maotai has nothing to do with me. Tiansheng can't afford it, and I can't afford Maotai with a stock price of more than 600."

…

At the opening in the morning, Maotai's share price fell directly below 600 yuan, hitting a new low in more than a year. It closed at 549.09 yuan, the total market value fell below 700 billion yuan, and the market value evaporated 76.8 billion yuan in one day. As of the close, the turnover was 2.69 billion. There are still nearly 80,000 lots of about 4.39 billion funds lined up to sell.

Many institutional investors suffered heavy losses as a result of Mao Ti’s slump. Fund institutions are expected to lose 3.158 billion yuan within the day.

However, Tiansheng Capital bought the bottom today. To be precise, the Tiansheng Value Growth Hybrid Fund bought the bottom. However, the net value growth of Tiansheng Enchantress today closed at -0.97%, and it still lost money.

For the sharp drop in liquor, the market generally believes that the reason for the second draft of the Basic Medical Health and Surveillance Promotion Law on October 22 was submitted for deliberation. In addition to prohibiting the sale of tobacco and alcohol to minors, it also specifically added "the state strengthens publicity and education on the dangers of excessive drinking among citizens".

At the end of last week, that is, yesterday, Mao Ti released the third quarter financial report. The growth rate of data display profits has slowed down. Looking at the third quarter alone, Mao Ti's revenue was 19.7 billion yuan, a year-on-year increase of only 3.81%. Profit in the third quarter It was 8.969 billion yuan, a year-on-year increase of 2.71%.

Affected by two factors, liquor stocks have been in a downward trend recently, and today the former stock king has fallen by the limit.

As a big blue chip, Tiansheng Yaoji has seen an overall continuous retracement close to -7% today, but such data still kills other similar funds in seconds.

During this period of time, many investors have seen the super-resilient side of Tiansheng Enchantress. When the market is rising, it will hardly fall behind. When the market is falling, it is often very resistant. Today, the Shanghai Stock Exchange fell by more than 2 percentage points, while Tiansheng's value Growth hybrid funds fell less than 1 percent.

Tiansheng Yaoji, a public fund, is still open for redemption and the subscription is suspended. The holders have become the "nail households" of Yaoji. No matter what, they will not sell it, which also leads to people who want to get on the bus. People are very angry, and the comment area is full of cursing.

The size of this fund is too large, and the siphon effect is obvious. Maintaining a base of 200 billion is already the limit. It will be difficult to adjust to absorb more funds, and it will be difficult to operate if it goes up. Although Lu Ming is still hanging He wears the brand of the fund manager, but he has long stopped trading this fund. The actual operator is Li Mingyang.

Now, the strategy for this star-level fund is to distribute profit dividends at the end of the year to “slim down” the fund. After the profit distribution is completed, the subscription channel will be opened to attract a new batch of Christians, and then the subscription channel will be closed again, and so on, once a year.

The subscription channel must be closed at the right time, because public investors like the mentality of "buying up and not buying down".

From a certain point of view, the annual profit of the fund can also be regarded as an annual wealth distribution. It is foreseeable that the scale of Tiansheng enchantress will increase as time goes by.

This is also the current position. It is the only public fund in the market that was bought by the Christian Democrats and almost turned into a semi-open fund. As long as you dare to open up, the Christian Democrats will dare to buy it, and it really has this strength. This is what Lu Ming said. Don't dare to underestimate the domestic foundation people, especially the young people who have entered the fund market in the next two years soaring rapidly, all of them are fierce people who close their eyes and do it directly.

If the subscription is kept open, it will not be surprising that this fund is bought by the young and newly influx of Christians with a scale of 500 billion Lu Ming.

…

When the market opened on October 30, Mao Tiao, which fell by the limit yesterday, has attracted much market attention today.

At 9:25, the results of the call auction came out. The liquor sector pulled its crotch again. Although the opening price of Maotai did not seal the limit down, it also opened significantly lower by -7.12%.

The entire consumer sector is in a state of turmoil, and everyone is in danger. Many people have pulled their hips when they see the call auction today. They are worried that the market outlook will trigger a series of tragic falls, and even get out of the stock market crash, so they all start to flee during the bidding stage.

However, after the market opened, Mao Ti down just took a pulse and started to attack upwards. The large order on the buying order was quickly eaten up by the funds.

At this moment, Li Mingyang is in charge of the trade in the trading room, issuing trading orders one by one.

Tiansheng Yaoji's "Six Meridian Sword", namely "Haitian An's Mao Wulu" gradually returned to its position, Wu Liangye was cut in half, and An's shares plummeted by 30% after the cut. In the eyes of market investors, liquor If it is to kill the valuation, then Anshi's shares will be considered a thunderbolt. If you want to kill the logic, the fall will be even more ruthless.

However, it was said that the liquor sector continued to rebound as time went on. Maotai’s decline in the afternoon narrowed to -1.29%, but it still failed to turn red in the end. The drop ends.

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