After 'Teli A' quickly hit its daily limit.
Almost instantaneously, a group of stocks possessing both the "SOE reform and restructuring" and "oversold rebound" concepts, such as 'Wanfang Fazhan', 'Hailuo Xincai', 'Mingxing Dianli', 'Xinxiang Huaxian', 'Fenghuang Gufen', 'Sanxia Xincai', etc., surged in response.
Among them, 'Hailuo Xincai', 'Mingxing Dianli', and 'Sanxia Xincai' saw rapid volume explosions, directly sealing their daily limits upwards.
And as stocks related to the two major concepts of "SOE reform and restructuring" and "oversold rebound" surged across the board.
The "big finance" weighted stocks on the Main Board, and many core constituent stocks on the ChiNext board and SME Board Index, also saw frenzied movements driven by massive bottom-fishing and the "national team's" continued aggressive buying, quickly leading the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index to rebound and break through.
At 9:45 AM, just 15 minutes after the opening of the two markets.
The Shanghai Composite Index had already surged to a 4.15% gain, strongly reclaiming 3900 points.
Meanwhile, the Shenzhen Component Index and ChiNext Index, despite over half of their stocks being suspended from trading, also surged to the 4% threshold at this moment.
Subsequently, at 10:00 AM, the Shanghai Composite Index's gain approached 5%, while the Shenzhen Component Index and ChiNext Index were already at a 4.5% gain, moving in a steady straight line.
This indicated that, apart from the numerous suspended individual stocks, all other stocks in the entire Shenzhen market had already triggered a wave of daily limit hits.
Su Yi watched the explosive momentum of over 500 stocks hitting their daily limits in the two markets at this moment, knowing that today's market conditions, under the support of the "national team" and "bottom-fishing funds," should not pose any problems.
After all, due to the impact of over 1400 suspended stocks.
The current circulating market capitalization available for trading in the market is less than half of what it was before.
Coupled with the trillions of yuan in rescue funds invested by the "national team" and a large volume of bottom-fishing funds that followed suit.
Given this... with the circulating market volume sharply reduced compared to previous levels, and buying capital volume sharply increased compared to previous levels, how could the market not rise?
What's more, on the news front, regulators were still periodically releasing favorable news to the market.
In short, the violent market rebound at this time, in Su Yi's view, was an inevitable trend of sentiment recovery after the market's liquidity crisis was resolved by the "national team's" rescue efforts.
Of course, while this kind of violent rebound market looks promising.
This still doesn't change the fact that this rebound is essentially a bull trap in the development of the market's bull market avalanche trend.
He knew that the key test of whether the "national team's market rescue" could succeed would truly come later, when all urgently suspended stocks resumed trading and the market's circulating market value returned to previous levels.
What was happening now... was merely a brief resurgence of the market under the resonance of multiple positive factors, capital, and sentiment.
"Hehe, full position at the daily limit, finally a violent recovery of funds! The 'national team' is amazing!"
"Sigh, if only I had known, I should have added to my position at the open."
"Is the Shanghai Composite Index going to reclaim 4000 points? Haha... a violent recovery! The market conditions these past two days are just too satisfying."
"I feel like a bull market comeback is hopeful!"
"What should I do? I have the confidence to go long with a full position again."
As Su Yi pondered, inside the trading room, other large individual investors, seeing their stock accounts rapidly recover funds and even hit daily limits with full positions, felt their confidence in going long fully restored, and discussions became active.
It was in this environment of rapidly rising market sentiment and investment confidence.
Many people once again began to fantasize about a "bull market comeback," dreaming of anticipated changes for the Shanghai Composite Index to reach 5000 or 6000 points.
This time, the market finally turned over a new leaf, like a scumbag who swore to mend his ways, following the anticipated trend of opening high and trending higher throughout the day without any pullback.
Among them, the Shanghai Composite Index continued to surge by 4.54% at closing, achieving a brilliant record of over 10% violent rebound in two days.
And thanks to the market's violent rebound for two consecutive days.
In the market, stocks that hit two consecutive daily limits, or even rebounded over 25% from their lowest point in two trading days, became a common occurrence.
Facing the closing results where the two markets were overflowing with profit-making opportunities.
Su Yi looked at the 53,000 lots of 'Teli A' shares he held in his stock account, and the 15.62 million in floating profit data, couldn't help but stretch, smiled contentedly, closed the trading software on his computer, stood up, and prepared to leave the trading room.
Just then, a young man in a dark shirt suddenly smiled and called out to him.
"Hello!"
The other party extended a hand to him proactively,
"May I invite you for afternoon tea or coffee?"
Su Yi politely and briefly shook his hand, then carefully sized up the other party.
Seeing that he didn't recognize him, he couldn't help but ask,
"May I ask who you are..."
"Oh,"
The young man said with a smile,
"My name is Xu Qiao, and I'd like to make your acquaintance."
"Xu Qiao?"
Su Yi narrowed his eyes, continued to size up the other party, and said with a slight surprise,
"The Xu Qiao from 'Oriental Securities Modu Hongqiao Road Branch'?"
When Xu Qiao heard Su Yi directly call out his commonly used stock trading seat, a look of great surprise instantly appeared on his face.
He chuckled somewhat self-deprecatingly,
"Yes, I am the Xu Qiao you mentioned. I didn't expect... it seems I'm quite well-known, that you've actually heard of me."
"I've studied your trading strategy,"
Su Yi said with a smile.
He had studied all the well-known speculative funds in the Modu financial circle.
It was just that before his rebirth, his social stratum was limited, and he had never met these influential figures, who once stirred up storms in the financial market, in real life.
"My trading strategy?"
Xu Qiao smiled, a bit embarrassed, and said,
"Actually, I'm just learning the ropes, following the historical trading records of 'God A'. To be honest... I'm just a beginner in the financial market."
Su Yi had expected a new generation of active speculative funds in the A-share market like Xu Qiao to be confident and arrogant.
However, he was surprised that the other party's demeanor and words gave off a very gentle and humble impression.
He couldn't help but respond,
"If Mr. Xu says he's a beginner, then I'm not even initiated."
"Haha..."
Xu Qiao laughed and said,
"How can someone who can execute such a perfect price movement for 'Teli A' and receive high praise from my idol 'God A' say he's not initiated?"
Upon hearing his words, Su Yi was surprised, yet also puzzled,
"I don't quite understand what Mr. Xu means."
Xu Qiao smiled, didn't explain, and invited again,
"In that case... how about we have afternoon tea or coffee together?"
"Alright!"
Su Yi nodded slightly, accepting the other party's invitation.
He thought that since the other party had already approached him proactively, no matter what their true intentions were, he should first observe before making any plans.
(End of Chapter)
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