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China Fund News Taylor

Brothers and sisters, in today's market, the three major indexes continued to fall at the beginning, until the "magic two points" in the afternoon, it seemed that mysterious funds came out to support the bottom, and the indexes began to rise again.

“Love in Late Autumn” became popular, and CITIC Securities also became popular!

Recently, a Shanghai uncle who is an internet celebrity in the A-share market has become popular. His online name is "Big A Love in Late Autumn". He predicted that CITIC Securities would hit three daily limit ups in a row starting from July 22. CITIC Securities then ranked first on the hot lists of major stock platforms.

In the video, Shanghai Uncle said that he would continue to raise the target price of CITIC Securities to around 700 yuan, and believed that CITIC Securities would surpass Moutai to become the stock with the largest market value in the A-share market. At the same time, he predicted that the Shanghai Composite Index would reach more than 3,300 points by the end of July, and there would be a daily limit on the last three trading days of the month, that is, July 29, 30, and 31.

Perhaps influenced by the popularity of social media, on July 22, the securities sector moved up abnormally, Jinlong shares soared 9.95% to hit the daily limit, CITIC Securities surged by more than 4% with huge volume, and the transaction volume surged to more than 7 billion yuan. Zhongtai Securities, Guosheng Holdings, Guotai Junan and others led the gains.

A-shares narrowed their losses

The three major indexes fluctuated today. The Shanghai Composite Index fell by more than 1% in the afternoon, and then rebounded to a narrower decline. As of the close, the Shanghai Composite Index fell by 0.61%, the Shenzhen Component Index fell by 0.38%, and the ChiNext Index fell by 0.09%.

A total of 2,904 stocks in the market rose, 68 stocks hit the daily limit, and 2,189 stocks fell.

After two o'clock in the afternoon, the three major indexes continued to pick up. In terms of news, the central bank "cut interest rates" again in the afternoon. After the 7-day reverse repurchase operation rate was lowered by 10 basis points this morning, the Standing Lending Facility (SLF) rate was also lowered!

According to the People's Bank of China website on July 22, the interest rate of the standing lending facility will be lowered from July 22, with the overnight, 7-day and 1-month maturities falling to 2.55%, 2.7% and 3.05% respectively, all down 10 basis points.

In addition, near the end of trading, the trading volume of many CSI 300 ETFs increased significantly, and it seems that funds entered the market to support the bottom.