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A-share "once a year" snake year concept stock launch?
Jinshi data news on September 19th, today, there are signs of the start of the snake concept stocks. Some investors said that A-shares have always had a tradition of speculating on zodiac signs, such as the Year of the Rabbit and Year of the Dragon. These funds usually start to layout the bottom position from the fourth quarter. Currently, the stocks that are considered to be in line with the concept of the Year of the Snake in the market mainly include Bao Ta Industry (Leifeng Tower Town White Snake), Dr. Glasses (homophonic ‘Eyeglass Snake’), Chuanda Longmang, China Merchants Shekou, Longbai Group (formerly known as ‘Longmang Baireli’), and Huluwa, etc. As of today’s close, the above-mentioned stocks have increased by 1.28%, 2.94%, 1.7%, 3.37%, 1.82%, 2.92%, and 2.34% respectively. Many of these stocks have recently seen continuous rebound trends. Investors said, ‘The main reason for the emergence of this zodiac trend is that funds are easy to form a joint force, and there is only one opportunity for this trend in a year. Many investors participate in it, which can also drive market sentiment.’