Hexun Investment Advisor Wang Baochai: Narrow Volume Rally, Can It Sustain?

Today, over 4,500 companies saw gains, and everyone has somewhat recovered. The new theme of crayfish experienced a full-scale breakout today, directly driving the entire tech sector higher. It seems that crayfish’s influence is quite strong. Will it continue tomorrow? Wang Baocai, an investment advisor from Hexun, analyzed that the Asia-Pacific markets rebounded across the board today, especially Japan and South Korea indices. Of course, our A-shares were no exception. But what was the most critical factor today? Key figures did not appear, so the three main forces protecting the market were inactive today. The widespread gains and decreased trading volume at close indicate what? No new funds came in; it was just traders within the market moving assets around. So, can the broad rally continue tomorrow? Yesterday, the rally was in power, and today it’s in crayfish concepts. Of course, the power sector also saw gains today. I mentioned in the morning that you could reduce positions but not clear out entirely, as this is a trend. Today’s breakout was in crayfish-related industries, with 33 stocks hitting the daily limit. The strongest gains came from the upstream hardware and computing power related to crayfish, which had already risen for two consecutive days. Could this become the market’s main theme? By the close, crayfish received another major positive news. Besides subsidies in Shenzhen and Wuxi, Hefei’s subsidy soared to 10 million. Even more impressive, the storage chip giant Yimeda is joining our crayfish team.